China’s rising healthcare demand is driving the expansion of the insurance market to support public health goals.
Ant Insurance is helping leading insurers provide more accessible insurance services to the public through digital innovation.

In 2024, leading insurers in China processed 7.25 million health claims through Ant Insurance, Ant Group's online insurance brokerage platform, marking a 55% year-over-year increase. Total health claim payouts on the platform reached RMB 9.2 billion (USD 1.3 billion). This growth is driven by ongoing innovations in product offerings and user experience, which build trust and meet user needs, while also reflecting the increasing demand for health insurance services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250309812706/en/

Partner insurers processed 7.25 million health claims through Ant Insurance in 2024, up 55% year-over-year. (Photo: Business Wire)

The trend is expected to accelerate as China’s demographic patterns shift. By around 2035, over 400 million people, or more than 30% of the population, will be aged 60 or older, according to projections from China’s National Health Commission. As healthcare needs expand, commercial health insurance is becoming an essential complement to the country's basic medical system.

Ant Group has been leveraging innovative technologies to drive the digital transformation of the healthcare sector, with health insurance playing a key role.

Early in 2018, Ant Insurance introduced Haoyibao, a flagship health insurance product developed in partnership with leading insurers in China. It was the first in the country to offer guaranteed renewal for six consecutive years with payouts of up to RMB 4 million (USD 550,000). Over time, Haoyibao has been continually upgraded to support a wider range of people and health conditions. As a bestselling product, it has helped millions of families manage the financial burden of medical expenses.

With technologies like AI, Ant Insurance has streamlined every step of the insurance process - from product selection and planning to management and claims - making insurance services more accessible to the public.

The GoldenChoice feature uses the Ant Insurance Multi-factor Model (AIMM) to compare and select the best insurance products. Meanwhile, the EasyPick AI insurance planner creates personalized plans for users, helping them avoid overbuying or selecting the wrong coverage. In 2024, the AI-powered EasyClaims solution helped 11 partner insurers streamline the claims process for over 85 health insurance products, with AI handling 96% of the 1.62 million claims analysis requests from policyholders.

Further enhancing insurer capabilities, Ant Insurance launched Ant Bridge in September 2024. This open platform integrates AI models and financial intelligence to help insurers provide real-time, personalized responses to customer inquiries, improving service quality and operational efficiency.

Beyond insurance, Ant Group has been actively contributing to the digital transformation of China’s healthcare industry for over a decade. Since launching the country’s first online hospital appointment booking service in 2014, Ant Group’s Alipay digital platform has been assisting hospitals in developing digital services. As of January 2025, Alipay has connected more than 800 million users with services from over 3,600 hospitals.

In September 2024, Ant Group introduced the AI Healthcare Manager within the Alipay app. Available through voice and text interactions, this tool provides users with access to over 30 services, including doctor mapping, medical report interpretation, in-hospital navigation, and personalized medical advice.

Through these ongoing initiatives, Ant Group is contributing to the more efficient use of limited medical resources, with the aim of supporting greater medical inclusion.

About Ant Group

Ant Group aims to build the infrastructure and platforms to support the digital transformation of the service industry. Through continuous innovation, we strive to provide all consumers and small and micro businesses equal access to digital financial and other daily life services that are convenient, sustainable and inclusive.

For more information, please visit our website at www.antgroup.com or follow us on Twitter @AntGroup.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250309812706/en/

Media Inquiries
Yinan Duan
duanyinan.dyn@antgroup.com

Images

Tags

More Like This

Partner Insurer Payout Rose 23% YoY on Ant Insurance in the Alipay App in 2023

Ant Group Unveils Major Upgrades to Its Full-Suite AI Solutions in Healthcare for Hospitals, Doctors and Users

Ant Group’s AI Healthcare Manager AQ Hits 100 Million Users, Accelerating Tech Inclusion Through AI-Powered Innovations

Ant Group Launches AI Healthcare App AQ Amid Push into Healthcare Sector

Ant Group 2024 Sustainability Report Highlights AI-Powered Digital Inclusion and New Initiatives From 3 Independent Units

Ant Group Releases 2023 Sustainability Report: Expanding Investment in Technology Reflects Firm Commitment to AI and Digital Inclusion

Ant Group Launches AI-Powered Mobile App Zhixiaobao at 2024 INCLUSION·Conference on the Bund

Ant Group Unveils AI Financial Manager at Shanghai’s INCLUSION Conference