Tag Archives: INS

PR Newswire

bolttech solidifies Japan presence, partners with Back Market

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The launch of the strategic partnership builds on bolttech’s growth momentum in the Japan market

TOKYO, March 14, 2024 /PRNewswire/ — International insurtech bolttech today announces its partnership in Japan with leading refurbished device marketplace, Back Market. The partnership, which marks one of bolttech’s first commercial launches in the country, will deliver embedded device protection to Back Market’s customers through a seamless online experience.

The jointly created device protection service ‘Back Up’ will provide Back Market’s customers with complimentary data recovery service for damaged phones and dedicated repair, ensuring minimal disruptions to their digital lives and an enhanced user experience. ‘Back Up’ offers comprehensive protection plans covering everyday risks such as breakage, corrosion, and liquid damage to extend the life of customers’ refurbished devices, with concierge services via a one-stop contact centre for added convenience. In turn, the repair services keep devices in circulation and out of landfills for a longer period.

Thibaud Hug de Larauze, Chief Executive Officer, Back Market said, “We set up a dedicated local team in Japan last year when we noticed a growing interest in refurbished smartphones in Asia Pacific, with customers keen to explore the benefits of the circular economy and creative ways to extend the lifespan of their devices. We’re excited to build on this partnership and celebrate the launch of ‘Back Up’ with bolttech in Japan. We hope this gives customers even greater peace of mind that their devices can be further protected against unwanted damage.”

Philip Weiner, Chief Commercial Officer, Asia and Europe, bolttech said, “As one of the leading insurance markets in the world, it’s exciting to see a growth in demand for insurtech solutions as customers in Japan seek more ways to protect the things they value. Back Market is an important partner for bolttech, and we couldn’t be more thrilled to celebrate this launch milestone with them.”

Headquartered in Singapore, bolttech is one of the leading embedded insurance and protection ecosystems globally, connecting 700 distribution partners and 230 insurance providers with millions of customers worldwide. bolttech’s first commercial launch in Japan follows its Series B fundraise last year, with lead investor Tokio Marine, Japan’s first insurance company with a 140-year history. The US$246 million funding round is the largest ever Series B for an insurtech.

PR Newswire

Linq Wins Samsung Open Collaboration with LLM-Enhanced Underwriting AI Solution

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SEOUL, South Korea, Oct. 30, 2023 /PRNewswire/ — Linq, an AI startup, won first place in the 2023 Samsung Open Collaboration, one of the most prestigious startup competitions in South Korea. Linq showcased its AI-powered underwriting solution, which was made possible by its AI risk models and an advanced vector database management platform for large language models (LLMs) such as ChatGPT.

On October 26, 2023, Linq (formerly known as Wecover Platforms) emerged as the winner of the 2023 Samsung Open Collaboration, held in South Korea.
On October 26, 2023, Linq (formerly known as Wecover Platforms) emerged as the winner of the 2023 Samsung Open Collaboration, held in South Korea.

Previously known as Wecover Platforms, Linq secured its win after a 4-month collaboration with Samsung Life Insurance in October. Linq was a standout among the 14 startups that advanced to the final round from an initial pool of 317 participants. This AI Underwriting chat solution, trained and embedded over tens of thousands of pieces of data, not only allows underwriters to evaluate the risk associated with insuring a potential client for cancer insurance but can also explain the reasons behind its results—a feature that was not possible in prior AI-powered underwriting solutions.

For the first time, Linq has successfully demonstrated the combination of advanced AI, including Bayesian neural networks with LLMs. Linq has taken measures to backtrack the significant factors that determine the results in AI models, addressing a notable challenge that previous AI models faced. Their method reflects which factors overcome the limitations of prior AI models that could not explain the reasons for the results by AI. Jacob Choi, Founder and CEO of Linq, stated, “Working closely with South Korea’s leading insurance company gave us access to a wealth of high-quality data. This collaboration reinforced our belief in the power of LLMs to innovate in the underwriting sector.” He continued, “Our goal at Linq is to make it simpler for businesses to integrate their own knowledge with large language models using our advanced vector database management platform.” He also highlighted plans to incorporate multimodal embedding models to deepen the understanding of corporate documents.

About Linq:

Linq is dedicated to building a vector database management platform that empowers companies to harness large language models, unlocking the full potential of their internal knowledge. Linq’s precise and user-friendly API solution is starting to be used by leading legal and insurance firms in South Korea. In addition, it provides solutions for the technical support sector within the US market.

