straga/iStock via Getty Images European natural gas prices surged more than 40% Tuesday following a 40% jump on Monday, as the production halt at the world's largest liquefied natural gas export facility in Qatar sparks fears over global supply and risks to energy security in Europe and Asia. Even before Qatar shut the facility, which accounts for ~20% of global LNG supply, after an Iranian drone attack, the escalating war in the Middle East had effectively closed the Strait of Hormuz, a key export route for Qatar. European gas prices are up ~90% since Friday's close, in "the biggest threat to world gas markets since Russia invaded Ukraine in 2022," ING analysts said in a note. Prices are still well short of the records reached during the 2023 energy crisis, currently trading near €62/MWh, compared to an all-time peak above €300/MWh, but the situation nevertheless threatens Europe's ability to build up reserves, which have been depleted and will need to compete with other major buyers for global flows during the upcoming stockpiling season. European Union gas storage sites were estimated at just 30% full as of March 1, according to data from Gas Infrastructure Europe. Alternative supplies, meanwhile, remain limited, and traders say that while the U.S. could boost exports, the additional volumes would not be enough to offset sustained losses of Qatari output. ETFs: ( UNG ), ( BOIL ), ( KOLD ), ( UNL ), ( FCG ) More on natural gas The Commodities: European Gas And Asian LNG Surge After Qatar Halts Operations Geopolitics And Crude: Why WTI Pulled Back Despite Escalating Middle East Risks War In The Middle East - Implications For Markets And Macro

针对市场关于防水材料产品涨价的消息，中国证券报记者从多家头部上市公司确认，涨价消息属实。本次调价品种主要涉及工程端沥青类防水卷材与沥青类涂料，价格上调幅度为5%至10%。东方雨虹（002271）和科顺股份（300737）均表示，涨价主要由原材料沥青涨价驱动，预计会对公司业绩产生积极影响。北新建材（000786）也已对公司防水产品价格进行了调整。(中国证券报)

Julia Dorian/iStock Editorial via Getty Images Co-authored with Beyond Saving If it bleeds, it leads. That's a common saying in journalism, and it applies to financial journalism as much as it does to your local news channel. On your local news, you'll see the media hype up stories about local crime. If you live in a city, it's probably some salacious murder. If you live in a small town, it might be about how some rascally kids put graffiti on the school. When a storm comes, the news media loves it. They get to discuss the dangers of tornadoes, hurricanes, snow, ice, or whatever your local version of bad weather is. It's always far more dramatic than is necessary. One of the funniest things I ever remember on TV was a weather reporter in Minnesota standing out in the middle of a snowstorm, picking up snow with her bare hands and saying: "See, it's cold!" Then everyone turns off their TVs and goes to scrape a 6-inch viewing hole in the ice on their windshield to drive to work despite all the dire warnings issued by local news. Whatever area you live in, there are certain dangers that you adapt to, and you probably laugh at how the media takes a real danger but blows it out of proportion. This happens in the financial news as well. Instead of life and limb, the fear that is stoked is about losing your money. Words like "crash", "recession", "GFC", and "risk" are all great fodder for headlines. There is risk; there is always risk. There will be crashes, recessions, and black swans. It is inevitable, and you will see them all if you are invested in the stock market, as inevitable as you will feel how cold the snow is if you live in Minnesota. Stocks Are Volatile Stock prices are volatile, and stock market returns are inconsistent. Consider the S&P 500; since 1985, it has had a total return of 11.8% CAGR. Those returns have been very inconsistent. In fact, it is very rare for the S&P 500 to have an annual return of 12%. Below are the annual returns of the S&P 500; the re...

