Zhibao Technology Wins Tender To Provide High-End Medical Third Party Administration Services To People's Insurance Company Of China
Portfolio Pulse from Benzinga Newsdesk
Zhibao Technology Inc. (NASDAQ:ZBAO) has won a tender to provide high-end medical third party administration services to the People's Insurance Company of China Limited (PICC Group). This contract, valued at CNY 28 million over three years, designates Zhibao as one of four exclusive vendors for PICC Group subsidiaries. The deal enhances Zhibao's access to PICC's extensive network, benefiting its Managing General Underwriting business and strengthening its digital insurance brokerage operations.
August 30, 2024 | 8:07 pm
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Zhibao Technology has secured a significant contract with PICC Group to provide high-end medical TPA services, valued at CNY 28 million over three years. This positions Zhibao as a key vendor for PICC subsidiaries, enhancing its business operations and market reach.
Winning the tender with PICC Group, a major insurance entity, provides Zhibao with a substantial business opportunity and access to a large network, likely boosting its revenue and market position. This is a positive development for Zhibao's stock in the short term.
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