Latest news with #insurancebroker
Yahoo
5 days ago
- Business
- Yahoo
Water Tower Research Publishes Initiation of Coverage Report on Tian Ruixiang Holdings Limited, 'From Traditional Insurance Broker to Tech-Based Health Insurance Innovator'
Water Tower Research ( has published an Initiation of Coverage Report on Tian Ruixiang Holdings Limited (NASDAQ: TIRX) titled, 'From Traditional Insurance Broker to Tech- Based Health Insurance Innovator'. The report can be accessed here. ST. PETERSBURG, FL, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Water Tower Research ( has published an Initiation of Coverage Report on Tian Ruixiang Holdings Limited (NASDAQ: TIRX) titled, 'From Traditional Insurance Broker to Tech- Based Health Insurance Innovator'. The report can be accessed here. Access to China's growing health insurance market. On June 30, 2025, Chinese insurance broker Tian Ruixiang Holdings Limited completed the acquisition of Ucare, which describes itself as the only cloud-based healthcare value assessment and insurance risk control SaaS platform in China, for total all-stock consideration of $150 million. Ucare's wealth of AI-driven analytics strongly positions TIRX in China's commercial health insurance market, a segment of China's insurance market in which the company has been historically under- represented historically, and which is expected to expand from ~$126 billion today to $280 billion by 2030. Scalable, high-margin SaaS drives reliable revenue in value-based payment & risk analytics. Ucare's cloud-native, multi-tenant platform combined with a network of >4,000 hospital relations, scales with minimal incremental cost, generating gross margins above 90% and recurring subscription-based revenue that complements TIRX's brokerage commission income. This underpins more stable and higher-quality top-line growth as adoption broadens across Ucare's large hospital network. Regulatory and cross-border tailwinds. China's aging demographics, policy reforms to encourage greater healthcare access and affordability, accelerating healthcare digitization adoption (with the domestic healthcare IT market projected to reach ~US$35 billion by 2030 at a CAGR of ~15.6%), present significant tailwinds for TIRX's uniquely enhanced AI- brokerage business model to unlock significant growth potential. Additionally, TIRX has the opportunity to supplement growth with the implementation of its strategy to expand beyond Mainland China recently begun with its move into Hong Kong. Overall, our model projects 35% revenue CAGR to FY28 on a pro forma basis. Valuation. Based on our projections, TIRX's combination with Ucare significantly enhances its revenue growth prospects. Relative to these prospects, TIRX's valuations are below most of our selected comps on both a Price and EV basis. About Water Tower Research Water Tower Research is modernizing investor engagement through research-driven communications. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor relations platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies take control of their IR program and proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients' businesses, industries, and the investment opportunities they present. CONTACT: Name: Water Tower Research LLC Email: research@ Job Title: WTR Investor EngagementError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Indian insurance regulator fines Policybazaar for compliance lapses
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a Rs50m ($570,000) penalty on Policybazaar insurance, a subsidiary of PB Fintech. The fine is a result of the company's failure to comply with certain regulatory requirements. The decision came after an inspection of Policybazaar's operations on 1–5 June 2020. Following the inspection, a Show Cause Notice was issued to the company on 7 October 2024, which allowed Policybazaar to present its case and make further submissions. The IRDAI's order, specifying the reasons for the penalty, will be discussed at Policybazaar's next board meeting. The company is then expected to provide a report detailing the steps taken in response to the authority's findings. The penalty was levied due to infringements concerning the directorships of key managerial personnel and the principal officer, the presentation of products, the management of outsourcing agreements, the system of tagging policies, and the process of premium collection and remittance. In February last year, Policybazaar secured permission from the IRDAI to function as a composite insurance broker, expanding its ability to include reinsurance products and services. This development was intended to allow the company to offer a wider range of services such as risk management and reinsurance product sales, as well as the maintenance of claims data. "Indian insurance regulator fines Policybazaar for compliance lapses " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Wall Street Journal
29-07-2025
- Business
- Wall Street Journal
A Tiny Company Is Vouching for Risky Insurers in Hurricane Country
LaPlace, La., is the sort of town that is becoming a no-go zone for major insurance companies. Sandwiched between the Mississippi River and Lake Pontchartrain outside of New Orleans, it is only about 10 feet above sea level and has an alarming history of serious storms and flooding. So Nadia Hart was happy that Lighthouse Excalibur Insurance, a small Louisiana insurer with an 'A' rating for financial stability, was willing to write a policy on her three-bedroom house in town. 'My broker told me that they were a good insurance company, a good rating, and so I went with them,' she said.
