Zhibao Technology Achieves Milestone Growth in Gas Insurance Sector; Expands Digital Protection for Individual Consumers

Core Insights - Zhibao Technology Inc. has achieved record-breaking performance in its natural gas insurance business, with total premiums nearing RMB 100 million (USD 14.5 million) and brokerage revenue exceeding RMB 56 million (USD 8.1 million) in the past year, marking a ten-fold increase year-over-year compared to 2025 [1][2][10] Company Performance - The growth in Zhibao's natural gas insurance segment is attributed to its proprietary Platform-as-a-Service (PaaS) and a 2B2C embedded digital insurance model, which simplifies the acquisition of essential safety coverage for individual buyers [2][6] - The digital insurance solution offers affordable homeowners' insurance through natural gas utility companies, covering property damage, third-party liability, and other related coverages for as low as CNY 100 (USD 14) per year [3][6] Market Context - The homeowners' insurance market in China is underdeveloped, accounting for less than 0.7% of all property and casualty insurance premiums in 2019, significantly lower than the United States' 51% and Japan's 53% [4] - With the "Quality Homes Initiative," there is a shift in China's homebuilding focus towards quality, leading to increased demand for insurance coverage as homeowners seek to protect their valuable assets [5] Strategic Positioning - Zhibao's 2B2C model positions the company to meet the growing demand for individual safety and security, allowing consumers to easily find insurance through utility companies they already engage with [6][10] - The company has developed over 40 proprietary digital insurance solutions across various industries, utilizing big data and AI technology to enhance its offerings continually [8] Management Commentary - The Chief Operating Officer highlighted the successful strategy of empowering individual consumers through superior technology and user experience, emphasizing the importance of investments in selling expenses to attract natural gas B-Channels [6] - The Chief Executive Officer expressed confidence in applying insights from the natural gas solution to other sectors, reinforcing the company's vision of providing relevant insurance products to individuals and SMEs [6]