Lemonade (LMND +3.13%) has kept investors on their toes during the past few years as it builds its artificial intelligence (AI)-based insurance company. Growth is piping hot, and the company is grabbing market share from the big insurance giants. As of this writing, Lemonade stock trades at about $53 per share, which means it would need to nearly double to reach $100. Let's see the path to get there. Why Lemonade is looking sweet Let's first take a step back and see what's been happening at Lemonade during the past few years. The company, which is a digital insurance provider, got started in 2014, and it already has nearly 3 million customers. Lemonade uses AI and machine learning throughout its business, and it was built as a digital operation from the outset, well before AI became today's buzzword. It uses chatbots to onboard new customers and pay claims, simplifying transactions and skipping time-consuming, onerous processes. The concept is taking off, and Lemonade has been demonstrating dramatic growth. In-force premium, its favored top-line metric, rose 31% year-over-year in the 2025 fourth quarter, while revenue increased 53%. Business performance is measured by the loss ratio for insurance companies, or how much is paid out in claims and other expenses as a share of premiums collected (lower is better). Although it's taken time to get the algorithms right to achieve declines, it's finally happening. The trailing-12-month loss ratio fell from 73% in the previous fourth quarter to 64% in the 2025 fourth quarter, leading to gains on the bottom line. Management expects to achieve positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the 2026 fourth quarter and positive net income next year. Expand NYSE : LMND Lemonade Today's Change ( 3.13 %) $ 1.62 Current Price $ 53.36 Key Data Points Market Cap $4.1B Day's Range $ 49.33 - $ 53.58 52wk Range $ 24.31 - $ 99.90 Volume 141 Avg Vol 2.7M The road to $100 Lemonade stock reached...

Key Points Lemonade has reached 3 million customers in 11 years. Growth is accelerating while its loss ratio is declining. Lemonade stock trades at an attractive price. 10 stocks we like better than Lemonade › Lemonade (NYSE: LMND) has kept investors on their toes during the past few years as it builds its artificial intelligence (AI)-based insurance company. Growth is piping hot, and the company is grabbing market share from the big insurance giants. As of this writing, Lemonade stock trades at about $53 per share, which means it would need to nearly double to reach $100. Let's see the path to get there. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Why Lemonade is looking sweet Let's first take a step back and see what's been happening at Lemonade during the past few years. The company, which is a digital insurance provider, got started in 2014, and it already has nearly 3 million customers. Lemonade uses AI and machine learning throughout its business, and it was built as a digital operation from the outset, well before AI became today's buzzword. It uses chatbots to onboard new customers and pay claims, simplifying transactions and skipping time-consuming, onerous processes. The concept is taking off, and Lemonade has been demonstrating dramatic growth. In-force premium, its favored top-line metric, rose 31% year-over-year in the 2025 fourth quarter, while revenue increased 53%. Business performance is measured by the loss ratio for insurance companies, or how much is paid out in claims and other expenses as a share of premiums collected (lower is better). Although it's taken time to get the algorithms right to achieve declines, it's finally happening. The trailing-12-month loss ratio fell from 73% in the previous fourth quarter to 64% in the 2025 fourth quarter, leading to gains on the bott...

Target (TGT 0.48%) is one of the largest retailers in the United States. Its main competitor is Walmart (WMT 0.60%), given that both operate similarly large stores. However, there is a significant performance gap right now, with Target struggling and Walmart thriving. Here's why a CEO change at Target may not be enough to turn things around in 2026. What does Target do? Target is a retailer with stores that sell a variety of items from kitchenware to food. It is a very large business, generating $25.3 billion in revenue in the third quarter of 2025 alone. That said, the company's approach is very particular, as it aims to offer a higher-quality experience to customers. That generally translates to nicer stores and more expensive merchandise than its main rival, Walmart, which focuses simply on offering low prices. Being at the higher end of the market is a problem right now. To put a number on that, Target's sales fell 1.5% in the third quarter of 2025, with same-store sales off by 2.7%. In comparison, Walmart's sales have been growing quite strongly. In that same quarter, its top line grew 5.8% and its U.S. business benefited from a same-store sales advance of 4.5%. The key driver of this divergence is that consumers are tightening their belts because of inflation and concerns about the economy. Walmart's "cheap" trumps Target's "premium experience" right now. Target's new CEO can only do so much Target is cognizant of the problem, and the board of directors has taken action by bringing in a new CEO. A 20-year veteran of the company, Michael Fiddelke has been able to hit the ground running. That's good news, and the stock has risen about 15% since the CEO change was announced. Expand NYSE : TGT Target Today's Change ( -0.48 %) $ -0.55 Current Price $ 113.24 Key Data Points Market Cap $51B Day's Range $ 111.31 - $ 114.36 52wk Range $ 83.44 - $ 118.98 Volume 11K Avg Vol 6.6M Gross Margin 25.36 % Dividend Yield 4.01 % However, further gains from this point will likely...

