Zhibao Technology Inc.
(NASDAQ:ZBAO) stock is moving higher after the Chinese InsurTech company unveiled a major expansion of its embedded insurance platform.
Zhibao Expands Embedded Insurance Platform Zhibao said its wholly owned subsidiary, Sunshine Insurance Brokers, launched a beta deployment of its embedded digital insurance platform on Chengdu's Tianfu Citizen's Cloud, giving the company access to nearly 20 million registered users.
The June 30 launch follows a previously signed three-year cooperation agreement between the two parties.
Built on Zhibao's Platform-as-a-Service (PaaS) infrastructure, the platform will initially offer the company's Huiminbao inclusive medical insurance, with plans to expand into homeowner, property and casualty insurance products.
