New stock news | Nuanwa insights submitted to the Hong Kong Stock Exchange as an independent leading AI technology dragon head in the Chinese insurance industry

According to the disclosure by the Hong Kong Stock Exchange on September 16th, Nuwa Insight Technology Limited (hereinafter referred to as Nuwa Insight) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with J.P. Morgan and HSBC as its joint sponsors. The prospectus shows that Nuwa Insight, as a leading AI technology company in the Chinese insurance industry with full-stack risk analysis capabilities, provides AI technology to empower the entire lifecycle of insurance transactions, with a special focus on two key divisions - underwriting processes and claims management processes. According to a Frost & Sullivan report, in terms of the number of insurance cases handled by 2024, Nuwa Insight is the largest independent AI technology company in the Chinese insurance industry, and in terms of revenue by 2024, the company is the largest AI technology company with full-stack risk analysis capabilities in the Chinese health insurance industry. As of December 31, 2024, Nuwa Insight's solutions have been adopted by 90 insurance companies, including eight of the top ten insurance companies in China based on premium income in 2024. As of June 30, 2025, the company has handled a cumulative total of 204 million underwriting review and claims investigation cases, servicing over 41 million underwriting and claims customers of insurance companies. Since its inception until June 30, 2025, the company has also facilitated the payment of RMB 10.7 billion in first-year premiums. Nuwa Insight's AI underwriting solutions mainly include AI user operation solutions and intelligent underwriting solutions. With the company's user operation solutions, customers optimize policy renewal scenarios, achieving a renewal rate of 97.5% by June 30, 2025 (calculated by dividing the number of renewal policies in a specific period by the number of policies due for renewal in the same period). Additionally, according to a Frost & Sullivan report, by June 30, 2025, Nuwa Insight has also helped clients achieve a cross-selling rate of 63.0% (calculated by dividing the number of additional policies purchased by existing policyholders in a specific period by the total number of existing policies in the same period), far exceeding the industry average of 15.0% to 25.0%. Financially, for the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, Nuwa Insight achieved revenues of approximately RMB 345 million, RMB 655 million, RMB 944 million, and RMB 431 million respectively; during the same periods, gross profits were RMB 199 million, RMB 382 million, RMB 470 million, and RMB 220 million respectively.