Waterdrop, the Swiss Re-backed technology platform for insurance and healthcare services, has announced the appointment of Wenjie Guan to its board of directors.
Guan currently serves as Head of Principal Investments and Acquisitions North Asia at Swiss Re, and will take up her board position from September 7th.
Prior to joining Swiss Re in May 2016, Guan had eight years of experience in investment banking and served at Macquarie, UBS and Jefferies.
“We are delighted and honored to welcome Ms. Guan to our Board,” said Peng Shen, Waterdrop’s Founder, Chairman and Chief Executive Officer.
“We believe that Ms. Guan’s professional background and industry expertise will bring additional value to the Company,” Shen added. “We look forward to working with her as we continue to make a positive impact on people’s lives through the power of technology.”
Swiss Re led a $230 million funding round for the China-based Waterdrop back in 2020, alongside local tech and entertainment giant Tencent.
It was understood at the time that Swiss Re had invested $100m of the total, with the funding seen as reflecting part of Swiss Re’s long-term commitment to the Chinese market.
Waterdrop reported quarterly revenue growth of 7.4% in Q1 of this year, and its number of cumulative insurance customers reached 111.1 million.
Following the appointment of Guan, its Board will consist of nine members, three of whom are independent directors.
