People’s Daily reported that robots are increasingly being deployed in shopping malls, tourist attractions, exhibitions, and event services, fueling rapid growth in China’s robot rental market. Industry estimates value the market at approximately 1 billion yuan (US$140 million) in 2025, with projections suggesting it could surpass 10 billion yuan (US$1.4 billion) in 2026 as commercial adoption accelerates.
The market’s expansion has also generated strong demand for specialized insurance products. Chinese insurers are introducing coverage for risks associated with robot leasing, operations, maintenance, equipment damage, data security, and third-party liability. China Pacific Insurance launched a dedicated insurance product for humanoid robots in 2025, while Ping An and PICC have developed broader insurance solutions for commercial robotics applications.
Industry observers view insurance as a critical supporting service for the commercialization of robotics, helping reduce operational risks and encouraging wider adoption as robots move into increasingly diverse real-world applications.
Source: People’s Daily, June 11, 2026
http://finance.people.com.cn/n1/2026/0611/c1004-40738326.html