Aibao launches in China

Audatex parent company, Solera Holdings, has invested with China Domestic Partners to launch new AI Insurance Technology company, Aibao Insurance Technology Co., Ltd. in Beijing.

Aibao Insurance Technology’s received investments totalling RMB 200 million from PICC Financial Services, Bitauto, 58 Group, and Solera Holdings (United States).

Solera’s APAC COO & Audatex APAC managing director, Brian Seldessm said, ‘China as one of the fastest growing insurance markets in the world, has always been a strategic landscape in Solera’s global footprint. In fact, we established our presence in China through our biggest children company Audatex since 2007.

‘Being at the forefront of technology innovation, we have always been a pioneer in digitalization. Audatex has helped many insurers to optimize workflow, increase efficiency and work effectiveness in millions of cases through our data capability and technology. As part of our mission, we continuously look for ways to further help our insurance clients. That’s how we see the biggest value in Aibao Insurance Technology. Based on its AI technology development, we believe Aibao can be a game changer to the industry, bringing more competencies to local insurer and significantly advance local practice.’