Strong Growth in Premiums
Operating revenue exceeded RMB 280 million, with gross written premiums and first-year premiums facilitated on the platform increasing 38% and 31% sequentially, reaching RMB 1.4 billion and RMB 730 million, respectively. Renewal premiums grew 46% sequentially to approximately RMB 710 million.
AI Integration and Cost Optimization
Huize accelerated the integration of AI across operations, which led to remarkable productivity improvements and a 29% sequential reduction in total operating expenses.
Expansion of Customized Insurance Products
Huize launched several new customized insurance products, such as Bliss No. 3 and Jin Man Yi Zu No.6, in response to increased demand for wealth protection solutions.
International Expansion Efforts
Huize's international brand, Poni Insurtech, showed strong growth with a 29% increase in policy count and a 35% increase in gross written premiums year-over-year. The company is making progress in expanding into Singapore and other markets.