Zhibao Tech’s Sunshine Ins. Brokers win Nanjing’s “Hui Jia Bao” contract.

TLDR:

Key Points:

• Zhibao Technology’s subsidiary, Sunshine Insurance Brokers, secured a contract to provide “Hui Jia Bao” homeowners’ insurance in Nanjing.
• The company projects generating up to CNY 230 million in premium and CNY 46 million in revenue over the next three years.

The subsidiary won the contract to offer the inclusive homeowners’ insurance product ‘Hui Jia Bao’ in Nanjing, China, providing coverage in a city with over 9 million residents. Marketed as ‘Ning Jia Bao’, the product is insured by a panel of six leading insurers, led by PICC’s Nanjing branch. Starting at CNY 99 per year, the aim is to fill a critical coverage gap in China’s insurance market. Management projects significant revenue generation over three years, and Zhibao is planning to expand the product to multiple cities in China.