Kenny Lim Yong Hui's questions to Huize Holding Ltd (HUIZ) leadership • Q1 2025
Question
Kenny Lim Yong Hui from UOB Kay Hian asked about the potential impact of new commission regulations on tied agency channels on Huize's to-agent business and the broader competitive landscape. He also requested an update on the international revenue contribution and the expansion progress in Singapore and the Philippines.
Answer
Co-CFO Ronald Tam responded that he expects a positive impact from the regulatory changes, as a leveled playing field would likely drive an 'exodus of agents' from tied agency models to independent platforms like Huize. Regarding international expansion, Mr. Tam confirmed they are 'very much on track' for Singapore, aiming to be operational by Q3 2025 and will provide a material update on the next earnings call. He noted that the Philippines is a secondary priority, with progress expected in the second half of the year.