（於中華人民共和國註冊成立的股份有限公司，並以「ZA Online Fintech P & C」在香港經營業務） （股份代號：6060） 董事名單及董事的職責與職能 本公告發佈之日，眾安在綫財產保險股份有限公司（「本公司」）董事（「董事」）會（「董 事會」）的成員載列如下： 執行董事 姜興先生 李高峰先生 非執行董事 眾安在綫財產保險股份有限公司 ZHONGAN ONLINE P & C INSURANCE CO., LTD.* 尹海先生 （董事長） 歐亞平先生 史良洵先生 張爽先生 歐晉羿先生 獨立非執行董事 鄭慧恩女士 陳詠芝女士 蔡朝暉先生 歐偉先生 – 1 – 附註： C：相關董事會委員會的主任 M：相關董事會委員會的成員 承董事會命 眾安在綫財產保險股份有限公司 董事長 尹海 中國上海，2025年11月28日 – 2 – 自本公告發佈之日，本公司董事會委員會成員載列如下： 戰略與投資 決策委員會 提名與薪酬 管理委員會 審計與 消費者權益 保護委員會 風險管理 與關聯交易 控制委員會 姜興先生 M 李高峰先生 M 尹海先生 C 歐亞平先生 M 史良洵先生 M 張爽先生 M 歐晉羿先生 M 鄭慧恩女士 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 眾安在綫財產保險股份有限公司 ZHONGAN ONLINE P & C INSURANCE CO., LTD.* （於中華人民共和國註冊成立的股份有限公司，並以「ZA Online Fintech P & C」在香港經營業務） （股份代號：6060） 選 舉 董 事 長； 尹先生的履歷詳情載列如下： 尹海，52歲，自2023年12月起出任本公司董事長。尹先生於2022年11月加入本公 司。彼亦是非執行董事及本公司董事會戰略與投資決策委員會主任。尹先生擁有北 京外國語學院英語學士學位及北京大學民商法碩士學位。尹先生曾任中國銀行股份 有限公司（一家於香港聯合交易所有限公司「( 聯交所」（股份代號： ) 03988）及上海證 券交易所（股份代號：601988）上市的公司）總行資金部交易員、總行資金部策略分 – 1 – 析師、倫敦分行資本市場部外匯交易主管、華泰資產管理有限公司總監、華泰財產 保險有限公司營銷總 ...

Core Insights - The second "Gathering Strength, Achieving Common Good" Waterdrop Insurance Service Ecosystem Conference was successfully held, where the "Research Report on Innovative Insurance for People with Pre-existing Conditions (2025)" was released, highlighting the protection status and demand pain points of the pre-existing condition population in China [1][5][12] - Waterdrop Insurance, in collaboration with 18 insurance companies, established the "Inclusive Product Alliance" to focus on the insurance needs of specific groups such as those with pre-existing conditions, the elderly, and mothers and infants, aiming to promote inclusive insurance services through AI empowerment and product co-creation [1][18] Group 1: Conference Highlights - The conference featured notable figures from the insurance industry, including former officials from the China Insurance Regulatory Commission and representatives from various insurance companies and media [4] - The development of insurance for people with pre-existing conditions is seen as a key measure for expanding coverage and serving public welfare, aligning with national development goals [5][7] Group 2: Research Findings - The average annual medical expenditure for individuals with pre-existing conditions is approximately 87,000 yuan, which is 2.1 times the average disposable income of residents, indicating a significant protection gap [12] - Over 60% of severe disease patients incur out-of-pocket expenses exceeding 100,000 yuan, highlighting the urgent need for better insurance solutions [12] - Young adults are experiencing a rising prevalence of sub-health and chronic diseases, with rates twice that of the elderly, necessitating innovative insurance products [12] Group 3: Product and Service Innovations - Waterdrop Insurance has launched 214 innovative insurance products for people with pre-existing conditions, with 34 being first-of-their-kind in the country, and an average of 1.14 days to launch a new product [14] - The introduction of AI-driven services, such as the AI customer service "Bao Xiaohui," has significantly improved service efficiency, achieving a response time of 1.5 seconds and a 40-fold increase in service capacity [17] - The establishment of the "Inclusive Product Alliance" aims to create affordable and accessible insurance products for the public, with participation from 18 insurance companies [18]