Contact Information:

Jacob Chanyeol Choi, Founder & CEO
jacob.choi@getlinq.com

PR Newswire

Appian Launches Connected Underwriting for Life Insurance in Partnership with Swiss Re

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New workbench enables holistic underwriting automation and workload management to improve operational efficiency and underwriter experience.

MCLEAN, Va., Oct. 26, 2023 /PRNewswire/ — Appian (Nasdaq: APPN) today announced the availability of the Connected Underwriting Life Workbench to help insurers unify workflows and data in an automated, end-to-end process. The solution makes underwriters’ lives easier by giving them a single interface to evaluate and classify risk, handle exceptions, and make case decisions.

Appian announces the availability of the Connected Underwriting Life Workbench to help insurers unify workflows and data in an automated, end-to-end process.
Appian announces the availability of the Connected Underwriting Life Workbench to help insurers unify workflows and data in an automated, end-to-end process.

The Connected Underwriting Life Workbench is a streamlined underwriting solution that is prebuilt on the Appian Platform. It is designed to drive speed to market with reduced IT effort for implementation. Its data fabric capabilities enable quick data and integration connectivity, coupled with AI-led automation that supports change management and optimized processes. Appian’s AI architecture, which includes generative AI capabilities, allows insurers to process content at scale and automate repetitive tasks, such as classifying emails and extracting data from documents. This allows Appian customers to facilitate faster benefit realization and enhance their competitiveness with a better underwriting experience. Life Workbench improves the quality, consistency and procedural adherence of cases. Additionally, the system allows 24/7 real-time monitoring and data extraction from various sources, seamless integration with third-party tools, and augmented decision-making with a complete audit trail.

Life Workbench offers a prebuilt integration with Swiss Re’s Magnum Pure, an influential automated underwriting solution powered by Swiss Re’s Life Guide. This integration empowers underwriters to overcome the complexities of multiple systems used to underwrite a case by bringing together all the relevant data, images, and human system interactions. Underwriters can better evaluate and classify risk, handle exceptions, and make critical case decisions rather than focusing on the procedural and administrative steps, transactions, and keystrokes. This partnership combines Appian’s expertise in AI, automation, data fabric, and case management with Swiss Re’s industry-leading automated underwriting engine, Magnum Pure, to simplify the underwriting process. The Swiss Re Magnum Pure solution must be purchased separately from the Appian Platform to enable the integration.

Key Benefits of Appian Connected Underwriting Life Workbench include:

  • Easier, more complete access to data. With Appian and Swiss Re’s Magnum Pure, underwriters have access to a best-in-class underwriting experience that provides a comprehensive, single-pane-of-glass view by surfacing relevant data from dispersed systems.
  • More efficient exception handling. Case management capabilities allow underwriters to spend less time collecting information and reduce the time it takes to handle exceptions, minimizing and in some cases eliminating manual processes and paperwork.
  • Process monitoring and optimization. Dashboards and KPIs help individuals, teams, and managers monitor underwriting processes and provide valuable insights about performance that can be used to optimize and improve case workflow, including initial review, case priority, and logic-based auto-assignment.

“Today’s customers demand seamless digital experiences, and insurers can’t afford to be held back by sluggish underwriting processes and data silos. Appian Connected Underwriting Life Workbench is a game-changer. It combines automation, data fabric, and plug-and-play integrations to accelerate underwriting, helping insurers avoid unprofitable risks and ensuring a superior experience for both customers and underwriters,” said Jacob Sloan, Industry Vice President, Global Insurance, Appian.

“This offering is powered by Magnum, Swiss Re’s automated underwriting solution and allows business users to render point of sale underwriting decisions faster and more seamlessly, ultimately improving the experience for the end consumer. We are delighted to utilize our product innovation expertise to help bring this offering to market,” said Jason Render, Head Magnum Americas, Life & Health Solutions, Swiss Re.

The Appian Platform modernizes underwriting with generative AI to minimize risk, increase efficiency, improve auditability, and ensure a positive customer experience. Key architectural components make it easy to leverage AI, including Appian’s data fabric architecture, Automated APS draft, Open AI natural language correspondence through AI Copilot, and private AI strategy for faster delivery of powerful and secure end-to-end process automation solutions.

Appian is trusted by leading insurance organizations such as Aon, Aviva, and Pacific Life to connect and automate data, equipping insurers to make informed, data-backed decisions. To learn more, visit https://appian.com/insurance.

