ZhongAn Online P&C Insurance

ZhongAn Online P&C Insurance Co., Ltd. is a direct-to-consumer internet-only insurance carrier domiciled in Shanghai, China, writing property and casualty insurance exclusively through online channels. Founded in February 2013 by Jack Ma (Alibaba Group), Pony Ma (Tencent), and Mingzhe Ma (Ping An Insurance), it was the first carrier in China to operate without physical branch offices, distributing all products through digital platforms and ecosystem partners.

The carrier operates across personal lines (health, accident, home, and auto), commercial lines for small businesses, and specialty coverage for sectors including dining, travel, pet care, flexible workforce, and fintech. ZhongAn also operates a wholly-owned subsidiary, ZhongAn Technology, which provides a cloud-based SaaS platform -- the Intelligent Open Platform for Insurers -- to approximately 300 corporate clients including other carriers and third-party administrators. The platform delivers AI-powered underwriting tools, blockchain-based data management, claims automation, and analytics services under five product series (S, X, H, T, F).

ZhongAn reported gross written premium of RMB 33.417 billion in 2024, a 13.3% year-on-year increase, with a 2024 solvency adequacy ratio of 227%. The company holds more than 20% market share in China's internet P&C insurance segment, ranking first nationally. Listed on the Hong Kong Stock Exchange since September 2017 (ticker: 6060.HK), ZhongAn completed a USD 500 million H-share placement in July 2025 to fund core underwriting, asset management, and fintech innovation.