Leveraging our technologies, we develop ecosystemoriented insurance products and solutions in different consumption scenarios to better serve our customers. This partnership will aim to create an insurance service that is entirely cloudbased. As a japanese insurance company, sompo holdings is one of the largest property insurance companies in the japanese market. Chinese online property insurer zhongan tops list of. Hong kong stock exchange realtime stock quotes, news and financial information from cnbc. Alibabas entry into chinese online insurance market asean. Feb 20, 20 alibaba, ping an, tencent okd for online insurer. Alibababacked insurer plans ipo that could set its. Chinas first internetonly insurer, whose current major shareholders include two of chinas largest internet companies alibaba groups ant financial affiliate with 16 percent and tencent. Zhong an launches big data platform for vehicle sector the. Zhong an sells insurance, ranging from coverage against flat tires to protection against returndelivery for buyers on, a marketplace of alibaba. Chinas first online insurance firm zhong an raises 5. Zhongan is an onlineonly insuretech company in china. Titans launch online insurance company global times.
Zhong ans fastestgrowing and most profitable business is the sale of air trip insurance, which is typically bundled with an airline ticket purchased on ctrip. View all properties available from zhong wo real estate development co. So the fever of digital insurance will enter the next level, with huge funds and ipos in 2018. China makes waves in digital insurance accenture insurance blog. The digital insurer reports the digital action on zhong an, chinas first property insurance company that sells all its products online. Jun 16, 2015 chinese internetbased insurance company zhong an online property insurance has raised. Issuing companies agl and us life are responsible for financial obligations of insurance products and are members of american international group, inc.
Zhong an launches big data platform for vehicle sector. Zhongan online property and casualty insurance co ltd linkedin. The company offers ecommerce, mobile payment, and financing guarantee for internet businesses and users. Download pdf version for endnotes and further reading. Big data allows insurers can not meet the needs of the past becomes possible. Alibaba, ping an, tencent okd for online insurer marketwatch. As a japanese insurance company, sompo holdings is one of the largest property insurance. Personal property which include your furniture, clothing, large and small appliances are covered in home insurance and not in property insurance. Onlineonly insurance company zhong an laying the roots in the internet mind, borrowing traditional sales power. See who you know at zhongan online property and casualty insurance co ltd, leverage your. Barely three years old, zhong an offers a comprehensive range of products including commercial property, cargo and liability insurance along with addressing a. Contact your preferred agent, agency or developer for all your property needs, from.
Zhong an innovative insurance is an internetbased insurance company data. Dec 14, 2015 chinese online property insurer zhongan has topped a list of financial technology fintech innovation companies, leading a strong showing by chinese firms this year amid increased funding and interest in the sector there. Barely three years old, zhong an offers a comprehensive range of products including commercial property, cargo and liability insurance along with addressing a series of risks concerning ecommerce, mobile payments and internet finance. It derives the majority of its revenue from the latter service. Zhong an online property and casualty insurance, which made its initial public offering in hong. We want to help with the needs of data mining and product design, automatic. Hong kong stock quote zhong an group ltd bloomberg. Zhong an chinas first complete online insurance company.
In its first year, zhong an underwrote 630 million insurance policies, the digital insurer reported. Zhong an chinas first online insurance company the digital. Zhongan online property and casualty insurance expects to. Outside of zhong an, china sees few insurance tech startups. Chinas internet service and insurance titans colaunched the countrys first online insurance company indicating that the booming internetbased financial services market is further expanding. For federal income tax purposes, you suffer a casualty loss when your propertys fair market value is reduced or obliterated by a sudden event such as a hurricane, flood, storm, fire or earthquake to the extent losses arent covered by insurance. Zhongan launches insurtech concept to world financial times. Chinas leading online insurer zhongan launches zhongan technology creating a new fintech ecosystem as it celebrates its 3year anniversary, zhongan. Average price per square meter, rents, apartment price to income ratio, mortgage affordability and other relevant economic indicators improtant to look at when considering to invest in zhongshan, china. Chinese online property insurer zhongan has topped a list of financial technology fintech innovation companies, leading a strong showing by chinese firms this year amid increased funding and interest in the sector there. Mr shi kancheng alias shi zhongan chairman ms wang shuiyun vice chairman mr zhang jiangang chief executive officer ms shen tiaojuan ms jin ni ms shi jinfan. Zhong an online is a chinese property insurance company that sells all its products online along with handling claims. Zhong an chinas first complete online insurance company the.
