Zhongan

Zhongan

Internet-based insurance company that sells all its products online along with handling claims. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
CNY2020202120222023202420252026
Revenues18.5b21.9b22.6b29.2b32.7b36.7b41.8b
% growth23 %18 %3 %29 %12 %12 %14 %
Profit554m1.2b(1.4b)4.1b1.3b1.2b1.2b
% profit margin3 %5 %(6 %)14 %4 %3 %3 %
EV / revenue2.4x1.6x1.7x1.0x0.6x0.5x0.3x
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DateInvestorsAmountRound
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N/A

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$931m

Valuation: $8.0b

Series A
N/A

$1.5b

Valuation: $11.0b

IPO

N/A

Post IPO Equity
Total Funding€847m

Recent News about Zhongan

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More about Zhonganinfo icon
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Zhongan is a pioneering digital insurance company that leverages cutting-edge technology to provide innovative insurance and financial services. The company operates primarily in the Chinese market, serving a diverse range of clients including individuals, small businesses, and large enterprises. Zhongan's business model revolves around offering a wide array of insurance products such as health, travel, and auto insurance, all delivered through a seamless online platform. The company makes money by underwriting insurance policies and charging premiums, as well as through partnerships with other financial institutions and technology firms. By utilizing big data, artificial intelligence, and blockchain technology, Zhongan aims to enhance customer experience, streamline operations, and reduce costs. The company is also expanding its footprint in the fintech sector with offerings like ZA Bank and ZA Insure, further diversifying its revenue streams.

Keywords: digital insurance, technology-driven, customer-centric, big data, AI, blockchain, fintech, online platform, underwriting, China market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.
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