StageIPO | IPO
Date of IPO9/28/2017
Missing: ZhongAn Insurance's Product Demo & Case Studies
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Missing: ZhongAn Insurance's Product & Differentiators
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Research containing ZhongAn Insurance
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CB Insights Intelligence Analysts have mentioned ZhongAn Insurance in 5 CB Insights research briefs, most recently on Sep 28, 2020.
Expert Collections containing ZhongAn Insurance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ZhongAn Insurance is included in 4 Expert Collections, including Fintech 250.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
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Latest ZhongAn Insurance News
Jan 11, 2023
Financials Author: Peilin He Editor: Yiran Xing Updated 8 mins ago (GMT+8) The Internet-based insurance business continues to grow, as companies leverage technology and the high penetration rate of the Internet to reach more consumers. ZhongAn Online P&C Insurance Co. Ltd. (ZhongAn Insurance, 6060.HK, Chinese: 众安保险) released its 2022 Annual Claims Report on January 9. The annual report shows that ZhongAn Insurance served 166 million customers in their insurance claims in 2022. A total of 428 million claims were paid out and the payout amount in 2022 amounted to over CNY 11.9 billion (USD 1.75 billion). Two features were observed from the 2022 claims data. Firstly, the number of outpatient and emergency treatment claims has increased significantly, with the number of claims increasing by more than 10 times year-on-year. Secondly, with the expansion of coverage of insurance products, the use of and demand for new medical treatments by consumers is also increasing. ZhongAn Insurance, founded on November 6, 2013, is China's first Internet-based insurance company. It was listed on the Main Board of the Hong Kong Stock Exchange on September 28, 2017. Headquartered in Shanghai, ZhongAn Insurance's business revolves around four categories: health, daily digital use, consumer finance, and automobile, providing customers with customized new insurance. ZhongAn Insurance has a market capitalization of HKD 38 billion and its share price stood at HKD 26.40 as of press time. Selected reports
ZhongAn Insurance Frequently Asked Questions (FAQ)
Where is ZhongAn Insurance's headquarters?
ZhongAn Insurance's headquarters is located at ROCKBUND 4-5F, Shanghai.
What is ZhongAn Insurance's latest funding round?
ZhongAn Insurance's latest funding round is IPO.
How much did ZhongAn Insurance raise?
ZhongAn Insurance raised a total of $931M.
Who are the investors of ZhongAn Insurance?
Investors of ZhongAn Insurance include Morgan Stanley, CDH Investments, China International Capital Corporation, SAIF Partners China, Keywise Capital and 6 more.
Who are ZhongAn Insurance's competitors?
Competitors of ZhongAn Insurance include Finatext Holdings and 2 more.
Compare ZhongAn Insurance to Competitors
Qover is a B2B2C company that provides a suite of insurance products to companies, which companies can append to consumer-facing products. Qover provides cross-industry products and companies that generate extra revenue by offering the insurance product to consumers at the point of sale.
Hepstar, founded in 2013, is a provider of digital insurance distribution. The company's technology platform aims to help travel merchants maximize revenues from travel insurance sales using personalized customer engagement and e-merchandising technology.
Ezin is an insurance company that provides insurance products. It is based in Ho Chi Minh City, Vietnam.
Salesforce (NYSE: CRM) is an enterprise cloud computing provider. The company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Its clients use salesforce.com to manage their customer, sales, and operational data. Sales Cloud, Service Cloud, Marketing Cloud, Community Cloud, Salesforce Analytics, and App Cloud are the product developed by the platform. It primarily focuses on automotive, communication, healthcare, education, financial services, non-profit, media, and other industries. The company was founded in 1999 and is based in San Francisco, California.
Setoo allows e-businesses to build and distribute personalized insurance and protection products. With Setoo's parametric insurance-as-a-service platform, e-businesses can create new, targeted protections within minutes, addressing consumers' actual concerns, and generating automatic compensation without the need to file any claim. Setoo operates as an MGA and is approved by the FCA in UK and ACPR in the EU. On July 15, 2021, Setoo merged with Pattern.
Finatext group provides cloud-based, API-driven infrastructure and business solutions with full-scope coverage to financial institutions and new entrants from other industries.
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