New LaunchJun 24, 2026, 09:02 AM
Cheche Group Launches AI-Powered 'Cheche Score' for NEV Insurance
AI Summary
Cheche Group Inc. announced the launch of "Cheche Score," a proprietary AI-powered dynamic pricing model for new energy vehicle (NEV) insurance. This solution integrates multi-dimensional data and over 200 risk indicators to create a five-tier risk segmentation system, enabling individualized and dynamic pricing for NEVs. The platform is fully commercialized across multiple Chinese cities and has already shown improvements in policy renewal conversion rates and reduced underwriting costs through partnerships with major insurance carriers.
Key Highlights
- Launched "Cheche Score," a proprietary AI-powered dynamic pricing solution for new energy vehicle (NEV) insurance.
- Integrates NEV driving characteristics, real-time driving behavior, and over 200 dynamic risk-control indicators.
- Establishes a five-tier risk segmentation system (A to E) for individualized risk ratings.
- Enables per-vehicle dynamic pricing, replacing traditional broad-brush actuarial approaches.
- Fully commercialized and functioning across multiple cities in China.
- Entered into AI-powered renewal cooperation agreements with several large insurance carriers.
- Delivered sustained improvements in policy renewal conversion rates and lowered per-policy underwriting costs.
- Reduced the end-to-end application process to mere seconds.
Price Impact
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