About Appian

Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world’s most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]

Follow Appian: Twitter, LinkedIn.

Follow Appian UK: Twitter, LinkedIn.

About Swiss Re

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

Photo – https://techent.tv/wp-content/uploads/2023/10/appian-launches-connected-underwriting-for-life-insurance-in-partnership-with-swiss-re.jpg

Logo – https://techent.tv/wp-content/uploads/2023/10/appian-launches-connected-underwriting-for-life-insurance-in-partnership-with-swiss-re-1.jpg

PR Newswire

First Blockchain-Powered Luxury Watch Embedded Insurance

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HONG KONG, July 15, 2023 /PRNewswire/ — YAS (www.yas.io/timecare) is proud to announce the ground breaking launch of TimeCare, a revolutionary luxury watch insurance program powered by blockchain technology. TimeCare sets an unprecedented standard in the insurance industry, combining cutting-edge technology and protection to cater to the unique needs of luxury watch enthusiasts worldwide. This innovative solution offers enhanced security, transparency, and a seamless embedded insurance experience to cherished timepieces.

Blockchain Powered Luxury Asset Embedded Insurance Program by YAS.io
Blockchain Powered Luxury Asset Embedded Insurance Program by YAS.io

Distinguished by its features, TimeCare seamlessly embeds insurance coverage into the watch purchase process, providing a simplified application experience. Leveraging state-of-the-art blockchain technology, TimeCare elevates security, transparency, and efficiency in claims processing, establishing an indisputable record of ownership and authenticity. Unlike conventional home insurance policies with limited coverage and inconvenient way of value appraisal for individual luxury items, TimeCare at time of launch will cover up to US$12.8M total sum insured underwritten by one of YAS’ global underwriting partners.  YAS will also be working with luxury brands around the world, starting with an Asia renowned luxury watch retailer from Hong Kong.

Luxury watches aren’t merely accessories; they are often investments, memories and family heirlooms.  Watch owners deserves more prudent protection without the hassle and intimidation from conventional insurance process. TimeCare securely and permanently records policy details, coverage information, and watch records, including guarantee card details for watch buyers.

TimeCare was designed with utmost dedication and care for watch enthusiasts. This reflects YAS’ commitment to insurance innovation and customer satisfaction, redefining insurance offerings in the global luxury goods market.

William Lee, Co-founder of YAS, “TimeCare is more than just insurance; it represents a commitment to trust, transparency, and efficiency as we build the future of insurance for the new generation. We believe TimeCare will be a singularity moment in time where we start to redefine how insurance work. Combining the immutable nature of blockchain with the perpetual essence of a time piece is a perfect match. We are not waiting for tomorrow; we go beyond hypes, and we are doing it today.”

Looking ahead, TimeCare aims to expand its reach and impact the global luxury asset market. The successful launch in Hong Kong lays the foundation for further expansion into other regions and luxury products, whilst inspiring more industries to adopt similar programs and  innovation.

About YAS

Established in June 2019, YAS is an Asia based award winning Insurtech venture with a vision to offer new hyper-personalized and autonomous insurance protection thru the world of connected data. Leveraging, blockchain, machine learning AI models and GPS telematics technology,  it aims to introduce disruptive new business models, underwriting approaches and provide insurance inclusion for every moment that matters for people around the world. www.yas.io

PR Newswire

Waterdrop Inc. Announces Earnings Date Change: First Quarter 2023 Earnings Release Scheduled June 2, 2023

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BEIJING, May 31, 2023 /PRNewswire/ — Waterdrop Inc. (NYSE: WDH) (“Waterdrop” or the “Company”), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2023, before U.S. markets open on Friday, June 2, 2023, instead of the previously announced date of June 5, 2023.

Waterdrop’s management team will hold a conference call on June 2, 2023 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day) to discuss the financial results. Dial-in details for the earnings conference call are as follows:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Hong Kong Toll Free:

800-963976

Hong Kong:

852-58081995

Mainland China:

4001-206115

Chinese Line (Mandarin) Entry Number:

6683992

English Interpretation Line (Listen-only Mode) Entry Number:

8700524

Participants can choose between the Chinese and the English interpretation lines. Please note that the English interpretation option will be in listen-only mode. Please dial in 15 minutes before the call is scheduled to begin and provide the Elite Entry Number to join the call.

