Insurance policies

Tenet’s Heartbeat Platform Achieves Milestone With Over 400,000 Insurance Policies Processed

Toronto, Ontario–(Newsfile Corp. – April 21, 2022) – Tenet Fintech Group Inc. PKK PKKFF (“Tenet” or the “Company”), an innovative AI service provider and operator of Business Hubs™, today announced that its Heartbeat insurance product management and brokerage platform recently achieved a milestone important in processing more than 400,000 insurance policies with a value of more than 175 million Canadian dollars.

Tenet acquired the platform in the fall of 2021 to complement its Business Hub™ service offering in China and in anticipation of government regulations that came into effect on February 1, 2022, aimed at improving the supervision of the insurance brokerage industry and enrich sector recovery and data management. These regulations and the compliance obligations they entail have now prompted 381 Chinese insurance brokerages to use Heartbeat to connect, access and sell insurance products from some of China’s largest insurance companies, including Ping An Insurance (Group) Ltd., China Life Property & Casualty Insurance Company Ltd., The People’s Insurance Company (Group) of China Ltd.and Bank of China Insurance Company Ltd. with whom the platform is linked. Although the milestone announced today can largely be attributed to new regulations in the insurance brokerage industry and Tenet’s agreement with Ping An Insurance for policies for the automotive industry, the company believes Heartbeat’s future steps and impact on China’s insurance industry will result from the platform’s role ultimately playing within Tenet’s Business Hub™.

“Our acquisition of Heartbeat was both opportunistic and strategic,” said Liang Qiu, CEO of Tenet China. “Every platform we develop, acquisition we make or partnership we sign is done with the intention of creating synergies with other components of our Business Hub™ and improving the Hub’s offering. -shape Heartbeat is a great example of this. Today, Heartbeat is used to help sell more traditional insurance products. But ultimately, given the vertical markets we serve through the Hub, such as the oil and gas sector , the automotive industry and commodity traders, the amount of transactional data available to us, our analytical capabilities to understand our customers’ needs, and our access to insurance carriers nationwide, we believe we will be in able to work with these insurance companies to design customized insurance products to perfectly meet the needs of our customers and create new opportunities for our insurance. this the partners.”

About Tenet Fintech Group Inc.:

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this press release, unless explicitly stated, include Tenet and all of its affiliates. Tenet subsidiaries provide various analytics and AI services to businesses and financial institutions through various Business Hubs™ to create a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions between his members. For more information:

For more information please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext: 251
[email protected]

MZ Group – MZ North America
Mark Schwalenberg, CFA
[email protected]

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Forward-Looking Statements/Information:

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