GIL 2026 | Frost & Sullivan awards Frost & Sullivan China AI Insurance Technology Innovation Leadership Award to Qingmin Science & Technology

The AI Insurance Market refers to a market where artificial intelligence is used as the core technology, integrating big data, cloud computing, knowledge graphs, and natural language processing technologies. Through data governance, model development, insurance system construction, and operational services, intelligent capabilities are applied throughout the entire life cycle of insurance, including product design, marketing, underwriting, claims handling, risk control, customer service, and management. This aims to improve operational efficiency, optimize risk identification, enhance service experience, and make insurance services more accessible. Market participants mainly include AI insurance technology infrastructure providers, insurance information technology solution providers, technology subsidiaries of insurance institutions, and insurance technology platforms.

With the continuous digital transformation of the insurance industry, the accumulation of insurance business data, and the rapid development of technologies such as generative artificial intelligence, the application value of artificial intelligence in insurance scenarios has become more prominent. At the same time, requirements for data security, privacy protection, algorithm governance, and model interpretability have increased, driving AI insurance technology toward compliance, platformization, and scale. As a result, the AI Insurance Market has gradually formed clear market boundaries and industrial chain divisions, becoming an important niche market that promotes digital, intelligent, and online transformation in the insurance industry.

Established in 2018 and headquartered in Qingdao, Qingmin Science & Tech is a leading enterprise in the AI Insurance Market. The core team members all have over 10 years of experience in insurance technology, artificial intelligence, and after-sales vehicle service fields. It is one of the earliest professional technical teams in China to focus on the digitalization of vehicle insurance. The company focuses on the AI large model track in insurance and aims to create a Chinese version of "Insurify". Starting as a single vehicle insurance technology service provider, it has gradually developed into a comprehensive technology group that offers user life-cycle operations, full-chain value-added services, and underlying technology R&D output. The company is currently a national-level high-tech enterprise and a specialized and innovative small enterprise in Shandong Province, and has been recognized as a "2026 Forbes China AI Industry Development Leading Enterprise".

Focusing on two core challenges in the vehicle insurance industry—inefficient and inaccurate underwriting risk control and scattered value-added service scenarios—Qingmin Science & Tech has established a complete business system consisting of "core AI technology foundation + full-scenario service ecosystem + customized solutions". In the field of AI risk control, the company’s self-developed AI risk assessment system is the first in China to integrate three dimensions: static vehicle data, dynamic driving behavior, and scenario risk factors. Through deep learning algorithms, it performs full-dimensional data cleaning and feature extraction, generating accurate user risk score values and automatically classifying risk levels. This system reduces the average underwriting processing time from 15 minutes to under 30 seconds, allowing insurance companies to reduce more than 60% of manual workload and improving overall underwriting efficiency by more than 3 times. After being verified by over 50 cooperative insurance companies, the accuracy of identifying high-risk users has increased by 45% compared to traditional manual methods, helping cooperative insurance companies reduce the overall vehicle insurance claim rate by more than 8%. According to the company, it has obtained 6 core invention patents and more than 40 software copyrights. With ISO 9001 quality management system, ISO/IEC 27001 information security management system, and ISO 20000 certification, it is one of the few insurance technology enterprises in China capable of serving millions of concurrent users.

With solid technical capabilities and scale-based implementation results, Qingmin Science & Tech continues to gain widespread recognition from the industry and customers. As of 2026, the company’s technologies and services have been widely applied in over 50 insurance companies across the country. Cooperative customers include almost all leading domestic insurance companies such as Ping An, PICC Property & Casualty, Pacific Insurance, Dadi Insurance, Taikang Insurance, and Zhongan Insurance. The total number of vehicle insurance users covered by the company exceeds 12 million. It is reported that the market share of Qingmin Science & Tech’s vehicle insurance technology services ranks among the top three in private technology enterprises nationwide, and its technology implementation scale in the AI vehicle insurance risk control field is leading in the industry. Scale-based applications have generated significant economic benefits. The company has helped cooperative insurance companies reduce human cost in the underwriting process by more than 700 million yuan and lower additional claims expenses by more than 2.2 billion yuan.

Qingmin Science & Tech always adheres to innovation-driven development and continues to increase R&D investment to expand technological application boundaries. The company plans to invest over 80 million yuan in R&D funds in the next three years to further improve the accuracy of AI risk assessment models, explore new technical directions such as exclusive risk control models for new energy vehicles and intelligent risk control for commercial vehicles, and continuously update the full-scenario value-added service ecosystem to extend service coverage to new areas such as health management and elderly care services. The company places great emphasis on organizational capability building. The core team members all have over 10 years of experience in insurance technology, artificial intelligence, and after-sales vehicle service fields. The management team possesses senior experience and professional qualifications in the industry, forming a complete organizational capability from product research and development, technology delivery to market services. The company’s innovation achievements have won multiple industry awards, including the 2024 Qingdao Artificial Intelligence Excellent Application Case, the 2025 Shandong Province Insurance Innovation Demonstration Project, and the 2026 Zhongguancun Digital Economy Industry Alliance Digital Transformation and Empowerment Excellent Case. Relevant technical experiences have been promoted by insurance industry associations in many regions as typical cases to the entire industry. Currently, the group holds two national insurance intermediary licenses and two local licenses, with 27 provincial branches. The listing process of Qingmin Science & Tech as a subsidiary of a U.S. company was approved by the U.S. SEC in January 2026 and is currently under registration with the China Securities Regulatory Commission. Looking to the future, Qingmin Science & Tech will continue to take technological innovation as the core driver, open mature technologies to more insurance institutions, help the Chinese insurance technology industry achieve higher-quality innovation development, and consolidate its industry leadership in AI insurance technology.