Telephone replays will be accessible two hours after the conclusion of the conference call through June 9, 2023 by dialing the following numbers:

United States Toll Free:

1-877-344-7529

International:

1-412-317-0088

Chinese Line Access Code:

1702325

English Interpretation Line Access Code:

8201572

Additionally, live and archived webcasts of the conference call will be available at the Company’s investor relations website at http://ir.waterdrop-inc.com/.

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

For investor inquiries, please contact

Waterdrop Inc.
IR@shuidi-inc.com

Source: Waterdrop Inc.

PR Newswire

GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”

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TOKYO, May 9, 2023 /PRNewswire/ — GA technologies Co., Ltd. (President and CEO: Ryo Higuchi, hereinafter referred to as “GA technologies”) and Finatext Ltd. (President and CEO: Akane Kinoshita, referred to as “Finatext”) have jointly developed a system providing an Embedded Property Insurance product which will be available for purchase by customers via the RENOSY online real estate marketplace*1. And Tokio Marine & Nichido Fire Insurance Co., Ltd. (President: Shinichi Hirose, hereinafter referred to as “TMNF”) will start offering the embedded Property insurance product for those who purchased investment properties at RENOSY from April 2023.

By adding TMNF’s property insurance product for individuals to Inspire*2, the SaaS for insurance business developed by Finatext, and connecting Inspire to RENOSY with APIs, RENOSY can offer its users to purchase property insurance products online, and such users can complete entire investment process from real estate investment planning to purchase properties and insurance at one-stop basis.

GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”
GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”

1. Background

As technology advances and online business models become more prevalent, customers’ expectations and actual processes for purchasing products and services are changing dramatically. Under these circumstances, an embedded insurance product that incorporates insurance products into actual products and services offered online is attracting attention as a convenient way to purchase an insurance product.

Owners of investment properties are often required to purchase property insurance when securing a loan. Real estate agents have received increasingly more feedback from customers that they want to purchase property insurance in a more convenient way. To meet such needs, GA technologies, which streamlines and digitalizes real estate investment procedures, and Finatext, which provides Inspire, a service that allows for fully digitalized insurance and embedded insurance products, have jointly developed a system providing an Embedded Property Insurance product.

2. Product Features

The partnership between GA technologies and Finatext to create embedded insurance for the online real estate marketplace is the first of its kind in the real estate and insurance industries in Japan*3. The product will provide a seamless customer experience, improve convenience for customers, and prevent customers from suffering uninsured risk. 

  • Purchasing Process on RENOSY Website (Available in Japanese only)

* This is a demonstration of how you select your preferred insurance package on the RENOSY website (available in Japanese only)
* This is a demonstration of how you select your preferred insurance package on the RENOSY website (available in Japanese only)

3. Future Initiatives

GA technologies and Finatext will continue to leverage their respective strengths to further meet the needs of consumers in Japan and globally.

*1: Commenced offering property insurance for owners of investment properties as “embedded insurance,” the first product of its kind in the real estate and insurance industry in Japan.

*2 Inspire is SaaS for insurance business provided by Finatext. For further information, please visit the service website.
https://finatext.com/solution/industry/inspire/

*3 Surveyed by GA technologies, Finatext and TMNF.

* Company names, product/service names, and logos mentioned in this press release are registered trademarks or trademarks of the respective companies.
  • GA technologies Co., Ltd.

Name: GA technologies Co., Ltd. (TSE Growth Market, ticker symbol 3491)
Address of Headquarters: Sumitomo Fudosan Roppongi Grand Tower 40F, 3-2-1 Roppongi, Minato-ku, Tokyo
Representative: Ryo Higuchi, President and Chief Executive Officer
Business: Development and operation of online real estate marketplace “RENOSY,” Development of SaaS type BtoB PropTech products
Established: March 2013

  • Finatext Ltd.

Name: Finatext Ltd.
Address of Headquarters: Sumitomo RD Kudan Bldg. 9F ,1-8-10, Kudankita, Chiyoda-ku, Tokyo, Japan
Representative: Akane Kinoshita, President and Chief Executive Officer
Business: Fintech solution business, big data analytics business, financial infrastructure business
Established: December 2018

CONTACT: Judy Yu, y_yu@ga-tech.co.jp

Source: GA technologies Co., Ltd.

PR Newswire

Lexasure Financial Group and Blimobil Announce Proposed Strategic Partnership

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JAKARTA, Indonesia, March 24, 2023 /PRNewswire/ — Lexasure Financial Group Limited (“Lexasure” or the “Company”), a leading provider of reinsurance and insurtech solutions in South and Southeast Asia, and PT Nawa Carciege Indonesia (“Blimobil“), an Indonesian digital trading platform in the auto market, announced a memorandum of understanding for a proposed strategic partnership that will provide a broad range of insurance offerings in Indonesia. 

