New Progress Made in the Application of Data IP Rights in China

June 29, 2023

Recently, China's first data IP infringement loss insurance was successfully issued, providing a series of risk insurance for IP infringement losses, emergency response costs, data recovery costs, and rights protection costs for data legally owned by an enterprise in Zhejiang province and certified in the data intellectual property registration system or certification platform.

In recent years, the Utilization Promotion Department of the CNIPA, together with relevant departments of the China Banking and Insurance Regulatory Commission (CBIRC), has guided PICC and other insurance institutions to build an IP insurance product system, developed more than 20 insurance products for various IP rights, including patents, trademarks, copyrights, geographical indications, integrated circuit layout designs, new plant varieties and trade secrets, cumulatively having provided risk protection worth over 110 billion yuan for 46,000 IP rights of 28,000 technology enterprises.

(Source: CNIPA Official WeChat Account)