Core Insights - The second "Gathering Strength, Achieving Common Good" Waterdrop Insurance Service Ecosystem Conference was successfully held, where a report on the innovation of insurance for individuals with pre-existing conditions was released, highlighting the current protection status and demand pain points for this demographic [1][9] - Waterdrop Insurance established the "Inclusive Product Alliance" with 18 insurance companies to focus on the protection needs of specific groups such as individuals with pre-existing conditions, the elderly, and mothers and infants, aiming to promote inclusive insurance services through AI empowerment and product co-creation [1][16] Group 1 - The average annual medical expenditure for individuals with pre-existing conditions is nearly 90,000 yuan, indicating a significant protection gap that needs to be addressed [3][9] - The development of insurance for individuals with pre-existing conditions aligns with the national "14th Five-Year Plan" principles of prioritizing people's needs and high-quality development, and is essential for expanding coverage and improving service in the insurance industry [3][5] - The report indicates that over 60% of critical illness patients incur out-of-pocket expenses exceeding 100,000 yuan, and the prevalence of chronic diseases is increasing among younger populations, necessitating innovation in insurance products [9][10] Group 2 - Waterdrop Insurance has launched 214 insurance products for individuals with pre-existing conditions, with 34 being industry firsts, and has introduced innovative products such as a medical insurance plan that does not require health declarations [10][12] - The "Three Good Services" initiative, focusing on "Good Products," "Good Services," and "Good Claims," aims to enhance the overall service experience through AI and big data technology [13][14] - The establishment of the "Inclusive Product Alliance" aims to develop affordable and accessible insurance products for the public, with participation from various insurance companies to strengthen collaboration and trust within the industry [16]

Core Viewpoint - The article highlights the increasing concern for the safety and well-being of elderly parents living alone, particularly among younger generations who are geographically distant from them. The introduction of "Dad's Health Insurance: Fracture Insurance" by Zhong An Insurance addresses this issue by providing comprehensive protection and care solutions for elderly individuals living alone [1][2]. Group 1: Market Context - The aging population in China is growing, with over 190 million individuals aged 65 and above, and the proportion of elderly living alone is on the rise [2]. - The annual fall incidence rate among the elderly is reported at 18.3%, leading to approximately 4 million new fracture cases each year [2]. Group 2: Product Features - "Dad's Health Insurance: Fracture Insurance" combines personal and property protection, shifting the focus from mere financial compensation to comprehensive support throughout the entire process of accident, treatment, rehabilitation, and prevention [2]. - The insurance offers a one-time payout of up to 20,000 yuan for hospitalization due to accidental fractures, along with a daily hospitalization allowance of 80 yuan for up to 180 days [2]. - The product includes coverage for various property risks such as water pipe bursts, electrical fires, and telecom fraud, addressing common risks faced by elderly individuals living alone [2]. Group 3: Service and Support - The insurance process is designed to accommodate the needs of children living far from their parents, allowing remote management of policies and claims [3]. - The product emphasizes a complete cycle of risk prevention, monitoring, and response, including health check-up packages and smart devices to reduce fall risks [4]. - Additional services include 24-hour health consultation and the provision of mobility assistance devices, enhancing the safety and well-being of elderly individuals [4]. Group 4: Customer Experience - Feedback from customers indicates that the insurance provides peace of mind, with proactive services such as health check reminders and the delivery of safety devices to elderly parents [4].

Core Viewpoint - ZhongAn Online P&C Insurance Co., Ltd. has launched a new product called "Parents' Health Insurance - Fracture Insurance," focusing on the safety and care of elderly individuals living alone, shifting the emphasis from financial compensation to comprehensive protection [1] Group 1: Product Features - The insurance covers four key areas: accident, treatment, rehabilitation, and prevention, providing a full-process guarantee for elderly individuals [1] - In terms of personal protection, if an elderly person is hospitalized due to an accidental fracture, they can receive a one-time compensation limit of 20,000 yuan and a daily hospitalization allowance of 80 yuan for up to 180 days [1] - The "Hundred Days Guardian" plan can be activated during the rehabilitation phase, offering up to 100 days of caregiver services regardless of whether a disability rating is achieved [1] Group 2: Financial Protection - The product also covers common risks associated with living alone, including damage to the main structure of the house, interior decoration, burst pipes, damage to household appliances, indoor theft, and telecom fraud [1] - ZhongAn Insurance emphasizes the transition from financial compensation to risk prevention and from economic compensation to a service closure, providing not only protection for the elderly but also peace of mind for families living apart [1]

Group 1: Securities Industry - The integration of leading brokerages is accelerating, driven by supply-side reforms, promoting high-quality development in the industry [2] - Recent announcements from China International Capital Corporation, Dongxing Securities, and Xinda Securities indicate a merger plan that will enhance competitiveness and resource consolidation among top brokerages [2] - The merger aligns with the policy direction from the Central Financial Work Conference aimed at cultivating first-class investment banks, further increasing the concentration of the securities industry [2] Group 2: Insurance Sector - In October 2025, the premium growth rate for life insurance companies like Xinhua and Taibao decreased compared to September, with Xinhua showing a growth rate of +16.9% and Taibao at +9.9% for the first ten months of the year [3] - For October alone, Xinhua's premium growth was -7.2% while Taibao's was -11.2%, indicating a decline in monthly performance [3] - In the property insurance sector, both Zhong An and Taibao experienced a decline in premium growth for October, with Zhong An at +5.2% and Taibao at +0.4% for the first ten months [3] Group 3: Hong Kong Market - The Hong Kong stock market is experiencing liquidity easing against the backdrop of potential interest rate cuts by the Federal Reserve, with a focus on the upward elasticity of the non-bank sector [4] - The Hang Seng Index has decreased by 2.65% and the Hang Seng Tech Index by 8.68% since November, underperforming the MSCI World Index by 3.37% [4] - As of November 21, the total market capitalization of Hong Kong stocks was HKD 46.83 trillion, reflecting a 15.47% increase since the end of October, although trading activity has decreased with an average daily turnover of HKD 234.73 billion, down 14.62% [4]