Under the terms of the agreement, Lexasure will make an investment in Blimobil.  Blimobil’s marketplace, enabled by Lexasure and its partner network of insurers, will offer access to insurance products, including car insurance, usage-based auto insurance, home appliance, auto extended warranty insurance, and guaranteed asset protection (GAP) insurance.

Davy Jeffry Tuilan, Chief Executive Officer of Blimobil, said, “Launched in January, Blimobil is a rapidly growing online platform that connects independent car dealers, members, and buyers in Indonesia, with over 250 used car dealers currently participating in our network and rapidly scaling to 1,000 used car dealers by the end of 2023. Partnering with Lexasure broadens our ability to meet consumer needs with one-stop shopping for auto, financing, and now insurance products and services.”

Under the proposed strategic partnership, Lexasure will also provide back-end digital onboarding solutions and claims management for new insurance products through reinsurance capabilities such as personal cybersecurity insurance, personal accident, electronic products, extended warranty, pet insurance, and other lifestyle insurance.

“Building strategic partnerships is a cornerstone of our near-term strategy as we seek to accelerate the industry’s digital transformation and grow our footprint in key markets,” said Ian Lim, Chief Executive Officer of Lexasure. “Working with Blimobil presents an opportunity to offer a competitive suite of insurance products in the region with a local partner that can add value to a growing base of consumer relationships.”

The creation of the proposed strategic partnership is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.

About Lexasure Financial Group

Lexasure Financial Group is a leading Southeast and South Asia group providing reinsurance and digital insurance solutions, including Reinsurance-as-a-Service (RaaS), that enable our clients to manage risk, accelerate growth, and effectively compete. We are driving the digital transformation of the insurance and reinsurance industry with scalable and innovative products that meet the local needs of companies and people in fast-growing Asian markets. Our management team has deep expertise in the industries of reinsurance, insurance, and insurance tech. Our values are based on a belief that our products enable customers to live and grow boldly while enhancing resilience. We serve over 60 primary insurers across 22 countries in Asia and North America. For more information, go to lexasure.com.

About PT Nawa Carciege Indonesia (aka Blimobil)

Blimobil is a marketplace that synergizes used car, new car, and car financing businesses with the power of its used car dealer network to create a comprehensive online ecosystem. It empowers used car dealers to compete confidently and thrive in the industry-4.0 era while providing a customer journey that’s easy to navigate, a rigorous used car screening process, access to new car supply, and flexible financing.

Investor Contact

Crocker Coulson, CEO, AUM Media
+1 (646) 652-7185
crocker.coulson@aummedia.org

PR Newswire

Waterdrop and Jemincare Collaborate on the “Digital Service Platform for CKD Patients”

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BEIJING, Jan. 4, 2023 /PRNewswire/ — Waterdrop and Jemincare recently reached a cooperation, according to which both sides will jointly launch the “Digital Service Platform for CKD Patients”. Featuring both online and offline service modules ranging from follow-up visits and consultation with doctors to interpretation of data reports and popularization of disease knowledge, the platform is expected to offer patients efficient, convenient, and integrated chronic disease management services, and enhance their experience even without visiting hospitals.

Jemincare is committed to delivering CKD patients with a better experience in drug use, diagnosis, and treatment by offering services outside hospitals throughout the course of the disease. Boasting a series of proven tools devised to improve patient management services, Waterdrop Patient Platform, built on a patient-centric approach, can provide patients with services in the whole disease course outside hospitals. The bilateral cooperation is of positive significance in helping CKD patients solve problems associated with diagnosis, drug use, and daily care during the long cycle of treatment.

According to Yao Hu, co-founder of Waterdrop and General Manager of Waterdrop’s Pharmaceutical Innovation Business Unit, Waterdrop Patient Platform enjoys a solid foundation in offering patient services across the whole disease course outside hospitals and has put in place a multi-dimensional operation system that provides patients with one-on-one Q&A services related to reporting interpretation, drug use, disease knowledge explanation, nutrition & lifestyle guidance, and psychological support. As of September 2022, the platform had served 3 million patients with severe diseases and set up nearly 1,600 communities that covered patients of 12 common serious diseases and rare diseases. “Centering on patient needs, Waterdrop Patient Platform will further optimize service processes to bring more comprehensive, professional, and considerate services to patients. Also, empowered by digital technologies, the platform can help pharmaceutical partners boost quality and efficiency.”

