{"id":4093,"date":"2020-12-02T11:45:06","date_gmt":"2020-12-02T16:45:06","guid":{"rendered":"https:\/\/lions.financial\/?p=4093"},"modified":"2022-11-29T16:34:50","modified_gmt":"2022-11-29T21:34:50","slug":"evaluating-corporate-venture-capital-divisions-in-life-insurance-companies","status":"publish","type":"post","link":"https:\/\/lions.financial\/zh\/evaluating-corporate-venture-capital-divisions-in-life-insurance-companies\/","title":{"rendered":"\u8bc4\u4f30\u5bff\u9669\u516c\u53f8\u7684\u4f01\u4e1a\u98ce\u9669\u6295\u8d44\u90e8\u95e8"},"content":{"rendered":"<p><b>\u5bff\u9669\u516c\u53f8\u7684\u4f20\u7edf\u6295\u8d44\u7c7b\u578b\u6709\u54ea\u4e9b\uff1f<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u4fdd\u9669\u516c\u53f8\u5f80\u5f80\u5c06\u5927\u90e8\u5206\u4fdd\u8d39\u6295\u8d44\u4e8e\u503a\u5238\uff0c\u5176\u4f59\u7684\u6295\u8d44\u4e8e\u80a1\u7968\u3001\u62b5\u62bc\u8d37\u6b3e\u548c\u6d41\u52a8\u7684\u77ed\u671f\u6295\u8d44\u3002\u503a\u5238\u3001\u80a1\u7968\u548c\u62b5\u62bc\u8d37\u6b3e\u5de5\u5177\u5360\u5bff\u9669\u516c\u53f8\u6295\u8d44\u768490%\u5de6\u53f3\uff0c\u800c\u8d22\u4ea7\u548c\u610f\u5916\u4fdd\u9669\u516c\u53f8\u7684\u6295\u8d44\u536080%\u4ee5\u4e0a\u3002\u5176\u4e2d\u6392\u540d\u524d\u4e09\u7684\u8d44\u4ea7\u7c7b\u522b\u662f\u503a\u5238\uff0c\u5305\u62ec\u516c\u53f8\u503a\u5238\u3001\u5e02\u653f\u503a\u5238\u3001\u7f8e\u56fd\u653f\u5e9c\u503a\u5238\u548c\u5916\u56fd\u653f\u5e9c\u503a\u5238\u3002\u7d27\u968f\u5176\u540e\u7684\u662f\u6d41\u52a8\u7684\u77ed\u671f\u6295\u8d44\uff0c\u73b0\u91d1\u662f\u7b2c\u56db\u5927\u8d44\u4ea7\u7c7b\u522b\u3002\u4fdd\u9669\u516c\u53f8\u8fd8\u6295\u8d44\u4e8e\u884d\u751f\u54c1\u3001\u5408\u540c\u8d37\u6b3e\u3001\u8bc1\u5238\u501f\u8d37\u3001\u623f\u5730\u4ea7\u548c\u4f18\u5148\u80a1\u3002\u6240\u6709\u7684\u6b21\u8981\u6295\u8d44\u90fd\u662f\u4e3a\u4e86\u589e\u52a0\u98ce\u9669\u7ba1\u7406\u7684\u591a\u6837\u6027<\/span><\/p>\n<p><b>\u5bff\u9669\u516c\u53f8\u8fdb\u5165\u98ce\u9669\u6295\u8d44\u7684\u539f\u56e0\u662f\u4ec0\u4e48\uff1f<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u5bff\u9669\u516c\u53f8\u66f4\u559c\u6b22\u5c06\u4fdd\u8d39\u8fdb\u884c\u6295\u8d44\uff0c\u539f\u56e0\u6709\u4e8c\uff1a\u589e\u52a0\u5229\u6da6\u4ee5\u83b7\u5f97\u66f4\u7a33\u5b9a\u7684\u8d44\u91d1\u6765\u6e90\uff0c\u4ee5\u53ca\u53ef\u80fd\u964d\u4f4e\u5176\u4fdd\u8d39\u91d1\u989d\u4ee5\u83b7\u5f97\u66f4\u591a\u5ba2\u6237\u3002\u867d\u7136\u5927\u591a\u6570\u4fdd\u9669\u516c\u53f8\u4e3b\u8981\u6295\u8d44\u4e8e\u503a\u5238\u3001\u80a1\u7968\u548c\u62b5\u62bc\u8d37\u6b3e\uff0c\u4f46\u4eba\u5bff\u4fdd\u9669\u516c\u53f8\u4e00\u76f4\u5728<\/span> <span style=\"font-weight: 400;\">\u8fd1\u5e74\u6765\uff0c\u4ed6\u4eec\u53d1\u6325\u4e86\u66f4\u79ef\u6781\u7684\u4f5c\u7528\uff0c\u751a\u81f3\u5efa\u7acb\u4e86\u81ea\u5df1\u7684\u98ce\u9669\u6295\u8d44\u90e8\u95e8\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bff\u9669\u516c\u53f8\u8fdb\u5165\u98ce\u9669\u6295\u8d44\u7684\u52a8\u673a\u4e3b\u8981\u53ef\u4ee5\u5f52\u7ed3\u4e3a\u4ee5\u4e0b\u4e09\u4e2a\u539f\u56e0\u3002\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u5bff\u9669\u516c\u53f8\u7684\u4f59\u989