PriyaPatel
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TLDR:
Key Points:
- Zhibao Technology’s subsidiary Sunshine Insurance Brokers has won a contract to provide ‘Hui Jia Bao’ Inclusive Homeowners’ Insurance in Nanjing, China.
- The Hui Jia Bao product aims to bridge the coverage gap in the insurance market in China by offering affordable homeowners’ insurance.
Summary:
Zhibao Technology’s subsidiary, Sunshine Insurance Brokers, has secured a contract to provide ‘Hui Jia Bao’ Inclusive Homeowners’ Insurance in Nanjing, China. This product, marketed as ‘Ning Jia Bao’ in Nanjing, is insured by a panel of six leading insurers. Hui Jia Bao is a cost-effective insurance solution designed to offer coverage to homeowners in cities across China. The Company anticipates generating significant revenue from this product over the next three years. Zhibao Technology aims to expand the reach of Hui Jia Bao to additional cities in China, focusing on providing essential insurance coverage to low-income individuals and families. The Company’s innovative digital insurance solutions, including ‘Hui Min Bao’ for medical insurance, are designed to benefit customers and society at large. Zhibao Technology is at the forefront of the InsurTech industry in China, utilizing big data and AI technology to enhance its digital insurance offerings.
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