Nova Technology International Co., Ltd., an insurance AI technology company in China, expands into the Hong Kong market with its AI-powered solutions in underwriting, claims management, and insurance risk analytics for insurers operating in Hong Kong.
AI-powered insurance products
Nova Technology has localised its core AI products and established a Hong Kong–specific medical knowledge graph. It also further enhanced its multi-agent AI systems to deliver end-to-end intelligent capabilities:
- In underwriting, AI agents enable insurers to automate decision-making with high accuracy.
- In claims: AI-powered agents efficiently handle critical tasks, including document and image classification, medical record extraction, coverage validation, claims calculation, and embedded risk controls.
- In risk management, it provides intelligent detection and real-time monitoring of abnormal behaviours and potential fraud risks.
Nova Technology has developed an insurance-specific knowledge base and established a broad network of strategic partnerships with medical and related service institutions across China, serving as a foundation for applying AI to insurance use cases and underpinning the rollout of the company's AI solutions in Hong Kong.
Looking ahead
The company will continue to enhance the localisation of its products to align with Hong Kong's regulatory requirements and insurers' operational needs, while collaborating closely with local insurers, industry bodies, and ecosystem partners to explore wider applications of AI in international insurance markets.
