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On September 16, Nuanwa Insight Technology Co., Ltd., one of the largest independent AI technology companies in the Chinese insurance industry, officially submitted its listing application to the Hong Kong Stock Exchange. The prospectus disclosed that by the end of 2024, Nuanwa Technology's solutions had been adopted by over 90 insurance companies. By the first half of 2025, Nuanwa Technology had executed over 200 million underwriting review and claims investigation cases. The financial report shows that the company achieved compound annual growth rates of 65.5% in revenue, reaching 340 million yuan, 650 million yuan, and 940 million yuan from 2022 to 2024 respectively. During the same period, the company incurred net losses of 223 million yuan, 240 million yuan, and 155 million yuan (China Fund News).
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