Cheche Group Inc. (NASDAQ: CCG) (“Cheche” or the “Company”), China’s leading auto insurance technology platform, today announced that its innovative Tianmu Insurance Anti-Fraud and Risk Control Model has been recognized in the prestigious Top 100 AI Products of 2024 list, released by Internet Weekly in collaboration with eNET Research Institute and Deben Consulting.
This accolade highlights Cheche’s commitment to leveraging cutting-edge technology in the insurance industry. The award-winning Tianmu Model integrates advanced technologies such as big data, artificial intelligence, and biometrics to construct an intelligent anti-fraud and risk control system. By utilizing sophisticated data and image recognition methods, the model significantly enhances the ability to identify and prevent insurance fraud risks.
“Being named among the Top 100 AI Products of 2024 is a significant achievement for us,” said Mr. Lei Zhang, Founder, CEO, and Chairman of Cheche. “Our Tianmu Insurance Anti-Fraud and Risk Control Model exemplifies our dedication to revolutionizing the Insurtech landscape. We are focused on driving digital and intelligent innovation that empowers the insurance industry in China to achieve unprecedented levels of efficiency and effectiveness.”
The Tianmu Model employs an AI-based image recognition system that conducts deep analysis of extensive image datasets, evaluating the validity, authenticity, and uniqueness of images. This capability not only mitigates fraudulent risks such as duplicate claims but also adapts to regional market characteristics, tailoring risk management solutions for local insurers.
In practice, the Tianmu Insurance Anti-Fraud and Risk Control Model can accurately identify potential insurance fraud risks, providing robust support for risk reduction to both automakers and insurers. This functionality helps lower operational risks within the insurance industry while contributes to enhancing overall competitiveness.
“As Cheche continues its mission to lead in Insurtech innovation, this recognition reinforces our position as a key player in transforming the insurance landscape through advanced technology,” said Mr. Lei Zhang.
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