Zhibao Logs RMB100M Gas Insurance Premiums, RMB56M Brokerage Revenue
Zhibao's natural gas insurance premiums reached nearly RMB 100 million (USD 14.5 million) in calendar year 2025, driving brokerage revenue to over RMB 56 million (USD 8.1 million) and marking a tenfold increase year-over-year. Growth was powered by its proprietary PaaS-based 2B2C embedded digital insurance model, offering policies from CNY 100 (USD 14) annually.
1. Record Gas Insurance Growth
Zhibao's natural gas insurance segment generated nearly RMB 100 million (USD 14.5 million) in total premiums during calendar year 2025, with brokerage revenue hitting RMB 56 million (USD 8.1 million). This performance represents a tenfold year-over-year increase and underscores the segment's role as a growth pillar for 2026.
2. Proprietary PaaS-Based 2B2C Model
The company's embedded digital insurance brokerage leverages a Platform-as-a-Service framework that integrates with natural gas utility providers. This model streamlines policy purchase for individual consumers and supports low-cost coverage options starting at CNY 100 (USD 14) per year.
3. Targeting Gen Z and Addressing Market Gap
With 84% of Gen Z consumers purchasing insurance online, Zhibao targets tech-savvy homeowners as China's property insurance market remains underdeveloped at under 0.7% of P&C premiums. The shift toward quality homes suggests growing demand for residential coverage, positioning Zhibao to expand its digital offerings.