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ZhongAn Online P & C Insurance Co Ltd
HKEX:6060

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ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
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Price: 11.94 HKD 1.02% Market Closed
Market Cap: 17.5B HKD
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ZhongAn Online P & C Insurance Co Ltd
Investor Relations

ZhongAn Online P & C Insurance Co Ltd., a pioneering force in the field of online insurance, transformed traditional insurance models by leveraging technology to cater to a digitally-savvy customer base. Founded in 2013 as a joint venture by heavyweights of the Chinese business landscape, Alibaba’s Jack Ma, Tencent’s Pony Ma, and Ping An Insurance’s Ma Mingzhe, ZhongAn emerged as the first pure online insurer in China. By utilizing big data analytics and AI, they crafted bespoke insurance products catering to niche markets and needs that were previously underserved, such as insurance for mobile-screen damage or flight delays. This innovative approach allowed them to penetrate the market rapidly, sidestepping the conventional brick-and-mortar infrastructure that burdened many traditional insurance companies.

The revenue engine of ZhongAn spins primarily from its tailored insurance offerings sold through online platforms, with a significant emphasis on volume-driven sales. ZhongAn disrupted the industry by integrating seamlessly with partner e-commerce giants like Alibaba and Tencent, providing convenient access to its policies right at the point-of-sale for customers who are already in an online buying mood. The company’s sharp focus on digital channels not only stretches its market reach but also keeps operating costs low, enabling competitive pricing strategies. ZhongAn further amplifies its profitability through its innovative tech solutions umbrella, ZhongAn Technology, which provides software as a service to other insurers, enabling them to modernize their digital infrastructures. It's this dual-strength approach of cutting-edge technology and strategic partnerships that secures ZhongAn's position as a leader in the digital insurance revolution.

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Management

Mr. Gaofeng Li
Vice GM, CFO, Chief Investment Officer & Executive Director
No Bio Available
Mr. Yongbo Zhang
Vice GM, Chief Legal Officer & Compliance Director
No Bio Available
Mr. Liqun Han
Assistant GM & Chief Development Officer
No Bio Available
Mr. Yang Yu
Assistant GM & Chief Risk Management Officer
No Bio Available
Mr. Min Wang
Executive Vice GM & Secretary of the Board of Directors
No Bio Available
Mr. Hai Lin
Chief Actuary
No Bio Available
Mr. Ruixian Sun
Financial Director
No Bio Available

Contacts

Address
SHANGHAI
Shanghai
No. 219 Yuanmingyuan Road
Contacts
+862160278677.0
www.zhongan.com