This is an insurer which went from "not in existence" to one third the size of Allianz in 49 months!
I think international insurers should be taking significant notice of this player as they begin their forray into international markets.
SoftBank's Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company into international markets. ZhongAn International was created last December to scout out overseas opportunities. SoftBank’s Vision Fund is easily the largest tech investment firm in the world. SoftBank plans to use ZhongAn’s technology and its network to expand to “multiple markets” in Asia, although it isn’t specific about which countries or a timeframe for the potential launches. ZhongAn Online CEO Jeffrey Chen said in a statement that the partnership will allow the company to explore new and innovative ways to serve more customers outside of China. Last year, SoftBank bought a stake of just under 5% in ZhongAn as a cornerstone investor in the latter's IPO.