I believe this is a false positive for the official Insta360 Studio application, downloaded from the Insta360 corporate website.
Kaspersky Application version: 21.18.5.438(a)
Insta360 Studio version: Insta360Studio_5.3.3_beta1_insta360(RC_build1)_20240913_174313_1726221040882
Report text:
Malicious object detected Insta360 Studio Thumbnail Service insta360-thumbnail-service.exe C:\Program Files\Insta360 Studio Initiator Detected: PDM:Trojan.Win32.Generic Detected PDM:Trojan.Win32.Generic Trojan High Exactly insta360-thumbnail-service.exe insta360-thumbnail-service.exe C:\Program Files\Insta360 Studio Process Behavior analysis