Zhibao Technology's Subsidiary, Sunshine Insurance Brokers, Expands into Low-Altitude Economy Insurance Market Through Strategic Cooperation with F+More
Zhibao Technology (NASDAQ: ZBAO) announced that its subsidiary, Sunshine Insurance Brokers, has launched a strategic partnership with F+More to enter China's low-altitude economy insurance market. The partnership, operational since April 2025, combines Sunshine's digital insurance brokerage and PaaS infrastructure with F+More's insurance solutions for the drone sector.
The collaboration aims to capitalize on China's low-altitude economy market, which exceeded RMB 500 billion in 2023 and is projected to reach RMB 3.5 trillion by 2035. The Swiss Re Institute forecasts the specific low-altitude insurance market could reach RMB 8-10 billion by 2035. The partnership will provide nationwide coverage through joint distribution networks, offering customized drone insurance products with real-time flight data integration and automated claims processing.
Zhibao Technology (NASDAQ: ZBAO) ha annunciato che la sua controllata, Sunshine Insurance Brokers, ha avviato una partnership strategica con F+More per entrare nel mercato assicurativo cinese legato all'economia a bassa quota. La collaborazione, operativa da aprile 2025, unisce la piattaforma digitale di brokeraggio assicurativo e l'infrastruttura PaaS di Sunshine con le soluzioni assicurative di F+More dedicate al settore dei droni.
L'obiettivo della collaborazione è sfruttare il mercato cinese dell'economia a bassa quota, che ha superato i 500 miliardi di RMB nel 2023 e si prevede raggiungerà i 3,5 trilioni di RMB entro il 2035. Secondo l'Istituto Swiss Re, il mercato assicurativo specifico per l'economia a bassa quota potrebbe arrivare a 8-10 miliardi di RMB entro il 2035. La partnership offrirà copertura a livello nazionale tramite reti di distribuzione congiunte, proponendo prodotti assicurativi personalizzati per droni con integrazione di dati di volo in tempo reale e gestione automatizzata dei sinistri.
Zhibao Technology (NASDAQ: ZBAO) anunció que su subsidiaria, Sunshine Insurance Brokers, ha iniciado una alianza estratégica con F+More para ingresar al mercado de seguros de la economía de baja altitud en China. La asociación, operativa desde abril de 2025, combina la correduría de seguros digital e infraestructura PaaS de Sunshine con las soluciones de seguros de F+More para el sector de drones.
La colaboración busca aprovechar el mercado chino de la economía de baja altitud, que superó los 500 mil millones de RMB en 2023 y se proyecta que alcance los 3.5 billones de RMB para 2035. El Instituto Swiss Re prevé que el mercado específico de seguros de baja altitud podría alcanzar los 8-10 mil millones de RMB para 2035. La alianza brindará cobertura a nivel nacional a través de redes de distribución conjuntas, ofreciendo productos de seguros personalizados para drones con integración de datos de vuelo en tiempo real y procesamiento automatizado de reclamaciones.
Zhibao Technology (NASDAQ: ZBAO)는 자회사인 Sunshine Insurance Brokers가 F+More와 전략적 파트너십을 체결하여 중국 저고도 경제 보험 시장에 진출했다고 발표했습니다. 이 파트너십은 2025년 4월부터 운영되며, Sunshine의 디지털 보험 중개 및 PaaS 인프라와 F+More의 드론 분야 보험 솔루션을 결합합니다.
이번 협력은 2023년에 5,000억 RMB를 초과한 중국 저고도 경제 시장을 공략하는 것을 목표로 하며, 2035년까지 3.5조 RMB에 이를 것으로 예상됩니다. Swiss Re 연구소는 저고도 보험 시장이 2035년까지 80억~100억 RMB에 달할 것으로 전망합니다. 이 파트너십은 전국적인 공동 유통망을 통해 맞춤형 드론 보험 상품을 실시간 비행 데이터 통합 및 자동 청구 처리와 함께 제공할 예정입니다.
Zhibao Technology (NASDAQ : ZBAO) a annoncé que sa filiale, Sunshine Insurance Brokers, a lancé un partenariat stratégique avec F+More pour pénétrer le marché chinois de l'assurance liée à l'économie à basse altitude. Ce partenariat, opérationnel depuis avril 2025, combine la plateforme numérique de courtage d'assurance et l'infrastructure PaaS de Sunshine avec les solutions d'assurance de F+More pour le secteur des drones.
