Insurance

WeSure Launches Novel Coronavirus Pneumonia Insurance

WeSure, Tencent's insurance platform, has announced that it has established an emergency response team to provide real-time information to the platform’s users and introduced multiple insurance plans designed to protect those who may be affected by the 2019 novel coronavirus outbreak.

WeSure's novel coronavirus outbreak ("Covid-19") response team was assembled in early January 2020. On January 29th, WeSure offered its first Covid-19 coverage, free of charge, to front-line medical workers providing up to CNY600,000 (over USD85,500) upon Covid-19 diagnosis.

Over 100,000 medical professionals across China signed up for the plan within just one week, according to a press release.

On February 1st, WeSure and WeChat Pay partnered up to provide insurance targeting small and medium business owners affected by Covid-19. Any merchants who have been diagnosed with Covid-19 will receive CNY1,000 a day to offset losses from business disruption.

On February 5th, WeSure was the first to open up Covid-19 coverage to all WeChat users with a minimum 10,000 CNY cash compensation. The first of its kind on the market, users can sign up for the universal insurance for free by accessing WeSure's service within WeChat.

Alan Lau, CEO, WeSure, said “During these critical times, WeSure remains more committed than ever to protecting China's medical workers and the broader public. Our full support is behind the fight against Covid-19. Our team worked non-stop, many from remote locations while on leave outside of Shenzhen during the Chinese New Year break, to respond with products and services that meet the needs of medical workers, patients and the broader public. In a crisis like this one, Internet has a bigger role to play than ever. Social distancing is critical to curbing Covid-19 spread. With a smartphone in hand, users can sign up for our insurance plans by accessing our Mini-Program inside WeChat, 24/7, wherever they are.”

Leveraging Tencent's strengths of data-driven and social connection, WeSure works with well-known insurance companies to provide users with high-quality insurance services. Users can make insurance purchases, inquiries and claims directly on the firm's vastly popular instant messaging and lifestyle platform, WeChat and QQ, according to the firm.