YSX TECH Partners with Huijian to Innovate Auto Insurance and Supply Chain Finance

YSX TECH. CO., LTD, a Cayman Islands exempted company serving the Chinese insurance sector, has entered a two-year partnership with Huijian Information Technology Service, a firm specializing in automotive lifecycle services and AI-driven data management. This collaboration focuses on enhancing auto insurance services, strengthening supply chain finance, and developing innovative insurance products. YSX TECH will leverage its insurer network and industry expertise, while Huijian contributes its advanced automotive data and supply chain analysis capabilities. The partnership aims to improve auto insurance after-sales services by utilizing Huijian’s supply chain network to provide standardized and high-quality offline services to car owners, facilitating service order fulfillment from insurer partners. Additionally, the companies plan to build credit profiles for participants in the automotive supply chain using operational and credit data, enabling credit enhancement products like credit guarantee insurance to streamline financing access from banks. Data-driven insurance product development is a key focus, combining Huijian’s supply chain insights with YSX TECH’s insurer resources to create usage-based auto insurance, parts warranty insurance, and model-specific policies. This integration is designed to enhance insurance pricing, underwriting accuracy, and market targeting capabilities for insurers, fostering more effective insurer collaboration. The agreement establishes a framework for continuous cooperation including dedicated teams, regular reviews, and business exchange events. The alliance is expected to stimulate cross-industry融合 between automotive services, finance, and insurance sectors, fostering a collaborative industrial ecosystem driven by data and technology innovation. This partnership reflects broader trends in the insurance industry emphasizing the integration of AI, big data, and supply chain finance solutions to optimize service delivery and product innovation in auto insurance. The collaboration is anticipated to create commercial value for stakeholders across the automotive and insurance value chains in China.