TIAN RUIXIANG Expands into AI Health Insurance with Ucare Acquisition

TIAN RUIXIANG Holdings Ltd, a China-based insurance broker, has acquired 100% of Ucare Inc., the operator of China's cloud-based AI health insurance risk management platform, in an all-stock transaction valued at $150 million. This acquisition signifies a strategic move for TRX into the AI-powered health insurance sector, aiming to leverage Ucare's innovative AI platform and vast hospital network for enhanced insurance service offerings and operational efficiency. The integration of Ucare's AI capabilities into TRX's workflows is intended to reduce fraud, streamline operations, and advance precision in policy pricing. The merger also seeks to expedite Ucare's growth, aligning healthcare solutions with national healthcare priorities while utilizing TRX's resources for broader service reach and improved transparency in insurance operations. Both companies envision a transformation in health insurance design and servicing, focusing on innovation in medical cost containment and risk management.