Zhibao Technology Co-Hosts the First Longevity Risk Conference in Shanghai
Zhibao Technology Inc. (NASDAQ: ZBAO) successfully co-hosted the first Longevity Risk Conference in Shanghai on December 8th, 2024, in collaboration with the Shanghai Insurance Exchange and the University of International Business and Economics. The conference addressed longevity risk issues and solutions for China's retirement and pension system.
The event featured notable participants including former government officials and representatives from major insurance companies. During the conference, the co-hosts launched the Longevity Risk Lab (LRL) in Shanghai, which will focus on research and development of longevity risk solutions.
According to Bain & Company, China's total pension market is projected to reach RMB 48 trillion by 2030, with RMB 10 trillion coming from private pension and pension insurance markets, presenting significant growth opportunities for Zhibao's digital embedded insurance platform.
Zhibao Technology Inc. (NASDAQ: ZBAO) ha co-organizzato con successo la prima Conferenza sul Rischio di Longevità a Shanghai l'8 dicembre 2024, in collaborazione con lo Shanghai Insurance Exchange e l'Università di Economia e Commercio Internazionale. La conferenza ha trattato le questioni e le soluzioni relative al rischio di longevità per il sistema pensionistico e di previdenza sociale in Cina.
All'evento hanno partecipato personalità di rilievo, tra cui ex funzionari del governo e rappresentanti di grandi compagnie di assicurazione. Durante la conferenza, i co-organizzatori hanno lanciato il Laboratorio sul Rischio di Longevità (LRL) a Shanghai, che si concentrerà sulla ricerca e sviluppo di soluzioni per il rischio di longevità.
Secondo Bain & Company, si prevede che il mercato totale delle pensioni in Cina raggiunga i 48 trilioni di RMB entro il 2030, con 10 trilioni di RMB provenienti dai mercati delle pensioni private e delle assicurazioni pensionistiche, offrendo significative opportunità di crescita per la piattaforma di assicurazione digitale incorporata di Zhibao.
Zhibao Technology Inc. (NASDAQ: ZBAO) coorganizó con éxito la primera Conferencia sobre Riesgo de Longevidad en Shanghái el 8 de diciembre de 2024, en colaboración con la Bolsa de Seguros de Shanghái y la Universidad de Negocios Internacionales y Economía. La conferencia abordó los problemas y soluciones relacionados con el riesgo de longevidad en el sistema de jubilación y pensiones de China.
El evento contó con la participación de notables asistentes, incluidos ex funcionarios del gobierno y representantes de importantes compañías de seguros. Durante la conferencia, los coanfitriones lanzaron el Laboratorio de Riesgo de Longevidad (LRL) en Shanghái, que se centrará en la investigación y desarrollo de soluciones para el riesgo de longevidad.
Según Bain & Company, se proyecta que el mercado total de pensiones de China alcance los 48 billones de RMB para 2030, con 10 billones de RMB provenientes de mercados de pensiones privadas y de seguros de pensiones, lo que presenta importantes oportunidades de crecimiento para la plataforma de seguros digitales integrados de Zhibao.
지바오 테크놀로지 주식회사 (NASDAQ: ZBAO)는 2024년 12월 8일 상하이에서 상하이 보험 거래소 및 국제 비즈니스 경제 대학교와 협력하여 첫 번째 장수 리스크 회의를 성공적으로 공동 주최했습니다. 이번 회의는 중국의 은퇴 및 연금 시스템에 대한 장수 리스크 문제와 해결책을 다루었습니다.
행사에는 전 정부 관계자 및 주요 보험사 대표들과 같은 주목할 만한 참가자들이 참석했습니다. 회의 중 공동 주최측은 상하이에 장수 리스크 연구소 (LRL)를 설립하며 장수 리스크 솔루션의 연구 및 개발에 집중할 것입니다.
베인앤컴퍼니에 따르면, 중국의 전체 연금 시장은 2030년까지 48조 RMB에 이를 것으로 예상되며, 이 중 10조 RMB는 개인 연금 및 연금 보험 시장에서 나올 것으로 보이며, 이는 지바오의 디지털 임베디드 보험 플랫폼에 상당한 성장 기회를 제공합니다.
Zhibao Technology Inc. (NASDAQ: ZBAO) a co-organisé avec succès la première Conférence sur le Risque de Longévité à Shanghai le 8 décembre 2024, en collaboration avec la Bourse de l'Assurance de Shanghai et l'Université de Commerce et d'Économie Internationale. La conférence a abordé des questions et des solutions relatives aux risques de longévité pour le système de retraite et de pension en Chine.
L'événement a rassemblé des participants notables, y compris d'anciens fonctionnaires gouvernementaux et des représentants de grandes compagnies d'assurance. Au cours de la conférence, les co-organisateurs ont lancé le Laboratoire sur le Risque de Longévité (LRL) à Shanghai, qui se concentrera sur la recherche et le développement de solutions au risque de longévité.
