Overview
Aibao Insurance Technology Co., Ltd. (Ai Bao Ke Ji) is a Beijing-based insurtech company focused on AI-powered automotive insurance technology in China. Formally launched in February 2018 with CNY 200 million (approximately USD 31.8 million) in strategic backing from leading names in Chinese and global insurance and automotive technology, Aibao was purpose-built to digitize and automate the auto insurance value chain in one of the world's largest and fastest-growing insurance markets.
The company's platform connects car owners, automotive service providers, and insurance carriers, empowering key touchpoints including insurance sales, claims handling, and after-sales vehicle services. Aibao's mission -- stated as "becoming the world's most insurance-savvy technology company" -- reflects a strategy of deep domain expertise combined with advanced AI, computer vision, and IoT capabilities applied specifically to the needs of the Chinese auto insurance sector.
Aibao leverages core technologies including vehicle identification, facial recognition, damage recognition (computer vision), OCR, connected car data integration, and big data risk models to serve auto insurers, reduce fraud, accelerate claims, and improve underwriting accuracy.
Products & Services
AI Vehicle Damage Assessment Platform
An AI-powered computer vision system that automatically identifies and assesses vehicle damage from photos, enabling rapid claims processing without manual inspection.
Key Features
- Vehicle damage recognition via deep learning image analysis
- Automated damage classification and repair cost estimation
- Photo upload workflow for insurers and auto repair shops
- Integration into carrier claims management systems
Target Users: P&C auto insurance carriers, claims adjusters, auto body repair shops
Connected Car Insurance Platform
A platform integrating IoT and connected car data streams to enable usage-based and behavior-based insurance products.
Key Features
- Real-time connected car data collection and processing
- Telematics-based risk scoring for underwriting
- Integration with automotive OEM data feeds
- Big data models for vehicle risk profiling
Target Users: Auto insurers, automotive OEM partners
Vehicle Lifecycle Management Platform
A comprehensive digital service platform for vehicle owners covering maintenance, usage, and management, connecting them with auto service supply chain partners and insurers.
Key Features
- Vehicle maintenance scheduling and history tracking
- Insurance product access and renewal management
- Integration with offline SMB auto service providers
- Identity verification via facial recognition
Target Users: Individual vehicle owners, auto service providers, insurance carriers
OCR and Identity Verification Tools
Document digitization and identity verification services built for insurance onboarding, KYC, and claims documentation workflows.
Key Features
- OCR-based extraction from insurance documents, forms, and vehicle papers
- Facial recognition for policyholder identity verification
- Support for digital insurance enrollment workflows
Target Users: Auto insurance carriers, brokers
At a Glance
- Founded
- 2017
- Headquarters
- Beijing, China
- Employees
- 51-200
- Funding
- CNY 200M (~USD 31.8M) - Corporate Investment Round
Category & Focus
- Category
- Claims Technology
- Subcategories
- AI Damage Assessment Telematics Connected Car Insurance Computer Vision Document OCR
- Insurance Verticals
- P&C (Auto)
- Target Customers
- Carriers
Customers
- PICC (People's Insurance Company of China) -- strategic investor and customer
Links
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Last updated: 2026-05-11