Best InsurTech Companies in China
The 125 best InsurTech companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Suning Finance.
China's InsurTech sector is one of the most capital-dense bets in global fintech right now, and this directory ranks the best InsurTech companies in China by disclosed equity funding and recent momentum across 125 tracked firms. Total disclosed funding hits $8.7B, anchored hard by Suning Finance at $3.2B and Shuidihuzhu at $528M. Two unicorns have cleared the threshold. The global market was $16.6B in 2021 and is forecast to reach $165.4B by 2032 at a 30.34% CAGR, and China's funding stack suggests it's not waiting for that curve to arrive. AI claims processing and digital insurance platforms are the themes pulling capital right now, with Matrix Partners China and Gaorong Capital among the most active backers in the cohort.
So what's actually driving urgency this quarter? Workplace injury claims up 31% year-on-year is the kind of demand signal that makes digital claims infrastructure look less like a nice-to-have. As shown in 2022 research, digitization of insurance services measurably reshapes customer adoption curves, which is exactly what you'd expect to see reflected in China's funding momentum. Regulatory headwinds around data privacy and cyber-attacks add friction, but the capital keeps moving.
- Top Insurtech Companies
Our analysis of 50 InsurTech companies
$13.8b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best InsurTech companies in China
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Suning Finance 🦄 Online platform for financial products 55Moat top 15%Funding top 27%Market top 41%Talent bottom 49% All 5 signals ▾Moattop 15% Fundingtop 27% Markettop 41% Talentbottom 49% Globalbottom 36% Moat: Editorial + unicorn rating 9/10 · Unicorn Funding: Raised $3.2B across 4 rounds · 4 rounds over 11 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $3.2B | 80 mo ago | Series C | — | Zhang Jindong Founder | — | — | — |
| 2 | FWD 🦄 Online life and health insurance platform for individuals 78Funding top 20%Market top 25%Moat top 26%Tech top 32% All 10 signals ▾Fundingtop 20% Markettop 25% Moattop 26% Techtop 32% Partnerstop 32% Newstop 35% Producttop 35% Globaltop 36% Growthtop 45% Talentbottom 49% Funding: Raised $1.8B across 3 rounds · 3 rounds over 5 yrs (0.6/yr) Market: 6,824 employees (top 1% of FinTech) · Top-5,000,000 web property rank vs industry peers · Fliar Intelligence Index 78/100 | $1.8B | 42 mo ago | Public | 6,824 | Huynh Phong CEO | Node.jsVideoJSMUI+15 | — | 1 internship · 1 award |
| 3 | Fanhua Online comparison platform for life and non-life insurance products | $982M | 110 mo ago | Late Stage | 5,328 | — | — | — | — |
| 4 | ZhongAn Insurance Online insurance platform for individuals | $942M | 132 mo ago | Public | 3,969 | Ma Mingzhe Co-Founder | Node.jsNext.jsReact+6 | 4 patents AI-driven data analysis and fraud detection for insurance claim processing | — |
| 5 | Shuidihuzhu Online platform for P2P health insurance 22Moat top 22%Funding top 27%Growth top 45%Talent bottom 49% All 7 signals ▾Moattop 22% Fundingtop 27% Growthtop 45% Talentbottom 49% Globalbottom 38% Techbottom 30% Marketbottom 17% Moat: Editorial + unicorn rating 8/10 · Soonicorn Funding: Raised $528M across 5 rounds · 5 rounds over 10 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 22/100 | $528M | 71 mo ago | Series D | 19 | Peng Shen Founder & CEO | SentryVue.jsApache APISIX+3 | — | — |
| 6 | Waterdrop Online comparison platform for health insurance 69Growth top 20%Funding top 25%Product top 26%Talent top 28% All 10 signals ▾Growthtop 20% Fundingtop 25% Producttop 26% Talenttop 28% Innovationtop 31% Newstop 33% Markettop 45% Globalbottom 38% Moatbottom 38% Techbottom 25% Funding: Raised $525M across 3 rounds · 3 rounds over 8 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $525M | 66 mo ago | Public | 2,719 | Peng Shen Co-Founder & CEO | Vue.jsApache APISIXcore-js+1 | — | — |
