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Cheche Group Announces Strategic Partnership with The Tokio Marine & Nichido Fire Insurance Company (China) Limited
BEIJING, Oct. 1, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a strategic partnership with The Tokio Marine & Nichido Fire Insurance Company (China) Limited ("TMNCH"), as Cheche continues to broaden its collaborations with insurance companies in China.
Underwriting primary coverage and reinsurance for several lines of business including property insurance, liability insurance, guaranty insurance, and short-term health insurance, TMNCH, wholly funded by Tokio Marine & Nichido Fire Insurance Co., Ltd., is the first Japanese insurance company to have entered the Chinese insurance market.
"We are excited to announce our strategic partnership with TMNCH and look forward to developing customized products and services together," said Lei Zhang, Founder, CEO, and Chairman of Cheche. "Not only is our capacity for innovation vastly increased as we expand and strengthen our relationships with insurance companies and automobile manufacturers, but our leadership position as the intelligent insurance platform in China is underscored as well."
Cheche's agreement with TMNCH is two pronged. Leveraging each other's strengths, the two companies are working to develop specialized insurance products, services, and sales strategies. This collaboration will enhance Cheche's insurance service capabilities while offering increased scale for traditional automotive companies and pave the way for future partnerships with Japanese automotive companies.
Underwriting primary coverage and reinsurance for several lines of business including property insurance, liability insurance, guaranty insurance, and short-term health insurance, TMNCH, wholly funded by Tokio Marine & Nichido Fire Insurance Co., Ltd., is the first Japanese insurance company to have entered the Chinese insurance market.
"We are excited to announce our strategic partnership with TMNCH and look forward to developing customized products and services together," said Lei Zhang, Founder, CEO, and Chairman of Cheche. "Not only is our capacity for innovation vastly increased as we expand and strengthen our relationships with insurance companies and automobile manufacturers, but our leadership position as the intelligent insurance platform in China is underscored as well."
Cheche's agreement with TMNCH is two pronged. Leveraging each other's strengths, the two companies are working to develop specialized insurance products, services, and sales strategies. This collaboration will enhance Cheche's insurance service capabilities while offering increased scale for traditional automotive companies and pave the way for future partnerships with Japanese automotive companies.
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