Ping An, one of the biggest Chinese insurers and who is actively experimenting with e-insurance, introduced a new policy for the loss of virtual property in online games. It is reported that one female player in Shenzhen had purchased such a policy from Ping An earlier this month (in Chinese). The virtual items range from weapons, costumes to ‘magic power’. It is said that the most expensive set of virtual items costs more than one million yuan. It’s not the first time we heard about virtual property insurance in China.