BEIJING, Oct. 27, 2021 /PRNewswire/ -- Waterdrop Inc.
(NYSE: WDH) ("Waterdrop" or "the Company"), a leading technology
platform dedicated to insurance and healthcare service with a
positive social impact, announced that Waterdrop became a finalist
for 2021 China Corporate ESG Best Social Case Award organized by
leading media organization Cailian.
"Waterdrop's mission is to bring insurance and healthcare
service to billions through technology. Waterdrop uses internet
technologies to serve users from lower tier cities who are largely
underserved, and to provide these users with inclusive insurance
products and healthcare services", said Shen Peng, Founder and CEO of Waterdrop.
Ye Yingxi, head of ESG Department at Waterdrop, said that social
responsibility is embedded in Waterdrop's DNA. "We originated the
business to solve users' medical payment and healthcare needs, and
aim to supplement the social medical insurance system in
China", she said. "We have built a
massive social network of protection and support for people,
raising awareness of insurance and ultimately providing affordable
insurance and healthcare service to users."
Waterdrop released its first ESG & CSR Report in 2019,
according to Ye, the company is currently actively elevating its
strategy in the ESG & CSR space. As early as in 2017, Waterdrop
established Waterdrop Foundation to carry out its charitable
activities, which provides the institutional infrastructure for
Waterdrop to further develop its ESG footprint. Ye believes that in
addition to financial responsibility, a great company also needs to
take multiple social responsibilities.
According to the award organizer Cailian, the award pays tribute
to the Chinese companies that have made outstanding contributions
to the development of ESG in China. The award represents the industry's
recognition of responsible enterprises and helps spread their
influence.
In the first half of 2021, Waterdrop Insurance Marketplace
generated first-year premiums ("FYP") of RMB
9.8 billion. The cumulative number of insurance customers of
Waterdrop reached 102.1 million, and the cumulative number of paid
insurance users reached 24.9 million. Through Waterdrop Medical
Crowdfunding platform, as of June
2021, approximately 372 million people donated RMB 43 billion in aggregate to over 2.1 million
patients who have been seeking help to afford significant medical
cost, and Waterdrop charges zero fee from this business.
In recent years, Waterdrop also has been actively fulfilling its
social responsibilities by operating Waterdrop Charity Foundation,
a platform aspiring to improve the social charity infrastructure
and social charity funds utilization efficiency through technology.
Waterdrop Charity was included in the list of public internet
crowdfunding platforms for charitable organizations recognized by
Ministry of Civil Affairs of the PRC. By the end of 2020, nearly 44
million donations were generated through Waterdrop Charity, with
RMB 846 million cumulatively
raised.
About Waterdrop Inc.
Waterdrop Inc. (NYSE: WDH) is a leading technology platform
dedicated to insurance and healthcare service with a positive
social impact. Founded in 2016, with the comprehensive coverage of
Waterdrop Insurance Marketplace and Medical Crowdfunding, Waterdrop
aims to bring insurance and healthcare service to billions through
technology. For more information, please visit
www.waterdrop-inc.com.
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SOURCE Waterdrop Inc.