"直到出险时,才发现自己买的不是正规保险而是统筹'保险'。"今年10月底,湖北武汉车主王先生遭遇的 烦心事,正是当下统筹"保险"乱象的写照。齐鲁晚报·齐鲁壹点记者调查发现,车险续保高峰期来临,一些不 法公司以"低价"为诱饵,将非保险性质的统筹业务包装成正规车险销售,一旦发生事故,车主将面临理赔无 门的困境。中国消费者协会最新数据显示,2024年"车辆统筹保险"投诉呈激增态势,成为保险领域投诉新 热点。 更让王先生崩溃的是,这家公司似乎只有一名理赔人员,无论何时致电均为同一人接听,当初的业务员则 以"不负责理赔"为由推诿。截至记者发稿时,事故已过去17天,王先生不仅未获分文赔付,还被对方拉黑联 系方式,车辆仍在修理厂待修。 记者查询发现,"众安众保"公司全名为商丘众安众保汽车服务有限公司,已于2025年3月7日注销。记者先 后联系该公司所在地商丘市民权县市场监督管理局和南华派出所,前者表示接到过该公司类似投诉,因公 司已注销无法受理投诉；后者则称此类纠纷暂不符合立案条件,均建议通过诉讼维权。 匪夷所思的是,该公司预留的400"投保"电话仍能正常接通,工作人员向记者表示"出险后会有人主动联 系",直至发稿记者未收 ...

Core Insights - The domestic new energy vehicle (NEV) insurance market is highly competitive, with overseas markets becoming a new growth point for NEV insurance as exports accelerate [1] - In the past five years, global NEV sales surged from less than 3 million to over 17 million, achieving a penetration rate of 22.5%. In the first three quarters of this year, China's NEV sales grew by 35% year-on-year, with exports increasing by nearly 90% [1] - Leading insurance companies like PICC, Ping An, and Taikang are actively entering the NEV insurance overseas market, while smaller insurers are less prominent in this area [1] Market Opportunities for Small Insurers - Small insurers should adopt a differentiated and specialized approach to compete, focusing on niche markets such as Latin America and the Middle East, or specific vehicle types like commercial NEVs and used NEVs, where competition is less intense [2] - Opportunities in the reinsurance sector are also viable, allowing small insurers to participate in overseas projects without directly facing complex end-market operations [2] - Analysts suggest that small insurers can still find entry points by engaging in co-insurance, reinsurance, and leveraging technology services to share growth with lower capital requirements [2] Differentiation Strategies - Zong An Insurance, the first internet insurance company to launch overseas NEV insurance, emphasizes the importance of differentiation through data-driven risk control, online and intelligent operations to reduce costs, and building an open platform for cross-border insurance services [2] - Small insurers are encouraged to leverage their unique strengths and seek collaborative opportunities with leading insurers and automotive companies to carve out their niche in the overseas market [3]

Core Insights - The recent default incident involving Baibaokun has attracted significant public attention, highlighting issues within the company's operational model and financial stability [1][3]. Company Overview - Baibaokun was established in October 2020 by ZhongAn Technology, aiming to create a data-driven algorithmic insurance platform that leverages technology to meet digital health needs and offers a "help buy" model for users [1]. - The company operates by selling rights, offering excess recharge cards, and providing redeemable points to attract users [3]. Financial Issues - Since September, multiple users have reported that the recharge cards provided by Baibaokun are not being honored, leading to over 40 complaints by November 18, with amounts ranging from thousands to tens of thousands of yuan [3]. - The legal representative and CEO, Li Xuefeng, has been taken into police custody, with the involved amount potentially exceeding 100 million yuan [3]. Shareholder Structure - Baibaokun is operated by Baibao (Shanghai) Technology Co., with its top five shareholders including ZhongAn Information Technology Service Co. (24.68%), Li Xuefeng (21.33%), and others [3]. - ZhongAn Information Technology Service Co., established in 2016, is a wholly-owned subsidiary of ZhongAn Insurance, which is backed by major shareholders including Ping An Insurance, Tencent, and Ant Group [4]. Management Background - Li Xuefeng, the second-largest shareholder and CEO of Baibaokun, has a background with ZhongAn Technology and has previously worked at J.P. Morgan, Amazon, Southeast Rongtong, and Alibaba [4]. - ZhongAn Insurance stated that while it invested in Baibaokun through intangible asset valuation, it did not participate in the actual management of the company [4].