Reinsurance News
Ping An
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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