Ins For Renascence

The company's core business revolves around a one-stop digital platform that addresses various stages of the insurance lifecycle, including intelligent underwriting, in-force policy intervention, claims investigation and payment, and rehabilitation management. This is powered by their proprietary "intelligent risk control engine" which leverages artificial intelligence, big data, and even proteomics to create a closed-loop insurance service from pre-underwriting to post-claim management. One of their key products, 'Xin Ji An Fu', offers a hospital deposit-free service for commercial health insurance policyholders, covering expenses for serious illnesses and medical treatments. This service aims to reduce the financial burden on patients during hospitalization and improve the overall customer experience. The service network for this product covers thousands of public hospitals across China.

By integrating real-time health data from sources like wearable devices with actuarial insights, the company enables insurers to perform more accurate risk assessments, offer personalized policies, and implement proactive health interventions. Their big data intelligent risk control system analyzes multiple dimensions such as identity verification, behavioral risk, and income to manage adverse selection, which has been shown to significantly reduce the comprehensive loss ratio for products like accident insurance. This allows for differentiated pricing and helps insurance companies to improve their financial performance while promoting preventive care for policyholders. The firm has established partnerships with over 80 insurance companies and platforms and has serviced more than 30 million policies. It has garnered investments from notable firms including CMH, Marathon Venture Partners, Gopher Asset Management, Matrix Partners China, and Qianhai Reinsurance.