Momentum is good

The Chinese insurer valued at ~$8 billion thanks in part to its ~400 million customers, ZhongAn, is targeting an initial public offering within the next 12 to 18 months, either in the US or Hong Kong. Thing to know: the one that recently launched a new coverage that will compensate policyholders if they are hit by rain or high temperature when visiting the Shanghai Disneyland; à la parametric style. Bottom Line: considers Google, Amazon and Apple, competition, and so should you.