"We will always be deeply sorry: for the unimaginable harm done to Sarah, for the trauma endured by her family - who have shown extraordinary dignity in the face of unbearable grief - and for the profound damage inflicted on the trust Londoners should be able to place in their police service."

(RTTNews) - Ziff Davis, Inc. (ZD) has entered into a definitive agreement to sell its Connectivity division to Accenture for $1.2 billion in cash. The company anticipates that the division's financial results will be classified as discontinued operations within the consolidated financial statements for both current and prior periods beginning with the first quarter of fiscal 2026. Ziff Davis' Connectivity brands include: Ookla, Speedtest, Ekahau, Downdetector, and RootMetrics. The company plans to utilize the proceeds for general corporate purposes and to fund its capital allocation activities. In pre-market trading on NasdaqGS, Ziff Davis shares are up 46.77 percent to $41.11. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Medline Inc. shareholders are offering 75 million shares in the company, capitalizing on a rally in the medical supplier’s stock since its debut late last year. Shareholders including Blackstone Inc., Carlyle Group Inc., Hellman & Friedman and the Abu Dhabi Investment Authority are offering the shares, according to a Tuesday morning filing . The stake would be worth $3.4 billion at Monday’s closing price, according to Bloomberg calculations. The stock had rallied 58% since its December initial public offering, which was the largest of the year in the US, through Monday’s close. Shares slid as much as 5.5% in premarket trading on Tuesday. Goldman Sachs Group, Inc., Morgan Stanley, Bank of America Corp. and JPMorgan Chase & Co. are arranging the offering.

L.B. Foster press release ( FSTR ): Q4 GAAP EPS of $0.22 misses by $0.45 . Revenue of $160.37M (+25.1% Y/Y) beats by $1.54M . Adjusted EBITDA 1 of $13.7 million increased $6.4 million, or 89.0%, versus last year. Cash provided by operating activities was $22.2 million for the fourth quarter, a $2.1 million decrease from the prior year quarter due to slightly higher working capital needs this year. New orders, net for the 2025 fourth quarter decreased $5.9 million, or 5.5%, from the prior year quarter with the decrease realized in both segments. The trailing twelve month book-to-bill ratio 1 was 1.00 : 1.00. Backlog increased $3.4 million over the prior year quarter The Company announced 2026 financial guidance with net sales expected to range from $540 million to $580 million vs. $552.84M consensus and Adjusted EBITDA 1 expected to range from $41 million to $46 million; Free Cash Flow 1 is expected to range between $15 million and $25 million. More on L.B. Foster L.B. Foster Company (FSTR) Presents at 19th Annual Best of the Uncovereds Conference - Slideshow L.B. Foster Company (FSTR) Presents at Sidoti Year End Virtual Investor Conference - Slideshow L.B. Foster Company: Nothing To Keep Me Interested Seeking Alpha’s Quant Rating on L.B. Foster Historical earnings data for L.B. Foster

中东战争升级，布伦特原油价格自2024年7月以来首次触及每桶85美元。 随着伊朗试图报复以色列及拥有美军基地的中东国家，战争迅速蔓延，石油和天然气运输船过境霍尔木兹海峡通行基本中断，全球能源市场遭受重创。美国总统唐纳德·特朗普誓言将“不惜一切”实现目标，国务卿马尔科·卢比奥称军事行动势将升级。 与此同时，一名伊斯兰革命卫队顾问表示，部队“将点燃任何试图通过”霍尔木兹海峡的船只。目前，其他地区的供应富余在一定程度上限制了油价涨幅。但如果这一水道的扰动持续时间过长，可能迫使本地区国家削减产量。 责任编辑：王许宁

