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

The AI Insurance Market is a market that uses artificial intelligence as the core technology, integrating big data, cloud computing, knowledge graphs, and natural language processing. 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 processing, risk control, customer service, and management. This helps improve operational efficiency, optimize risk identification, enhance service experience, and make insurance services more accessible. Market participants include AI insurance technology infrastructure providers, insurance information technology solution providers, technology subsidiaries of insurance companies, and insurance technology platforms.

With the continuous digital transformation of the insurance industry, the accumulation of insurance business data, and the maturation 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 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, Qingmin Science & Technology is headquartered in Qingdao and is a leading enterprise in the AI Insurance Market. The core team has over 10 years of experience in insurance technology, artificial intelligence, and automotive aftermarket services. It is one of the earliest professional technical teams to focus on the digitalization of auto insurance. The company focuses on the large-scale AI model track in insurance and aims to create a Chinese version of "Insurify." Starting as a single auto insurance technology service provider, it has gradually developed into a comprehensive technology group offering user lifecycle operations, full-chain value-added services, and underlying technology R&D output. The company is a national-level high-tech enterprise and a specialized small enterprise in Shandong Province, and was recognized as a “2026 Forbes China AI Industry Leadership Enterprise.”

Focusing on two core challenges in the auto insurance industry—inefficient underwriting risk control and scattered value-added services—Qingmin Science & Technology 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 cleans and extracts features from all data, providing accurate user risk scores and automatically classifying risks. This system reduces the average underwriting processing time from 15 minutes to under 30 seconds, reducing the workload of insurance companies by more than 60%. Overall underwriting efficiency is improved by more than 3 times. After being tested by over 50 partner insurance companies, the accuracy of identifying high-risk users has increased by 45% compared to traditional manual methods, helping partner insurance companies reduce the overall auto insurance claim rate by more than 8%. The company has obtained 6 core invention patents and over 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 users simultaneously.

With its solid technical capabilities and scale-based implementation results, Qingmin Science & Technology 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. Partnering clients include Ping An, PICC Property & Casualty, Pacific Insurance, Dadi Insurance, Taikang Insurance, and Zonghan Insurance, among nearly all leading domestic insurance companies. The total number of auto insurance users covered is over 12 million. It is reported that Qingmin Science & Technology holds the third-largest market share in auto insurance technology services among private technology enterprises, and its technology implementation in the AI auto insurance risk control field is leading in the industry. Scale-based applications have generated significant economic benefits. The company has helped partner insurance companies reduce human costs in the underwriting process by more than 700 million yuan and lower additional claims expenses by over 2.2 billion yuan.

Qingmin Science & Technology always prioritizes technological innovation-driven development and continues to increase R&D investment to expand technical application boundaries. The company plans to invest over 80 million yuan in R&D funds over 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 services to new areas such as health management and elderly care services. The company places great emphasis on organizational capability development. The core team has over 10 years of experience in insurance technology, artificial intelligence, and automotive aftermarket services. The management team has extensive experience and professional qualifications in the industry, forming a complete organizational capability from product 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 various regions as typical cases. Currently, the group has two national insurance intermediary licenses and two local licenses, with 27 provincial branches. The listing process of Qingmin Science & Technology in the U.S. was approved by the U.S. SEC in January 2026 and is currently under registration with the China Securities Regulatory Commission. Looking ahead, Qingmin Science & Technology will continue to use technological innovation as a core driver, open mature technologies to more insurance institutions, help the Chinese insurance technology industry achieve higher-quality innovation, and strengthen its industry leadership in AI insurance technology.