| 7 | OneDegree Online platform for P&C insurances 64Tech top 29%Moat top 31%Funding top 33%Talent top 34% All 9 signals ▾Techtop 29% Moattop 31% Fundingtop 33% Talenttop 34% Markettop 44% Growthtop 45% Producttop 49% Globalbottom 38% Newsbottom 27% Tech: 50 technologies across 5/8 capability areas · Cloud: Azure, Cloudflare Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 64/100 | $108M | 28 mo ago | Series B | 300 | Alvin Kwock Co-Founder & CEO | WordPress Site EditorPrismicWordPress+44 | — | — |
| 8 | Bowtie Provider of digital insurance policies and preventative health medical services 55Moat top 31%Funding top 32%Tech top 32%Talent top 38% All 10 signals ▾Moattop 31% Fundingtop 32% Techtop 32% Talenttop 38% Growthtop 45% Producttop 45% Markettop 47% Innovationbottom 40% Globalbottom 36% Newsbottom 21% Moat: Editorial + unicorn rating 8/10 · Soonicorn Funding: Raised $87.4M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $87M | 11 mo ago | Series C | 100 | Fred Ngan Co-Founder & Director | Webflow EcommerceWebflowApple iCloud Mail+29 | — | 1 award |
| 9 | Nanyan Information Technology Software suite for insurance industry | $52M | 68 mo ago | Series C | 70 | — | — | — | — |
| 10 | MoneyHero Online comparison platform for life and non-life insurances | $50M | 102 mo ago | Series B | 250 | — | TurbopackSentryNode.js+32 | — | — |
| 11 | Huize E-commerce platform for insurance comparison and purchase policies | $46M | 118 mo ago | Public | 1,034 | — | ElasticsearchNode.jsJava+9 | — | 1 launch |
| 12 | Shenzhen Zhongshunyi Financial Services Insurance policy management solutions for businesses | $45M | 86 mo ago | Series A | — | Li Feng CEO | — | — | — |
| 13 | Hangzhou Fansheng Technology Insurance purchase decision-making platform | $38M | 81 mo ago | Series B | 19 | Zhang Yaopeng Founder & CEO | — | — | — |
| 14 | Baozhuniu Online insurance platform for businesses | $34M | 62 mo ago | Series C | — | Bao Xiaoniu Founder & CEO | — | — | — |
| 15 | 51Shebao Insurance and benefits services platform for enterprises | $29M | 108 mo ago | Series C | 88 | Yu Qingquan Founder & CEO | Node.jsEnvoyVue.js+6 | — | — |
| 16 | Leapstack AI and big data-based risk & claim management solutions for the health insurance industry | $24M | 29 mo ago | Series C | — | Jason Liu Founder | — | — | — |
| 17 | Shanghai Shangyong Network Technology Network technology platform for internet insurance technology | $15M | 57 mo ago | Series C | 30 | — | — | — | — |
| 18 | CoverGo Insurance claim management and quoting solutions for the insurance industry | $15M | 49 mo ago | Series A | 120 | Tomas Holub Founder & CEO | WordPressMySQLPHP+28 | 4 patents Automated digital platform for creating, managing, and executing insurance contracts | 1 launch · 1 award |
| 19 | Xiaoyusan Online insurance aggregator platform | $14M | 63 mo ago | Series C | — | Yao Guang CEO | PHPVue.jscore-js+5 | — | — |
| 20 | Shenlanbao Insurance platform offering comparison services | $14M | 76 mo ago | Series B | 900 | — | Node.jsVue.jsNuxt.js+7 | — | — |
| 21 | MediConCen Provider of an automated insurance claim processing platform using blockchain technology | $13M | 28 mo ago | Series A | — | William Yeung Co-Founder & CEO | — | — | — |
| 22 | OkChexian Mobile-based comparison platform for automobile insurance | $12M | 119 mo ago | Series A | — | Paul Qi Founder/CEO | — | — | — |
| 23 | Beijing Yi Chong Technology Cloud-driven insurance quoting solutions for the auto insurance industry | $8M | 101 mo ago | Series A | — | Zhao Peng Co-Founder | — | — | — |