Zhongan online property and casualty insurance co ltd. Top startups are also aiming for ipos to catch up with zhong an. Home insurance plans buy propertyhome insurance online. Sep 25, 2017 zhong an s fastestgrowing and most profitable business is the sale of air trip insurance, which is typically bundled with an airline ticket purchased on ctrip. Zhong an online property and casualty insurance, which made its initial public offering in hong kong in september 2017, is the first onlineonly insurance company in china.
We believe brokerage will have a new age in digital insurance, and both the life and property sectors will grow. Sep 25, 2017 zhongan online property and casualty insurance begins trading in hong kong this week, launching into public markets a hot emerging asset. Zhong an, is based on the premise that the entire insurance value chain and user experience can be digitised. Zhong an online property insurance in talks to raise up to.
For example, if i take my laptop business property home to do some work, the business property can be limited or excluded. Please enter your email or order number to retrieve download insurance service. Zhongan surges in hk debut, boding well for future tech. Ultimately, zhong an has been extraordinarily successful at crossselling tailored property insurance through its founder platforms alibaba, tencent and ctrip. Chinas leading online insurer zhongan launches zhongan. Learn about working at zhongan online property and casualty insurance co ltd. We do not use the internet channels to cut the cake original market, but in the era of big data mining new social needs, create new products, the cake really big. The company provides insurance services include lifestyle consumption insurance, consumer finance insurance, health insurance, auto insurance and travel insurance. Covers accident insurance, guarantee insurance, health insurance, liability insurance, credit insurance, cargo insurance, family property insurance and other insurance analogies. Zhong an chinas first online insurance company the. However, if i use my personal computer at home to do some bureau of insurance work, that is personal property being used for a business purpose and coverage cannot be limited or excluded. Real estate for sale and rent from zhong wo real estate. Hong kong including stock price, stock chart, company news, key statistics, fundamentals and company profile. Shipping return insurance has been a major premium generator for zhong an.
Onlineonly insurer zhongan online property and casualty. Reimbursement for temporary living expenses if your house is damaged and uninhabitable is given under home insurance and not under property insurance. Zhong an online property insurance co was coestablished by chinas ecommerce giant alibaba group, internet service titan tencent holdings and the worlds secondlargest insurer by market value. Property losses due to theft or vandalism also count as casualty losses. Oct 16, 2017 for federal income tax purposes, you suffer a casualty loss when your propertys fair market value is reduced or obliterated by a sudden event such as a hurricane, flood, storm, fire or earthquake to the extent losses arent covered by insurance. Policies issued by american general life insurance company agl, houston, tx, except in new york, where issued by the united states life insurance company in the city of new york us life. According to reports, zhong an online payment service in november 6, 20 inaugurated by the ants, tencent, chinese enterprises initiated the establishment of peace. Chinas first ever onlineonly insurance company, zhong an online property and casualty insurance, is once again gearing up for a hong kong initial public offering that could bring in upward of. Chinas leading online insurer zhongan launches zhongan technology creating a new fintech ecosystem as it celebrates its 3year anniversary, zhongan launches a cuttingedge technology incubator to. Zhongan will provide an opportunity for the japanese company to enhance its insurance services through technology and digitalisation. Zhongan is the largest insurer in china by covering 7. Zhong an online property insurance, chinas first online insurance seller, raised 5. Zhongan online property and casualty insurance begins trading in hong kong this week, launching into public markets a hot emerging asset.
Zhongan online property and casualty insurance expects to list as early as. Zhong an is chinas first property insurance company that sells all its products online along with handling claims. Alibabas entry into chinese online insurance market. The layout of zhong ans automotive ecology is a further implementation of the omo onlinemergeoffline model. Alibabas insurance game plan started when it invested in zhong an insurance four years ago. In 2016, alibaba cofounded alihealth internet insurance. Contact your preferred agent, agency or developer for all your property needs, from making a new investment to selling your properties.
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