ZhongAn

insurtechonline first insurance

FOUNDING YEAR: 2013
LOCATION: China
Last Update: 01/05/2020

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About

Zhong An Online P&C Insurance Co. is China’s first online-only insurer. The Chinese insurer was started in 2013 with backing from Chinese Internet giant Alibaba Group Holding Ltd.’s financial-services affiliate. Zhong An innovative insurance is an Internet-based insurance company data. Big data allows insurers can not meet the needs of the past becomes possible.

Focus

PRODUCTS & SERVICES

Provide online only insurance

MAIN CLIENTS

Retail Insurance customers

EXISTING PARTNERSHIPS

Partnership with Tencent

Zhaopin

PRIMARY PROBLEM SOLVED

Provide lower operating and distribution costs to its users. Big data and analytics support ensures accurate product pricing and risk control, making the internet ecosystem more desirable.

COMMENT

The company has got a first mover advantage of being the first insurer to provide online-only insurance in China.

Traction

VALUATION / MARKET CAP:

$8 B in 2016

TRACTION COMMENT:

The company offers more than 200 insurance products and had written more than 3.6 billion policies to 369 million customers as of 2015.

Momentum

FUNDED

YES

TOTAL FUNDING

$931.3 M

DATE OF LAST FUNDING

Jun 2015

FUNDING SERIES

SERIES A  · $931.3 M  · Jun 2015

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

China

Views:

177 VISITORS | 405 VIEWS
LATEST FUNDING ROUND

$931 M

About

Zhong An Online P&C Insurance Co. is China’s first online-only insurer. The Chinese insurer was started in 2013 with backing from Chinese Internet giant Alibaba Group Holding Ltd.’s financial-services affiliate. Zhong An innovative insurance is an Internet-based insurance company data. Big data allows insurers can not meet the needs of the past becomes possible.

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