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Huize Holding Limited American Depositary Shares - HUIZ STOCK NEWS

Welcome to our dedicated page for Huize Holding American Depositary Shares news (Ticker: HUIZ), a resource for investors and traders seeking the latest updates and insights on Huize Holding American Depositary Shares stock.

Huize Holding Limited (NASDAQ: HUIZ) is a premier digital insurance product and service platform catering to new-generation consumers in China. The company operates an independent online platform that distributes insurance products underwritten by its partnered insurance companies. These insurer partners rely on Huize to connect with a large clientele through various internet and mobile channels.

Huize offers a digitalized insurance purchasing experience, backed by AI-powered tools and data-driven insights. The platform supports the entire insurance life cycle, from consultation, user engagement, marketing, and risk management to claims services. The company targets mass affluent consumers, providing a comprehensive range of insurance products and one-stop services that streamline the transaction process.

Recent achievements include the launch of products like “Darwin Critical Care No.9” and “i Wu You – Low-Threshold Edition,” which are designed to provide extensive coverage and flexible options for customers with various health conditions. The company also recently announced its participation in the 14th Annual LD Micro Invitational, reflecting its active engagement in the financial community.

Financially, Huize generates revenue from the brokerage fees paid by its insurer partners. The company's strong focus on leveraging technology and data analytics has positioned it as a leader in the insurance technology sector in China. Partnerships with prominent insurance carriers further bolster its market position, enabling it to offer innovative and customer-centric products.

For the latest updates and more information, please visit Huize’s Investor Relations page.

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Huize Holding has partnered with Hongkang Life Insurance to launch a customized retirement annuity insurance product called 'Jin Man Yi Zu No.5'. The product offers high returns, flexibility in payout options, and a low eligibility threshold. Huize aims to meet the growing demand for retirement planning products in the Chinese market.
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Huize Holding partners with Junlong Life to launch 'Guardian Critical Care No.6' insurance product
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Huize Holding partners with Dingcheng Life to launch 'Xiao Tao Qi No.2', an enhanced child critical illness insurance product offering extensive coverage for 190 illnesses and increased hospitalization allowances. The product includes ICU cash benefits and six optional benefits. Huize aims to meet the comprehensive protection needs of families with children.
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Huize Holding Limited, a leading digital insurance platform in China, announced its unaudited financial results for Q2 2023. Gross Written Premiums increased by 58.0% YoY to RMB1,377.7 million, while First-year premiums increased by 85.2% YoY to RMB897.9 million. Operating expense-to-revenue ratio improved to 31.6%. Net profit was RMB14.1 million, and non-GAAP net profit was RMB19.0 million. The company serves approximately 8.9 million insurance clients and cooperates with 110 insurer partners.
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Huize Holding Limited (NASDAQ: HUIZ) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. SEC on April 19, 2023. The report is accessible on the SEC’s website and the Company’s investor relations site. Huize is a leading digital insurance platform in China, focusing on providing life-long insurance solutions for younger consumers. The company enhances insurance services through a digitalized experience, including product recommendations, intelligent underwriting, and claim assistance. This positions Huize as a crucial player in the fragmented insurance retail market in China.

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FAQ

What is the current stock price of Huize Holding American Depositary Shares (HUIZ)?

The current stock price of Huize Holding American Depositary Shares (HUIZ) is $0.64 as of November 22, 2024.

What is the market cap of Huize Holding American Depositary Shares (HUIZ)?

The market cap of Huize Holding American Depositary Shares (HUIZ) is approximately 31.7M.

What is Huize Holding Limited?

Huize Holding Limited is a leading digital insurance product and service platform in China, connecting consumers with insurance carriers through data-driven and AI-powered solutions.

How does Huize generate revenue?

Huize generates revenue through insurance brokerage fees paid by its insurer partners.

What kind of insurance products does Huize offer?

Huize offers a wide range of insurance products, including life insurance, health insurance, and critical illness insurance, tailored to various consumer needs.

Who are Huize's insurer partners?

Huize partners with multiple insurance companies in China to distribute their products and services through its digital platform.

What recent products have Huize launched?

Recently, Huize launched 'Darwin Critical Care No.9' and 'i Wu You – Low-Threshold Edition,' offering extensive coverage and flexible options.

How does Huize leverage technology in its services?

Huize uses AI, data analytics, and digital capabilities to enhance insurance consultation, user engagement, marketing, risk management, and claims services.

What is the target market for Huize?

Huize primarily targets mass affluent consumers in China, offering products and services that address their life-long insurance needs.

What recent events has Huize participated in?

Huize recently announced its participation in the 14th Annual LD Micro Invitational, showcasing its engagement with the financial community.

Where can I find more information about Huize?

For more information, please visit Huize's Investor Relations page at http://ir.huize.com.

How can I contact Huize for investor or media inquiries?

For investor inquiries, contact Harriet Hu at investor@huize.com. For media inquiries, reach out to mediacenter@huize.com.

Huize Holding Limited American Depositary Shares

Nasdaq:HUIZ

HUIZ Rankings

HUIZ Stock Data

31.74M
42.94M
13.42%
0.06%
0.24%
Insurance Brokers
Financial Services
Link
United States of America
Shenzhen