Xianlv Technology Founder Cui Chunxia: The liability insurance market still faces challenges such as high-risk cases and difficulty in case assessment

Beijing Business News (Reporter Hu Yongxin) - Recently, Cui Chunxia, the founder of Risk Law Technology, stated at the fifth anniversary celebration of the company that the future development of the liability insurance market is promising. Currently, the demand for liability insurance is continuously growing; however, it still faces common industry challenges such as non-standardized products, varying data quality, and difficulties in assessing high-risk cases. Additionally, the overall structure of the liability insurance market is imbalanced, and the penetration rate of specialized legal liability insurance needs to be improved. In response, Risk Law Technology will continue to optimize its services with AI technology at its core and use technological innovation to address industry pain points.

Cui Chunxia mentioned that over the past five years, the company has established deep collaborations with multiple insurance and reinsurance companies, serving a vast number of lawyers and corporate users. The automatic underwriting rate for liability insurance business has reached 70%, reducing the average underwriting time from the traditional 4 hours to 40 seconds, with the efficiency of data entry improving over 60 times. The self-underwriting ratio has steadily increased from 26% in Q3 2023 to 74% in Q1 2026.

Looking ahead, Cui Chunxia expressed that Risk Law Technology will continue to deeply cultivate the liability insurance sector, continuously enhancing the depth of AI technology applications, with an expectation to achieve an AI automatic processing rate for liability insurance exceeding 80% within the year. At the same time, the company will steadily evolve from a “point risk control tool” to an “open insurance legal technology platform,” accurately exploring the technological replication and implementation of more legal liability insurance scenarios such as directors and officers liability insurance and professional liability insurance, with “human-machine collaboration” as the core, allowing AI to become the “intelligent co-pilot” for industry development, unleashing the commercial insights and professional value of human experts.