Human rights organisations, academics and writers have called on Ofcom to clarify what the high court ruling that the ban on Palestine Action was unlawful will mean for online platforms pending the home secretary’s appeal against the judgment. The Metropolitan police have said that officers will no longer arrest people at protests who express support for the direct action group. But the signatories of a letter to Ofcom say it is unclear what it will mean for platforms which have duties to remove terrorist content under the Online Safety Act. Open Rights Group, Amnesty International UK, Big Brother Watch, Access Now and others have asked the communications regulator to clarify whether platforms are still expected to remove content. They also want to know how new duties to remove terrorist content will be implemented and whether content can be restored if the government loses its appeal. Sara Chitseko, the pre-crime programme manager at Open Rights Group, said: “The UK’s vague definition of terrorism and legal duties under the Online Safety Act already risk content being wrongly defined as illegal and removed. Now there is additional confusion over whether tech companies are targeting and removing online content relating to Palestine Action. “In light of the court’s judgment and commentary on freedom of expression, Ofcom need to provide immediate guidance to ensure that important public debates about Palestine are not being censored.” Last week, judges decided that the proscription order banning Palestine Action under anti-terrorism laws would remain in place pending Shabana Mahmood’s appeal against the high court’s decision. It means the legal position remains that content supportive of Palestine Action must be removed, when a platform finds it or it is reported to them. But the signatories to the letter, who also include Statewatch, Netpol, Article 19 and the forensic computer expert Duncan Campbell, urge Ofcom to follow in the footsteps of the Met by clarifying the...

据媒体援引三名知情人士报道，英国计划派遣一艘军舰前往塞浦路斯，以保卫皇家空军阿克罗蒂里基地。 报道称，国防大臣约翰·希利周二与军方高层会晤，讨论派遣“邓肯号”驱逐舰前往该地区。 报道称，这艘军舰目前被认为在英国境内，从英国前往塞浦路斯可能需要约一周时间。 责任编辑：王许宁

Chinese artificial intelligence-powered drug researcher XtalPi Holdings said it expects to turn its first annual profit on the back of strong revenue growth, according to a corporate filing. The Shenzhen-based company projected a swing to a net profit of at least 100 million yuan (US$14.5 million) in 2025 from a net loss of around 1.5 billion yuan in 2024, notching its first full-year profit, according to a filing with the Hong Kong stock exchange on Tuesday. XtalPi attributed the earnings boost to “a substantial increase” in revenue, which came to at least 780 million yuan for the year ended December, the filing said. Advertisement This represented a nearly 193 per cent jump from a year earlier, according to the company, which cited narrowing losses in its core intelligent robotics and drug discovery operations. XtalPi’s profit was also helped by a sharp rise in gains on financial assets, expected to exceed 500 million yuan, the filing said. Advertisement XtalPi’s share lost 2 per cent to HK$9.54 on Tuesday.

