Searching for China's New Healthcare Insurance Policy: A Milestone Initiative by Taikang Online
From 8% to 40%, Health Insurance Has Huge Growth Potential
In 2020, China's health insurance market size will exceed RMB 600 billion
Huang Hong, former Vice Chairman of the China Insurance Regulatory Commission, once stated that there remains a significant gap between China’s health insurance industry and the people’s growing demand for medical security.Health insurance accounts for only 8% of total premiums in China, compared to 40% in the United States.. This also demonstrates the significant growth potential of health insurance.
According to data, in the coming years,The average annual growth rate of health insurance is expected to exceed 25%, with national health insurance premium income reaching RMB 600 billion by 2020.Meanwhile, health insurance will be subject to tax policiesDriven by leverage, it has entered a strategic window of high-speed and rapid development, continuing to maintain the strongest vitality and fastest growth rate in the insurance industry, gradually narrowing the gap with property and casualty insurance and life insurance, and becoming one of the three major business segments alongside them.。
“Insurance Policies + Health Management” Emerge as a New Growth Model for Health Insurance
Internet Healthcare + Insurance Collaboration Will Drive the Next Round of Rapid Industry Growth
Health insurance will adopt the “insurance policy + medical and health services” model for its future development., boosting the growth rate of new policies and enhancing expectations for improved new policy mix, while leveragingThe “Healthy China” national strategy is set to spark a new wave of collaboration between internet healthcare platforms, innovative medical enterprises, and insurance providers.
As an important frame of reference, the United States'Commercial health insurance companies offer a diverse and extensive range of products, primarily focusing on medical insurance, disability income insurance, and long-term care insurance, with comprehensive and rich coverage. For instance, medical insurance not only covers hospitalization, emergency care, prescription drugs, dental care, vision care, physical examinations, and immunizations, but also includes mental health services and home healthcare. The operational model of the U.S. commercial health insurance industry is predominantly based on managed care, mainly including Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Point-of-Service plans (POS), and Exclusive Provider Organizations (EPOs).
In comparison, there is still significant room for improvement in insurance product design in China, and insurance companies require more partners.
As healthcare reform in China enters a deeper phase, the government has continuously released favorable “signals” from 2012 to the present, and barriers to collaboration between internet healthcare providers, innovative medical enterprises, and insurance companies have been steadily diminishing.
Initiated by Taikang Online
“Seeking New Insurance Policies for Healthcare in China”
2016 Healthcare + Insurance Collaboration Proposal Call
Established in November 2015, Taikang Online Property Insurance Co., Ltd. is a wholly-owned subsidiary of Taikang Life Insurance Co., Ltd., and isThe First Internet Insurance Company Established by a Major Chinese Insurance EnterpriseOn August 22, 2000, Taikang Online was officially launched and began operating internet insurance business. After more than a decade of exploration and accumulation, it has gradually grown into an industry-leading internet insurance brand. Now, Taikang Online has obtained the license for internet property insurance, truly achieving the integration of property and life insurance. Since its establishment, Taikang Online has actively collaborated with major internet companies, continuously innovating in products, scenarios, and user experience, and has provided online insurance services to over 100 million users cumulatively.
Taikang Online and VCBeat have jointly launched this event, with the aim of strengthening in-depth collaboration between innovative healthcare companies and insurers. By adopting a more open, inclusive, and efficient approach, we are opening up cooperation channels to facilitate centralized engagement with innovative healthcare enterprises.Drive bilateral commercial innovation, exploration, and practice to identify “new healthcare insurance policies” that align with the development trends of the Chinese market.
This event will bring to participating institutions
Faster Access Channels for “Insurance + Healthcare”
More Direct Dialogue on “Insurance + Healthcare” Needs
More Sincere “Insurance + Healthcare” Partnership Resources
A More Inclusive Model of “Insurance + Healthcare” Collaboration
A More Imaginative Closed-Loop Business Model for “Insurance + Healthcare”
A More Sustainable “Insurance + Healthcare” Commercial Cooperative Social Platform
Intended Areas
Enterprises with advantages in doctor-patient resources or products within the broader health sector, including but not limited to internet healthcare (covering vertical demographics and specialized disease categories), innovative public medical institutions, mid-tier private medical institutions, health service providers such as physical examination and rehabilitation centers, precision medicine, and smart wearable devices.
Your Distance from “+Insurance”
Only a Small Table
Visit the event website and click “Register Now”
http://act.vcbeat.top/index.php/Find/index.html
Scan the QR code for more event details.
Event Inquiries: Mr. Li 023-67685030
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We welcome more media partners interested in collaboration to contact us.
Contact: 023-67685030 Ms. Xi
About Taikang Online
Taikang Online is the first internet insurance company initiated and established by a major Chinese insurance enterprise, officially launched on November 18, 2015. As early as 2000, Taikang Life Insurance had already focused on the future development of the insurance industry, organically integrating traditional business with the internet by establishing China’s first insurance e-commerce platform, the predecessor of Taikang Online.
Taikang Online has been committed to innovating and expanding its internet insurance business, as well as deeply integrating online and offline insurance services, with the aim of building an internet insurance ecosystem that integrates four pillars: “vibrant elderly care, premium healthcare, exceptional wealth management, and end-of-life care.”