Ping An Insurance poised to become a tech giant

Ping An Insurance Group, the world's second-largest insurer by market value in 2018 and 2019, has also established itself as a global technology center.

Ping An Insurance In the first half of 2019, its revenues generated from technology solutions amounted to 38.4 billion CNH (5.4 billion USD), a figure that may skyrocket over the next decade.

In the field of technology, the Chinese giant employs more than 3 000 researchers, has 19 research centers (11 units and eight institutes). It holds more than 20 000 patents, 96% of which are invention patents. Ping An Insurance's technology solutions are used by nearly 4 000 companies around the world, operating in various industries.

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