Duobaoyu Insurance

Duobaoyu Insurance is a retail insurance brokerage offering online comparison and purchasing services to individual consumers in China. Founded in 2017 and headquartered in Hangzhou, the company connects consumers with insurance products from 80+ carrier partners across life, critical illness, medical, and accident lines.

The brokerage uses social media as its primary distribution channel, with a presence on WeChat, Douyin, and other platforms. Duobaoyu was among the earliest insurance brokerages to use short-video content on Douyin for insurance education and customer acquisition, establishing that presence in 2018. Its team of 700+ professional advisors provides one-on-one consulting and personalized plan design to consumers seeking independent guidance.

Duobaoyu holds an internet insurance broker license in China (License No. 269688000000800) and has served more than 1.27 million customers. Following consolidation in China's online insurance market around 2019, the company has maintained its position as one of the remaining scale players in the consumer insurtech segment.