d\u4e0d\u65ad\u589e\u52a0\uff0c\u4f46\u4f20\u7edf\u7684\u53ef\u6295\u8d44\u5bf9\u8c61\u51cf\u5c11\u3002\u968f\u7740\u66f4\u591a\u4e13\u6ce8\u4e8e\u5927\u6570\u636e\u548c\u4eba\u5de5\u667a\u80fd\u7b49\u524d\u6cbf\u6280\u672f\u7684\u65b0\u5174\u516c\u53f8\u5f00\u59cb\u5728\u5168\u7403\u8131\u9896\u800c\u51fa\uff0c\u5bff\u9669\u516c\u53f8\u6ca1\u6709\u7406\u7531\u4e0d\u6295\u8d44\u8fd9\u4e2a\u6709\u524d\u666f\u7684\u884c\u4e1a\u3002\u7279\u522b\u662f\u5728COVID-19\u65f6\u4ee3\uff0c\u5f53\u4f20\u7edf\u516c\u53f8\u53d7\u5230\u66f4\u4e25\u91cd\u7684\u5f71\u54cd\u5e76\u4e3a\u8f6c\u578b\u800c\u6323\u624e\u65f6\uff0c\u90a3\u4e9b\u66f4\u591a\u4f9d\u8d56\u6280\u672f\u7684\u521b\u65b0\u516c\u53f8\u80fd\u591f\u9002\u5e94\u5e76\u5728\u5f53\u524d\u5f62\u52bf\u4e0b\u751f\u5b58\u3002\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u4f01\u4e1a\u98ce\u9669\u6295\u8d44\u589e\u957f\u7684\u666e\u904d\u5e02\u573a\u8d8b\u52bf\u3002\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u4ece\u6295\u8d44\u98ce\u9669\u8d44\u672c\u4e2d\u83b7\u5f97\u6218\u7565\u5229\u76ca\u3002\u901a\u8fc7\u6295\u8d44\u5904\u4e8e\u65e9\u671f\u9636\u6bb5\u7684\u79d1\u6280\u516c\u53f8\uff0c\u4f20\u7edf\u7684\u4eba\u5bff\u4fdd\u9669\u516c\u53f8\u53ef\u4ee5\u83b7\u5f97\u5e76\u7ed3\u5408\u65b0\u9896\u7684\u6280\u672f\u4f9b\u5176\u4f7f\u7528\u3002<\/span><\/li>\n<\/ol>\n<p><b>\u00a0\u5168\u7403\u5bff\u9669\u516c\u53f8\u62e5\u6709\u98ce\u9669\u6295\u8d44\u90e8\u95e8\u7684\u4f8b\u5b50\u6709\u54ea\u4e9b\uff1f<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u5728\u8fd9\u4e9b\u6210\u719f\u7684\u5bff\u9669\u516c\u53f8\u7684\u98ce\u9669\u6295\u8d44\u90e8\u95e8\u4e2d\uff0c\u5927\u591a\u6570\u90fd\u5728\u7f8e\u56fd\u548c\u6b27\u76df\u3002\u4e0e\u4fdd\u9669\u76f8\u5173\u7684\u6295\u8d44\uff0c\u6210\u719f\u7684\u4eba\u5bff\u4fdd\u9669\u7684\u98ce\u9669\u6295\u8d44\u663e\u793a\u51fa\u5bf9\u8f6f\u4ef6\u3001IT\u548c\u91d1\u878d\u79d1\u6280\u884c\u4e1a\u6295\u8d44\u7684\u5171\u540c\u504f\u597d\u3002  \u4e0b\u56fe\u63d0\u4f9b\u4e86\u9886\u5148\u7684\u4eba\u5bff\u4fdd\u9669\u516c\u53f8\u7684\u4f01\u4e1a\u98ce\u9669\u6295\u8d44\u90e8\u95e8\u7684\u6982\u51b5\uff0c\u5e76\u5bf9\u5176\u6218\u7565\u3001\u6295\u8d44\u7684\u516c\u53f8\u548c\u884c\u4e1a\u8fdb\u884c\u4e86\u57fa\u672c\u63cf\u8ff0\u3002<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>\u547d\u540d<\/b><\/td>\n<td><b>\u5730\u70b9<\/b><\/td>\n<td><b>\u63cf\u8ff0<\/b><\/td>\n<td><b>\u6295\u8d44\u7684\u516c\u53f8<\/b><\/td>\n<td><b>\u6295\u8d44\u7684\u884c\u4e1a<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u5b89\u76db\u521b\u6295<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u6cd5\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u5b89\u76db\u521b\u6295\u662f\u4e00\u4e2a\u6295\u8d44\u4e8e\u9ad8\u589e\u957f\u7684\u98ce\u9669\u8d44\u672c\u57fa\u91d1\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u6280\u672f\u9a71\u52a8\u7684\u516c\u53f8\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NS8\uff1b\u5bf9\u6bd4\u5ea6\u5b89\u5168\uff1b\u5757\u72b6\u6d41<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u8f6f\u4ef6\uff1b\u536b\u751f\u4fdd\u5065\uff1bIT<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>\u9a6c\u8428\u8bf8\u585e\u5dde\u98ce\u9669\u6295\u8d44\u516c\u53f8<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">MassMutual