ZhongAn Online Property & Casualty Insurance’s losses widened in the third quarter to 400 million yuan. Photo: Reuters

China’s online insurers, led by ZhongAn, see losses mount despite surge in premiums

Online distribution costs to social networks such as WeChat and Ant Financial prove to be a drag

Topic |   Insurance

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ZhongAn Online Property & Casualty Insurance’s losses widened in the third quarter to 400 million yuan. Photo: Reuters
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