Shanghai, China – Zhibao Technology Inc. (NASDAQ: ZBAO), a leading InsurTech company primarily providing digital insurance brokerage services in China, has established Zhibao Labuan Reinsurance Company Limited (“Zhibao Labuan”).
Zhibao Labuan received its license to operate general reinsurance business beyond mainland China from the Labuan Financial Services Authority (LFSA) on April 14, 2025. This strategic move is expected to open up an additional revenue stream for Zhibao through reinsurance premiums and potential underwriting profits.
Role of Zhibao Labuan in Zhibao’s Growth Strategy
Currently, Zhibao’s revenue is primarily derived from brokerage and Managing General Underwriter (MGU) fees earned from its insurance partners. The incorporation of Zhibao Labuan enables the Company to tap into reinsurance premiums and potential underwriting profits based on the performance of reinsured policies. For instance, if Zhibao earns a 20% commission on a policy sale and Zhibao Labuan accepts 20% reinsurance risk from the Chinese insurance carrier, the Company could potentially double its revenue from that policy, with further potential for underwriting profits and investment income from premiums.
Zhibao Labuan is expected to participate in a portion of the total insurance premium generated by Sunshine Insurance Brokers and Zhibao Health. While Zhibao will remain primarily an insurance brokerage company, Zhibao Labuan will serve as a minority risk taker for targeted business. This development adds depth to Zhibao’s offerings and enhances customer support.
Leadership and Expertise
Zhibao Labuan will be headed by Guangtong (Arthur) Ren as Principal Officer, who is also Zhibao’s Executive Director & Chief Actuary. Mr. Ren brings nearly 30 years of experience in insurance, corporate finance, strategic planning, and risk management. His background includes senior roles at AIG China and experience as a management consultant with the Boston Consulting Group.
About Zhibao Technology Inc.
Zhibao Technology Inc. is a high-growth InsurTech company providing digital insurance brokerage services in China through its operating entities. The Company has pioneered the 2B2C (“to-business-to-customer”) digital embedded insurance model in China and launched its proprietary digital insurance brokerage platform in 2020.
Forward-Looking Statements
This press release contains forward-looking statements regarding future expectations, plans, and prospects. These statements are subject to uncertainties and risks, including market conditions and other factors discussed in the Company’s registration statement and filings with the SEC.
For more information, please visit: ir.zhibao-tech.com.
Investor Relations Contact: Zhibao Technology Inc. Email: ir@zhibao-tech.com
Skyline Corporate Communications Group, LLC Scott Powell, President Office: (646) 893-5835 Email: info@skylineccg.com
