NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), a platform-as-a-service (“PaaS”) company that leverages artificial intelligence (“AI”) technology and applies its technology to the human resources and insurance industries, today announced that it has been granted two invention patents related to Agentic AI applications in insurance. business.
Lucas has been granted patent number: ZL 202310158569.X for “Artificial Intelligence-based Robotic Automation Process Method and System for Independent Insurance Distributors” from China and “Blockchain-based Credential Storage System” with patent number: HK40088280 from Hong Kong.
According to Research and Markets, China’s online insurance market size is expected to reach more than US$986 billion by 2029 at a compound annual growth rate (CAGR) of 6.9% in terms of gross written premiums, while Vietnam’s general insurance market size is expected to grow at a CAGR of 7.0% in gross written premiums to reach US$4 billion by 2029, according to GlobalData.
“Integrating our patented agent AI technology into Lucas’ Large-Scale Language Models (LLM) has resulted in significant cost savings and efficiency gains for our insurance customers. In line with our sales expansion strategy outside of China, we plan to apply this technology to our insurance operations in China and ASEAN (Association of Southeast Asian Nations) countries, where we plan to expand our business. From 2023 to 2025, Lucas will represent more than 14% of our total revenue. As a technology company, we will continue to invest heavily in research and development to further solidify our technological leadership in the Asian market. The technology we develop in the US and China can be redeployed to other fast-growing markets, such as the ASEAN market, so we don’t have to reinvent the wheel. ”
About Lucas GC Limited
With 24 U.S. and Chinese patents and over 75 registered software copyrights in AI, data analytics, and blockchain technology, Lucas GC Limited is an AI technology-driven platform-as-a-service (PaaS) company with applications in the human resources and insurance industries. For more information, please visit https://www.lucasgc.com/.
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