Nanyan Insurtech

About Nanyan Insurtech

Established in Shanghai in 2015 by founder and CEO Gong Xun, Nanyan Insurtech emerged to address significant inefficiencies within China's insurance sector. Drawing from over two decades of industry experience, including his role as CFO of Royal & Sun Alliance Insurance's Chinese subsidiary, Gong Xun identified critical pain points such as data fragmentation, high costs, and low operational efficiency. Nanyan was founded to bridge these gaps by providing comprehensive technology-driven solutions.

The company operates on a multifaceted business model, integrating Software-as-a-Service (SaaS), Managing General Agent (MGA), and Third-Party Administrator (TPA) services. This positions Nanyan as a full-service provider for its client base, which includes insurance companies, reinsurance firms, and insurance intermediary agencies. Its core offering is an end-to-end integrated platform that digitizes the entire insurance lifecycle, spanning product design, sales, policy management, claims processing, and health services. By leveraging artificial intelligence and big data, the platform enables clients to streamline operations, reduce costs, and improve service delivery.

A key milestone in the company's evolution was the strategic acquisition of Medilink-Global, a Malaysia-based TPA, in late 2019. This acquisition significantly enhanced Nanyan's capabilities in the health insurance domain, particularly in managing direct billing hospital networks and claims, evolving its model to a combined "MGA+SaaS+TPA" structure. This integrated approach allows Nanyan to offer sophisticated health management services and develop exclusive Health Maintenance Organization (HMO) products for niche markets like pediatrics and corporate high-end insurance. The company has successfully raised over CNY 500 million across five funding rounds, with its latest Series C in October 2020 raising CNY 250 million, led by Cenova Capital.