中国最大独立保险AI科技公司拟赴港IPO，CEO曾任职阿里云、上海保交所

Core Viewpoint - Warmwa Technology has submitted its listing application to the Hong Kong Stock Exchange, positioning itself as the largest independent AI technology company in China's insurance industry [1][4]. Company Overview - Warmwa Technology was established in 2018 and has received multiple rounds of financing from funds such as Sequoia China and Longfor Capital. ZhongAn Online is the largest institutional shareholder, holding 31.65% [2][4]. - The CEO, Lu Min, has over 20 years of experience in the insurance technology sector and has previously held significant positions in companies like Alibaba Cloud and Shanghai Insurance Exchange [2][4]. Market Position - According to Frost & Sullivan, Warmwa Technology is the largest independent AI technology company in China's insurance industry based on the number of insurance cases processed in 2024. It is also the largest AI technology company with full-stack risk analysis capabilities in the health insurance sector [4]. - As of December 31, 2024, Warmwa Technology's solutions have been adopted by 90 insurance companies, including eight of the top ten insurance companies in China by premium income [4]. Financial Performance - The company's revenue for 2022, 2023, and 2024 was 345 million, 655 million, and 944 million respectively, with a compound annual growth rate of 65.5%. Net losses for the same years were 223 million, 240 million, and 155 million [5]. - In the first half of 2025, Warmwa Technology achieved a revenue of 431 million, slightly up from 427 million in the same period last year, with a net loss of approximately 100 million [5]. Product Offering - Warmwa Technology provides advanced AI-driven risk analysis solutions that optimize the workflow from underwriting to claims settlement for insurance clients. The two core intelligent systems, "Alamos" and "Robor," are responsible for underwriting and claims solutions respectively [5].