Recently, Yibao Technology (Shanghai) Co., Ltd., the leading comprehensive service platform of “Huimin Insurance” in China, completed the A+ round of financing. Yuanyi Capital jointly invested. With strategic investment as a link, Yibao Technology and China Resources Pharma will jointly build an “urban health insurance platform”, promote the inclusiveness of health insurance and innovative medical care, and help build a multi-level medical insurance system.
As an innovative technology company focused on empowering the insurance ecosystem, Yibao Technology is committed to building a city-level multi-level security service platform. On the one hand, Yibao Technology, with the help of data insight, analysis capabilities and large-scale operation technology, provides the whole process of product design actuarial, product digital marketing, intelligent underwriting, one-stop claims settlement, marketing sales, and after-sales service for Huiminbao everywhere. The one-stop service greatly reduces the marketing cost and service cost of Huiminbao, helps insurance companies to greatly reduce the expense rate, and effectively improves the overall insurance participation rate in the city; on the other hand, Yibao Technology connects insurance companies, innovative pharmaceutical companies and innovative companies. Medical service providers, etc., provide insured persons with medical and health services such as screening services, Internet medical care, rehabilitation care, and consumer medical care. In addition, Yibao Technology has also developed “inclusive series insurances” such as inpatient medical allowance insurance, critical illness insurance, and school-child insurance, which complement each other with “Huimin Insurance”. Combined, it will comprehensively help product innovation and service popularization, and enhance the insured’s sense of experience and gain.
China Resources Pharma stated: “Huimin insurance products featuring low thresholds, low premiums and high security are in a period of vigorous development and are an effective supplement to the domestic medical security system. An important market that has been neglected. As a rising star in the industry, Yibao Technology has built a multi-level digital service platform in many regions of the country by taking advantage of technology, and has stimulated the enthusiasm of urban people to participate in insurance through high-quality services and convenience. A high-quality partner in the civil insurance business field. As a leading large-scale comprehensive pharmaceutical company in China, China Resources Pharma will use the Yibao Technology business platform to give full play to its own advantages and carry out business synergy with Yibao Technology, empowering China Resources Pharmaceutical’s business field, especially innovation business development in the pharmaceutical and high-end medical device sectors.”
Zhang Jingfei, Executive Director of Boyuan Capital, said: “The Huimin Insurance business has experienced explosive growth in the past two years and has become an important type of health insurance. Yibao Technology is a leading urban Huimin Insurance service platform in China, and we continue to pay attention to the new generation of business Insurance, and I also believe that innovative and people-friendly insurance products and services will continue to emerge in this field.”
Yin Pengcheng, Executive Director of Eight Roads Capital, said: “Huimin Insurance is a rare and cost-effective innovative product in the health insurance market. Its sustainability lies in its adherence to inclusive values and the full use of technology and data technology to achieve Let the price-performance ratio be practical, let the common people get real benefits, and let health insurance return to the essence of insurance. The Yibao team led by President Wu is the practitioner of this mission. We are honored to participate in it and contribute to the blueprint of common prosperity. ‘.”
Yibao Angel Investment Fang Yuanyi Capital said: “‘Efficiency, Payment, Reach’ are the three major themes of Yuanyi Capital’s digital healthcare investment. Yibao Technology, through its digital operation platform, efficiently completed each city in a short period of time. Access to millions of people, and help them solve their medical and health payment problems through Huiminbao. We believe that under the leadership of Yibao Technology, there will be more and more innovative medical and digital medical products and inclusive health care. In-depth integration of insurance and insurance to better serve the public.”
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Related events
- Yibao Technology completed the A+ round of financing2022-11-09
- Commercial insurance third-party service provider “You Plus Health” received tens of millions of yuan in A+ round of financing2020-07-27
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