"普惠"正在成为我国金融领域被提及最多的高频词之一。作为普惠金融的关键支柱与保险业践行社会责任的核心载体，普惠保险始终以服务国计民生、促进 社会公平为初心，从田间地头的农业保障到新业态从业者的权益守护，从银发族的专属医疗保障到小微企业的经营风险护盾，用"小保费"撬动"大保障"的民 生智慧，在中华大地上织密一张兼具广度与温度的全民风险防护网。 如今，这张防护网正从"广覆盖"的规模扩张迈向"深耕耘"的质量升级，在政策护航、产品创新中回应多元诉求，也在破解发展瓶颈的探索中，向着更精准、 更可持续的高质量发展之路稳步前行。 从新业态从业者到"一老一小"，从快递小哥到慢病人群，普惠保险正以"精准滴灌"的方式回应不同群体的差异化保障需求。 在新市民与新业态保障领域，普惠保险产品创新亮点纷呈。具体来说，福建省实施新业态人员综合保险方案，结合当地气候炎热特点，不仅为新市民人群提 供急需的医疗、住院津贴以及交通意外、残疾、疾病身故等保险服务，还将因热射病导致的保险责任纳入保障范围。江苏省建立新市民金融保险服务中心， 为建筑工程项目、企业用工中的新业态就业人员提供保险保障，进一步完善工伤保险责任。 针对"一老一小"，慢病人群等传 ...

"普惠"正在成为我国金融领域被提及最多的高频词之一。作为普惠金融的关键支柱与保险业践行社会责任的核心载体，普惠保险始终以服务国计民生、促进 社会公平为初心，从田间地头的农业保障到新业态从业者的权益守护，从银发族的专属医疗保障到小微企业的经营风险护盾，用"小保费"撬动"大保障"的民 生智慧，在中华大地上织密一张兼具广度与温度的全民风险防护网。 如今，这张防护网正从"广覆盖"的规模扩张迈向"深耕耘"的质量升级，在政策护航、产品创新中回应多元诉求，也在破解发展瓶颈的探索中，向着更精准、 更可持续的高质量发展之路稳步前行。 精准滴灌 从新业态从业者到"一老一小"，从快递小哥到慢病人群，普惠保险正以"精准滴灌"的方式回应不同群体的差异化保障需求。 在新市民与新业态保障领域，普惠保险产品创新亮点纷呈。具体来说，福建省实施新业态人员综合保险方案，结合当地气候炎热特点，不仅为新市民人群提 供急需的医疗、住院津贴以及交通意外、残疾、疾病身故等保险服务，还将因热射病导致的保险责任纳入保障范围。江苏省建立新市民金融保险服务中心， 为建筑工程项目、企业用工中的新业态就业人员提供保险保障，进一步完善工伤保险责任。 针对"一老一小"，慢 ...

"普惠"正在成为我国金融领域被提及最多的高频词之一。作为普惠金融的关键支柱与保险业践行社会责 任的核心载体，普惠保险始终以服务国计民生、促进社会公平为初心，从田间地头的农业保障到新业态 从业者的权益守护，从银发族的专属医疗保障到小微企业的经营风险护盾，用"小保费"撬动"大保障"的 民生智慧，在中华大地上织密一张兼具广度与温度的全民风险防护网。 如今，这张防护网正从"广覆盖"的规模扩张迈向"深耕耘"的质量升级，在政策护航、产品创新中回应多 元诉求，也在破解发展瓶颈的探索中，向着更精准、更可持续的高质量发展之路稳步前行。 精准滴灌 金融是国民经济的血脉，保险是经济的减震器和社会的稳定器，普惠保险更是保险业服务国家战略、增 进民生福祉、保障社会稳定的关键一环。 产品创新背后，是普惠保险从"量"到"质"的深刻转变。浙大城市学院副教授林先平表示，与3—5年前相 比，我国普惠保险在覆盖范围、服务质量、制度建设方面取得了显著进步。 两大难题 尽管普惠保险近年来在产品丰富度和覆盖范围上取得了一定进展，但供需错配、结构失衡的问题依然突 出。 正如中国人寿战略规划部总经理洪梅分析，普惠保险面临两大世界性难题：一是服务覆盖难题，即 ...

Core Insights - The strategic partnership between Waterdrop and Deutsche Bank AnGu Life has been fruitful since its inception in 2019, focusing on elderly insurance, disability insurance, and non-standard body insurance [3][4][9] - Both companies aim to deepen their collaboration and innovate in life insurance product supply-side reforms, addressing the significant market demand in the aging population and health insurance sectors [7][9] Company Achievements - Deutsche Bank AnGu Life has served 490,000 elderly clients, providing insurance coverage amounting to 60.962 billion yuan and total claims of 253 million yuan as of July 2025 [3] - The company leads the internet disability insurance sector, having provided 11.8 billion yuan in risk coverage to 64,000 clients as of June 2025 [3] - Waterdrop has launched 25 products in collaboration with Deutsche Bank AnGu Life, providing 360 billion yuan in disease insurance coverage to nearly 450,000 clients [4] Product Innovations - The "XiaoQinBao" series of products has evolved to cover 10 common severe diseases among the elderly, with "XiaoQinBao 2" recognized as a leading product in the elderly insurance market [6] - The "Wuyou Guardian" is the first long-term disability insurance available for clients aged 70 and above, offering comprehensive support and innovative features [6] - The "Yisheng Guardian" targets non-standard body individuals, providing tailored coverage for chronic diseases, particularly benefiting the elderly [6] Future Directions - Both companies plan to enhance their strategic collaboration by leveraging their strengths in risk control, health management services, AI applications, and joint marketing efforts [7][9] - The focus will be on expanding their market presence in the elderly, disability, and non-standard insurance sectors, aiming to create a comprehensive ecosystem of services [9]

Core Insights - Waterdrop Inc. reported a net revenue of 754 million yuan for Q1 2025, representing a year-on-year growth of 7% [1] - The company achieved a net profit attributable to shareholders of 108 million yuan, marking a 34.2% increase year-on-year, and has maintained profitability for 13 consecutive quarters [1] - Operating expenses as a percentage of revenue decreased by 6.1 percentage points to 40.3% [1] Financial Performance - Insurance-related revenue reached 658 million yuan, up 8.4% year-on-year, with operating profit at 151 million yuan [1] - The first-year scale premium for the insurance business grew by 19.3% to 2.092 billion yuan [1] - Short-term insurance first-year scale premium increased by 30.1% [1] Product Development - The company upgraded its exclusive maternal and infant insurance product "Jie Hao Yun" to version 5.0, adding various disease coverages and introducing a medication subsidy [2] - Waterdrop launched the "All Insurance" million medical insurance, the first in the industry to offer guaranteed renewal for five years without health declarations, targeting chronic and sub-healthy individuals [2] AI and Technology Integration - Waterdrop has applied for 51 patents related to large model capabilities as of the end of Q1 [2] - AI applications have significantly improved efficiency across various business segments, with the "AI Quality Inspection Assistant" enhancing quality management efficiency by 83% [2] - The "Waterdrop AI Insurance Expert" contributed over 2 million yuan in premium assistance in a single month [2] Social Impact and Other Business Segments - Waterdrop Fund has facilitated donations of 68.8 billion yuan to approximately 3.47 million patients since its inception, with a Q1 operating loss of about 30.2 million yuan [3] - The digital clinical trial solution business generated a net revenue of 23 million yuan, reflecting an 11.5% year-on-year growth, with partnerships reaching 185 pharmaceutical and CRO companies [3]