Abao Insurance Yanxuan
Abao Insurance Yanxuan is an AI-driven insurance service platform, subsidiary of Beijing Cheche Technology, that helps Chinese families configure and maintain insurance coverage across 50+ carrier partners via 161 branches in 23+ provinces.
- Company typePrivate
- Founded2017
- HeadquartersNot explicitly disclosed, China
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
Abao Insurance Yanxuan firmographics
Firmographics- Name
- Abao Insurance Yanxuan
- Legal name
- 车车保险销售服务有限公司
- Website
- https://abaobaoxian.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Abao Insurance Yanxuan is an AI-driven insurance service platform, subsidiary of Beijing Cheche Technology, that helps Chinese families configure and maintain insurance coverage across 50+ carrier partners via 161 branches in 23+ provinces.
- Ownership category
- akta.pro rank
Abao Insurance Yanxuan industry classification
Industry- Product category
- Insurance Brokerage and Advisory Services
- NAICS
- Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)
Keywords
Where Abao Insurance Yanxuan is headquartered
LocationHeadquarters
- HQ city
- Not explicitly disclosed
- HQ country
- China
- HQ region
- Asia
Offices1 record
Markets served
Abao Insurance Yanxuan business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Agency Commissions: Earns commissions from 50+ partner insurance companies by acting as an insurance agent, selling their products and collecting premiums on their behalf. Revenue comes from agency fees for product sales, premium collection, and claims assistance.
- Professional Consulting Services: Provides professional and objective family private insurance consulting services including pre-underwriting analysis, policy diagnosis, claims assistance, and ongoing保全services, generating service fees.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
Abao Insurance Yanxuan product offering
Product offeringCore offering
Abao Insurance Yanxuan is an AI-driven insurance service platform that operates as a licensed insurance agent, aggregating products from 50+ partner insurance companies. It provides Chinese families with personalized insurance consultation, risk identification, product matching, pre-underwriting analysis, policy diagnosis, and ongoing claims assistance through dedicated family insurance consultants and an AI-powered recommendation engine. The platform delivers one-stop services covering consultation, policy purchase, and post-claims support across 161 branches in 23+ Chinese provinces.
Differentiator
Problem solved
Functional benefit
Products and services
- Family Protection Customization Service Comprehensive screening and identification of family protection risks based on family basic information, member health status, and existing coverage. Analyzes and compares insurance products across the entire network of 50+ partner insurers to configure optimal high cost-performance protection plans for Chinese families.
- Family Historical Policy Diagnosis Service Comprehensive evaluation of existing insurance protection configuration for a family. Diagnoses coverage gaps in current policies, determines whether policy configuration is reasonable, identifies overlapping coverage across multiple policies, and provides rationalization suggestions to maximize family protection benefits.
- Pre-Underwriting/Insurance Analysis Service Based on family members' medical history and current health conditions, the platform selects optimal insurance products from various partner companies and provides pre-underwriting services to help families configure the most cost-effective protection plans and avoid coverage rejection.
- Follow-up Value-Added Services Senior advisors, underwriters, and a claims team provide full-process follow-up services including claims assistance, claims rights protection guidance, legal aid, annual policy reviews, and payment reminders for ongoing policy maintenance.
- Family Private Insurance Advisor Service Dedicated family insurance advisor teams with 8+ years of industry experience provide one-on-one personalized insurance consultation, product analysis, and configuration services. Advisors hold formal insurance agency qualifications and have analyzed nearly 1,000 insurance products.
Quantifiable outcome
- Save families 50%+ on insurance premiums through optimized product matching
- +2 more outcomes
Companies that use Abao Insurance Yanxuan
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Abao Insurance Yanxuan technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Abao Insurance Yanxuan partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- PICC (People's Insurance Company of China)coreHeadquarters-level strategic cooperation with one of China's largest insurance companies, enabling product distribution and joint service offerings for family insurance needs
- China Pacific Insurance (CPIC)coreStrategic partnership with China Pacific Insurance for product distribution and co-service delivery across family insurance segments
- China Life Insurance (CLPC)corePartnership with China Life providing access to life and health insurance products for family protection solutions
- China Taiping InsurancecoreCooperation with China Taiping Insurance for comprehensive insurance product offerings and claims support
- China Reinsurance (CIC)corePartnership with China Re for reinsurance-backed product offerings and risk management services
- ZhongAn InsurancecoreStrategic partnership with ZhongAn Insurance for digital-first insurance product distribution
- Sunshine Insurance GroupcorePartnership with Sunshine Insurance for comprehensive family insurance product access
- Dajia InsurancecoreCooperation with Dajia Insurance for product distribution and service network expansion
- Funde InsurancecorePartnership with Funde Insurance for family insurance product distribution
- Tian InsurancecoreStrategic cooperation with Tian Insurance for insurance product offerings
- Continent InsurancecorePartnership with Continent Insurance for family insurance product access
- Zhejiang Knowledge Innovation (ZKI)coreCooperation with ZKI for specialized insurance product distribution
- Parent Company: CheChe Insurance Sales Service Co., Ltd.coreAbao Insurance Yanxuan is a subsidiary of CheChe Insurance Sales Service Co., Ltd., which is a wholly-owned subsidiary of Beijing CheChe Technology Co., Ltd.
