BEIJING, April 29,
2024 /PRNewswire/ -- Hexiang Insurance Brokers, the
insurance brokerage division of Yiren Digital, is pleased to
announce that as of March 31, 2024,
it has extended its services to over 100,000 flexible workers, a
demographic traditionally underserved by social security due to
their unstable employment status. This milestone underscores the
firm's commitment to social responsibility and sets a benchmark for
the industry.
The "New Resident Care" project, initiated by Hexiang
in mid-2022, aims to support China's growing flexible workforce. This
diverse group includes truck drivers, ride-hailing drivers,
couriers, and food delivery riders, all facing high mobility
challenges due to the nature of their work. According to the
National Bureau of Statistics, China had
approximately 200 million flexible employees by the end of 2021, a
number expected to double to 400 million by 2036 based on the
Alibaba Research Institute's estimates. As the group continues to
expand, the call for better protection and security for them is
becoming increasingly vocal.
To capture the ballooning demand and to better fulfill its
social responsibilities, Hexiang Insurance has collaborated with
insurers to develop a range of accident and medical insurance
solutions tailored to the working conditions of flexible employees.
Additionally, Hexiang drove the effort to streamline the insurance
application process with a user-friendly one-stop online enrollment
service, simplifying procedures and providing convenient claims
reporting services.
Originating in Hubei province,
the "New Resident Care" initiative
has rapidly gained traction, proving its effectiveness in
addressing the needs of the local community. Building on this
success, Hexiang is expanding its services into new regions,
including Gansu province, as part
of its ongoing commitment to financial inclusiveness and industry
advancement. Currently, the average insurance coverage per capita
stands at RMB 100,000, providing a
robust safety net against unforeseen risks or accidents.
Hexiang Insurance Brokers has been quick to capture and fully
understand the needs of new demographic groups, such as new urban
residents, the elderly, and small and micro-enterprises. Through
well-targeted insurance solutions, it has helped them mitigate
risks through insurance protection, enabling them to maximize their
value in production and life, and thus winning market reputation.
Hexiang was awarded as "Outstanding Insurance Brand of the Year" by
JRJ.com, a celebrated Chinese financial media outlet, in 2023.
About Yiren Digital
Yiren Digital Ltd. is an advanced, AI-powered platform providing
a comprehensive suite of financial and lifestyle services in
China. Our mission is to elevate
customers' financial well-being and enhance their quality of life
by delivering digital financial services, tailor-made insurance
solutions, and premium lifestyle services. We support clients at
various growth stages, addressing financing needs arising from
consumption and production activities, while aiming to augment the
overall well-being and security of individuals, families, and
businesses.
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SOURCE Yiren Digital