Group 1 - The core viewpoint of the article highlights the transformative impact of AI technology on the insurance industry, particularly in the context of China's scenario insurance market, which is projected to grow from 53.1 billion yuan in 2020 to 93.2 billion yuan by 2024, with a compound annual growth rate (CAGR) of 12.1%, and expected to reach 164.9 billion yuan by 2029 [1] - The growth in the insurance market is attributed to AI's ability to integrate fragmented scenario data, enabling insurance companies to achieve proactive risk identification, dynamic pricing, and customized product design [1] - A significant challenge for the industry is the need for standardized data quality and credibility, necessitating the establishment of a regulated data architecture for scalable integration and compliance management, alongside transparent data governance to rebuild customer trust [1] Group 2 - Bai Ge Online (Xiamen) Digital Technology Co., Ltd. operates under the "scenario as a service" concept, providing technology-enabled insurance intermediary services to partners and insurance companies, generating revenue from insurance transaction services, precision marketing, digital solutions, and TPA services [1] - Bai Ge Online is positioned as a "digital connector" within the insurance ecosystem, collaborating deeply with upstream insurance companies and downstream scenario partners across various sectors to meet diverse risk management needs [2] - The company has built a vast risk data network, comprising over 381 million insured profiles, 76 scenario data dimensions, 224,500 claims reports, and 8.9 billion policy records, supporting a data foundation that covers nine major ecosystems [2] - Bai Ge Online's model is driven by machine learning with six MaaS support models, enabling automated insights for risk perception, prediction, control, and protection, facilitating data-driven decision-making [2] - The company successfully passed the Hong Kong Stock Exchange hearing on December 23, 2025, potentially becoming the first AI concept stock in the domestic insurance industry, marking a new development phase and underscoring the inevitable trend of digital transformation in the insurance sector [2]