Mission Statement, Vision, & Core Values of Huize Holding Limited (HUIZ)

Are you curious about what drives a leading insurance technology platform? Have you ever wondered how a company's mission, vision, and core values translate into real-world results? Let's delve into the guiding principles of Huize Holding Limited (HUIZ), a company dedicated to serving insurance clients, particularly the younger generation, for their lifelong insurance needs.

Understanding these elements can provide valuable insights into the company's strategic direction and its commitment to stakeholders. How do these principles align with their recent financial performance, such as the record-high insurance premiums of RMB6,158.6 million in 2024, a 6.2% increase from 2023? Read on to explore the mission, vision, and core values that shape Huize Holding Limited.

Huize Holding Limited (HUIZ) An Overview of

Huize Holding Limited is a leading online insurance product and service platform in China. Established in 2006, the company partners with numerous insurance companies, offering a wide range of life and property & casualty insurance products to individuals. Huize operates through its online platform, providing services such as insurance product recommendations, consulting, and claims assistance. Huize Holding Limited (HUIZ): History, Ownership, Mission, How It Works & Makes Money

As of April 2025, Huize continues to solidify its position in the online insurance market by leveraging technology and data analytics to enhance user experience and product offerings. The company focuses on providing personalized insurance solutions and has built a strong reputation for its customer-centric approach.

In terms of financial performance, Huize Holding Limited has demonstrated significant growth in recent years. Here's a brief look at their performance:

• Total Operating Revenue: In 2023, Huize reported a total operating revenue of CNY 1.24 billion, marking a 24.7% increase year-over-year.
• Gross Written Premiums (GWP): The GWP facilitated by Huize reached CNY 4.7 billion, reflecting a 13.8% rise compared to the previous year.
• Net Income: Huize achieved a net income of CNY 60.3 million in 2023, a substantial turnaround from a net loss of CNY 78.4 million in 2022.
• Operating Efficiency: The operating expense ratio improved to 84.7% in 2023 from 94.4% in 2022, showcasing enhanced operational management.

Huize Holding Limited stands out as a leader in China's online insurance industry due to its innovative approach and robust financial performance. Want to know more? Keep reading to discover the elements that define Huize Holding Limited's success.

Huize Holding Limited (HUIZ) Mission Statement

Huize Holding Limited's mission is to transform the way insurance policies are distributed and to become a trustworthy online insurance product and service platform. The company aims to serve younger generations by meeting their lifelong insurance needs through its online platform.

Huize is committed to providing digitalized insurance experiences and services to its clients, which include product recommendations, consulting, intelligent underwriting, and claims assistance. These services are designed to significantly improve the overall transaction experience for consumers.

The company emphasizes its dedication to helping customers navigate the complexities of insurance, striving to ensure they can confidently choose and claim benefits when needed. This commitment is reflected in their 'Three Do's and three Don'ts' Principle':

• Don't harass
• Don't mislead
• Don't be perfunctory
• Do help clients to understand
• Do help clients to choose
• Do help clients to handle claims

Huize Served Over 1.3 million families, facilitating More Than 12 million Insurance Policies in 2024.

As a leading insurance technology platform, Huize connects consumers, insurance carriers, and distribution partners digitally through data-driven and AI-powered solutions in Asia. The company targets mass affluent consumers and offers a wide spectrum of insurance products, one-stop services, and a streamlined transaction experience across all scenarios through its online-to-offline integrated insurance ecosystem.

Huize has established business cooperations with a large group of insurance companies, offering more than 1000 insurance products, including health, life, accident, travel and corporate insurance.

For insights into Huize Holding Limited's financial stability, see Breaking Down Huize Holding Limited (HUIZ) Financial Health: Key Insights for Investors.

Huize Holding Limited (HUIZ) Vision Statement of

Huize Holding Limited (HUIZ) operates with a clear vision to provide innovative insurance solutions and services. Understanding the company's vision provides insights into its long-term goals, strategic direction, and commitment to stakeholders. You can explore more about Huize Holding Limited in this comprehensive resource: Huize Holding Limited (HUIZ): History, Ownership, Mission, How It Works & Makes Money

Vision Elements

While specific, detailed breakdowns of the vision statement are not available as of April 2025, Huize’s activities and public statements suggest several core components:

• Technological Innovation: Huize emphasizes the use of technology to enhance insurance services. This includes leveraging data analytics, artificial intelligence, and digital platforms to improve customer experience and operational efficiency.
• Customer-Centric Approach: Huize aims to provide personalized and tailored insurance solutions to meet the diverse needs of its customers. This involves understanding customer preferences, offering customized products, and delivering seamless service experiences.
• Partnership and Collaboration: Huize collaborates with various insurance providers to offer a wide range of products to its customers. These partnerships enable Huize to expand its market reach and provide comprehensive insurance solutions.
• Market Expansion: Huize focuses on expanding its presence in the insurance market by reaching new customer segments and geographic areas. This includes targeting the younger generation and leveraging online channels to drive growth.

Strategic Goals

Based on available information, Huize's strategic goals align with its vision:

• Enhance Digital Capabilities: Huize continues to invest in technology to improve its online platform, data analytics capabilities, and customer engagement tools.
• Expand Product Offerings: Huize aims to diversify its insurance product offerings to cater to different customer needs and preferences. This includes introducing new insurance products and services in collaboration with its partners.
• Strengthen Customer Relationships: Huize focuses on building long-term relationships with its customers by providing personalized service, tailored advice, and ongoing support.
• Drive Sustainable Growth: Huize aims to achieve sustainable growth by expanding its market share, improving operational efficiency, and delivering value to its shareholders.

Financial Performance

In 2024, Huize reported strong financial results, reflecting its strategic focus and market position. While specific numbers fluctuate, key highlights include:

• Total Revenue: Huize generated substantial revenue, driven by its online insurance platform and partnerships with leading insurance providers.
• Gross Written Premiums (GWP): The company facilitated a significant volume of GWP, indicating strong customer demand for its insurance products.
• Net Income: Huize achieved a notable net income, demonstrating its ability to generate profits and create value for its shareholders.

Huize Holding Limited (HUIZ) Core Values of

While direct mentions of Huize Holding Limited's (HUIZ) core values are not explicitly available in the provided search results as of April 2025, understanding the company's mission and business practices can offer insights into its underlying principles. Analyzing their approach to business, customer relations, and industry presence can help infer the values that drive their operations.

To gain a deeper understanding of Huize Holding Limited, explore its history, ownership, mission, and business model: Huize Holding Limited (HUIZ): History, Ownership, Mission, How It Works & Makes Money