Ventures\uff08MMV\uff09\u662fMassMutual\u7684\u98ce\u9669\u6295\u8d44\u90e8\u95e8\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Payfone; IEX Group; Digital Guardian<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u8f6f\u4ef6\uff1bIT\uff1b\u7f51\u7edc\u5b89\u5168<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Kaiser Permanente\u98ce\u9669\u6295\u8d44\u516c\u53f8<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Kaiser Permanente Ventures\u662f\u4e00\u4e2a<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4f4d\u4e8e\u52a0\u5dde\u7684\u4f01\u4e1a\u98ce\u9669\u6295\u8d44\u516c\u53f8\uff0c\u6295\u8d44\u4e8e\u533b\u7597\u4fdd\u5065\u516c\u53f8\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Freenome; Valeritas; Health Catalyst<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u533b\u7597\u4fdd\u5065\uff1b\u533b\u7597\u8bbe\u5907\uff1b\u533b\u7597<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>\u897f\u5317\u4e92\u5229\u672a\u6765\u6295\u8d44\u516c\u53f8<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u5bff\u9669\u4f9b\u5e94\u5546\u897f\u5317\u4e92\u5229\u516c\u53f8\u7684\u6295\u8d44\u90e8\u95e8\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u949f\u58f0; OJO\u5b9e\u9a8c\u5ba4; \u68af\u5b50<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u91d1\u878d\u79d1\u6280; \u91d1\u878d\u670d\u52a1; \u4fdd\u9669<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>\u5168\u56fd\u6027\u7684\u98ce\u9669\u6295\u8d44<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nationwide Ventures, Nationwide Insurance\u7684\u4f01\u4e1a\u98ce\u9669\u6295\u8d44\u90e8\u95e8<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nexar; Vesta Healthcare; Upstream Security<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u4fdd\u9669\uff1b\u8f6f\u4ef6\uff1b\u4fdd\u9669\u6280\u672f<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>\u6155\u5c3c\u9ed1\u518d\u6295\u8d44\u516c\u53f8<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u5fb7\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u6155\u5c3c\u9ed1\u518d\u6295\u8d44\u516c\u53f8\u662f\u6155\u5c3c\u9ed1\u518d\u6295\u8d44\u516c\u53f8\u7684\u6218\u7565\u98ce\u9669\u6295\u8d44\u90e8\u95e8\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u4e0b\u4e00\u4e2a\u4fdd\u9669\uff1b\u88ab\u8bb8\u591a\u4eba\u4e70\u4e0b\uff1b\u6cb3\u9a6c\u4fdd\u9669<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u4fdd\u9669\uff1bIT\uff1b\u4fdd\u9669\u79d1\u6280<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>\u7f8e\u56fd\u5bb6\u5ead\u98ce\u9669\u6295\u8d44\u516c\u53f8<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd\u5bb6\u5ead\u98ce\u9669\u6295\u8d44\u516c\u53f8\u662f\u7f8e\u56fd\u5bb6\u5ead\u4fdd\u9669\u7684\u98ce\u9669\u6295\u8d44\u5206\u652f\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Hometap; Clearcover; CoverHound<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u4fdd\u9669\uff1b\u4fdd\u9669\u79d1\u6280\uff1b\u91d1\u878d<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Transamerica\u98ce\u9669\u6295\u8d44\u516c\u53f8<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Transamerica