Cheche Group Launches AI-Powered Underwriting Agent
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Newsfilter
- Launch of Intelligent Underwriting Agent: Cheche Group officially introduces the AI-powered underwriting agent 'ABAO Agent', built on its proprietary large language model and deeply integrated with core insurance workflows, marking a strategic shift from a digital insurance transaction platform to an AI-driven insurtech company.
- Operational Efficiency Gains: ABAO Agent is now commercially deployed at scale in auto insurance renewal scenarios, with 24/7 autonomous capabilities that allow it to execute the complete renewal workflow, significantly reducing labor and operational costs for carrier partners while ensuring service continuity.
- Building Competitive Advantage: CEO Lei Zhang stated that ABAO Agent serves as the core engine of Cheche's intelligent transformation, leveraging years of proprietary insurance data and scenario-based algorithms to create a competitive moat in intelligent risk management.
- Future Development Strategy: Cheche plans to continue integrating AI across the entire insurance lifecycle, from underwriting and pricing to claims, aiming to drive structural cost reductions for carrier partners and solidify its leadership position in NEV insurance.
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About CCG
Cheche Group Inc is a holding company principally engaged in the operation of a technology-empowered platform primarily for auto insurance transaction services. The Company conducts its business primarily through its subsidiaries. The Company is primarily engaged in the provision of services and products for digital insurance transactions and insurance software-as-a-service (SaaS) solutions to insurance carriers, insurance intermediaries, third-party platforms, referral partners and consumers. The Company's digital insurance transaction products mainly include Easy-Insur, NEV Insurance Solution, as well as insurance SaaS solution products Digital Surge and Sky Frontier. The Company principally conducts its businesses in the domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cheche Group Launches AI-Powered Underwriting Agent
- Launch of Intelligent Underwriting Agent: Cheche Group officially introduces the AI-powered underwriting agent “ABAO Agent,” which automates the entire underwriting and policy renewal process, marking a strategic shift from a digital insurance transaction platform to an AI-driven insurtech company.
- Significant Cost Efficiency: With 24/7 autonomous capabilities, ABAO Agent independently executes customer outreach, needs identification, policy follow-up, and conversion, significantly reducing labor and operational costs for carrier partners while ensuring service continuity.
- Competitive Industry Advantage: CEO Lei Zhang stated that ABAO Agent is the core engine of Cheche's intelligent transformation, leveraging years of proprietary insurance data and scenario-based algorithms to create a competitive moat, with plans to integrate AI across the entire insurance lifecycle from underwriting to claims.
- Strengthening Market Leadership: Cheche Group aims to drive structural cost reductions through ABAO Agent, solidifying its leadership position in intelligent risk management for NEV insurance, thereby enhancing market share and customer satisfaction.
See More
Cheche Group Launches AI-Powered Underwriting Agent
- Launch of Intelligent Underwriting Agent: Cheche Group officially introduces the AI-powered underwriting agent 'ABAO Agent', built on its proprietary large language model and deeply integrated with core insurance workflows, marking a strategic shift from a digital insurance transaction platform to an AI-driven insurtech company.
- Operational Efficiency Gains: ABAO Agent is now commercially deployed at scale in auto insurance renewal scenarios, with 24/7 autonomous capabilities that allow it to execute the complete renewal workflow, significantly reducing labor and operational costs for carrier partners while ensuring service continuity.
- Building Competitive Advantage: CEO Lei Zhang stated that ABAO Agent serves as the core engine of Cheche's intelligent transformation, leveraging years of proprietary insurance data and scenario-based algorithms to create a competitive moat in intelligent risk management.
- Future Development Strategy: Cheche plans to continue integrating AI across the entire insurance lifecycle, from underwriting and pricing to claims, aiming to drive structural cost reductions for carrier partners and solidify its leadership position in NEV insurance.
See More
Cheche Group Holds Extraordinary General Meeting
- EGM Outcomes: Cheche Group held its extraordinary general meeting on June 12, 2026, where all proposals were approved, marking a significant governance adjustment that is expected to enhance shareholder value and market confidence.
- Share Consolidation Plan: Shareholders approved a consolidation of every 35 shares of Class A and Class B ordinary shares into one new ordinary share, increasing the par value to $0.00035, which may strengthen the capital structure and attract more investor interest.
- Amendment of Articles: The company approved amendments to its current memorandum and articles of association to reflect the share consolidation, ensuring governance aligns with market changes and enhancing transparency and compliance.