| 24 | Ignatica Cloud-based product development and data analysis solutions for the insurance industry | $7M | 62 mo ago | Seed | 40 | Adhish Pendharkar Co-Founder | — | — | — |
| 25 | YAS App-based micro health insurance solutions for individuals | $4M | 44 mo ago | Seed | — | William Lee Co-Founder | PleskApple iCloud MailGoogle Workspace+26 | — | — |
| 26 | Yiqihuzhu Online P2P insurance platform | $4M | 117 mo ago | Deadpooled | — | Gao Jing Co-Founder & CEO | — | — | — |
| 27 | Galileo Platforms Blockchain-based insurance solutions | $2M | 92 mo ago | Series A | 11 | — | — | — | — |
| 28 | Beijing Anfubao Technology Insurance comparison platform | $2M | 122 mo ago | Deadpooled | — | Fu Lijuan CEO | — | — | — |
| 29 | Yitongbx P2P healthcare insurance platform | $2M | 102 mo ago | Deadpooled | — | Guo Rui Founder | — | — | — |
| 30 | Baobaoji Online P2P insurance platform | $2M | 125 mo ago | Seed | — | Yan Liang Founder & CEO | — | — | — |
| 31 | Knowledge Vision AI-powered health insurance service platform | $1M | 79 mo ago | Series A | — | Neo Xiang CEO | — | — | — |
| 32 | Topmdrt Application and tool enabling insurance agents | $1M | 125 mo ago | Seed | — | Li Haojian Founder & CEO | — | — | — |
| 33 | Banmahz P2P insurance platform | $763K | 121 mo ago | Seed | — | Year Clean Founder & CEO | — | — | — |
| 34 | Jubao56 Online insurance platform for logistics | $650K | 97 mo ago | Seed | — | Zhou Wei CEO | — | — | — |
Top 12 InsurTech companies in China
#1
Series C · Hong Kong, Hong Kong · founded 2018 · 100 employees$87.4Mraised▾
Provider of digital insurance policies and preventative health medical services. Offerings include medical, life, critical illness, cancer, and accident insurance plans managed through an online platform. Clinical services encompass physical examinations, general practitioner consultations, vaccinations, and eye care assessments. These health services focus on preventative care and diagnostic testing to manage wellness and identify potential health risks.
- Jul 2025Series C$70M
- Sep 2023Series B$34.9M
- Oct 2021Series B$22.6M
- Dec 2018Series A$29.9M
#2
FWD 🦄Public · Hong Kong, Hong Kong · founded 2013 · 6824 employees$1.8Braised▾
Online life and health insurance platform for individuals. It offers life insurance, medical insurance, general insurance, employee benefits, and more. It features an online claims platform for the policyholders. It also offers shariah and family takaful insurance.
- Dec 2022Angel$200M
- Jan 2022PE$200M
- Dec 2021PE$1.4B
#3
Series B · Kwun Tong, Hong Kong · founded 2016 · 300 employees$108.5Mraised▾
Online platform for P&C insurances. It offers insurance solutions including fire protection, pet protection, flood coverage, earthquake-related damage protection, and more. It also offers cyber insurance for users.
- Feb 2024Series B—
- Jul 2023Series B—
- Jul 2023Venture Debt—
- Jun 2023Series B$55M
#4
Series C · Nanjing, Jiangsu · founded 2015$3.2Braised▾
Suning Finance provides an online platform for financial products. Its product includes consumer loans such as personal loans & purchase financing, business loans such as credit lines & invoice financing, investment & financial management, insurance, and more. It also provides a wallet for making online payments & money transfers, gift cards, and more.
- Sep 2019Series C$1.4B
- Dec 2017Series C$817M
- Jan 2017Series C$969.8M
- Oct 2016Series B$44.6M
#5
Series C · Shanghai, Shanghai · founded 2016$23.6Mraised▾
AI and big data-based risk & claim management solutions for the health insurance industry. The platform offers products including flagship for commercial claims adjustment, guard for compliance identification, intelligent audit, fund control & other services for medical insurance, shelter for social security administrations management, and more.