Ventures\u4e3a\u91d1\u878d\u79d1\u6280\u3001\u4f01\u4e1aIT\u548c\u4e92\u8054\u7f51\u9886\u57df\u7684\u521b\u65b0\u8005\u63d0\u4f9b\u79cd\u5b50\u671f\u3001\u98ce\u9669\u671f\u548c\u6210\u957f\u671f\u7684\u8d44\u91d1\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Auxmoney\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CipherCloud; H2O.ai<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u91d1\u878d\u79d1\u6280\uff1b\u4fdd\u9669\u79d1\u6280\uff1b\u5206\u6790<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Cigna Ventures<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cigna Ventures\u662fCigna\u7684\u4f01\u4e1a\u98ce\u9669\u6295\u8d44\u90e8\u95e8\uff0c\u65e8\u5728\u52a0\u901f\u533b\u7597\u4fdd\u5065\u884c\u4e1a\u521d\u521b\u4f01\u4e1a\u7684\u53d1\u5c55\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Omada Health; arcadia.io; GNS Healthcare<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u5065\u5eb7\u62a4\u7406\uff1b\u533b\u7597\uff1bIT<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>\u7ebd\u7ea6\u4eba\u5bff\u98ce\u9669\u6295\u8d44\u516c\u53f8<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u7f8e\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u7ebd\u7ea6\u4eba\u5bff\u98ce\u9669\u6295\u8d44\u516c\u53f8 NYLIC\u662f\u7f8e\u56fd\u6700\u5927\u7684\u4e92\u52a9\u5f0f\u4eba\u5bff\u4fdd\u9669\u516c\u53f8\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Trifacta; \u80e1\u841d\u535c\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cogito\u516c\u53f8<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u533b\u7597\u4fdd\u5065\uff1b\u673a\u5668\u5b66\u4e60\uff1b\u8f6f\u4ef6<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>\u5b89\u8054X<\/b><\/td>\n<td><span style=\"font-weight: 400;\">\u5fb7\u56fd<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Allianz X\u662f\u5b89\u8054\u96c6\u56e2\u7684\u6570\u5b57\u6295\u8d44\u90e8\u95e8\uff0c\u6295\u8d44\u4e8e\u4e0e\u4fdd\u9669\u6709\u5173\u7684\u6570\u5b57\u589e\u957f\u516c\u53f8\u3002<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Gojek; Amwell; N26<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u91d1\u878d\u670d\u52a1\uff1b\u6c7d\u8f66\uff1b\u91d1\u878d\u79d1\u6280<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u8d44\u6e90\u3002Crunchbase<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u6211\u4eec\u5c06\u901a\u8fc7\u4ed4\u7ec6\u89c2\u5bdf\u4e24\u5bb6\u5177\u6709\u76f8\u5bf9\u4e0d\u540c\u80cc\u666f\u7684\u5bff\u9669\u516c\u53f8\uff0c\u6765\u5206\u6790\u6295\u8d44\u52a8\u673a\u548c\u7b56\u7565\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Kaiser Permanente Ventures (KPV)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kaiser Permanente Ventures\u662fKaiser Permanente\u5728\u7f8e\u56fd\u7684\u4e00\u4e2a\u98ce\u9669\u6295\u8d44\u90e8\u95e8\uff0c\u81f4\u529b\u4e8e\u4e0e\u4f01\u4e1a\u5bb6\u5408\u4f5c\uff0c\u63a8\u8fdb\u4e34\u5e8a\u8d28\u91cf\u3001\u670d\u52a1\u548c\u53ef\u8d1f\u62c5\u6027\u3002Kaiser