Huize completes acquisition of Global Care to expand into Southeast Asia
07/01/24, 2:26 AM
Location
Industry
insurance
insurance
information technology
Huize, a leading InsurTech provider, has successfully acquired Global Care, an InsurTech company based in Vietnam. This acquisition marks the first step in the global expansion of Huize’s new international brand Poni Insurtech, as Southeast Asia offers significant market parallels to China in terms of rapidly growing economies, large and young demographics, urbanizing middle-class populations, and increasing demand for digital insurance solutions.
Company Info
Location
Shenzhen, Guangdong Province, China
Company info
Huize Holding Limited (NASDAQ: HUIZ) is a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China. Targeting mass affluent consumers, Huize is dedicated to serving consumers for their life-long insurance needs. Its online-to-offline integrated insurance ecosystem covers the entire insurance life cycle and offers consumers a wide spectrum of insurance products, one-stop services, and a streamlined transaction experience across all scenarios. By leveraging AI, data analytics, and digital capabilities, Huize empowers the insurance service chain with proprietary technology-enabled solutions for insurance consultation, user engagement, marketing, risk management, and claims service.