Selon Bain & Company, le marché total des pensions en Chine devrait atteindre 48 trillions de RMB d'ici 2030, dont 10 trillions de RMB provenant des marchés de la pension privée et de l'assurance pension, offrant ainsi d'importantes opportunités de croissance pour la plateforme d'assurance numérique intégrée de Zhibao.
Zhibao Technology Inc. (NASDAQ: ZBAO) hat am 8. Dezember 2024 mit dem Shanghai Insurance Exchange und der Universität für Internationale Wirtschaft und Wirtschaft erfolgreich die erste Konferenz zum Thema Langlebigkeitsrisiko in Shanghai co- ausgerichtet. Die Konferenz thematisierte die Langlebigkeitsrisiken und Lösungen für Chinas Renten- und Pensionssystem.
Zu den bemerkenswertenTeilnehmern der Veranstaltung gehörten ehemalige Regierungsbeamte und Vertreter großer Versicherungsunternehmen. Während der Konferenz haben die Co- Gastgeber das Langlebigkeitsrisikolabor (LRL) in Shanghai ins Leben gerufen, das sich auf Forschung und Entwicklung von Lösungen für Langlebigkeitsrisiken konzentrieren wird.
Laut Bain & Company wird erwartet, dass der Gesamtmarkt für Renten in China bis 2030 48 Billionen RMB erreichen wird, wobei 10 Billionen RMB aus privaten Renten- und Pensionsversicherungsum Märkten stammen, was bedeutende Wachstumschancen für Zhibaos digitale Embedded-Versicherungsplattform bietet.
- China's pension market projected to reach RMB 48 trillion by 2030, with RMB 10 trillion from private pension sector
- Strategic partnership establishment through Longevity Risk Lab with key industry institutions
- Positioning in high-growth private pension insurance market
- None.
Insights
The launch of China's first Longevity Risk Conference and Lab, while seemingly prestigious, represents more of a strategic positioning move than an immediate business catalyst for Zhibao Technology. While the
The establishment of the Longevity Risk Lab could provide Zhibao with valuable industry connections and research insights to enhance their pension insurance offerings. However, the actual business impact will depend on how effectively they can translate these relationships and knowledge into marketable products and revenue growth through their 2B2C platform.
The presence of major industry players like Munich Re, Swiss Re and RGA adds credibility to the initiative but doesn't guarantee immediate business benefits. Investors should view this as a long-term strategic development rather than a near-term value driver.
Shanghai, China--(Newsfile Corp. - December 10, 2024) - 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 the successful co-hosting of the first Longevity Risk Conference ("Conference") in Shanghai on December 8th, 2024. The Company worked closely with the Shanghai Insurance Exchange ("SHIE") and the University of International Business and Economics in China to co-host the Conference.
The Conference focused on the cause and effects of longevity risk, as well as transfer and mitigation measures concerning China's retirement and pension system. According to Bain & Company, by 2030, China's total pension market is expected to grow to approximately RMB 48 trillion, including approximately RMB 10 trillion contributed by the private pension and pension insurance market.
Notable participants in the Conference included Mr. Xiaoyi Hu, President of the Chinese Society of Social Insurance and former Vice Minister of the Ministry of Human Resources and Social Security, as well as Mr. Yanli Zhou, former Vice Chairman of the China Insurance Regulatory Commission. Representatives from the insurance industry also included Munich Re, Hannover Re, Taiping Re and representatives of leading pension, life, health and property & casualty insurers.
Following an opening message from Dr. David Blake, Director of the UK's Pensions Institute and Professor at the Bayes Business School of the City University of London, speakers from China Re, Swiss Re, Reinsurance Group of America (RGA) and Hengan Pension Insurance of China presented on topics ranging from international approaches to longevity risk to investment approaches to support the development of the market.
Prior to the conclusion of the Conference, the co-hosts formally announced the launch of the Longevity Risk Lab ("LRL") based in Shanghai. The LRL will be jointly managed by Zhibao, the Shanghai International Reinsurance Registration and Trading Center, a division of the SHIE, and the Insurance School of the University of International Business and Economics, aiming to dedicate itself to the research, evaluation and development of solutions for longevity risks, and provide scientific and systematic longevity risk management tools and methods for the insurance industry.
Zhibao's Director of Life & Annuity Business Zhe Liu at the Longevity Research Lab's official unveiling event during the conference. Ms. Liu will also serve as the Secretary General of the LRL.
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"I am honored and humbled to be amongst experts and industry leaders representing the top of the private pension market," said Mr. Botao Ma, the Chief Executive Officer of Zhibao. "The private pension and pension insurance market is experiencing rapid growth and is projected to exceed
"However, the methodical and comprehensive evaluation of risks is critically important to ensure that the pension insurance market grows in a sustainable manner beneficial to all parties," continued Mr. Ma. "To this end, Zhibao and our partners at the LRL look forward to contributing to the best of our abilities."
"By organizing and participating in industry events and conferences such as today's Conference, we reiterate our commitment to being in the forefront of innovation in the industry and providing some of the best and most innovative insurance solutions to our B channels and end users. I look forward to many future events in both this and other fields within the insurance market."
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.
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
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Scott Powell, President
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FAQ
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