Recently, Cheche Technology revealed that the company has established a clear timeline for its overseas expansion strategy, planning to launch its internationalization process in the fourth quarter of 2025. The first batch of key markets will focus on Asia-Pacific and Europe, followed by expansion into the Middle East and Latin America.

Additionally, multiple insurance technology companies including Niu Wa Technology, Zbao Technology, Waterdrop Inc., Shouui Technology, and Huize Holdings have also disclosed their overseas expansion plans.

Notably, Poni Insurtech, the international brand under Huize Holdings, has recently successfully obtained Financial Advisory and Exempt Insurance Broker licenses issued by the Monetary Authority of Singapore (MAS). Lu Min, Chairman and CEO of Niu Wa Technology, which recently submitted its application to the Hong Kong Stock Exchange, has publicly stated that developing overseas markets will indeed be one of the key focus areas going forward.

**Leveraging Corporate Overseas Expansion Momentum**

Since this year, Chinese enterprises have accelerated their overseas expansion. Taking new energy vehicles as an example, according to data released by the China Association of Automobile Manufacturers, in the first seven months of this year, China exported 1.308 million new energy vehicles, a significant year-on-year increase of 84.6%.

At the 2025 interim results conference, Yu Ze, Vice President of PICC Group and President of PICC P&C, mentioned that the company will actively promote the "new energy vehicle insurance overseas expansion" project abroad as an important component of its new energy vehicle insurance strategy, further expanding sources of insurance service revenue growth.

In the first half of 2025, CPIC P&C also partnered with Mitsui Sumitomo Insurance (MSIG) and CCIB Insurance Brokers, reaching strategic cooperation agreements with multiple leading domestic new energy vehicle companies, successfully implementing multiple batches of policies in the Thai market.

Similarly, insurance technology companies have recognized this opportunity. Zhang Lei, founder and CEO of Cheche Technology (CCG), frankly stated that the company's core strategy is to "follow Chinese automotive companies going overseas."

Zhang Lei further explained that by leveraging the overseas sales networks of Chinese new energy vehicle brands, Cheche Technology can become their digital insurance solution partner, on one hand undertaking insurance demand that comes with vehicles, and on the other hand building overseas competitive advantages through technology and data accumulation.

"In terms of model, we plan to replicate the mature new energy vehicle insurance service platform model verified domestically to overseas markets, creating a hub connecting local insurance companies, dealers, vehicle manufacturers, and consumers. With the established service entry points for new energy vehicle companies, Cheche Technology can provide local insurance companies with vehicle insurance transaction portals, connect underwriting and claims interfaces, and export pricing models based on actual domestic claims experience to help local markets develop underwriting capabilities," Zhang Lei said.

Zhang Lei revealed that Cheche Technology's overseas business in 2026 will focus mainly on market development and platform implementation; as the first batch of key markets (Asia-Pacific, Europe) land and enter the scaling phase, overseas business is expected to contribute over 10% of revenue in 2027, becoming a major growth engine; by 2028, if the cooperation network matures, the proportion is expected to further increase.

Cheche Technology's first-half financial report shows that in the first half of 2025, Cheche Technology's new energy vehicle insurance new car policy volume exceeded 810,000 policies, a year-on-year increase of 135.5%, with corresponding premiums reaching 2.6 billion yuan, a year-on-year increase of 150.6%.

Long Ge, Associate Director of the Innovation and Risk Management Research Center at the University of International Business and Economics, analyzed that current insurance technology overseas expansion mainly targets global market growth potential, especially emerging markets in Asia-Pacific and Latin America where insurance penetration is low but demand is growing rapidly. Meanwhile, policies in multiple countries encourage fintech innovation, providing favorable entry environments.

**AI Empowerment: Niu Wa and Shouui Plan Overseas Expansion**

The "AI in ALL 2025 Enterprise Overseas Expansion White Paper" jointly released by Tencent Cloud and Xialight Society points out that Chinese enterprises' overseas expansion is experiencing unprecedented digital transformation and growth opportunities. In 2025, domestic AI is experiencing phenomenal growth, leading globally driven by dual engines of technological capabilities and business models. Whether AI Agent empowering business efficiency leaps or AIGC restructuring content production models, from industrial depth to product innovation, from personalized services to cross-regional adaptation, AI is becoming a new growth engine for Chinese enterprises going overseas.

Wang Min, Executive Vice President and Board Secretary of ZhongAn Insurance, stated at the recent Bund Conference: "AI is driving a profound structural transformation in the industry. The core of commercial value is no longer limited to software tools themselves, but increasingly reflected in directly delivering business results through AI."

