Lima Technology

About Lima Technology

Lima Technology, formally known as Beijing Lima Technology Co., Ltd., was established in May 2017 to simplify insurance operations through digital solutions. The company's core team possesses a blend of experience from prominent insurance, finance, and internet technology firms. This background informs their mission to reshape the insurance industry's value chain by optimizing cost structures with technology.

The firm operates in the InsurTech sector, providing a comprehensive suite of digital services to the insurance industry. Its business model centers on offering a one-stop, cloud-based Software-as-a-Service (SaaS) platform tailored for insurance intermediaries, such as brokers and agencies. Revenue is generated through subscriptions to its modular SaaS components, which clients can select and implement based on their specific needs. This model allows clients to digitize their business operations, from sales and office management to billing and settlement, thereby reducing operational costs.

Lima Technology's main offering is a platform that integrates artificial intelligence, big data, and cloud computing to deliver intelligent insurance solutions. A key product is the 'Tangram' (七巧板) supply chain management system, which streamlines the process of integrating new insurance products, reportedly reducing the launch time to within two hours. The platform provides functionalities for the entire operational lifecycle, including a core business management system and an intelligent sales system. This enables clients to manage customer profiles, handle sales processes, and oversee financial settlements digitally. The service is designed to be flexible and cost-effective, lowering the entry barrier for companies looking to establish an online insurance presence.

Since its founding, Lima Technology has achieved several milestones, including multiple funding rounds from notable investors like Hillhouse Capital, GGV Capital, and Cherubic Ventures. By December 2019, the company had raised a CNY 200 million Series A+ round and had already collaborated with over 80 insurance companies to integrate more than 1,000 products. The company has received numerous accolades, being named a 'Potential Unicorn' by Great Wall Strategy Consulting and recognized in Forbes China's 'Enterprise Technology 50'.