NextFin News — Baichuan Intelligence and China Life Reinsurance signed a strategic cooperation agreement in Beijing.
The pact centers on joint AI development across three concrete areas: insurance services, marketing, and actuarial work that includes underwriting. Baichuan will supply large-language-model capabilities while China Re Life, the sole specialized life reinsurance company on the Chinese mainland and a wholly owned unit of China Re Group with registered capital of 8.17 billion yuan, contributes domain data, risk models and distribution reach. The collaboration aims to embed generative AI directly into product design, customer acquisition and risk assessment workflows rather than limiting it to back-office pilots.
China Re Life already ranks first in the domestic life reinsurance market and has repeatedly led industry table construction and smart risk-control systems; pairing that infrastructure with Baichuan’s models gives both sides a defined route to test and scale AI tools where pricing accuracy and claims leakage carry immediate balance-sheet consequences. The agreement supplies no financial terms or deployment timetable, yet it places a leading Chinese foundation-model firm inside the core operating stack of the country’s primary life reinsurer.
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