Third-party global insurance technology platform Nanyan completes B2 funding of more than RMB100m

Nanyan Information Technology, a third-party global insurance technology platform, recently announced that it has obtained over 100 million yuan in B2 round of financing, led by BOC International, Bluerun Ventures and other old shareholders.

Nanyan Information Technology, a third-party global insurance technology platform, recently announced that it has obtained over 100 million yuan in B2 round of financing, led by BOC International, Bluerun Ventures and other old shareholders.

Established in 2015, Nanyan completes the tool level upgrade for insurance companies, reinsurers and intermediaries, and provides a comprehensive SaaS solution from intermediary-insurer-reinsurance to optimize the cost structure of the entire insurance business process improving service efficiency through big data + AI. Founder and CEO Gong Xun, the former CFO of Royal & Sun Alliance Insurance (China), has more than 20 years of experience in the insurance industry.

When this round of financing was completed, Nanyan also officially announced the completion of the acquisition of Medilink-Global, a health insurance TPA service provider.

Medilink is a professional independent service company specializing in third-party management of health insurance. It has established a comprehensive medical service network at home and abroad by establishing a solution combining its core ECCS system and+ front-end direct payment solution. After the acquisition of Medilink is completed, Nanyan will be upgraded to a model of MGA + SaaS + TPA model, which will open up the link of claims and truly achieve end-to-end services.

In 2020, Nanyan will focus on the fast-growing health insurance, deeply integrate with Medilink, establish deeper cooperation with hospitals, and expand more services of upstream and downstream of health insurance, focusing on mid-to-high end health insurance market, and continue to increase investment in product research and development and improve the existing product lines.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/third-party-global-insurance-technology-platform-nanyan-completes-b2-funding-of-more-than-rmb100m/.

Leave a Reply

Please Login to Comment