CHECHE

On September 4, 2020, the third China Times Insurance Technology summit was held in Beijing. The theme of the summit was 'The Rational and Prosperous Road of Insurance Industry'. Leaders and entrepreneurs from regulatory authorities and InsurTech industry discussed and shared opinions on the theme during the summit.

The summit awarded enterprises that have made outstanding contributions in technological innovation, customer service innovation and online health insurance innovation. With its development and impact in the InsurTech industry in the past many years, Cheche Technology has won the Insurance Technology Innovation award. Mr. Zhou Jianxiang, CTO of Cheche Technology, attended the roundtable forum and discussed with other insurance experts about how technology will reshape the new model of Insurance ecosystem.

Mr. Zhou Jianxiangmentioned at the roundtable forum that recently the most influential event for the insurance industry is the comprehensive reform of auto insurance in September, which not only brings many opportunities, but also will significantly impact the industry. The impact mainly includes the following three points: to reduce premiums, to improvecoverage, and to enhance value-added services.

The decline of insurance premium and changes in auto insurance productswill have significant impact on the Insurance ecosystem and the automobile industry.

For insurance companies, the comprehensive reform will test their risk management and pricing capability, which will also promote the in-depth enablement of InsurTech companies to the insurance industry. As an InsurTech company, Cheche Technology is the cornerstone of the insurance industry and can share its data and technology with theindustry. Meanwhile, the use of blockchain and other emerging Internet technologies can enable the industry and also protect the privacy and security of users in the future.