AST SpaceMobile, Inc. ASTS reported mixed fourth-quarter 2025 results, with the top line beating the Zacks Consensus Estimate and the bottom line missing the same. The company reported revenue growth year over year, backed by gateway hardware sales and U.S Government contract. The launch of BlueBird 6, the largest commercial communications array ever deployed in low Earth orbit, is a positive factor. However, unfavorable macroeconomic conditions, such as rising inflation, higher interest rates, volatility in the capital markets, imposition of tariffs and geopolitical conflicts, are hurting the company’s operations. These factors led to continued fluctuations in satellite material prices, increasing capital costs and putting pressure on the company’s financial performance in the quarter under discussion. Quarter Details Net loss in the reported quarter was $73.9 million or a loss of 26 cents per share compared with a loss of $35.9 million or a loss of 18 cents per share in the year-ago quarter. The reported loss was wider than the Zacks Consensus Estimate of a loss of 18 cents. For 2025, ASTS reported a net loss of $341.9 million or a loss of $1.34 per share compared to a loss of $300.1 million or $1.94 per share in 2024. AST SpaceMobile, Inc. Price, Consensus and EPS Surprise AST SpaceMobile, Inc. price-consensus-eps-surprise-chart | AST SpaceMobile, Inc. Quote Quarterly revenues surged to $54.3 million from $1.9 million in the year-ago quarter, primarily driven by gateway hardware sales and various commercial and U.S. government service milestone achievements. The top line beat the Zacks Consensus Estimate of $41 million. For 2025, the company reported revenues of $70.9 million, increasing $4.4 million from 2024. Other Details In the December quarter, total operating expenses rose to $126.6 million from $60.6 million in the year-ago quarter. This was due to increased general and administrative costs and engineering services expenses. Adjusted operating expenses for...

Dell's earnings beat could just be the first step in a 2026 stock revival. Read more on why the company's return to profit growth is just getting started.

两日20道“冷静令”挡不住，油气行情的“油门”能踩多久？ 受中东地缘政治局势骤然升级影响，市场避险情绪陡升，油气、能源等资源受到资金热捧。3月3日，A股三大指数集体收跌，市场整体呈现调整态势，但油气板块却逆势掀起涨停潮，成为盘面最大亮点。其中被称为“三桶油”的中国石油（601857.SH）、中国石化（600028.SH）、中国海油（600938.SH）更是罕见连续两日集体涨停。 这场由子弹催化的资本狂欢迅速蔓延至ETF市场，7只油气类ETF连续两日涨停，多只产品单日成交额刷新历史纪录，部分产品单日成交额较上周暴涨数十倍；3月2日逾51亿元资金加速涌入。 然而，狂欢背后风险信号已然闪烁。富国标普油气ETF溢价率冲上20%，南方基金盘中紧急暂停旗下原油LOF交易，公募机构两日内连发20道“冷静令”。在地缘冲突与资金狂热交织的当下，油气行情的“油门”还能踩多久？ 硝烟引爆油气行情 3月3日，申万石油石化板块以6.75%的单日涨幅领跑。其中，东方盛虹（000301.SZ）、泰山石油（000554.SZ）等27只石油石化个股纷纷涨停，中国石油、中国石化股价均创近18年来新高，中国海油收盘价刷新历史纪录。 这一轮暴涨直接映射到A股市场的资源类ETF上，相关产品连续两日“霸屏”涨幅榜前列。Wind数据显示，截至3月3日收盘，油气ETF银华、标普油气ETF嘉实、石油ETF富国等7只ETF连续两日涨停。 除连续涨停的品种外，其余相关ETF同样表现亮眼。石油ETF鹏华、国泰石油ETF、油气ETF华泰柏瑞等3只产品，在3月2日涨停后，3月3日单日涨幅仍均超7%。此外，汇添富中证能源ETF、能源ETF广发同样涨幅居前，单日上涨超5.7%。 行情火爆的背后，上述产品的成交额和换手率出现明显放大。据第一财经统计，3月3日，国泰中证油气产业ETF的成交额达到84.43亿元，创下成立以来新高，这一数字较上周五（2月27日）放大32倍以上，交投活跃度大幅提升。 此外，石油ETF富国、景顺长城石油天然气ETF同样暴涨26.7倍，石油ETF鹏华、油气ETF银华则有超过15倍的涨幅，均刷新各自单日历史成交纪录。 产品成交额的显著增长下，资金交投十分活跃，换手率也明显放大。Wind数据显示，在3月3日，在涨幅居前的10只ETF中，有6只基金的换手率超过1倍，最高的标普油气ETF嘉实的换手率达到167.95%...

