Waterdrop Inc

NYSE:WDH

Waterdrop, Inc. engages in online insurance brokerage services to match and connect users with relevant insurance products underwritten by insurance companies. The company is headquartered in Beijing, Beijing. The company went IPO on 2021-05-07. The firm is mainly engaged in operating an independent third-party insurance platform dedicated to providing insurance and healthcare service. The Company’s main businesses are the insurance marketplace, medical crowdfunding, and mutual aid. The insurance marketplace business is collaborated with insurance carriers to offer health and life insurance products to ensure a smooth and friendly user experience throughout the process from underwriting to claim services. The medical crowdfunding business is enabled people with significant medical costs need to seek help from caring hearts through technology. Patients or their relatives or friends can initiate crowdfunding campaigns on the platform and share campaign information through social networks. Mutual aid business operates the Waterdrop Mutual Aid platform enabled participants to help one another to ease their medical cost burden.