This article showcases our top picks for the best China based InsurTech companies. These startups and companies are taking a variety of approaches to innovating the InsurTech industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top China InsurTech Companies
eBaoTech is a digital solution provider to the global insurance industry with a company mission to “make insurance easy”. We have business in more than 30 countries, serving over 200 carriers and numerous agents, brokers, InsurTech startups and others in the insurance ecosystem.
eBaoTech offers two groups of solutions: eBao Cloud as an insurance middle ware platform, and eBao Software for traditional insurance carriers’ core systems.. .
Leapstack is an insurance technology company specializing in big data artificial intelligence technology. It is committed to building big data artificial intelligence solutions for commercial insurance companies and social security management agencies.
The company was founded in February 2016 and has received angels from Gaochun Capital and Fumu Assets. It is headquartered in Shanghai and has offices in Beijing and Nanjing..
Established in Dec’15, Nanyan Insurtech is a leading SaaS+MGA company in China. The core system has docked more than 70 insurance companies, and served hundreds of professional intermediaries and more than 500 agencies.
The product has 450 major SPUs and more than 4,000 SKUs, providing comprehensive solutions including product, sales, management and claims for all types of insurance companies, multinational reinsurers and first-line intermediaries. The big data + AI empower the process, optimize cost structure and improve service efficiency..
Mintbao is an insurance technology company that provides personalized insurance solutions. Mintbao focuses on the implementation of intelligent recommendation decision models, data mining, industry knowledge maps., and other artificial intelligence technologies in the insurance field, offering comprehensive insurance sales solutions including intelligent insurance consultants, intelligent underwriting consulting systems, user risk identification, and precision marketing.
Mintbao was established in 2017.. .
The CareVoice is a Shanghai-based international company established in 2014, backed by top VC, Asian and Chinese healthcare investors. It is a health InsurTech company transforming healthcare experience to be more consumer-centric.
They bring unique mobile-based and data-driven solutions that digitalize healthcare and insurance journey with consumers’ interest first.. .
On September 28, 1996, Yongan Insurance Company was established in Xi’an in the midst of China’s economic reform and opening up. The company is currently a state-owned capital holding company.
Its major shareholders are Yanchang Petroleum Group, Shanghai Fosun Group and Shaanxi Nonferrous Metals Group. The registered capital of the company is 3.009416 billion yuan.
By the end of 2017, it had established 27 branch companies in 23 provinces, autonomous regions, and municipalities directly under the Central Government, one shipping center, 181 central branch companies, 341 branch companies, 975 branches, and approximately 10,000 employees. Total assets of 12.53 billion yuan (before the audit), and net assets of 4.759 billion yuan (before the audit).
At the same time, the company actively embraced the Internet and introduced mobile Internet technology. The company innovative sales service model to achieve the interpersonal communication of insurance products and the formation of drainage effects.
The company’s WeChat claims, remote rating, and “Yongantong” APP innovative claims services have gradually been recognized, laying a solid foundation for the company to improve the quality of claims services.. .
Founded in Shanghai on August 8th, 2015, BIGINS is one of the leading InsurTech startups in China. They provide a cutting edge platform to customize and distribute innovative consumer-oriented property insurance, for Internet plus businesses and consumers of the sharing economy, online rentals, interactive entertainment, online driver training and online medical.
With smart B2B2C insurance solutions, BIGINS enables the new businesses and insurance companies to provide in-scenario, highly customized, small payment policies for their consumers with a great user experience. In June 2017, BIGINS launches the BIGINS App, the first B2C2C platform in the world to distribute consumer-oriented, small policies through specific social networks.
Consumers are well protected in the new business and the insurance coverage grows extremely fast. The founding members of BIGINS were from Tencent, Alibaba and reinsurance groups.
BIGINS has raised 50 million CNY from Newsion VC and Haier Capital in Angel and Series A rounds.. .
Fosun Prudential Life Insurance
Fosun Prudential Life Insurance Co., Ltd. is a joint venture life insurance company jointly established by Fosun Group and Prudential Financial Group.
It was approved by the China Insurance Regulatory Commission and was officially established in September 2012. Its headquarters are located in Shanghai.
The registered capital of the company is 2.662 billion yuan, and each of the shareholders holds 50% of the shares of the joint venture company. Fosun Prudential’s mission is “to protect the future you want”, through a variety of insurance, bank insurance, health insurance, intermediary business and other diversified channels, establish customer demand-oriented sales model; improve simpler, safe and convenient service support System, using new technologies to solve customer’s service needs anytime, anywhere; combining shareholders’ medical care, pensions and other resources, providing customers with more differentiated and comprehensive services with healthy, happy and abundant innovative product systems, creating a comprehensive service platform for customers Create happiness.
Fosun Prudential enhances employees’ work skills through uninterrupted professional training, satisfies employees’ growth cycles at different stages, and helps them complete career planning. Based on results-based guidelines, they will achieve fair assessment and evaluation, and will continue to improve the compensation and welfare system so that employees can feel at ease..
Saleins is an insurance management system platform that cooperates deeply with professional insurance institutions. The company has a group of senior insurance industry elites, and the senior management team is composed of graduates from Peking University, Tsinghua University, and former industry elites who have served as senior executives of insurance companies.
Most of the team members have more than 15 years of insurance industry experience in the logistics trade industry, able to provide customers with quality, professional insurance consulting and after-sales service.. .
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