- Dec 2023Series C—
- Dec 2021Series C$23.6M
#6
Series D · Chaoyang, Beijing · founded 2016 · 19 employees$528.1Mraised▾
Online platform for P2P health insurance. It offers plans for high medical fees faced by most patients, especially those with a critical illness like cancer. The platform will crowdfund the medical fees from all of its users. It also offers an insurance plan for cancer. After they are approved, users can get the payout if they are diagnosed with cancer.
- Jul 2020Series D$230M
- Jun 2019Series C$147M
- Mar 2019Series B$74M
- Aug 2017Series A$24.2M
#7
Public · Chaoyang, Beijing · founded 2016 · 2719 employees$525Mraised▾
Online comparison platform for health insurance. It offers business solutions including Waterdrop Insurance Marketplace for health and life insurance products, Waterdrop Crowdfunding for fundraising, Waterdrop Medicine for healthcare & pharmaceutical services. It also offers insurance awareness solutions for users.
- Nov 2020Series D$150M
- Aug 2020Series D$230M
- Jun 2019Series C$145M
- Oct 2018Series C—
#8
Series A · Kowloon, Hong Kong · founded 2018$12.7Mraised▾
Provider of an automated insurance claim processing platform using blockchain technology. The platform automates insurance claims for both the insured and insurers. It offers claim estimation, decision-making, and payment settlement. The platform uses AI and expert knowledge to detect fraud and streamline claim approvals. It also provides claim analytics for underwriting and product development. The technology offers feedback and support to insured individuals through various channels. It connects insurers to service providers and facilitates fast settlements through standardized codes.
- Feb 2024Series A$6.8M
#9
Late Stage · Guangzhou, Guangdong · founded 1998 · 5328 employees$982.2Mraised▾
Online comparison platform for life and non-life insurance products. It offers quotes for health insurance, property insurance, damage assessments, and more. It offers third-party insurance plans. It also offers insurance claims assistance solutions.
- Apr 2017Post IPO$29.2M
- May 2011Post IPO$953M
#10
Public · Shanghai, Shanghai · founded 2013 · 3969 employees$941.7Mraised▾
Zhong An provides an online insurance platform for individuals. It provides quotes for health insurance, travel insurance, car insurance, accident insurance, and more. It also provides group insurance and employee insurance for businesses. It provides a platform for claims support and tools for HR policy management.
- Jun 2015PE$941.7M
#11
Series C · Shanghai, Shanghai · founded 2016 · 70 employees$52.1Mraised▾
Nanyan Information Technology provides software suite for the insurance industry. It features solutions for sales management, internet marketing, product analysis, promotion training, customized product, docking system, system designing, and product follow up. It offers solutions for payment, billing, settlement, correction, and claims.
- Oct 2020Series C$37.1M
- Jan 2020Series B—
- Nov 2018Series B$15M
- Dec 2017Series B—
#12
Series C · Tianjin, Tianjin · founded 2015$33.8Mraised▾
Online insurance platform for businesses. It offers coverage for personal accidents, third-party liability, platform liability, asset theft and loss of service personnel, loss of work expenses, hospitalization allowance, and more. It also offers an AI-based claims settlement platform.
- Apr 2021Series C$15.3M
- Aug 2018Series B—
- Aug 2017Series B$14M
- Aug 2016Series A$4.5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of InsurTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Insurtech is moving in China
A read on the academic research around Insurtech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 21 China-affiliated papers.
- Shandong University of Science and Technology2
- Shenzhen University2
- Longyan University2
- Zhangzhou Normal University2
- Guilin University of Technology2
- Scheme (mathematics)2
- Pride1
- Blockchain1
- Computer security1
- Encryption1
- China4
- Agriculture3
- Product (mathematics)3
- Big data2
- Empirical research2
- Life insurance1
- Context (archaeology)1
- Business interruption insurance1
- Digital transformation1
- Casualty insurance1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.