# Nuanwa Technology

> AI\-driven health insurance technology platform for underwriting and claims automation

## At a glance

| Field | Value |
| --- | --- |
| Category | Underwriting & Risk |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Shanghai, China |
| Founded | 2018 |
| Stage | Growth |
| Employees | 201-500 |
| Funding | Series A+ |

## Overview

Nuanwa Technology is a B2B health insurance technology platform serving insurance carriers in China. Spun out of ZhongAn Online in October 2018, the company provides AI-powered underwriting and claims solutions to insurers and internet platforms, covering end-to-end processes from product customization and risk control through to claims automation and medical data analytics. By number of insurance cases processed in 2024, the company ranks as China's largest independent AI technology company serving the insurance industry, according to Frost and Sullivan data cited in its IPO prospectus.

The company's platform consists of two core solution lines: AI underwriting solutions (accounting for 74.5% of H1 2025 revenue) and AI claims solutions (25.5%). Its AI underwriting tools use medical big data to identify high-risk insureds with average processing time under one second per case, while its Luobupo claims platform achieves up to 80% automation rate and 98% decision accuracy. The anti-fraud, intelligent risk control, and medical data capabilities are delivered via API integration into insurer core systems.

As of mid-2025, Nuanwa has served over 4,100 insurance company underwriting and claims customers, with AI solutions adopted by 90 insurance companies including 8 of China's top 10 insurers by premium volume. Revenue has grown at a 65.5% compound annual growth rate from 2022 to 2024, reaching RMB 944M in 2024 and RMB 1.023B in 2025. The company raised a total of USD 59.2M across Series A and A+ rounds and filed for a Hong Kong Stock Exchange Main Board IPO in September 2025, with an updated prospectus filed in April 2026.

## Products & services

### AI Underwriting Solution

AI-powered underwriting tools that help insurance companies expand their customer base and reduce risk. Uses medical big data and AI models to identify high-risk insureds, with average processing time under one second per case.

**Key features:**

- Medical big data\-driven risk assessment and health profiling
- Identification of 3\.0% to 10\.0% of high\-risk insureds
- Support for customized health products for specific populations \(e\.g\., diabetes, hypertension\)

*Target users:* Health insurance carriers and internet platforms

### AI Claims Solution \(Luobupo System\)

End-to-end AI claims review and investigation platform covering automated review, decision-making, and fraud detection.

**Key features:**

- Up to 80% automation rate and 98% decision accuracy
- Automated review of up to 2\.3 million claims over a six\-month period
- Anti\-fraud capabilities with anomalous medical billing detection

*Target users:* Health and accident insurance carriers

### Tianjian \(Intelligent Risk Control\)

Next-generation risk control product launched July 2025, powered by large AI models for both underwriting and claims domains.

**Key features:**

- Anomaly medical identification and non\-liable event determination
- Insurance fraud detection in the claims domain
- Automatic investigation decision\-making

*Target users:* Health insurance carriers

### Medical Data Platform \(MDP\)

Medical big data platform that powers the company's AI models and provides health profiling capabilities.

**Key features:**

- User health profile construction for risk assessment
- Powers underwriting and claims AI models
- Enables customized product development for specific indications

*Target users:* Insurance carriers

### Alamos Platform

Online marketing and customer service platform for insurance sales and distribution.

*Target users:* Insurers and internet platforms managing policyholder engagement

### Intelligent Core Business System for Health Insurance

Full-stack core system platform supporting the complete insurance lifecycle for accident and health lines.

*Target users:* Health and accident insurance companies

### Anti\-Fraud Platform

Commercial insurance fraud detection system using AI to identify fraudulent claim patterns and anomalous medical billing.

*Target users:* Health insurance carriers and TPAs

## Category & focus

- Subcategories: Claims Technology, Data & Analytics, Insurtech Infrastructure
- Insurance verticals: Health
- Target customers: Carriers

## Notable customers

- ZhongAn Online \(6060\.HK\) \-\- largest customer, 45\.2% of 2024 revenue
- 8 of China's top 10 insurance companies by premium volume
- 7 major insurance companies partnered to launch 14 disease\-specific health products covering 21 indications

## Links

- Website: <https://www.nuanwa.net>
- Directory profile: <https://insurtechlist.com/companies/nuanwa-technology/>
- News: <https://www.nuanwa.net/news_updates>
- About us: <https://www.nuanwa.net/gywm>
- Products: <https://www.nuanwa.net/cp>

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*Last updated: 2026\-06\-04*