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The Chinese insurance marketplace uses AI to match consumers with suitable coverage options. And its digital-first solution can help bridge China s insurance gap, especially since the life and health insurance market is set to grow. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included Cathay Capital and Hike Capital, per Deal Street Asia. Chinese insurtech raises mega-round. Insider Intelligence The insurtech only launched last year and holds a national insurance brokerage license. It operates as a marketplace, selling coverage options from third-party insurers. It will use the fresh capital to fund the R&D of its core technologies and build smart insurance services. ....
The insurtech will help Covéa enhance its auto claims processing with computer vision technology. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. UK-based insurtech Tractable strengthened its partnership with Covéa, a French mutual insurance company, to enhance the latter s claims process, per a press release. The auto insurance landscape continues to heat up. Insider Intelligence Under the partnership, Tractable s AI will analyze damage to cars across Covéa s three brands: MAAF, MMA, and GMF. The latest agreement builds on Tractable and Covéa s collaboration since 2016 to simplify claims management. ....