INNOVATIVE INSURANCE

Ping An Insurance is a Chinese company that has consistently grown and expanded its businesses over the past 30 years. Its notable growth rate of 29% in net income is attributed to the company’s investment in technology-driven businesses such as finance, securities, asset management, banking, fintech, insurtech, and healthtech. Each year, the group invests one percent of its revenue towards the research and development of fintech and healthtech.

The insurance company diversified into a range of ecosystems, including the largest digital wealth management platform in the world, a new generation health platform, and a blockchain settlement platform. The company’s culture of innovation at every level, along with its streamlined processes that minimize bureaucracy, contribute to its reputation for being innovative.