Nanyan Information

About Nanyan Information

Shanghai Nanyan Information Technology Co., Ltd., operating as Nanyan Group, was established in July 2015 to provide internet and information technology services to the insurance sector. The company was founded by a team with extensive experience in both the insurance and IT industries, with core members hailing from prominent firms like RSA, AIG, PingAn, AIA, Oracle, and iSoftStone. The company's founder, Mr. Gong, previously served as the CFO of Royal & Sun Alliance Insurance, a subsidiary of the RSA Insurance Group.

Nanyan Information Technology offers a comprehensive software suite for the insurance industry, leveraging artificial intelligence and big data to enhance efficiency and risk control. Its services are designed for insurance companies, reinsurers, and intermediaries, providing solutions that cover product design, sales, management, and claims processing. The company’s SaaS platform is built around three core modules: Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and sales platforms, which are accessible on both PC and mobile devices. Key features include sales management, internet marketing, product analysis, customized product development, and systems for payment, billing, and settlement. By using data analytics, the company aims to mitigate issues like adverse selection and moral hazard for its clients.

The company's business model is centered on providing a vertical, integrated platform that serves the entire insurance value chain. Revenue is generated through its technology services and systems offered to partners in the insurance ecosystem. The company has demonstrated significant growth and investor confidence, raising a total of $52.1 million over five funding rounds. Its latest funding was a Series C round on October 15, 2020, for $37.1 million, with investors including Starr Investment Holdings, Cenova Capital, BlueRun Ventures, and SIG China. Significant milestones include reaching a monthly premium scale of over one million in March 2016, acquiring the national insurance brokerage firm U-tech to enter the intermediary market in April 2018, and launching its proprietary internet insurance sales traceability management system, "Qiuhao," in October 2020.