Cette collaboration vise à exploiter le marché chinois de l'économie à basse altitude, qui a dépassé 500 milliards de RMB en 2023 et devrait atteindre 3,5 trillions de RMB d'ici 2035. L'Institut Swiss Re prévoit que le marché spécifique de l'assurance à basse altitude pourrait atteindre 8 à 10 milliards de RMB d'ici 2035. Le partenariat offrira une couverture nationale via des réseaux de distribution conjoints, proposant des produits d'assurance personnalisés pour drones avec intégration des données de vol en temps réel et traitement automatisé des sinistres.
Zhibao Technology (NASDAQ: ZBAO) gab bekannt, dass seine Tochtergesellschaft Sunshine Insurance Brokers eine strategische Partnerschaft mit F+More eingegangen ist, um in den chinesischen Versicherungsmarkt für die Niedrigflughöhenwirtschaft einzutreten. Die Partnerschaft, die seit April 2025 aktiv ist, kombiniert Sunshines digitale Versicherungsvermittlung und PaaS-Infrastruktur mit F+Mores Versicherungslösungen für den Drohnensektor.
Die Zusammenarbeit zielt darauf ab, den chinesischen Markt für die Niedrigflughöhenwirtschaft zu nutzen, der im Jahr 2023 500 Milliarden RMB überstieg und voraussichtlich bis 2035 3,5 Billionen RMB erreichen wird. Das Swiss Re Institut prognostiziert, dass der spezifische Niedrigflughöhen-Versicherungsmarkt bis 2035 8-10 Milliarden RMB erreichen könnte. Die Partnerschaft wird durch gemeinsame Vertriebsnetzwerke landesweite Abdeckung bieten und maßgeschneiderte Drohnenversicherungen mit Echtzeit-Flugdatenintegration sowie automatisierter Schadenbearbeitung bereitstellen.
- Entry into fast-growing low-altitude insurance market with projected value of RMB 3.5 trillion by 2035
- Nationwide distribution network coverage potential through joint partnership
- Integration of real-time flight data with dynamic risk assessment for automated claims processing
- Strategic positioning in emerging market with Swiss Re Institute projecting RMB 8-10 billion insurance market by 2035
- Early-stage market with unproven revenue potential
- Services only beginning to be delivered, indicating early implementation phase
- Competitive market with potential entrance of other insurance providers
Insights
Zhibao's strategic entry into China's high-growth low-altitude insurance market creates significant long-term revenue diversification opportunities.
Zhibao Technology's strategic partnership with F+More represents a calculated move into China's nascent but rapidly expanding low-altitude insurance market. The timing is particularly strategic as this market segment remains largely underdeveloped despite the
The partnership leverages complementary strengths effectively: Sunshine Insurance brings its digital brokerage infrastructure and nationwide distribution network, while F+More contributes specialized domain expertise in drone technology solutions. This combination addresses the complex risk assessment challenges unique to aerial vehicles operating in low-altitude airspace. The integration of real-time flight data with dynamic risk assessment creates technical barriers to entry that could establish early competitive advantages.
What's particularly noteworthy is the operational progress already made. Rather than a mere announcement of intent, the partnership has moved from agreement (February 2025) to implementation (April 2025) with actual service delivery underway. This rapid execution suggests well-developed integration planning. The ambitious goal to expand coverage across all Chinese provinces indicates management's confidence in scalability.
While promising, investors should recognize this remains an emerging market with regulatory uncertainties. The Swiss Re Institute's projection of
Strategic partnership positions Company to capitalize on China's fast-growing low-altitude insurance market opportunity projected at RMB 3.5 trillion by 2035
Shanghai, China--(Newsfile Corp. - May 27, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," "we," or the "Company"), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced that its wholly owned subsidiary, Sunshine Insurance Brokers ("Sunshine"), has officially launched a strategic partnership with Sichuan Fanmo Technology Co., Ltd. ("F+More"), an innovative Chengdu-based insurance solution provider for China's rapidly expanding low-altitude economy. This partnership marks Zhibao's official entry into China's fast-expanding drone and low-altitude economy insurance market. We believe the strategic partnership positions Company to capitalize on China's fast-growing low-altitude insurance market opportunity in the next decade.
