On August 23rd, Baozhunniu in NNFE`s investment hosted the "Insurance·Customization·Technology” Baozhunniu Series B Financing Press Conference & China Human Resource Service Industry Management and Risk Control Innovation Summit at the Grand Millenium Hotel in Beijing.
In the morning of August 23rd, Baozhunniu, the national leading scene insurance customization platform, officially announced the completion of 100 million Yuan for Series B financing, which was led by Marathon, Peng Xiaomei, the former COO/GGV capital partner in Qunar, Zhongguancun River Rivercapital and Series A investor NNFE and Matrix continued with the investment.
Baozhunniu used 2B2C business model to solve the existing problems in the traditional insurance industry: use accurate pricing and modeling to realize dynamic risk control and reduce the cost of insurance; connect open platform with distribution to promote the upgrading of consumption; use AI technology to enhance the efficiency of claims.
When customizing products in heavy vertical scenes, Baozhunniu will not simply push the traditional standardized products online, but dig deep the insurance demand of businesses and individuals, collect data from various dimensions, such as individual, time, behavior, links, use the Internet technology and big data risk control, to customize new insurance products with low cost and security service system to help businesses and individuals to transfer risk and achieve realization.
As of July 2017, Baozhunniu has customized more than 100 insurances for over 10 industries, with more than 10 million passengers per day and a total of more than 1 billion people insured.
Dai Jun, the partner of NNFE, said: "at present, the domestic insurance has a 3+ trillion in scale, and in the next three years, it will reach 5 trillion. Although the domestic insurance market has great potential, but because of the characteristics of the traditional insurance industry, the domestic insurance industry urgently needs to find a new breakthrough. Baozhunniu team was employed in the insurance industry for many years, the founding team has rich Internet + insurance + technology integration experience, has accumulated a large number of domestic and foreign insurance resources, with both the Internet genes and technical background, I believe they can have a broad prospect."
In the afternoon of August 23rd, Chinese human resource service industry management and risk control innovation summit was successfully sponsored by Baozhunniu in Beijing, in which giants of China human resource service industry, consulting management experts, top investors, enterprise service outstanding business representatives were invited to attend and announce the wonderful keynote speech, Gao Wei, senior vice president of NNFE made splendid sharing and discussion on the theme of “Enterprise Structure Governance and Partnership in Sharing Era”.
Guo Wei, senior vice president of NNFE, said in his speech: "there are two types of so-called partners, one in the legal sense, that is, partners in the partnership. They include limited partners and general partners. Ordinary partners bear unlimited joint and several liabilities. Limited partners undertake limited joint and several liabilities with the share of their investment. The other type is those in the sense of enterprise management, which we call business partners. Business partners are an internal system arrangement designed for enterprises to meet the requirements of the development of knowledge economy era and to stimulate the creativity of knowledge capital. Business partners are different from legal partners, but in practice, both of them are taken into account.
A business partner is a group of people who identify highly with organizational values, commit and implement organizational goals and principles. The mechanism of business partner is the management mechanism of establishing, selecting, managing and motivating the whole life cycle of a business partner.
We believe that as long as identify the problem, clear thinking, strengthen determination, the partner mechanism is sure to put down roots in the enterprise.
