Sunshine Insurance Group and Codoon lately announced a strategic partnership which will see the two sides jointly set up a special insurance policy for a large number of Chinese marathon runners.
Under the partnership, Sunshine Insurance will provide 2 million free insurance policies for marathon participants through Codoon’s platform in 2016-2017. In addition to the insurance, Sunshine’s charity foundation will offer RMB2mn to help build schools for impoverished children in remote rural areas of China. Qian Hong, a former Olympic champion, was named as their Charity Ambassador at the press conference.
In addition to this the two companies are expecting to launch customized finance and insurance for sports participants.
Codoon is a leading sports social platform which captures the movements of runners and help people make new friends through its mobile APP. The company has raised US$40 million in Round A and Round B fundraising.
Sunshine Insurance, established in 2005, is a Beijing-based insurance company.
Proofread by John Devlin.