Notably, Niu Wa Technology, an AI technology company incubated by ZhongAn Insurance, recently launched its Hong Kong Stock IPO. The company positions itself as China's largest independent AI technology company. It primarily uses multi-agent systems "Alamos" and "Lop Nur" to provide AI underwriting and AI claims solutions. As of the end of 2024, over 90 insurance companies have adopted its solutions, including eight of the top ten insurers by premium income in 2024.

Lu Min, Chairman and CEO of Niu Wa Technology, previously revealed in interviews that "developing overseas markets will be one of our subsequent focus areas, and we will consider gradually replicating our technological capabilities to certain overseas markets more suitable for Chinese companies."

Long Ge pointed out that China currently has leading technological application advantages, and insurance technology companies' experience in digital payments, risk control models, and other areas can be replicated overseas. Additionally, saturated domestic competition has driven insurance technology companies to seek overseas growth opportunities.

Similarly, Guang Yao, founder and CEO of Shouui Technology, the parent company of Xiaoyusan Insurance Brokers, stated in response to interview questions: "In our strategic planning, achieving growth through mergers, acquisitions, and overseas expansion is one of our clear development directions."

He pointed out that while specific internationalization strategy details (such as preferred markets, models, etc.) are still being planned and explored, the company will prudently evaluate overseas market opportunities and challenges, seeking development paths that synergize with the group's existing advantages and capabilities, hoping to carve out new growth curves in the global insurance market.

Shouui Technology's interim results report shows that in the first half of 2025, Shouui Group continued to maintain technology investment, fully launching AI product configuration platforms, achieving parametric configuration and visual orchestration of insurance products.

**Huize and Zbao Deploy Overseas "Forces"**

In fact, besides Cheche Technology, Niu Wa Technology, and Shouui Technology, many other insurance technology companies have already taken the lead in entering overseas markets to "strike gold." An industry insider pointed out that insurance technology companies going overseas can open new revenue channels and escape homogeneous competition domestically.

In April 2025, a previous interview revealed that Zbao Technology's Malaysian Labuan reinsurance subsidiary successfully obtained local reinsurance licenses in 2025 and will commence operations.

Luo Xiao, co-founder and CMO of Zbao Technology, further revealed more complete overseas plans, stating: "Overseas markets will start with Southeast Asia and gradually expand to mainstream regions like Europe and America. Leveraging international resources and advantages, we will provide multilingual, multi-currency insurance brokerage services for cross-border enterprises and foreign nationals, helping them address risk challenges in cross-border operations and life. During overseas market expansion, we will flexibly choose cooperation and deployment methods based on different regions' market characteristics and regulatory environments, deepen connections with local markets, and gradually expand our international service footprint."

Long Ge believes that Zbao Technology's synergy between reinsurance and brokerage business in Southeast Asia has led to significant revenue growth; embedded insurance and other models easily acquire customers in overseas blank markets, helping optimize profit models.

Waterdrop Inc. (WDH) established a licensed insurance brokerage company in Hong Kong in 2023 - Waterdrop Finance. Shen Peng, founder and CEO of Waterdrop Inc., pointed out that over the past two years, Waterdrop Inc. has established a mature and comprehensive insurance brokerage service system and cooperation network in Hong Kong. Moving forward, the company will also learn from mainland business experience to explore innovation points in products and operations. Looking ahead, Waterdrop Inc. will further develop international business and continue to focus on user pain points and technology empowerment opportunities in overseas insurance markets.

Additionally, Ma Cunjun, Chairman and CEO of Huize Holdings (HUIZ), stated during this year's annual report period that Huize is steadily advancing plans to enter Singapore and the Philippines within the next 12 months, striving to achieve the goal of international business revenue accounting for 30% by 2026.

Regarding current overseas expansion progress, Ma Cunjun, Chairman and CEO of Huize Holdings, revealed: "Huize's international brand Poni Insurtech has successfully obtained Financial Advisory and Insurance Broker licenses issued by the Monetary Authority of Singapore (MAS). Meanwhile, in the second quarter, the Vietnamese subsidiary Global Care achieved over 30% year-on-year growth in both premiums and total revenue."

He stated that in the future, Huize will use AI as the core engine to reshape China's insurance industry ecology and operational processes while continuously focusing on market potential in different Southeast Asian countries, actively exploring the export of Chinese solutions for digital insurance services.