- Strengthened Market Position: As a leading auto insurance technology platform in China with 108 branches across 25 provinces, Cheche Group is expected to solidify its market leadership through the decisions made at this EGM, driving future business growth.
See More
Cheche Group's FY 2026 Financial Outlook
- Financial Performance: Cheche Group reported a FY 2025 Non-GAAP EPS of $0.02 and revenue of $430 million, reflecting a 13.3% year-over-year decline, indicating competitive pressures in the market.
- 2026 Revenue Outlook: The company expects net revenues to range from approximately RMB 3.0 billion to RMB 3.2 billion for FY 2026, representing flat growth to an increase of about 6.7% compared to FY 2025, reflecting cautious optimism about future market conditions.
- Premium Growth Forecast: Total written premiums are projected to range from RMB 28.0 billion to RMB 30.0 billion in 2026, indicating an increase of approximately 3.7% to 11.1% compared to 2025, showcasing the company's ongoing expansion potential in the insurance market.
- New Business Development: NEV written premiums are expected to reach RMB 10.5 billion to RMB 12.0 billion, representing a substantial increase of 66.7% to 90.5%, highlighting the company's rapid growth potential in the new energy vehicle insurance sector.
See More
Cheche Group Reports 2025 Financial Highlights
- Profitability Improvement: Cheche Group achieved adjusted net income of RMB 11.6 million (USD 1.7 million) in 2025, compared to a net loss of RMB 24.8 million in the previous year, marking a significant improvement in profitability that enhances market confidence.
- Premium Growth: Total written premiums reached RMB 27 billion (USD 3.9 billion) in 2025, an 11% year-over-year increase, indicating strong demand in the electric vehicle market and an expansion of market share, further solidifying its industry position.
- Policy Issuance Increase: The company issued 20.3 million policies in 2025, up from 17.3 million the previous year, reflecting successful strategies in customer acquisition and market penetration, which are expected to drive future revenue growth.
- AI Technology Deployment: Cheche Group is actively deploying AI tools to enhance pricing, risk management, and fraud detection, which are expected to drive future growth, while partnerships with 16 AEV manufacturers strengthen market presence and improve overall operational efficiency.
See More
Cheche Group Reports Key Financial Highlights for 2025
- Revenue Growth Challenge: In 2025, Cheche Group reported net revenues of RMB 3.01 billion, a 13.3% year-over-year decrease primarily due to an increased proportion of NEV premiums, which lowered the overall insurance service fee rate, impacting revenue structure.
- Operational Efficiency Improvement: Despite the revenue decline, Cheche's gross profit increased by 1.0% to RMB 160.4 million, indicating success in optimizing business structure and enhancing gross margins, reflecting rapid expansion in the NEV market.
- Cost Control Effectiveness: Total operating expenses decreased by 19.6% to RMB 181.2 million in 2025, mainly due to reductions in staff costs and professional service fees, demonstrating the company's ability to control costs while maintaining growth.
- Profitability Enhancement: Cheche achieved a net income of RMB 7.8 million in 2025, a significant improvement from a net loss of RMB 6.4 million the previous year, showcasing the success of its business transformation and operational efficiency improvements, bolstering confidence in future growth.
See More
Cheche Group Launches AI-Powered Underwriting Agent
- Launch of Intelligent Underwriting Agent: Cheche Group officially introduces the AI-powered underwriting agent “ABAO Agent,” which automates the entire underwriting and policy renewal process, marking a strategic shift from a digital insurance transaction platform to an AI-driven insurtech company.
- Significant Cost Efficiency: With 24/7 autonomous capabilities, ABAO Agent independently executes customer outreach, needs identification, policy follow-up, and conversion, significantly reducing labor and operational costs for carrier partners while ensuring service continuity.
- Competitive Industry Advantage: CEO Lei Zhang stated that ABAO Agent is the core engine of Cheche's intelligent transformation, leveraging years of proprietary insurance data and scenario-based algorithms to create a competitive moat, with plans to integrate AI across the entire insurance lifecycle from underwriting to claims.
- Strengthening Market Leadership: Cheche Group aims to drive structural cost reductions through ABAO Agent, solidifying its leadership position in intelligent risk management for NEV insurance, thereby enhancing market share and customer satisfaction.
See More
Cheche Group Launches AI-Powered Underwriting Agent
- Launch of Intelligent Underwriting Agent: Cheche Group officially introduces the AI-powered underwriting agent 'ABAO Agent', built on its proprietary large language model and deeply integrated with core insurance workflows, marking a strategic shift from a digital insurance transaction platform to an AI-driven insurtech company.
