Zhibao Technology's Growth in Natural Gas Insurance for 2026

Zhibao Technology Inc., a NASDAQ-listed InsurTech company, has reported significant progress in its natural gas insurance segment for 2026. This marks a key component of their growth initiatives targeting individual consumers. The firm revealed total natural gas insurance premiums nearing RMB 100 million (USD 14.5 million), showcasing a tenfold increase from the previous year. This surge was facilitated by Zhibao’s Platform-as-a-Service (PaaS) and embedded digital insurance model, designed to streamline the purchase process for individual buyers.

Zhibao has successfully enhanced insurance accessibility by partnering with natural gas utilities. They offer comprehensive policies covering property damage, liability, and other risks associated with natural gas accidents, starting at CNY 100 (USD 14) annually. This approach aligns with insights from Swiss Re, which highlight underdevelopment in China’s residential insurance market, representing less than 0.7% of P&C premiums as of 2019—a stark contrast to more mature markets like the U.S. and Japan.

The shift towards quality-focused residential construction in China presents opportunities for expanded insurance coverage, as homeowners seek better protection for their assets. Zhibao is addressing evolving consumer preferences for digital solutions, particularly among Gen Z, who predominantly purchase insurance online. To meet this demand, Zhibao leverages its 2B2C model, offering seamless insurance purchasing experiences through utility companies, focusing on refining user interfaces and addressing residential safety concerns.

Zhibao’s Chief Operating Officer, Xiaowe Le, noted that strategic investments in sales channels in 2025 were vital to these positive outcomes, promising potential for continued growth. Additionally, the company continues to develop diverse digital insurance solutions across various sectors, supported by data analytics and AI technology, to stay aligned with market trends. Chief Executive Officer Botao Ma emphasized their commitment to delivering tailored insurance products for individuals and SMEs through robust B-Channel partnerships.