Newyi Capital, alongside Jingbang Capital and Zhengxuan Investment, has invested several million yuan in Shenqing Technology, an actuarial software provider dedicated to enhancing the efficiency of insurance product management and digital transformation in China.

Target Information

Recently, Newyi Capital, in partnership with Jingbang Capital and existing shareholder Zhengxuan Investment, completed a new funding round for the actuarial middle platform provider, Shenqing Technology (DeepLight Technology), with a total investment amount in the range of several tens of millions. Shenqing Technology is dedicated to enhancing the precise management of insurance enterprises and improving the efficiency of product iteration by providing customers with efficient and user-friendly calculation tools and collaborative products. The company's core offerings include the actuarial forecasting engine - "DeepLight Feiyan Engine," the insurance product development platform - "DeepLight Cheetah Pricing," and an actuarial cloud middle platform designed for comprehensive management of the insurance product lifecycle.

The goal is to help domestic insurance companies boost productivity, break the monopoly held by foreign vendors, enrich the supply of insurance products, and elevate the scientific management level of operations, thereby facilitating the digital transformation of insurance companies.

Industry Overview

The insurance sector in China has distinct differences compared to other financial products, with several unique challenges. Firstly, insurance is a financial product where income is recognized before costs are confirmed, which