- Operational Efficiency Gains: ABAO Agent is now commercially deployed at scale in auto insurance renewal scenarios, with 24/7 autonomous capabilities that allow it to execute the complete renewal workflow, significantly reducing labor and operational costs for carrier partners while ensuring service continuity.
- Building Competitive Advantage: CEO Lei Zhang stated that ABAO Agent serves as the core engine of Cheche's intelligent transformation, leveraging years of proprietary insurance data and scenario-based algorithms to create a competitive moat in intelligent risk management.
- Future Development Strategy: Cheche plans to continue integrating AI across the entire insurance lifecycle, from underwriting and pricing to claims, aiming to drive structural cost reductions for carrier partners and solidify its leadership position in NEV insurance.
See More
Cheche Group Holds Extraordinary General Meeting
- EGM Outcomes: Cheche Group held its extraordinary general meeting on June 12, 2026, where all proposals were approved, marking a significant governance adjustment that is expected to enhance shareholder value and market confidence.
- Share Consolidation Plan: Shareholders approved a consolidation of every 35 shares of Class A and Class B ordinary shares into one new ordinary share, increasing the par value to $0.00035, which may strengthen the capital structure and attract more investor interest.
- Amendment of Articles: The company approved amendments to its current memorandum and articles of association to reflect the share consolidation, ensuring governance aligns with market changes and enhancing transparency and compliance.
- Strengthened Market Position: As a leading auto insurance technology platform in China with 108 branches across 25 provinces, Cheche Group is expected to solidify its market leadership through the decisions made at this EGM, driving future business growth.
See More
Cheche Group's FY 2026 Financial Outlook
- Financial Performance: Cheche Group reported a FY 2025 Non-GAAP EPS of $0.02 and revenue of $430 million, reflecting a 13.3% year-over-year decline, indicating competitive pressures in the market.
- 2026 Revenue Outlook: The company expects net revenues to range from approximately RMB 3.0 billion to RMB 3.2 billion for FY 2026, representing flat growth to an increase of about 6.7% compared to FY 2025, reflecting cautious optimism about future market conditions.
- Premium Growth Forecast: Total written premiums are projected to range from RMB 28.0 billion to RMB 30.0 billion in 2026, indicating an increase of approximately 3.7% to 11.1% compared to 2025, showcasing the company's ongoing expansion potential in the insurance market.
- New Business Development: NEV written premiums are expected to reach RMB 10.5 billion to RMB 12.0 billion, representing a substantial increase of 66.7% to 90.5%, highlighting the company's rapid growth potential in the new energy vehicle insurance sector.
See More
Cheche Group Reports 2025 Financial Highlights
- Profitability Improvement: Cheche Group achieved adjusted net income of RMB 11.6 million (USD 1.7 million) in 2025, compared to a net loss of RMB 24.8 million in the previous year, marking a significant improvement in profitability that enhances market confidence.
- Premium Growth: Total written premiums reached RMB 27 billion (USD 3.9 billion) in 2025, an 11% year-over-year increase, indicating strong demand in the electric vehicle market and an expansion of market share, further solidifying its industry position.
- Policy Issuance Increase: The company issued 20.3 million policies in 2025, up from 17.3 million the previous year, reflecting successful strategies in customer acquisition and market penetration, which are expected to drive future revenue growth.
- AI Technology Deployment: Cheche Group is actively deploying AI tools to enhance pricing, risk management, and fraud detection, which are expected to drive future growth, while partnerships with 16 AEV manufacturers strengthen market presence and improve overall operational efficiency.
See More
Cheche Group Reports Key Financial Highlights for 2025
- Revenue Growth Challenge: In 2025, Cheche Group reported net revenues of RMB 3.01 billion, a 13.3% year-over-year decrease primarily due to an increased proportion of NEV premiums, which lowered the overall insurance service fee rate, impacting revenue structure.
- Operational Efficiency Improvement: Despite the revenue decline, Cheche's gross profit increased by 1.0% to RMB 160.4 million, indicating success in optimizing business structure and enhancing gross margins, reflecting rapid expansion in the NEV market.
- Cost Control Effectiveness: Total operating expenses decreased by 19.6% to RMB 181.2 million in 2025, mainly due to reductions in staff costs and professional service fees, demonstrating the company's ability to control costs while maintaining growth.
- Profitability Enhancement: Cheche achieved a net income of RMB 7.8 million in 2025, a significant improvement from a net loss of RMB 6.4 million the previous year, showcasing the success of its business transformation and operational efficiency improvements, bolstering confidence in future growth.
See More
