About ZA ONLINE Company

Zhongan Online Property Insurance Co., Ltd. (hereinafter: Zhongan Insurance, Zhongan), was inaugurated on November 6, 2013, and was founded by well-known companies such as Ant Financial, Tencent, and Ping An of China. As the world's first internet insurance company, Zhongan is also a fintech company that drives financial development through technological innovation. Zhongan Insurance is headquartered in Shanghai, China, and does not have any branches. It provides online underwriting and claims processing services entirely through the Internet. In June 2015, Zhongan Insurance, which had only been in existence for 17 months, received Series A financing of nearly 6 billion yuan, adding 5 financial investment institutions: Morgan Stanley, CICC, Dinghui Investment, Saifu Fund, and Casberg. In December 2015, H2 Ventures, a well-known Australian fintech venture capital firm, teamed up with KPMG (KPMG) to release the top 100 global fintech list, and Zhongan Insurance won the crown. As a leading insurance technology company, Zhongan initially started with return insurance to resolve return disputes, and created a series of risk solutions surrounding the e-commerce ecosystem, such as Zonglebao and account security insurance, in the e-commerce scenario. Since then, Zhongan has quickly moved into other scenarios and built core business divisions such as health insurance, air travel and commercial insurance, consumer finance, car insurance, and 3C digital. Since its establishment more than three years ago, Zhongan Insurance has formed core advantages: product design is based on scenario customization and quick response to demand; pricing is based on Internet big data and dynamic underwriting; sales are seamlessly connected to scenarios, face customers, and cross-sell; and claims services are highly automated, quick and transparent. So far, Zhongan Insurance has connected more than 180 ecological partners to provide a complete set of risk solutions for the Internet economy. As of December 31, 2016, the total number of customers served by Zhongan Insurance was 0.492 billion, and the number of insurance policies exceeded 7.2 billion. In the process of exploring scenario insurance, as the first domestic financial institution with a core system built on the cloud, Zhongan built an open, flexible, and expandable core system based on a cloud service platform to meet the massive and high-speed business needs of the Internet. At the same time, Zhongan continues to develop and deposit cutting-edge technologies such as artificial intelligence, blockchain, and big data, and deeply apply them in product research and development to enhance experience and improve operational efficiency. Through its wholly-owned subsidiary Zhongan Technology, Zhongan is also committed to exporting its own technology, promoting the upgrading of informatization in the insurance industry, and becoming an incubator for internal and external innovation. The future of fintech is very broad, and we look forward to more partners joining Zhong'an Insurance to make warm insurance together!