Chinese independent insurance AI technology company Nuanwa Insights goes public in Hong Kong

On September 16, one of China's largest independent AI technology companies in the insurance industry, Nuanwa Insight Technology Co., Ltd., officially submitted its listing application to the Hong Kong Stock Exchange. The prospectus disclosed that as of the end of 2024, Nuanwa Technology's solutions have been adopted by over 90 insurance companies. By the first half of 2025, Nuanwa Technology has cumulatively executed over 200 million underwriting reviews and claims investigation cases. Financial reports show that from 2022 to 2024, the company achieved operating revenues of 340 million yuan, 650 million yuan, and 940 million yuan, with a compound annual growth rate of 65.5%; during the same period, net losses were 223 million yuan, 240 million yuan, and 155 million yuan, respectively