Cheche Group's Tianmu Insurance Anti-Fraud and Risk Control Model Recognized Among Top 100 AI Products of 2024

Rhea-AI Summary

Cheche Group (NASDAQ: CCG), China's leading auto insurance technology platform, has achieved recognition for its Tianmu Insurance Anti-Fraud and Risk Control Model in the Top 100 AI Products of 2024 list. The list was compiled by Internet Weekly, eNET Research Institute, and Deben Consulting.

The Tianmu Model combines big data, artificial intelligence, and biometrics to create an intelligent anti-fraud system. It features an AI-based image recognition system that analyzes extensive image datasets to verify validity, authenticity, and uniqueness, helping prevent issues like duplicate claims. The model adapts to regional market characteristics and provides tailored risk management solutions for local insurers.

According to Lei Zhang, Founder, CEO, and Chairman of Cheche, this recognition demonstrates their commitment to revolutionizing the Insurtech landscape through digital and intelligent innovation. The model's practical application helps identify potential insurance fraud risks, supporting both automakers and insurers in reducing operational risks and enhancing competitiveness.

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BEIJING, Feb. 24, 2025 /PRNewswire/ -- 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.

Safe Harbor Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale and grow its business, the Company's advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

About Cheche Group Inc.

Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto insurance technology platform with a nationwide network of around 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in auto insurance transaction services, Cheche has evolved into a comprehensive, data-driven technology platform that offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China. Learn more at https://www.chechegroup.com/en.

About Internet Weekly

Internet Weekly, founded in 1998 and supervised by the Chinese Academy of Sciences, is one of the most successful mainstream business magazines in China's internet and IT industries. With its in-depth reporting and professional analysis, it provides business leaders and entrepreneurs with cutting-edge development trends and technological innovations. Learn more at http://51www.ciweek.com/.

Cheche Group Inc.:
IR@chechegroup.com

Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185

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SOURCE Cheche Group Inc.

FAQ

What is Cheche Group's Tianmu Insurance Anti-Fraud Model and why was it recognized?

Cheche Group's Tianmu Model is an AI-powered anti-fraud system that combines big data, artificial intelligence, and biometrics. It was recognized among the Top 100 AI Products of 2024 for its innovative approach to preventing insurance fraud through advanced image recognition and risk control capabilities.

How does CCG's Tianmu Model prevent insurance fraud?

The Tianmu Model uses AI-based image recognition to analyze datasets, verify image authenticity, and prevent duplicate claims. It adapts to regional market characteristics and provides tailored risk management solutions for insurers.

What benefits does the Tianmu Model offer to CCG's insurance partners?

The model helps insurance partners by accurately identifying potential fraud risks, reducing operational risks, and enhancing overall competitiveness through advanced risk management solutions.

Who awarded CCG's Tianmu Model in the Top 100 AI Products list?

The recognition was awarded by Internet Weekly in collaboration with eNET Research Institute and Deben Consulting as part of their Top 100 AI Products of 2024 list.

How does CCG's Tianmu Model adapt to different markets?

The Tianmu Model is designed to adapt to regional market characteristics, allowing it to provide customized risk management solutions specific to local insurers' needs.