Business
Zhibao Technology Achieves Milestone Growth in Gas Insurance Sector; Expands Digital Protection for Individual Consumers
KEY HIGHLIGHTS Milestone: Nearing RMB 100 million (USD 14.5 million) in natural gas insurance premiums, a 10x increase compared to calendar year 2025. Market
About this update from Zhibao Technology Inc.
[{"type":"text","content":"KEY HIGHLIGHTS\n\n\nMilestone: Nearing RMB 100 million (USD 14.5 million) in natural gas insurance premiums, a 10x increase compared to calendar year 2025.\n\n\nMarket Gap: China's residential property insurance market lags behind other markets. Zhibao is already active and growing in this market.\n\n\nTargeting: Optimized for \"self-directed\" Gen Z buyers, 84% of whom purchase insurance online.\n\n\nShanghai, China--(Newsfile Corp. - March 2, 2026) - Zhibao Technology Inc. (NASDAQ: ZBAO) (\"Zhibao,\" \"we,\" or the \"Company\"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced record-breaking performance within its natural gas insurance business, a key pillar of its individual-focused growth strategy for 2026. The Company's natural gas insurance segment represented nearly RMB 100 million (USD 14.5 million) in total premiums over the past calendar year, with brokerage revenue climbing to over RMB 56 million (USD 8.1m).\nThis achievement represents a ten-fold year-over-year increase compared to calendar year 2025. The growth is driven by Zhibao's proprietary Platform-as-a-Service (PaaS) and its 2B2C embedded digital insurance model, which simplifies the acquisition of essential safety coverage for self-directed individual buyers.\nOur digital insurance solution distributes affordable, relevant, and easy-to-understand homeowners' insurance via natural gas utility companies. These coverages primarily cover property damage and loss, third party liability, emergency housing stipends and other natural gas accident-related coverages for as low as CNY 100 (USD 14) per year.\nHow is Zhibao Addressing China's Homeowners' Insurance Coverage Gap?\nIndustry reporting from Swiss Re suggests that the home property market in China is underdeveloped, consisting of less than 0.7% of all property and casualty (P&C) insurance premiums in 2019. This is well behind the United States' 51% and Japan's 53%. As homeowners and consumers become more tech-savvy, many are turning to the internet to understand and purchase insurance, with nearly 84% of Gen Z (born after 1995) consumers purchasing insurance online.\nWith the \"Quality Homes Initiative,\" China's homebuilding focus is shifting from quantity to quality. Therefore, with higher...