Since the appearance of the coronavirus, China has been facing challenges. The number of people infected is still rising, and the number of deaths is also steadily increasing. Start-ups have taken initial steps to introduce automatic processing of insurance claims.

The startup Xiang Hu Bao has published an extension for a platform. With the help of an update, payments for insurance claims related to the coronavirus up to a loss amount of USD 14,300 can be processed automatically. This is a block-chain-based platform for the joint claiming of insurance claims. This platform already has over 104 million users. The block-chain technology is designed to prevent fraud and enable fast processing of insurance payments. The insurance industry benefits from the use of the technology and establishes automated billing options for patients. Other companies are also developing block-chain-based services to help the troubled country.