Value Creation and Synergies in China's Drone Insurance Market
Following the signing of the cooperation agreement in February 2025, the strategic partnership became operational in April 2025; Sunshine has commenced delivering digital insurance brokerage services to F+More's initial client base. These services are [beginning to be delivered] across China through the joint distribution networks of both companies, with an goal to cover all provinces and regions in China. This broad geographic reach positions Sunshine to capture market share in the emerging low-altitude insurance segment-a relatively untapped market opportunity with substantial growth potential.
Through this strategic collaboration, Sunshine Insurance contributes its core competencies in digital insurance brokerage, proprietary Platform-as-a-Service (PaaS) technology infrastructure, and robust nationwide sales network. The integration of real-time flight data with dynamic risk assessment and alert mechanisms enables rapid online policy customization and distribution, as well as automated, event-driven claims processing. Through joint development and distribution of customized drone insurance products with F+More, we believe Sunshine is positioned to establish competitive advantages and drive innovation in the low-altitude insurance landscape across China and potentially in international markets.
We believe this technological integration creates differentiated service capabilities that management believes will enable the partnership to capture meaningful market share as the drone insurance sector scales.
Substantial Low-Altitude Economy Market Opportunities
The low-altitude economy, which includes commercial drones, urban air mobility, and drone logistics, is emerging as a strategic growth frontier with significant long-term potential. According to the Civil Aviation Administration of China (CAAC), China's low-altitude airspace economy exceeded RMB 500 billion in 2023 and is projected to reach RMB 3.5 trillion by 2035. Within this expanding ecosystem, the Swiss Re Institute projects the low-altitude insurance market could reach RMB 8-10 billion by 2035, highlighting the substantial growth potential for specialized insurance providers with appropriate capabilities and market positioning.
Recent industry developments have accelerated commercialization momentum in the global low-altitude economy. The successful completion of the world's first public road test flight of a flying car by California-based Alef Aeronautics in February 2025 signals a critical inflection point, with the sector transitioning from conceptual development to commercial deployment. China maintains strategic advantages in drones, low-altitude logistics, and flight control systems, with leading companies such as XPeng HT Aero and EHang positioned to benefit from accelerating commercialization trends.
We believe these market developments create a favorable environment for insurance providers with specialized capabilities and appropriate market positioning to pursue revenue opportunities as such insurance sector matures.
"We believe this partnership reflects our strategic vision to identify and capitalize on high-growth sectors such as the low-altitude economy," said Botao Ma, CEO of Zhibao Technology Inc. "F-More's deep expertise and extensive customer base, combined with Sunshine's digital insurance platform and strong marketing capabilities, create a powerful working synergy. We're confident this collaboration will accelerate access to tailored drone insurance solutions across China and set a new standard for innovation in the sector."
About Zhibao Technology Inc.
Zhibao Technology Inc. (NASDAQ: ZBAO) is a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities ("Zhibao China Group") in China. 2B2C ("to-business-to-customer") digital embedded insurance is the Company's innovative business model, which Zhibao China Group pioneered in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, which is powered by their proprietary PaaS ("Platform as a Service").
Zhibao has developed over 40 proprietary and innovative digital insurance solutions addressing different scenarios in a wide range of industries, including but not limited to travel, sports, logistics, utilities, and e-commerce. Zhibao acquires and analyzes customer data, utilize big data and AI technology to continually iterate and enhance its digital insurance solutions. This iterative process, in addition to continually improving its digital insurance solutions, will keep it abreast of the new trends and customer preferences in the market. For more information, please visit: ir.zhibao-tech.com.
About F+More
Sichuan Fanmo Technology Co., Ltd (F+More), founded in 2015, F+More is steadily advancing with a development strategy of "specialization, standardization, and globalization," committed to leveraging its years of accumulated massive data and algorithmic advantages to deeply address industry pain points, aiming to become a service-leading, objective, fair, and data- & algorithm-driven professional third-party service provider.
F+More has provided coverage for over twenty risk scenarios, including inspection, security, surveying and mapping, and has established after-sales cooperation with over 500 drone manufacturers.
Its three major products include F+More Feibao, F+More Excellent+, and F+More Cloud E. Among them, F+More Feibao is a drone insurance product that has been continuously operated for over a decade. F+More Excellent+ offers one-stop after-sales solutions for drone insurance to insurance institutions, while F+More Cloud E provides insurance institutions with a precise pricing engine for drone insurance. For more information, please visit: www.fmore.net.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "is/are likely to," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Investor Relations Contact
Zhibao Technology Inc.
Investor Relations Office
Email: ir@zhibao-tech.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253489
FAQ
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