The insurance business, with 120 million unique policy holders, reported a total written premium of $865 million in the first half of this year, the company said in its statement. It expects to double its total written premium in 2020. With the new capital, Waterdrop said it will tap into artificial intelligence and big data for its products and services, and accelerate its initiatives in medical and healthcare services.

https://www.reuters.com/article/us-waterdrop-fundraising/chinese-insurance-tech-firm-waterdrop-raises-230-million-plans-u-s-ipo-idUSKBN25G13C