- CEO
- Jiang Xing
- Full Time Employees
- 2,395
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 219 Yuanmingyuan Road Shanghai People's Republic of China
- IPO Date
- Dec 28, 2017
- Business
- ZhongAn Online P & C Insurance Co., Ltd. (6060:HK; ZZHGF) is China's first online-only InsurTech company, providing a comprehensive range of digital property and casualty insurance products and services through its proprietary platforms and ecosystem partnerships including Ant Group, Tencent, and Ping An Insurance; founded in 2013 and headquartered in Shanghai, it operates primarily in China with international expansion via subsidiaries such as ZhongAn International and ZA Tech (rebranded from ZhongAn Technology), focusing on health, digital lifestyle, auto, and technology-enabled solutions across onshore and offshore markets including Hong Kong, Japan, Thailand, and Europe. Core offerings encompass the health ecosystem with flagship products like the Personal Clinic Policy series (covering outpatient, inpatient, externally purchased drugs, and medical devices), Zhong Min Bao inclusive series for pre-existing conditions and chronic patients (including the February 2025 mid-to-high-end medical insurance launch), and Premium E-Health upgrades with Baowang partnership; the digital lifestyle segment features pet insurance (with NFC tap-and-pay and NFT Digital Pet ID innovations), drone damage and liability insurance for low-altitude economy, lifestyle consumption, consumer finance, travel, and accident policies; the auto ecosystem includes compulsory traffic liability, commercial auto, and NEV-specific products like Zhong Yan Bao warranty extension insurance for over 100 new energy vehicle brands; technology services via ZA Tech provide SaaS platforms for regulatory tech, data integration, intelligent core systems, intermediary middle office, and digital marketing, with embedded insurance exported to partners like Carro and PayPay in 12 countries; additionally, through ZA Bank in Hong Kong, it offers digital banking including deposits, loans, FX, investments, crypto trading, and insurance integration. In July 2025, ZhongAn completed its first post-IPO H-share placement raising approximately US$500 million (HK$3.92 billion) through 215 million new shares at HK$18.25 each, representing 12.76% of enlarged share capital, with proceeds allocated 60% to insurance underwriting and asset management, 30% to fintech innovations, and 10% to general purposes to bolster its dual-engine Insurance + Technology strategy; first-half 2025 results showed GWP up 9.3% to RMB16,661 million, underwriting profit doubling to RMB656 million with combined ratio improving to 95.6%, net profit surging over 11-fold to RMB668 million driven by AI platform Lingxi (450 million robot invocations), health GWP growth of 38.3% to RMB6,275 million, pet insurance up 51.3% to RMB563 million, NEV auto up 125.4%, and ZA Bank's historic HKD49 million profit; other recent advancements include independent compulsory auto insurance operations in Shanghai and Zhejiang, agricultural drone insurance with DJI in Thailand, and ZA Tech's USD35 million Series A financing in 2025 under Peak3 global brand.