TIAN RUIXIANG Holdings Ltd. (NASDAQ: TIRX) stock declined by 10.66% at the last close whereas the TIRX stock price gains by 0.24% in the current market trading session. TIAN RUIXIANG Holdings Ltd is a Chinese insurance broker with its headquarters in Beijing. It sells a variety of insurance products divided into two categories: (1) property/liability insurance, and (2) life insurance, including personal and group life insurance.
TIRX stock’ Significant Development
TIAN RUIXIANG Holdings Ltd. won the Insurance Customer Experience Award at the 4th China Insurance Analytics and AI Innovation Summit 2021, which took place in Shanghai on August 17-18, 2021. The International Insurance Society, which strives to offer a venue for commercial and governmental players to enhance resilience, drive innovation, and encourage market growth, has supported the event.
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The purpose of the event was to look into the future of insurance and how information and AI-driven business models might help the sector innovate. It drew over 300 Chinese attendees, including over 200 insurance executives who are business leaders in areas such as strategy/innovation, actuarial & pricing, advertising, information technology, digital transformation, underwriting, claims & anti-fraud, customer services, risk assessment, data center, AI, e-commerce, and so on. China Life Insurance Company, Ping An Life Insurance Company of China, Ltd., and China Pacific Insurance Company were among the prominent insurance firms that took part in the event and earned prizes.
Other Recent Development
TIAN RUIXIANG reported that on August 2, 2021, they entered into a strategic collaboration agreement with Beijing Puyuan Technology, a Chinese supplier of innovative financial service platform solutions, to enhance its innovative sales and customer support systems.
TIRX undertakes to offer BPTC access to its insurance management platform in exchange for BPTC providing bespoke artificial intelligence development services and assisting the Company in the development of its intelligent customer care and sales systems. To establish the precise terms and services to be delivered under the Partnership, the companies may engage into individual service contracts in the long term.