Earnings Call Insights: Tuya Inc. (TUYA) Q4 2025 Management View CEO Xueji Wang highlighted the company's stability and resilience in 2025, noting "we maintain stability across our platform business, delivered steady full year revenue growth and achieved a notable improvement in GAAP profitability." Wang emphasized progress in systematic AI capability, stating, "we made solid progress in building a more systematic AI capability framework." Wang described the launch of the AI-powered smart life assistant, Hey Tuya CES, as a key strategic move to accelerate AI adoption in smart home scenarios. "Through a more curated and tangible entry point integrating AI agents with hardware devices, we aim to help users entry a more comfortable and effortless home experience, accelerating the real-world adoption of AI capabilities across a broader range of everyday scenarios." Wang outlined three strategic priorities: strengthening AI-native platform capabilities, accelerating scalable AI application deployment, and deepening investment in the developer ecosystem for innovation and commercial success. CFO Yi Yang reported, "in the fourth quarter of 2025, we generated total revenue of approximately USD 84.5 million, representing a year-over-year increase of 3%, against the backdrop of the continuous conscious industry demand and a more conservative customer procurement cycles." Yang also highlighted, "our blended gross margin was 47.6%, while non-GAAP operating margin improved to 11.1%. Non-GAAP net margin reached 24.4%. Net operating cash flow totaled USD 23.5 million, making the 11th consecutive quarters of positive operating cash flow." Yang noted the SaaS and others business delivered full year revenue of USD 44.8 million, up 13.4% year-over-year, with recurring services revenues rising by 37%. The Smart Solutions business achieved full year revenue of USD 45.7 million, an 8.9% increase. Outlook Management plans to further strengthen AI native platform capabilities, enable scala...

美国油气股在周二盘前交易中走高，受中东冲突推动大宗商品价格进一步上涨的提振。 个股表现：Venture Global涨17%，切尼尔能源公司涨8.5%，Vermilion涨6.7%，戴蒙德巴克能源涨4.8%， 康菲石油 涨3.6%， 西方石油 涨3.3%，APA涨3.2%， 埃克森美孚 涨2.1%， 雪佛龙 涨1.9%。 布伦特原油价格自2024年7月以来首次突破每桶85美元，因油轮通过霍尔木兹海峡的运输陷入停滞。 卡塔尔的全球最大液化天然气出口工厂停产期间，欧洲天然气价格连续第二日飙升。 责任编辑：王许宁

Wall Street is about as bullish about Palantir Technologies Inc. as it’s ever been, as the potential for growth in the company’s defense business brings enthusiasm back to the stock following a four-month selloff. The data-analysis software company, which gets about half its revenue from US government and military contracts, jumped 5.8% on Monday to bring its four-session gain to 13%. The rally started last week as President Donald Trump ratcheted up threats against Iran, and is continuing amid military strikes by the US and Israel on the country. The Trump administration expects the fighting to potentially last for weeks , while Iranian officials say it will probably go on for longer. “The positive move in the stock is an emotional reaction to how Palantir is positioned with the government and military,” said Tim Pagliara , chief investment officer at Capwealth Advisors, which owns the company’s shares. “I don’t think the war represents a meaningful change to Palantir’s fundamentals, but it validates Palantir’s position within the government, and it positions them for continued growth and adoption in many other areas of the military,” he said. “The war really speaks to the theme of how the company is so embedded in the government and the moat it has there.” The stock, which has long been treated skeptically by analysts due to its extreme valuation, was upgraded by at least eight firms last month amid a slump that sent Palantir shares down 38% from a record high on Nov. 3 to a Feb. 24 low. The plunge came amid a barrage of criticism from investor Michael Burry of The Big Short fame centered on concerns about the company’s valuation and potential for growth, as well as scrutiny of its business dealings with US Immigration and Customs Enforcement and the Department of Homeland Security. Read More: Democrats Want Probe of Trump Officials and Immigration Deals Palantir has been a major US government contractor for years, working largely with the military and ICE. In 202...