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Waterdrop’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Waterdrop’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Waterdrop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Cision View original content:https://www.prnewswire.com/news-releases/waterdrop-and-jemincare-collaborate-on-the-digital-service-platform-for-ckd-patients-301713005.html

Source: Waterdrop Inc.

PR Newswire

Waterdrop Inc. to Report Third Quarter 2022 Financial Results on December 6, 2022

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BEIJING, Dec. 2, 2022 /PRNewswire/ — Waterdrop Inc. (NYSE: WDH) (“Waterdrop” or the “Company”), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, before U.S. markets open on Tuesday, December 6, 2022.

Waterdrop’s management team will hold a conference call on December 6, 2022 at 7:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day) to discuss the financial results. Dial-in details for the earnings conference call are as follows:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Hong Kong Toll Free:

800-963976

Hong Kong:

852-58081995

Mainland China:

4001-206115

Elite Entry Number:

5857670

Please dial in 15 minutes before the call is scheduled to begin and provide the Elite Entry Number to join the call.

A telephone replay will be accessible two hours after the conclusion of the conference call through December 13, 2022 by dialing the following numbers:

United States Toll Free:

1-877-344-7529

International:

1-412-317-0088

Access Code:

4470089

Additionally, a live and archived webcast of the conference call will be available at the Company’s investor relations website at http://ir.waterdrop-inc.com/.

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

For investor inquiries, please contact

Waterdrop Inc.
IR@shuidi-inc.com

Cision View original content:https://www.prnewswire.com/news-releases/waterdrop-inc-to-report-third-quarter-2022-financial-results-on-december-6-2022-301692247.html

Source: Waterdrop Inc.

PR Newswire

Waterdrop Co-founder Yao Hu Shares Progress in Pharmaceutical Innovation

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BEIJING, Nov. 18, 2022 /PRNewswire/ — On November 16, Mr. Yao Hu, co-founder of Waterdrop and General Manager of the Pharmaceutical Innovation Business Unit, attended the Jiemian(Jiemian.com) Big Health Forum 2022 sponsored by Shanghai United Media Group, at which he shared the exploration and headway Waterdrop has made in pharmaceutical innovation over the last two years.

Hu said, Waterdrop has made “bringing insurance and healthcare service to billions through technology” its mission since it was established in 2016. Over the last six years, it has worked to make medical treatment affordable to patients and served over 110 million customers through a wide range of health insurance products. It also launched Waterdrop Medical Crowdfunding, which helped 2.58 million patients with severe critical illness raise RMB53.3 billion of funds and eased the financial pressure on those in difficulties.  

While serving patients, Waterdrop has developed a chain of healthcare-related services and launched the pharmaceutical innovation service to offer platforms for the pharmaceutical industry.

Currently, Waterdrop’s pharmaceutical innovation service centers on three platforms, i.e. Waterdrop Patient Platform, Digital Marketing Platform, and E-find (E-find Recruitment and E-find CRO).

Hu gave a detailed introduction to E-find, which features a professional team, fast patient enrollment into clinical trial groups, a competitive platform, and digital operation. Relying on the strengths, E-find Patient Recruitment has grown into a leading third-party patient recruitment platform at home in just two years, with a highly competitive edge in the tumor field. As an Internet tech enterprise, Waterdrop boasts strong capabilities in digitalizing patient screening for research centers, subject compensation, the match between patients and projects, and follow-up visits to subjects.

Waterdrop Patient Platform commits to building a full-lifecycle service system for patients with critical illnesses. The digital marketing platform provides pharmaceutical enterprises with services like market potential evaluation and precise and comprehensive market surveys, to help partners develop targeted marketing strategies and complete digital marketing efficiently and precisely.

Hu said, “Focusing on millions of patients with severe illness, Waterdrop’s pharmaceutical innovation service aims to speed up the R&D of innovative drugs and promote digital marketing for pharmaceutical enterprises. Over the past two years, we’ve carried out remarkable strategic cooperations with countless pharmaceutical enterprises and research institutes. Going forward, we expect to engage with more partners to deliver more fruitful results.”

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Waterdrop’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Waterdrop’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Waterdrop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Cision View original content:https://www.prnewswire.com/news-releases/waterdrop-co-founder-yao-hu-shares-progress-in-pharmaceutical-innovation-301682542.html

Source: Waterdrop Inc.