Multiple Strategic Signings Secured
at Baoshun Niu’s 10th Anniversary Summit,
Empowering Precision Protection for
All Industries Through Technology
By Justin Zhang | Executive Director – China Market
Anchoring in Real-world Scenarios, Enabling Precision Protection Driven by Technology
On January 16, Baoshun Niu’s 10th Anniversary & Insurance AI Innovation Summit was successfully held. During the summit, Baoshun Niu inked a series of strategic cooperation agreements with a number of industrial organizations, national-level innovation platforms, industry associations, and domestic and foreign insurance institutions. The collaboration aims to deepen the integration of “insurance + technology + scenarios” and usher in a new chapter of precision insurance protection.
As a pioneer and leader in scenario-customized insurance, Baoshun Niu has always focused on the genuine needs of various industries. With cutting-edge technologies such as artificial intelligence, big data, and dynamic algorithms as its core driving engines, the company has built an intelligent risk management system featuring “perceptibility, predictability, and intervenability”. It provides insurance solutions that truly fit real scenarios and keep evolving, catering to all things, all scenarios, all people, and all occasions.
01 Policy Guidance: Empowering High-quality Development of the Real Economy
China’s economic development has entered a new phase centered on high quality, where industrial upgrading and technological innovation serve as the core driving forces. Against this backdrop, the national top-level design has mapped out a clear blueprint for the financial sector to precisely fuel the real economy.
Policies such as the emphasis on “scenario innovation”, “AI Plus”, and “empowering micro, small and medium-sized enterprises through financial technology” for the first time in the 15th Five-Year Plan, as well as the guidelines to “make a great article of technology finance” for fostering a positive cycle of “technology-industry-finance”, all require financial institutions to channel resources into national innovation mainstays including strategic emerging industries, advanced manufacturing, and “specialized, sophisticated, distinctive and innovative” enterprises.
Baoshun Niu’s development path is highly aligned with national strategies. By leveraging insurance technology to accurately connect strategic emerging industries and key areas related to people’s livelihood, the company puts the concept of “risk mitigation” into practice and injects resilience into the real economy.
02 Anchoring in Real-world Scenarios: Providing Precision Protection for All Industries
- Shielding “Specialized, Sophisticated, Distinctive and Innovative” Enterprises, Empowering the Electronic Information Industry
China’s electronic information industry has entered a critical stage of development. There are over 140,000 “specialized, sophisticated, distinctive and innovative” small and medium-sized enterprises nationwide, among which 14,600 are national-level “little giant” enterprises.
Nevertheless, amid high-intensity R&D, rapid iteration, and a complex market environment, these enterprises are confronted with unique risks that are not covered by traditional insurance, such as uncertainties in technological routes, R&D disruptions, and the loss of core personnel.
Baoshun Niu has joined hands with the China Electronics Chamber of Commerce to establish the “Risk Mitigation Office of the Service Center for Specialized, Sophisticated, Distinctive and Innovative Enterprises”. The office will provide member enterprises with a full-chain integrated risk mitigation service package, including risk diagnosis, insurance solution design and arrangement, personnel training, and on-site risk mitigation projects. By virtue of insurance technology, it will safeguard the independent innovation and development of technology enterprises and jointly create China’s first scientific and technological innovation risk management model centered on “intelligent electronics ecosystem & industry-service collaboration”.
- Empowering the Homology of Medicine and Food Industry, Safeguarding “Healthy China”
With the rising national awareness of health, the homology of medicine and food industry, which integrates thousands of years of traditional wisdom with modern science, is experiencing explosive growth. Meanwhile, it is faced with challenges such as difficulties in raw material traceability, complex definition of efficacy standards, and prominent liability risks of new products.
Baoshun Niu has collaborated with the National Food Safety Innovation Center to develop a series of insurance products for the homology of medicine and food industry, covering the entire category chain from raw materials of medicine-food homologous substances, innovative products to consumer terminals.
Through this cooperation, the two parties will jointly build a national benchmark in the homology of medicine and food sector, making insurance a guardian of the safety and health of the public on the tip of their tongues.
- Integrating into the “Leisure Economy”, Safeguarding the Safety of Fishing Scenarios
China has over 100 million fishing enthusiasts, and the group is becoming increasingly younger and more highly educated. This has spawned a large-scale ecosystem encompassing high-end fishing equipment, intelligent fishing gear, leisure fishing grounds, branded fishing competitions, and the integration of culture and tourism.
However, high-frequency outdoor activities, professional competitive events, and the emerging operation of fishing grounds are accompanied by unique and scattered risks.
The strategic signing between Baoshun Niu and the Chinese Angling Association will see the two parties jointly develop scenario-specific insurance products for fishing. These products will provide professional and customized risk protection for the “universally accessible and highly entertaining fishing activity” enjoyed by over 100 million enthusiasts. By adopting the “insurance + service” model, the cooperation will enhance the standardization, safety, and user experience of the entire fishing industry.
- Teaming Up with Liberty Insurance to Build a Risk Community
The strategic cooperation between Baoshun Niu and Liberty Insurance will focus on core business areas such as employers’ liability insurance and group personal accident insurance. By deeply integrating Baoshun Niu’s strengths in technology-enabled customization, AI application, and data insights with Liberty Insurance’s century-long underwriting experience and professional risk management expertise, the two parties will jointly develop innovative, technology-driven, and prevention-oriented insurance solutions.
This collaboration aims to build a closed-loop intelligent risk management system and risk mitigation solutions featuring “assessability, intervenability, and insurability”. It will drive the transformation of insurance services from traditional post-loss compensation to a proactive risk protection system with source early warning and dynamic intervention capabilities, striving to set an innovative benchmark for “insurance + technology” empowering risk mitigation in the real economy across vertical industries.
- Cooperating with KIC to Promote Global Service Layout
To better seize the transformative opportunities brought by changes in the insurance market and the rapid development of new technologies, Baoshun Niu has formed a strategic partnership with KIC, its overseas reinsurance partner. The two parties will conduct in-depth cooperation in reinsurance collaboration, insurance technology, risk control empowerment, and innovative field research, so as to provide more tailored, integrated, and resilient risk solutions for the overseas interests of Chinese-funded enterprises.
The strategic cooperation with overseas reinsurance partners is a key initiative for Baoshun Niu to deeply integrate into the international risk management system and expand its global vision. The two parties will jointly build a more resilient and globally connected global service ecosystem, providing borderless safety protection for customers around the world and enabling risk response capabilities to transcend geographical boundaries.
From safeguarding the foundation of national industries to protecting the daily health and leisure of the people; from empowering the transformation and upgrading of traditional financial partners to building a global insurance network, Baoshun Niu has continuously advanced the in-depth integration of insurance, technology, and scenarios through a series of strategic signings. It has fully integrated its independently developed full-stack insurance AI ecosystem and intelligent agent system into cooperative practices. These AI agents embedded in business processes are synergistically forming an organic ecosystem that runs through product design, risk early warning, claims settlement services, and operational efficiency improvement.
In the future, Baoshun Niu will continue to take its full-stack insurance AI ecosystem as the core engine and intelligent agents as the extended reach. By deeply cultivating the real scenarios of thousands of industries, it will empower precision protection driven by technology, keep pace with the times, achieve win-win results with partners, and write a brilliant chapter in the insurance industry.
