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Ping An

Ping An notes COVID-19-induced challenges as profit falls by 43% in Q1

23rd April 2020

Ping An Insurance (Group) Company of China, Ltd. has reported that its net profit declined by almost 43% year-on-year in Q1 2020, while operating profit jumped by over 5% as the company adopted numerous measures to mitigate the impacts of the COVID-19 outbreak. Net profit attributable to shareholders of the parent ... Read the full article

Ping An screening system identifies 1,600 coronavirus cases

25th March 2020

Ping An Insurance (Group) Company of China, Ltd. has announced that its smart audio screening system has successfully identified more than 1,600 suspected cases of coronavirus (COVID-19) to date. Launched in February, the system uses artificial intelligence to help doctors more efficiently and accurately diagnose cases of the virus and ... Read the full article

Ping An image-reading system to help diagnose coronavirus

28th February 2020

Ping An Insurance (Group) Company of China, Ltd. has launched a smart image-reading system to help doctors more efficiently and accurately diagnose cases of coronavirus (COVID-19). Developed by Ping An Smart Healthcare, part of subsidiary Ping An Smart City, the system aims to leverage artificial intelligence (AI) to help control the ... Read the full article

Ping An grows profits by 36%, helped by tech investments

21st February 2020

Ping An Insurance (Group) of Company of China, Ltd. has reported 36.5% growth in net profits in 2019, helped by its  technology and data focused transformation strategy. Net profit totalled RMB 164,365 million (US $23.4 billion) for the year, while operating profit similarly rose 18.1% to RMB 132,955 million ($18.9 billion). The ... Read the full article

Ping An pushes for poverty alleviation using insurance at Davos

24th January 2020

Ping An Insurance, China’s largest insurer by market value, has used its platform at the World Economic Forum Annual Meeting 2020 in Davos to advocate for the alleviation of poverty using insurance. The theme of this year’s Davos Forum is ‘Stakeholders for a Cohesive and Sustainable World,’ with poverty alleviation as ... Read the full article

China’s Ping An joins Climate Action 100+ initiative

6th January 2020

Ping An Insurance (Group) Company of China, Ltd. has become the first Chinese asset owner to join Climate Action 100+, an investor initiative that aims to engage the largest corporate greenhouse gas emitters and help them take action on climate change. Currently, more than 420 investors across the world with more ... Read the full article

Strong P&C result helps to lift Ping An profits in Q3

24th October 2019

Ping An Insurance (Group) of Company of China, Ltd. has continued to see strong growth in the third quarter of 2019, with net profit up 63.2% to RMB 129,567 million (USD 18.3 billion). The result was helped by the strong performance of Ping An’s property and casualty (P&C) segment, which achieved ... Read the full article

China’s Ping An to develop nationwide ‘innovation platform’, reports

30th August 2019

Ping An Insurance, China’s largest insurer by market value, has been selected by the country’s Ministry of Science and Technology to build a nationwide innovation platform to help bolster the development of Artificial Intelligence, according to reports from China Daily. The National Open Innovation Platform for Next Generation Artificial Intelligence will ... Read the full article

Ping An reports significant jump in net profit in 2019

16th August 2019

Ping An Insurance (Group) Company of China, Ltd. has reported 63.3% growth in net profit for the first-half of the year to RMB105,738 million (USD 15 billion), which included a RMB10,453 million (USD 1.5 billion) one-off gain from a tax law change on commission expense. The firm notes steady overall growth ... Read the full article

Ping An growth helps China overtake as most valuable insurance market: Brand Finance

17th May 2019

China has overtaken the U.S as the largest global insurance market in terms of brand value, according to valuation consultancy Brand Finance, in part due to the continued growth of Chinese insurance giant Ping An. Ping An, which outpaced Allianz to become the world’s most valuable insurance brand in 2017, grew ... Read the full article

Berkshire Hathaway, Chinese insurers climb “World’s Largest” ranking

8th January 2019

The insurance operations of Warren Buffett's conglomerate Berkshire Hathaway Inc. and China's largest insurance companies are the biggest climbers in A.M. Best's ranking of the World's Largest Insurers. The ranking of the world's largest insurance companies is available to view here on Reinsurance News, in collaboration with A.M. ... Read the full article

Standard Asia and Ping An P&C collaborate to expand P&I cover for Chinese shipowners

9th November 2018

The Standard Club Asia Ltd has entered into a co-operation agreement with Ping An Property & Casualty Insurance Company of China, Ltd, which sees the pair jointly offer Protection and Indemnity (P&I) cover to China's shipowning industry. The focus of the new collaboration will be on owners of ships undertaking ocean-going voyages, ... Read the full article

Ping An remains focused on domestic market growth potential

6th November 2018

Ping An Insurance, China’s largest insurer by market value, remains focused on maximising its opportunities for growth in the domestic market and CEO Peter Ma said that he doesn't foresee any major overseas acquisitions. In an interview with the Financial Times, Ping An CEO Peter Ma said that the Chinese domestic ... Read the full article

Ping An considers acquisition of Prudential’s Asia business

14th August 2018

Ping An Insurance, China’s largest insurer by market value, is considering an acquisition of Prudential Plc’s Asia business, according to sources at Bloomberg. The move would allow Ping An to expand into new insurance markets from Singapore to Indonesia, and would bring it into competition with international companies such as AIA ... Read the full article

Ping An remains most valuable insurance brand at $26.2bn

5th March 2018

The latest Brand Finance Insurance 100 report has revealed that Ping An has retained its title of world’s most valuable brand for the second consecutive year, with a current value of US $26.2 billion. The Chinese insurance giant stole the title from Allianz last year and has maintained its position since ... Read the full article

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