Palantir has been a major US government contractor for years, working largely with the military and ICE. In 2024, it received a $100 million contract for its Maven Smart System, an AI-enabled battle management platform system that aggregates military data. And last summer, the company received a $10 billion contract from the US Army that the government said will reduce procurement timelines, “ensuring soldiers have rapid access to cutting-edge data integration, analytics and AI tools.” The stock, which has long been treated skeptically by analysts due to its extreme valuation, was upgraded by at least eight firms last month amid a slump that sent Palantir shares down 38% from a record high on Nov. 3 to a Feb. 24 low. The plunge came amid a barrage of criticism from investor Michael Burry of fame centered on concerns about the company’s valuation and potential for growth, as well as scrutiny of its business dealings with US Immigration and Customs Enforcement and the Department of Homeland Security. “I don’t think the war represents a meaningful change to Palantir’s fundamentals, but it validates Palantir’s position within the government, and it positions them for continued growth and adoption in many other areas of the military,” he said. “The war really speaks to the theme of how the company is so embedded in the government and the moat it has there.” “The positive move in the stock is an emotional reaction to how Palantir is positioned with the government and military,” said Tim Pagliara, chief investment officer at Capwealth Advisors, which owns the company’s shares. The data-analysis software company, which gets about half its revenue from US government and military contracts, jumped 5.8% on Monday to bring its four-session gain to 13%. The rally started last week as President Donald Trump ratcheted up threats against Iran, and is continuing amid military strikes by the US and Israel on the country. The Trump administration expects the fighting to potentially la...

科技保险将迎来三大变化。 为科技创新保驾护航的科技保险，迎来“顶层设计”。 科技部、金融监管总局等四部门近日联合发布《关于加快推动科技保险高质量发展 有力支撑高水平科技自立自强的若干意见》（下称《意见》），围绕科技保险“保障谁、保什么、怎么保”，推出20项政策举措。 “《意见》的出台为科技保险提供了‘顶层设计’，将推动保险业从风险补偿者升级为科技创新的全程赋能者，并引导险资作为‘耐心资本’支撑国家重大科技任务。”对外经济贸易大学创新与风险管理研究中心副主任、众托帮联合创始人兼总经理龙格对第一财经记者表示。 龙格分析称，此次《意见》的最大亮点在于产品设计精准聚焦人工智能等前沿领域，服务覆盖研发到产业化的全链条，并通过专营机构、容错机制等制度创新为业务开展创造条件。 金融监管总局表示，《意见》的出台将有效推动新时期科技保险高质量发展，发挥科技保险支持创新的减震器和稳定器作用，切实解决科技保险发展与创新实际需求的适配性不足问题，全面提升科技保险服务高水平科技自立自强和科技强国建设的能力与水平。 建立协调推进机制 在总体要求上，《意见》明确需坚持“政府引导、市场运作、协同推进、防范风险”的总体原则，加快构建同科技创新相适应的科技保险体制机制，建立涵盖科技创新全链条、全周期的保险产品和服务体系，加大对国家重大科技任务和科技型中小企业的支持力度。 根据金融监管总局2024年发布的《科技保险业务统计制度》，科技保险是指服务国家创新驱动发展战略，支持高水平科技自立自强，为科技研发、成果转化、产业化推广等科技活动以及科技活动主体，提供风险保障和资金支持等经济行为的统称。 原银保监会副主席梁涛在“2025影响力企业家年会”上曾公开表示，我国的科技保险始于2006年，现在已经形成30种科技保险产品体系。虽然科技保险与传统财产险相比保费规模还较小，但在科技金融的细分领域已经初显规模效应。到2024年底，全国科技保险为科技创新活动提供的保险保障超过9万亿元，保险企业投资科技企业超过6000亿元。另据新华社报道，2025年，我国科技保险保费同比增长44%。 优良的机制是顶层设计的关键所在。《意见》明确，围绕国家重点部署的科技和产业发展领域，需建立全国科技保险重大技术攻关协调推进机制，优化政府、科技型企业、保险机构等多主体风险分散模式；完善投保人、保险市场、再保险市场等多层次损失分担方式。在国家...