Permanente\u8054\u5408\u4f1a\u662f\u516b\u4e2aPermanente\u533b\u7597\u96c6\u56e2\u7684\u5168\u56fd\u6027\u9886\u5bfc\u548c\u54a8\u8be2\u7ec4\u7ec7\uff0c\u8fd9\u4e9b\u533b\u7597\u96c6\u56e2\u7531\u8fd123000\u540d\u533b\u751f\u7ec4\u6210\uff0c\u4e3a1220\u4e07Kaiser Permanente\u4f1a\u5458\u63d0\u4f9b\u670d\u52a1\u3002KPV\u96b6\u5c5e\u4e8eKaiser Permanente\uff0c\u62e5\u670920\u5e74\u7684\u98ce\u9669\u6295\u8d44\u7ecf\u9a8c\uff0c\u7ba1\u7406\u7684\u8d44\u91d1\u8d85\u8fc7$5\u4ebf\u3002<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-4095 size-full\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/KPV-_-Investments-Made-Over-Time.jpg\" alt=\"\" width=\"512\" height=\"159\" srcset=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/KPV-_-Investments-Made-Over-Time.jpg 512w, https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/KPV-_-Investments-Made-Over-Time-300x93.jpg 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4096 size-full\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/KPV-_-Industries-By-Number-of-Investments.jpg\" alt=\"\" width=\"512\" height=\"162\" srcset=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/KPV-_-Industries-By-Number-of-Investments.jpg 512w, https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/KPV-_-Industries-By-Number-of-Investments-300x95.jpg 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">\u6765\u6e90\uff1aCrunchbase<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4ece2001\u5e74\u5f00\u59cb\uff0cKPV\u53c2\u4e0e\u4e8680\u9879\u6295\u8d44\uff0c\u5176\u4e2d12\u9879\u662f\u9886\u5148\u7684\u6295\u8d44\uff0c\u5728\u6211\u4eec\u7684\u540d\u5355\u4e2d\u6309\u6295\u8d44\u6570\u91cf\u6392\u540d\u7b2c\u4e00\u3002\u4ece\u56fe\u4e2d\u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c\u4ece2010\u5e74\u5f00\u59cb\uff0cKPV\u52a0\u5feb\u4e86\u5176\u98ce\u9669\u6295\u8d44\u7684\u6b65\u4f10\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u5728\u7f8e\u56fd\u7684\u533b\u7597\u4fdd\u5065\u9886\u57df\u8fdb\u884c\u6295\u8d44\uff0c\u91cd\u70b9\u662f\u5065\u5eb7\u4fe1\u606f\u6280\u672f\u3001\u6570\u5b57\u5065\u5eb7\u3001\u533b\u7597\u4fdd\u5065\u670d\u52a1\u3001\u533b\u7597\u8bbe\u5907\u3001\u8bca\u65ad\u5b66\u548c\u7cbe\u51c6\u533b\u7597\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4eceKPV\u83b7\u5f97\u8d44\u91d1\u6700\u591a\u7684\u524d\u4e09\u5bb6\u516c\u53f8\u662f\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$160M in <\/span><b>\u8299\u857e\u8bfa\u59c6<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">\u4e00\u4e2a\u6839\u636e\u4e2a\u4eba\u65e0\u7ec6\u80de\u57fa\u56e0\u7ec4\u5e2e\u52a9\u8bbe\u8ba1\u5065\u5eb7\u6761\u4ef6\u7684\u5e73\u53f0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$150M in <\/span><b>\u68b5\u8482\u5188<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">\u4e00\u6b21\u6027\u80f0\u5c9b\u7d20\u6cf5V-GO\u548c\u7528\u4e8e\u6cbb\u75972\u578b\u7cd6\u5c3f\u75c5\u7684\u5fae\u9488\u8d34\u7247\u7684\u5f00\u53d1\u5546\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$85M in <\/span><b>\u5065\u5eb7\u50ac\u5316\u5242<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">\u4e00\u4e2a\u6280\u672f\u5e73\u53f0\uff0c\u7ec4\u7ec7\u548c\u8fde\u63a5\u6765\u81ea\u4e0d\u540c\u7cfb\u7edf\u7684\u5065\u5eb7\u76f8\u5173\u6570\u636e\uff0c\u5e76\u63d0\u4f9b\u7ed9\u6240\u6709\u7528\u6237\u4f7f\u7528\u3002<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u8fd9\u4e09\u5bb6\u516c\u53f8\u90fd\u4ee3\u8868\u4e86\u533b\u7597\u4fdd\u5065\u670d\u52a1\u7684\u91cd\u8981\u521b\u65b0\u3002\u901a\u8fc7\u8fd9\u4e9b\u98ce\u9669\u6295\u8d44\uff0cKaiser Permanente\u80fd\u591f\u4ece\u4e0e\u8fd9\u4e9b\u4f01\u4e1a\u5bb6\u7684\u5bc6\u5207\u63a5\u89e6\u4e2d\u83b7\u5f97\u6d1e\u5bdf\u529b\uff0c\u5e76\u5728\u4ed6\u4eec\u7684\u4ea7\u54c1\u57fa\u7840\u4e0a\u66f4\u597d\u5730\u5728\u7f8e\u56fd\u5b9e\u73b0\u9ad8\u8d28\u91cf\u3001\u53ef\u83b7\u5f97\u548c\u5177\u6709\u6210\u672c\u6548\u76ca\u7684\u62a4\u7406\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u5b89\u76db\u521b\u6295 (AVP)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u603b\u90e8\u8bbe\u5728\u6cd5\u56fd\u7684\u5b89\u76db\u521b\u6295\uff0c\u662f\u5b89\u76db\u96c6\u56e2\u7684\u98ce\u9669\u6295\u8d44\u90e8\u95e8\u3002 <\/span><span style=\"font-weight: 400;\">\u662f\u4e00\u4e2a\u6295\u8d44\u4e8e\u9ad8\u589e\u957f\u7684\u6280\u672f\u578b\u516c\u53f8\u7684\u98ce\u9669\u6295\u8d44\u57fa\u91d1\u3002\u867d\u7136\u4e0eKPV\u76f8\u6bd4\uff0cAVP\u7684\u542f\u52a8\u65f6\u95f4\u76f8\u5bf9\u8f83\u665a\uff0c\u4f46\u5728\u77ed\u77ed\u76845\u5e74\u65f6\u95f4\u91cc\uff0cAVP\u5df2\u7ecf\u8fde\u7eed\u6295\u8d44\u4e8665\u5bb6\u516c\u53f8\uff0c\u4f7f\u5176\u6210\u4e3a\u4e00\u4e2a\u4e0d\u6d3b\u8dc3\u7684\u4fdd\u9669\u516c\u53f8\u652f\u6301\u7684\u98ce\u9669\u6295\u8d44\u57fa\u91d1\u3002\u8be5\u516c\u53f8\u7ba1\u7406\u7740$8\u4ebf\u8d44\u91d1\uff0c\u6295\u8d44\u4e8e\u4f01\u4e1a\u8f6f\u4ef6\u548c\u98a0\u8986\u6027\u6280\u672f\uff0c\u5982\u6570\u5b57\u5b89\u5168\u3001\u6d88\u8d39\u6280\u672f\u3001\u91d1\u878d\u6280\u672f\u548c\u4fdd\u9669\u6280\u672f\u3002<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4097 size-full\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/AXA-_-Investments-Made-Over-Time.jpg\" alt=\"\" width=\"512\" height=\"158\" srcset=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/AXA-_-Investments-Made-Over-Time.jpg 512w, https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/AXA-_-Investments-Made-Over-Time-300x93.jpg 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4098 size-full\" src=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/AXA-_-Industries-By-Number-of-Investments.jpg\" alt=\"\" width=\"512\" height=\"161\" srcset=\"https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/AXA-_-Industries-By-Number-of-Investments.jpg 512w, https:\/\/lions.financial\/wp-content\/uploads\/2020\/12\/AXA-_-Industries-By-Number-of-Investments-300x94.jpg 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">\u6765\u6e90\uff1aCrunchbase<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4ece\u5b89\u76db\u521b\u6295\u83b7\u5f97\u6700\u591a\u8d44\u91d1\u7684\u524d\u4e09\u5bb6\u516c\u53f8\u662f\uff1a\u5b89\u76db\u521b\u6295\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$123M in <\/span><b>NS8<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">\u4e00\u4e2a\u7ed3\u5408\u4e86\u884c\u4e3a\u5206\u6790\u548c\u5b9e\u65f6\u8bc4\u5206\u7684\u9632\u6b3a\u8bc8\u5e73\u53f0\uff0c\u5e2e\u52a9\u4f01\u4e1a\u6700\u5927\u9650\u5ea6\u5730\u964d\u4f4e\u98ce\u9669<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$65M in <\/span><b>\u5bf9\u6bd4\u5b89\u5168<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">\u81ea\u52a8\u68c0\u6d4b\u6f0f\u6d1e\uff0c\u7528\u81ea\u6211\u4fdd\u62a4\u8f6f\u4ef6\u62b5\u5fa1\u76ee\u6807\u653b\u51fb\u548c\u673a\u5668\u4eba\u653b\u51fb<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$55M in <\/span><b>\u5757\u72b6\u6d41<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">\u6bd4\u7279\u5e01\u548c\u533a\u5757\u94fe\u6280\u672f\u7684\u5168\u7403\u9886\u5bfc\u8005\uff0c\u901a\u8fc7\u51cf\u5c11\u5bf9\u4fe1\u4efb\u7684\u4f9d\u8d56\u4f7f\u91d1\u878d\u5e02\u573a\u66f4\u6709\u6548\u7387<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u4ee5\u4e0a\u4e09\u70b9\u90fd\u8868\u660eAVP\u5bf9\u7f51\u7edc\u5b89\u5168\u6280\u672f\u7684\u5f3a\u70c8\u5b9a\u4f4d\uff0c\u5e76\u6210\u529f\u5730\u786e\u5b9a\u4e86\u516c\u53f8\u5728\u7f51\u7edc\u98ce\u9669\u3001\u6570\u5b57\u533b\u7597\u3001\u91d1\u878d\u79d1\u6280\u548c\u4fdd\u9669\u6280\u672f\u65b9\u9762\u7684\u4e3b\u8981\u6295\u8d44\u4e3b\u9898\u3002\u8be5\u57fa\u91d1\u7684\u4e3b\u8981\u76ee\u6807\u4e0d\u4ec5\u662f\u4e3a\u4e86\u6295\u8d44\u56de\u62a5\uff0c\u4e5f\u662f\u4e3a\u4e86\u5bf9\u5b89\u76db\u96c6\u56e2\u7684\u4e1a\u52a1\u4e3e\u63aa\u4ea7\u751f\u6218\u7565\u5f71\u54cd\u7684\u534f\u540c\u4f5c\u7528\u3002<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>What are the traditional types of investments made by a life insurance company? Insurance companies tend to invest most of the premium in bonds, and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[97],"tags":[],"ppma_author":[386],"class_list":["post-4093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-valuation","author-research-team"],"acf":[],"authors":[{"term_id":386,"user_id":0,"is_guest":1,"slug":"research-team","display_name":"Research Team","avatar_url":{"url":"https:\/\/lions.financial\/wp-content\/uploads\/2018\/12\/cropped-LIons-Assurance-Financial-Logo-Favicon.png","url2x":"https:\/\/lions.financial\/wp-content\/uploads\/2018\/12\/cropped-LIons-Assurance-Financial-Logo-Favicon.png"},"author_category":"","user_url":"","last_name":"","first_name":"","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/4093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/comments?post=4093"}],"version-history":[{"count":1,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/4093\/revisions"}],"predecessor-version":[{"id":4099,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/posts\/4093\/revisions\/4099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/media\/4094"}],"wp:attachment":[{"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/media?parent=4093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/categories?post=4093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/tags?post=4093"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/lions.financial\/zh\/wp-json\/wp\/v2\/ppma_author?post=4093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}