Scale indicators7 records
Abao Insurance Yanxuan competitors and assessment
Company assessmentBroad incumbents
- ZhongAn Online P&C Insurance (众安在线): ZhongAn is one of China's leading digital-first insurance companies and also operates as a distribution channel for partner carriers. It is a broader incumbent with underwriting capability, overlapping with Abao in digital insurance distribution while operating an entirely different carrier-centric model.
- JD Insurance (京东保险): JD Insurance is the insurance distribution arm of JD.com, embedded in the JD e-commerce ecosystem. It competes for the same Chinese online insurance buyer through multi-carrier aggregation and ecosystem traffic, representing a structural rival with significant scale advantages.
Direct peers
- Ant Insurance (蚂蚁保): Ant Insurance is the insurance distribution arm of Ant Group, embedded in the Alipay super-app. It serves the same Chinese consumer insurance buyer with multi-carrier product aggregation and AI-assisted recommendations, representing the most formidable ecosystem competitor to Abao.
- XiaoYuSan Insurance (小雨伞保险): XiaoYuSan is a Chinese online insurance platform providing AI-powered product matching and family-oriented insurance advisory across multiple carriers. It closely mirrors Abao's digital-first, family-focused, multi-carrier insurance distribution model.
- Huize (慧择保险): Huize is a leading online insurance brokerage platform in China, listed on NASDAQ. It directly compares with Abao as a digital-first insurance intermediary aggregating products from multiple Chinese carriers and serving individual/family buyers with advisory services.
- Shuidi (水滴公司): Shuidi is a Chinese internet insurance and healthcare services platform offering multi-carrier insurance distribution plus crowdfunding and health products. It directly overlaps with Abao's online multi-carrier family insurance advisory and broader health ecosystem positioning.
- WeSure (微保): WeSure is Tencent-backed online insurance platform embedded in WeChat. It directly competes with Abao as a multi-carrier digital insurance distribution platform serving Chinese consumers, with the structural advantage of WeChat traffic.
Emerging players
- Patia (Mexico insurtech): Patia is a Mexican insurtech platform using AI-driven underwriting and digital distribution for personal insurance products. It serves as a thematic emerging-player peer for Abao's AI-enabled insurance service model, though in a different geography and product mix.
- Lemonade Inc. Lemonade is an AI-native insurance company using behavioral economics and chatbots for digital insurance distribution. While operating in different geographies and as a carrier-broker hybrid, it is conceptually comparable to Abao's AI-driven insurance service platform approach.
Others
- Beijing CheChe Technology Co., Ltd. (北京车与车科技): CheChe Technology is the parent company of Abao Insurance Yanxuan via CheChe Insurance Sales Service. As the holding group, it provides capital, technology, and strategic direction to Abao, and is comparable as the broader CheChe Insurance ecosystem in which Abao operates.
Market position
Customer concentration
Abao Insurance Yanxuan compliance and trust
Trust signalCompliance1 record
Abao Insurance Yanxuan financial estimates
Financial estimateRevenue estimate
Valuation estimate
Abao Insurance Yanxuan leadership team
Management profileNumber of profiles
Profiles1 record
Abao Insurance Yanxuan funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Abao Insurance Yanxuan M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Abao Insurance Yanxuan
What does Abao Insurance Yanxuan do?
Abao Insurance Yanxuan is an AI-driven insurance service platform that operates as a licensed insurance agent, aggregating products from 50+ partner insurance companies. It provides Chinese families with personalized insurance consultation, risk identification, product matching, pre-underwriting analysis, policy diagnosis, and ongoing claims assistance through dedicated family insurance consultants and an AI-powered recommendation engine. The platform delivers one-stop services covering consultation, policy purchase, and post-claims support across 161 branches in 23+ Chinese provinces.
Is Abao Insurance Yanxuan a public or private company?
Abao Insurance Yanxuan is a private company. It is classified as corporate owned and is currently operating.
When was Abao Insurance Yanxuan founded?
Abao Insurance Yanxuan was founded in 2017. It employs 501 to 1,000 people.
Where is Abao Insurance Yanxuan based?
Abao Insurance Yanxuan is headquartered in Not explicitly disclosed, China, in the Asia region.
How does Abao Insurance Yanxuan make money?
Two revenue lines are on record. Insurance Agency Commissions are the primary driver. The others are professional Consulting Services.
Who are Abao Insurance Yanxuan's main competitors?
Broad incumbents on record are ZhongAn Online P&C Insurance (众安在线) and JD Insurance (京东保险). Direct peers are Ant Insurance (蚂蚁保), XiaoYuSan Insurance (小雨伞保险), Huize (慧择保险), Shuidi (水滴公司) and WeSure (微保). Emerging players are Patia (Mexico insurtech) and Lemonade Inc.. Beijing CheChe Technology Co., Ltd. (北京车与车科技) is listed as an others.
Does Abao Insurance Yanxuan have an API?
No public API is recorded for Abao Insurance Yanxuan.
What industry is Abao Insurance Yanxuan in?
Abao Insurance Yanxuan's product category is Insurance Brokerage and Advisory Services. Its primary akta.pro industry code is FSAGAGAL, Embedded Insurance & Affinity Distribution Platforms. Its NAICS code is 524210 and its SIC code is 6411.