Waterdrop runs an insurance marketplace and medical crowdfunding platform in China designated personal help-seeking service by Ministry of Civil Affairs.
Waterdrop runs a medical crowdfunding platform alongside a licensed insurance marketplace, using the crowdfunding audience to raise insurance awareness and design coverage for applicants insurers treat as substandard risk. The crowdfunding arm is an online personal help-seeking platform for patients with serious illnesses. The marketplace is a national insurance brokerage approved by Chinese insurance regulators.
The marketplace sells medical, serious illness, accident, life, and annuity insurance, including products with no deductible for substandard risk. Waterdrop provides insurance and healthcare service to consumers in China.
E-Find, a third-party platform, provides patient recruitment and related services for pharmaceutical research and development, recruiting oncology patients in China.