北部湾财产保险股份有限公司

What 北部湾财产保险股份有限公司 does

Beibu Gulf Property & Casualty Insurance Co., Ltd. (北部湾财产保险股份有限公司) is a regional property and casualty insurance company headquartered in Nanning, Guangxi, operating under Chinese NFRA regulation. The company is affiliated with GIG (Guangxi Investment Group), a state-owned enterprise, and holds the designation of the first local legal person insurance institution in the Guangxi Zhuang Autonomous Region. Its product portfolio centers on motor vehicle insurance (compulsory traffic accident liability plus commercial vehicle coverage) and non-motor insurance lines including agricultural insurance, commercial property and liability coverage, ride-hailing fleet insurance, gig worker accident insurance, and innovation products such as the recently launched patent application fee compensation insurance for technology SMEs. The company's service platform is built around standardized claims SLAs (30-second report acceptance, 5-minute surveyor contact, 30-minute on-site arrival, next-day payment for small claims), free 24-hour roadside rescue within 50km for qualifying policyholders, and aggressive documentation waivers for minor incidents.

The company distributes products through a hybrid physical-digital channel architecture comprising a 5-province branch network (Guangxi, Guangdong, Shenzhen, Guizhou, Sichuan) with 20 prefecture branches, 100+ county branches, and 10+ marketing service departments, alongside the proprietary Internet Insurance Mall (ebgic.com), the Enterprise Customer Online Service Platform (cosp.ebgic.com), a WeChat official account, and a consumer protection mini-program. Claims are settled across Guangxi under a unified cross-region process. Marketing is conducted through earned media in mainstream financial outlets, community-based 'Insurance Five Entries' outreach, and AI-generated micro-short drama content.

Revenue is generated primarily through insurance premium collection across motor and non-motor lines, with underwriting factors including vehicle type, driver history, and coverage scope. Pricing is regulated and disclosed through official channels; specific premium rates were not disclosed. The company's strategic emphasis is on regional government alignment, financial consumer protection, agricultural risk mitigation (demonstrated via typhoon response operations), and SME innovation risk coverage through new product development.

Name

北部湾财产保险股份有限公司

Legal name

Beibu Gulf Property & Casualty Insurance Co., Ltd.

Website

https://bgic.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Beibu Gulf Property & Casualty Insurance is a state-affiliated regional P&C insurer in Guangxi, China, offering motor, agricultural, commercial, and innovation insurance products to individuals, SMEs, and gig economy workers across five southern provinces via a 100+ branch network and digital platforms.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Auto & Fleet Insurance (FSAJAMAB)

akta.pro secondary industry

General Liability Insurance (FSAJAMAE)

Keywords

• Property and casualty insurance
• Motor vehicle insurance
• Commercial vehicle insurance
• Agricultural insurance
• Patent application insurance

Headquarters

HQ city

Nanning

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property & Casualty Insurance Premiums: The company operates as a property and casualty insurer generating revenue primarily through insurance premium collection. Product lines include motor vehicle insurance (车险) and non-motor vehicle insurance (非车险), covering vehicle damage, third-party liability, personal accident, and specialized lines such as patent application fee compensation insurance (专利申请费用补偿保险).

Distribution channels5 records

Marketing channels5 records

Core offering

Beibu Gulf Property & Casualty Insurance underwrites and sells property and casualty insurance products across motor vehicle insurance (vehicle damage, third-party liability), compulsory traffic accident liability insurance, commercial vehicle insurance, agricultural insurance (including sugarcane crop insurance), and specialized innovation products such as Patent Application Fee Compensation Insurance for technology SMEs. Distribution combines a proprietary Internet Insurance Mall, an enterprise online service platform, an extensive physical branch network across Guangxi and four neighbouring provinces, and WeChat-based digital service channels.

Product overview

Beibu Gulf Property & Casualty Insurance Co., Ltd. offers a comprehensive portfolio of property and casualty insurance products and services. The core offerings include vehicle insurance (车险) and compulsory traffic accident liability insurance (交强险), complemented by commercial vehicle insurance (商业车险) and innovative products such as patent application fee compensation insurance (专利申请费用补偿保险). The company provides distribution through multiple channels including an Internet Insurance Mall (互联网保险商城), an Enterprise Customer Online Service Platform, and an extensive physical service network spanning Guangxi, Guangdong, Shenzhen, Guizhou, and Sichuan provinces. The company operates with 5 provincial branches, 20 city-level branches, over 100 county/district branches, and 10+ marketing service centers, providing vehicle insurance claims with rapid response times and extensive geographical coverage.

