Neusoft Group to Invest RMB 200 Million in New Property & Casualty Insurer Focused on Health and Internet-Enabled Insurance Products

Neusoft Group announced on the evening of December 25 that it plans to establish Rongsheng Property & Casualty Insurance Co., Ltd. (provisional name) together with seven shareholders, including Hanhua Financial Holding and Liaoning State-owned Assets Company. The registered capital of the property and casualty insurance company will be RMB 1 billion, of which Neusoft will contribute RMB 200 million, accounting for 20% of the total share capital.

Equity and Shareholder Information:

Other shareholders proposed to participate in the establishment of the property insurance company also include Hanhua Financial Holding Co., Ltd., Liaoning State-owned Assets Operation Co., Ltd., Shanghai Hongjiu Industrial Group Co., Ltd., Liaoning Dongli Industrial Group Co., Ltd., and Benxi Steel Group Co., Ltd.

Company, Dalian Huineng Investment Holding Group Co., Ltd., etc.

In terms of equity structure, the Company, Hanhua Financial Holding Co., Ltd., and Liaoning State-owned Assets Operation Company are proposed to be the joint largest shareholders of the property insurance company, each holding a 20% equity stake. Among them, Hanhua Financial Holding was listed on the Hong Kong Stock Exchange in 2014, becoming China’s first inclusive financial institution to list in Hong Kong by integrating credit guarantee and SME lending businesses, and is currently one of the largest private inclusive financial service groups in China; Liaoning State-owned Assets Operation Company is the sole state-owned capital operation platform within Liaoning Province designated by the Liaoning Provincial People’s Government.

Specific Business Areas of Property and Casualty Insurance Companies:

According to the announcement, the insurance company established through this initiative will expand its insurance business by leveraging the innovative “Internet Plus” business model. Based on big data analytics, it will identify and guide insurance demand while enabling segmentation and personalization of products and services. In integration with the company’s existing operations, it will develop innovative insurance products such as “Driving Behavior Analysis/Internet of Vehicles (IoV) + Auto Insurance,” “Health Management + Health Insurance,” and “Internet + Inclusive Finance.” By adopting an Online-to-Offline (O2O) operational model, the company aims to rapidly enter niche segments of the insurance industry.

Neusoft Group stated that, through this investment, the company will fully leverage its extensive data reserves and industry advantages accumulated in the fields of automotive electronics/internet of vehicles (IoV) and healthcare, accelerate business model innovation, and fully unlock its capabilities in internet technologies, big data, and cloud computing. This will create synergies with Neusoft’s existing core businesses and drive value realization for these established operations.

According to statistics, in 2015From January to August, China's premium income increased by approximately 20% year-on-year, with its market size rising to the third largest globally.This investment marks a strategic expansion by Neusoft from the solutions and services sector into the financial insurance domain, driving the diversification of the company’s business development.