SHENZHEN, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced that it has partnered with China Pacific Property Insurance Co., Ltd. (“CPIC P&C”) to launch “Little Scholar”, a customized student accident insurance product. This product is designed to provide parent ...

Core Viewpoint - Huize Holding Limited has announced a strategic partnership with New China Life Insurance Company to launch "Bliss," a customized annuity insurance product aimed at consumers seeking stable and risk-averse financial solutions [1][3]. Group 1: Product Features - "Bliss" offers rapid cash value growth with flexible payment options [2]. - It allows flexible annuity start times, enabling payouts to begin at 5 years, 10 years, or when the insured reaches 60 or 70 years old, catering to individual financial needs [2]. - The enrollment process is seamless, requiring no health declaration, with broad occupational eligibility and affordable premiums starting at RMB2,000 annually [2]. - Value-added benefits include up to 5 years of complimentary health management services [2]. Group 2: Strategic Importance - The launch of "Bliss" is a response to a significant shift in customer investment preferences towards savings products [3]. - This partnership aims to drive innovation in the digital distribution model for insurance services, integrating capabilities in customizing and promoting internet insurance products [3]. - The company emphasizes its ability to identify and address customer needs with a variety of insurance options that combine brand value with cost-effectiveness [3]. Group 3: Company Background - Huize Holding Limited is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions [5]. - The company targets mass affluent consumers and offers a wide spectrum of insurance products and services, enhancing the entire insurance life cycle [5]. - New China Life Insurance Company, founded in 1996, has annual gross written premiums exceeding RMB160 billion and total assets over RMB1.4 trillion, serving millions of retail and institutional customers [4].

SHENZHEN, China, July 16, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has received a notification letter (the “Compliance Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated July 15, 2024, informing the Company that it h ...

SHENZHEN, China, July 16, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize" or the "Company") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated July 15, 2024, informing the Company that it ha ...

SHENZHEN, China, June 20, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today expanded its global footprint with the acquisition of Global Care Consulting Joint Stock Company (“Global Care”), a pioneering insurtech company in Vietnam specialized in digital transformation solutions for the insura ...

Core Viewpoint - Huize Holding Limited has expanded its global presence by acquiring Global Care Consulting Joint Stock Company, a leading insurtech firm in Vietnam, marking the first step in the international expansion of its brand Poni Insurtech [1][2][4]. Group 1: Acquisition Details - The acquisition involves Huize acquiring a controlling stake in Global Care through the purchase of existing shares and subscription of new shares, with multiple closings planned [4]. - VinaCapital Ventures will receive newly issued class A common shares of Huize, representing approximately 1.7% of the issued share capital on a fully-diluted basis, with 50% subject to a one-year lock-up period [4]. Group 2: Market Opportunity - Vietnam is identified as a highly attractive emerging market for insurance, characterized by a young, digital-native demographic of 100 million people and strong macroeconomic growth [5]. - The ASEAN region, where Vietnam is located, presents significant market parallels to China, including rapidly growing economies and increasing demand for digital insurance solutions [2]. Group 3: Global Care Overview - Global Care, established in 2017, specializes in digital transformation solutions for the insurance industry, offering cloud-based API solutions and mobile apps that connect insurers with various distribution channels [3]. - In 2023, Global Care facilitated 13.5 million policies, with revenue more than quadrupling year-over-year and registered users exceeding 1.3 million [3]. Group 4: Strategic Vision - The acquisition is expected to generate significant synergies, enhancing Global Care's market share and accelerating new product development through Huize's technology and AI solutions [5]. - Both companies share a common mission and vision, aiming to create strategic value for partners and accelerate the digitalization of Vietnam's insurance industry [5].

SHENZHEN, China, June 11, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize", the "Company" or "we") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it will be presenting at the Emerging Growth Conference on Thursday, June 13, 2024. This live, interactive online event will give existing shareholders and the investment community the opportunity ...

SHENZHEN, China, June 11, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it will be presenting at the Emerging Growth Conference on Thursday, June 13, 2024. This live, interactive online event will give existing shareholders and the investment community the opportunity ...

SHENZHEN, China, June 07, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize", the "Company" or "we") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has partnered with PICC Property and Casualty Company Limited ("PICC P&C") to launch "WarmTreasure No.3," a customized child outpatient and emergency insurance product in the "WarmTreasure" seri ...

SHENZHEN, China, June 07, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has partnered with PICC Property and Casualty Company Limited (“PICC P&C”) to launch “WarmTreasure No.3,” a customized child outpatient and emergency insurance product in the “WarmTreasure” ser ...