PIAIF - Ping An's Insurtech Story: Early Bet On Technological Transformation Is Paying Off
Profile
Ping An Insurance (Group) Company of China (PNGAY) is an integrated retail financial services provider. The company operates through five segments: financial services (that comprise insurance, banking, asset management and Internet-enabled financial services), healthcare, auto services, real estate services and smart city services. It is the world’s second largest insurer by market capitalization and number seven on Forbes’ Global 2000 list of public companies.
Thesis
Ping An is a Chinese conglomerate that operates in the space where finance and technology converge, having worked on technological transformation for almost a decade now. While it is