Zhibao Technology Inc. (NASDAQ:ZBAO), a fast-growing InsurTech company focused on digital insurance brokerage services in China, announced strong growth in its natural gas insurance segment, highlighting the business as a central driver of its consumer-focused strategy for 2026.
The company said total premiums generated through its gas insurance products approached RMB 100 million (approximately $14.5 million) over the past calendar year, while brokerage revenue exceeded RMB 56 million ($8.1 million). The performance represents a tenfold increase compared with calendar year 2025, supported by Zhibao’s proprietary Platform-as-a-Service (PaaS) infrastructure and its 2B2C embedded insurance distribution model.
Zhibao’s digital platform allows individual consumers to purchase essential protection directly through natural gas utility providers, offering simplified access to homeowners’ insurance products. Policies cover risks such as property damage, third-party liability, temporary housing support and other incidents linked to gas accidents, with annual premiums starting at around CNY 100 ($14).
Addressing China’s homeowners’ insurance gap
According to industry data cited by the company, China’s homeowners’ insurance penetration remains comparatively low, accounting for less than 0.7% of total property and casualty premiums in 2019, far below levels seen in the United States and Japan. Growing digital adoption is reshaping purchasing behavior, with roughly 84% of Gen Z consumers now buying insurance products online.
Zhibao said China’s “Quality Homes Initiative,” which emphasizes improved housing standards rather than construction volume, is likely to increase demand for insurance coverage as property values rise and homeowners seek greater protection.
Expanding access through embedded insurance
The company believes its 2B2C distribution model positions it to capture rising demand for personal protection products by integrating insurance offerings into services consumers already use, such as utilities. Key advantages of the approach include:
- A streamlined digital purchasing experience that lowers entry barriers for individuals
- Tailored product design focused on residential safety risks
- Expanded accessibility through established partner distribution channels
Management commentary
“Our calendar year 2025 results in the gas sector validate our strategy of empowering the individual consumer through superior technology and user experience,” said Mr. Xiaowe Le, Chief Operating Officer of Zhibao. “I am proud of the hard work put in by our natural gas teams in securing these strong results. We made a large investment in selling expenses in 2025, which I believe was instrumental in attracting our natural gas B-Channels. I am excited to see what further returns this investment will drive in 2026 and beyond.”
“Zhibao’s vision has always been to provide relevant insurance products to individuals and small- and medium-enterprises (SMEs) through our strong cooperation with B-Channels. I believe the strong results from our natural gas solution are a vote of confidence in our vision,” added Chief Executive Officer Mr. Botao Ma. “I am confident that we can apply our learnings and experience from our natural gas solution to our many other sectors and solutions.”
About Zhibao Technology
Zhibao Technology Inc. (NASDAQ: ZBAO) operates a digital insurance brokerage platform in China built around a 2B2C embedded insurance model powered by proprietary PaaS technology. Since launching its platform in 2020, the company has developed more than 40 digital insurance solutions spanning industries including travel, sports, logistics, utilities and e-commerce.
By leveraging big data analytics and artificial intelligence, Zhibao continuously refines its insurance offerings to adapt to evolving consumer preferences and emerging market trends.