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Waterdrop Launches the WFind System

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Waterdrop Inc. (NYSE: WDH) has introduced the "Waterdrop Family Insurance Needs Diagnosis" (WFind) system, aimed at helping insurance brokers assess customer insurance requirements. WFind employs a six-step process to analyze family financials and identify coverage gaps, offering tailored insurance solutions based on comprehensive data analysis. In addition, Waterdrop launched a product comparison tool covering nearly 2,000 offerings, enhancing brokers' ability to provide informed recommendations. These innovations aim to streamline brokerage work and elevate professional standards in the insurance industry.

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  • Launch of WFind system enhances customer insurance needs assessment.
  • Introduces a product comparison tool covering nearly 2,000 insurance products.
  • Aims to improve efficiency and professional quality for insurance brokers.
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BEIJING, Sept. 19, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently launched "Waterdrop Family Insurance Needs Diagnosis" ("WFind"), a system designed to help insurance brokers identify customer insurance needs based on information about their family members, income & expenses, and insurance demands.

WFind involves the following six steps:

  1. Analyze details of family income and expenses;
  2. Identify family insurance needs;
  3. Recognize the insufficient coverage of family insurance;
  4. Design insurance solutions for customer;
  5. Compare insurance products from diverse perspectives;
  6. Help customers find the insurance solutions that suit them best.

WFind is different from the traditional product-oriented sales model in the following five aspects:

  1. More comprehensive services targeted at families
  2. More objective analysis based on demand
  3. Risk-oriented diagnosis from more perspectives
  4. More scientific solutions rooted in financial data
  5. Better-designed product mixes built on the system

With the WFind system, brokers in the Waterdrop can help customers analyze insurance mixes and insufficient insurance coverage, assess customers' cash deposits, investments, financial leverages and risk tolerance, and give them advice on risk rating, purchase orders, insurance amounts, insurance products, modes of payment, architecture design and supporting services. Through systematic, scientific and data-based analysis of insufficient family insurance coverage, they can tailor family insurance solutions for customers.

Meanwhile, Waterdrop also launches an insurance product comparison instrument. Covering nearly 2,000 products available in the market, it enables analysis of insurance application rules and product comparison in every dimension to help brokers present solutions professionally, clearly and completely for customers to make well-informed decisions.

Ms. Jia LI, Vice President of Insurance at Waterdrop , said, insurance brokerage is highly demanding profession, and the Company expects to make the work easier and more efficient for brokers by introducing more technologies and help improve the professional quality of brokers across the industry.

Cision View original content:https://www.prnewswire.com/news-releases/waterdrop-launches-the-wfind-system-301627072.html

SOURCE Waterdrop Inc.

FAQ

What is the WFind system launched by Waterdrop?

The WFind system is designed to help insurance brokers identify customer insurance needs based on family financial information.

How does WFind improve insurance brokerage?

WFind streamlines the process by providing a structured analysis of family insurance needs, enabling tailored solutions.

What does the new product comparison tool by Waterdrop offer?

The tool covers nearly 2,000 insurance products, allowing brokers to analyze different options for customers.

When was the WFind system launched?

The WFind system was launched on September 19, 2022.

What is the stock symbol for Waterdrop?

The stock symbol for Waterdrop is WDH.

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