Yuanbao Insurance Research Institute

What Yuanbao Insurance Research Institute does

Yuanbao Insurance Research Institute, operating under the legal name Yuanbao Insurance Brokerage (Beijing) Co., Ltd. (元保保险经纪（北京）有限公司), is a Chinese online insurance distribution platform founded in 2019/2020 and headquartered in Beijing's Chaoyang District. The company connects Chinese individual consumers and families with insurance products across health, critical illness, accident, property, and pet insurance lines through a proprietary online portal at yuanbaobaoxian.cn. It holds both national insurance brokerage and insurance agency licenses, allowing it to distribute on behalf of multiple partnered domestic carriers and serve customers across China.

The company's core technology is a proprietary AI-driven model matrix comprising over 5,000 models capable of analyzing more than 5,800 data labels for personalized insurance matching and risk assessment. This AI layer sits atop a direct-to-consumer platform that combines policy consultation, online purchase, and claims assistance in a single workflow. Yuanbao also operates a second revenue stream, System Services, providing subscription-style platform infrastructure to insurance carriers in addition to commission-based distribution.

Yuanbao was listed on NASDAQ in April 2025 under ticker YB following a $156 million Series C round led by Source Code Capital in May 2021 (with Cathay Capital, Hike Capital, Northern Light Venture Capital, and Susquehanna International Group participating). The company reported Q1 2026 revenue of RMB 1.32 billion (up 35.6% year-over-year) and net income of RMB 388 million (29.5% net margin), ranking in the first tier of China's internet insurance industry by business scale and serving tens of millions of families by the end of 2024.

Name

Yuanbao Insurance Research Institute

Legal name

元保保险经纪（北京）有限公司

Website

https://yuanbaobaoxian.cn

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

251–500 employees

Short description

Yuanbao is a Beijing-based, NASDAQ-listed online insurance distribution platform serving tens of millions of Chinese families. It uses a proprietary AI model matrix with 5,000+ models to match consumers with health, accident, property, and pet insurance products under dual brokerage and agency licenses.

Ownership category

akta.pro rank

Headquarters

HQ city

Changyang

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Distribution Commission: Revenue generated through commissions from insurance product distribution, connecting customers with insurance products through their AI-powered platform
2. System Services: Additional revenue stream from system services alongside insurance distribution

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Yuanbao operates a licensed online insurance brokerage and agency platform that distributes health, critical illness, accident, property, and pet insurance products from multiple partner insurers to Chinese individual consumers and families. The platform is powered by a proprietary AI-driven model matrix with over 5,000 models analyzing 5,800+ labels to deliver personalized insurance matching, consultation, purchasing, and claims assistance.

Product overview

Yuanbao (元保) operates as a unified online insurance technology platform rather than a modular product architecture. The company offers a comprehensive suite of insurance products including medical insurance (医疗险), critical illness insurance (重疾险), accident insurance (意外险), property insurance (财产险), and pet insurance (宠物险). All products are delivered through an AI-powered platform that provides personalized insurance matching, policy consultation, seamless purchasing, and claims assistance. The core technology layer features a proprietary AI-driven model matrix with over 5,000 models analyzing 5,800+ data labels to power intelligent product recommendations and risk evaluation.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Insurance Distribution Platform

Quantifiable outcome

• Q1 2026 revenue of RMB 1.32 billion, up 35.6% year-over-year
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Chinese Insurance Companies (Partner Insurers)coreStrategic or Co-development PartnerYuanbao collaborates with well-known domestic insurance companies to provide quality insurance products and services. The company has national insurance brokerage and agency licenses enabling partnerships with multiple insurers.
• Tsinghua School of Economics and ManagementcoreStrategic or Co-development PartnerYuanbao serves as a director unit of the Tsinghua Wudaokou China Insurance and Pension Finance Research Center, collaborating on research and industry development.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Policybazaar: India's largest online insurance aggregator (PB Fintech, listed NSE); highly comparable insurtech business model in a different geography, useful for benchmarking unit economics and conversion.
• SelectQuote Inc. NYSE-listed (SLQT) US direct-to-consumer insurance distribution platform; comparable online life and health insurance distribution model, though operating in the US market with different carrier relationships.
• Lemonade Inc. NYSE-listed (LMND) US AI-driven digital insurance carrier using behavioral data and chatbots; analogous application of AI/ML to insurance distribution and underwriting, though as a carrier rather than a distributor.
• GoCompare Group: UK-based online insurance comparison and distribution platform; analogous aggregator business model serving consumers in a developed insurance market, useful for benchmarking online insurance economics.

Broad incumbents

• Ping An Insurance Group: One of China's largest insurance conglomerates with extensive digital distribution (Ping An One Connect, Lufax heritage); broader portfolio but overlapping online life/health distribution to Chinese consumers.
• Ant Group: Parent of Alipay and Ant Fortune, distributing insurance products in China at massive scale; major competitive threat given embedded user base and deep carrier relationships.

Direct peers

• Waterdrop Inc. NYSE-listed (WDH) Chinese online insurance and crowdfunding platform; directly comparable business model as an AI-enabled insurance distribution platform serving individual consumers in China.
• ZhongAn Online P&C Insurance: Hong Kong-listed (6060.HK) Chinese internet insurance company offering consumer and SME insurance online; the closest direct peer to Yuanbao given its online distribution model and Chinese market focus.
• Lufax Holding: NYSE-listed (LU) Chinese fintech platform with significant online insurance distribution alongside lending; comparable in technology-driven financial product distribution to Chinese consumers.

Emerging players

• LexinFintech Holdings: Nasdaq-listed (LX) Chinese consumer finance platform with growing insurance distribution; overlapping technology and customer base in serving Chinese consumers through digital channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yuanbao Insurance Research Institute