STARTUP PROFILE

Waterdrop (Shuidi)

Updated: 05/2021

Waterdrop (Shuidi)

China / Beijing , China

Website

IPO 05/2021

Pitch

Through crowdfunding, Chinese insurtech firm Waterdrop makes treatment for critical diseases accessible to the majority of China's population who have no commercial health insurance.

Why

Critical disease treatments expensive

Critical disease and cancer treatments are too expensive for Chinese citizens without commercial health insurance.

Costly traditional insurance plans

With human agents as middlemen, traditional insurance plans tend to be expensive.

Market

26.1%

Projected percentage of China’s life/health insurance premiums from online channels by 2024, growing from 6% in 2019 at a CAGR of 26.1%: iResearch.

The rest of the content is only available if you are logged in.

Don't have a CompassList Account? Register for free

RELATED INSIGHTS

Bright Ideas

Waterdrop: Using crowdfunding and social media to disrupt health insurance

Crowdfunding

The Big Picture

China’s online mutual aid market: A new battleground for tech giants and startups

RECOMMENDED

Indonesia Agritech Report 2020: Startups, Investors and Outlook

Download

Bright Ideas

Waterdrop: Using crowdfunding and social media to disrupt health insurance

Insurtech startup Waterdrop helps families in China who cannot afford medical treatment to raise money via online mutual aid and crowdfunding, while selling insurance plans too

Crowdfunding | Insurance | Marketplaces & Platforms

The Big Picture

China’s online mutual aid market: A new battleground for tech giants and startups

Startups spotted the opportunity and tech giants too have entered a market seen tripling by 2025. But profitability is still in doubt amid regulatory uncertainty

Insurance | Crowdfunding | Social Enterprises