Differentiator

Problem solved

Functional benefit

Products and services

• Vehicle Insurance (车险) Commercial vehicle insurance covering vehicle damage, theft, glass breakage, third-party liability and related risks for private and commercial vehicles. Features rapid claims service with 30-second report acceptance, 5-minute surveyor contact, and 30-minute on-site arrival in city/county locations; next-day payment for vehicle damage claims under 20,000 yuan and personal injury claims under 5,000 yuan once materials are complete.
• Compulsory Traffic Accident Liability Insurance (交强险) Statutorily required mandatory motor liability insurance covering third-party bodily injury and property damage liability arising from traffic accidents. Required by Chinese law for all registered motor vehicles.
• Commercial Vehicle Insurance (商业车险) Comprehensive commercial vehicle coverage supplementing the compulsory policy, including vehicle damage, theft, glass breakage and third-party liability for commercial vehicle fleets such as ride-hailing, logistics and delivery operators.
• Patent Application Fee Compensation Insurance (专利申请费用补偿保险) Innovation insurance product that reimburses official patent filing fees and agency/attorney fees when a patent application is rejected or deemed withdrawn. Targeted at high-tech small and medium enterprises in Guangxi's science and technology innovation pilot zone.
• Agricultural Insurance — Sugarcane Crop Insurance (甘蔗种植险) Crop insurance covering agricultural producers (e.g. sugarcane planters in Chongzuo, Guangxi) against yield and production losses from natural disasters such as typhoons. Claims were processed for sugarcane fields damaged by Typhoon 美莎克.
• Non-Vehicle Property and Casualty Insurance (非车险 — property, liability, accident) Property, liability and accident insurance lines covering enterprise commercial property, third-party liability, business interruption, personal accident and similar non-motor risks. Sold through the Internet Insurance Mall, enterprise platform and physical branches.
• Guangxi Road Rescue Service (广西道路救助) Free 24-hour non-accident roadside assistance within 50km for policyholders holding commercial vehicle damage insurance on 9-seat-or-fewer non-commercial passenger vehicles in city/county areas, including towing, battery charging, tire change, emergency water top-up and lifting rescue.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• National Financial Regulatory Administration (国家金融监督管理总局)coreOthersAs the primary insurance regulator, NFRA oversees and regulates 北部湾保险's operations. The company links to NFRA's official website and its Guangxi branch website, indicating regulatory oversight and compliance reporting relationship.
• Guangxi Financial Regulatory Bureau (国家金融监督管理总局广西监管局)coreOthersRegional regulatory arm of NFRA in Guangxi. The company maintains official links to the Guangxi branch website as part of its regulatory compliance and consumer protection framework.
• Guangxi壮族自治区人民政府 (Guangxi Zhuang Autonomous Region People's Government)coreOthersRegional government of Guangxi. The company links to gxzf.gov.cn (Guangxi Government Portal), and as the first local legal person insurance institution in Guangxi, the company serves as a key local financial institution supporting regional economic development.
• Guangxi壮族自治区地方金融监督管理局 (Guangxi Financial Supervision Administration)coreOthersLocal financial supervision authority. The company links to gzw.gxzf.gov.cn, indicating close regulatory and operational ties with the Guangxi financial supervision bureau.
• Guangxi壮族自治区保险行业协会 (Guangxi Insurance Industry Association)minorOthersRegional insurance industry self-regulatory body in Guangxi. The company links to gxbx.com.cn, the industry association website, indicating membership and participation in industry self-regulation activities.
• GIG国际金融资本中心 (GIG International Financial Capital Center)minorOthersThe headquarters of 北部湾保险 is located in the GIG International Financial Capital Center building in Nanning's Liangqing District, indicating the company occupies commercial office space in this financial center complex.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• ZhongAn Online P&C Insurance (众安在线): Digital-native P&C insurer with strong innovation in gig-economy, SME, and ecosystem insurance products. Comparable push into differentiated products (e.g., patent/IP-adjacent, gig-worker), but operates purely online without Beibu Gulf's physical branch density.

Broad incumbents

• PICC Property and Casualty Company (人保财险): China's largest P&C insurer, offering the same full suite of motor, commercial, agricultural, and liability coverages. Directly comparable business model (premium-based underwriting) and overlapping product portfolio, but operates nationally at vastly larger scale.
• China Pacific Property Insurance (太保产险): Major Chinese P&C insurer offering motor, commercial property, agricultural, and liability products with comparable underwriting model. Overlaps with Beibu Gulf in auto and agricultural lines; broader geographic and product reach.
• Ping An Property & Casualty Insurance (平安产险): Top-three Chinese P&C carrier with strong auto, commercial, and innovation lines, plus advanced digital distribution. Directly competes in commercial auto and enterprise liability, with comparable product breadth but national/international scale.

Regional players

• Anbang Property & Casualty Insurance (or local SOE regional P&C peer): Regional or locally-backed Chinese P&C carriers with comparable provincial government affiliation, multi-line product mix, and footprint concentrated in one or a few provinces — analogous structural positioning to Beibu Gulf as a SOE-affiliated regional insurer.

Direct peers

• China Continent Property & Casualty Insurance (中华联合财险): Mid-sized Chinese P&C insurer with comparable regional/provincial branch structure and emphasis on motor and agricultural insurance. Closely aligned underwriting portfolio and customer mix to Beibu Gulf, operating at similar regional scale.
• Dadi Property and Casualty Insurance (大地保险): Subsidiary of China Re with nationwide P&C coverage focused on motor and commercial lines. Similar mid-tier positioning, branch-based distribution, and product mix; competes head-to-head in auto and small-commercial segments.
• Sunshine Property and Casualty Insurance (阳光财险): National P&C carrier with comparable auto insurance emphasis and multi-province branch structure. Direct peer in commercial auto and small-commercial lines; serves similar SME and individual customer segments.
• Huatai Property & Casualty Insurance (华泰财险): Mid-sized P&C insurer with digital-first distribution alongside traditional branches. Comparable hybrid online/offline model and product portfolio, including auto and commercial lines; similar scale tier to Beibu Gulf.

Others

• Guangxi Financial Investment Group affiliated insurance entities: Parent/sibling entities under GIG (Guangxi Investment Group), the state-owned parent that controls Beibu Gulf. Directly comparable SOE-affiliated financial services ecosystem in Guangxi, providing governance, capital, and distribution parallels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%E5%8C%97%E9%83%A8%E6%B9%BE%E8%B4%A2%E4%BA%A7%E4%BF%9D%E9%99%A9%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 北部湾财产保险股份有限公司