China's pet insurance sector is heating up, with ZhongAn Online emerging as a dominant player. According to the company's latest annual report, its total pet insurance premiums surged 129.5% year-on-year in 2024, securing its position as the market leader. Based on previous disclosures, ZhongAn recorded CNY500m ($68.7m) in pet insurance transactions in 2023, suggesting that total premiums exceeded CNY1bn last year.