Cheche Group Unveils AI-Powered Pricing Model with 200+ Indicators and Five-Tier NEV Risk Segmentation
CCG•Cheche Group launched Cheche Score, an AI-powered pricing model integrating over 200 risk-control indicators and real-time driving behavior to segment NEV insurance into five risk tiers (A–E). Commercialized in multiple Chinese cities, it has boosted renewal conversion, cut underwriting costs and reduced application time to seconds through deals with insurers.
1. Launch of Cheche Score
Cheche Group introduced Cheche Score, a proprietary AI-powered dynamic pricing solution for NEV insurance. It integrates more than 200 dynamic risk-control indicators, real-time driving behavior data and vehicle characteristics to assign policyholders to one of five risk tiers (A–E), enabling individualized, per-vehicle pricing.
2. Commercial Rollout and Partnerships
The pricing model is fully commercialized across multiple Chinese cities and Cheche has signed AI-powered renewal cooperation agreements with several of China’s largest insurance carriers to integrate pricing, precision renewal and closed-loop customer service into a digital operating ecosystem.
3. Measurable Performance Improvements
Since deployment, Cheche Score has boosted policy renewal conversion rates, lowered per-policy underwriting costs and reduced the end-to-end application process to seconds, overcoming traditional inefficiencies in NEV insurance pricing and underwriting.
