Ping An Insurance (Group) Company of China, Ltd was established in 1988 in Shekou, Shenzhen. The Group is the first insurance company in China to have a shareholding structure.
Today, Ping An Insurance (Group) Company of China, Ltd (“Ping An” or “the Company” or “the Group”) has developed into an integrated financial services conglomerate with three core businesses: insurance, banking, and investment. Contact Pacific Prime for Ping An Insurance quotes today!
Ping An carries out its business under the guiding principle of “expertise creates value”. Its actions are guided by its belief in optimizing value. In the pursuit of excellence, the Company promotes among employees personal integrity and value by highlighting virtues such as “honesty, trustworthiness, entrepreneurship, and achievement”, and team qualities such as “unity, vitality, learning and innovation”.
The Group provides comprehensive products and services in insurance, banking and investment to more than 70 million individual and corporate customers. Both Ping An Life and Ping An Property & Casualty are ranked as the second largest in China in terms of premium income.
Ping An was ranked No.147 in Forbes’ Global 2000 league table, No.107 in The Financial Times Global 500 list, and No.328 in U.S. Fortune Magazine’s Global 500 Leading Companies ranking and No.1 among China’s non-State owned enterprises. Apart from these accolades, Ping An was ranked No. 83 in both The Financial Times’ Top 100 Global Brands and WPP Millward Brown’s BrandZ Top 100 Most Valuable Global Brands.
As a professionally-managed and world-class organization, Ping An is the first Chinese insurer to have introduced foreign investors into its shareholding structure. By having in place a service infrastructure that includes telephony, the Internet and customer service staff, a full range of financial services can be delivered to customers in a professional, standardized and comprehensive manner. Value-added services are also delivered to customers through Customer Service Day and other innovative services such as Wanlitong and One Account.
Ping An, embracing the idea of “focus on tomorrow” as its philanthropy philosophy, takes seriously its responsibility to serve as a leader in the area. Through offering charitable assistance in areas such as the environment, education, the Red Cross and the community, Ping An continuously fulfills its moral and social obligations to society.
In the area of the environment, Ping An continued to promote the “Low-Carbon 100 Campaign”. In 2011, Ping An reduced the usage of 511.7 tonnes of paper and over 1,800 times of mailing costs by introducing the use of Mobile Integrated Terminal (MIT), electronic statements for life insurance and credit cards.
In the area of education, Ping An continued to promote “rural-education campaign”. Ping An had participated in the building and planning of more than 100 Hope Primary Schools in China and had awarded scholarships amounting to RMB ¥2.90 million to a total of 5,362 students. Regarding higher education, Ping An continued to promote education programs that give away study grants totaling RMB ¥14.09 million to 3,905 students in the area of thesis awards, scholarship programs and “Start a Business” competition.
With regard to the Red Cross, Ping An has mobilized blood donation among its staff for ten consecutive years with the amount of blood donated reaching 36.75 million cc. In addition, Ping An has provided insurance for free to more than 2,500 people who have donated hemopoietic stem cells (HSC). The premiums of the donated policies are worth over RMB ¥900 million. In terms of community commitments, Ping An established the “Ping An Volunteer Association'', which consists of 500,000 administrative staff members and agents who are involved in various volunteer work.
Ping An has received numerous awards and applauds in recognition of its charitable work, including:
“The Most Respected Companies of China Awards” for ten consecutive years;
“Best Chinese Corporate Citizen” for seven consecutive years;
“Most Responsible Enterprise” for six consecutive years;
“Chinese Excellent Enterprise - China Business News’s List of Corporate Social Responsibility” for three years in a row.
China Ping An Insurance (Hong Kong) offers a comprehensive suite of products for individuals, including:
Motor insurance: both comprehensive and third party motor insurance.
Travel insurance: all plans include 24-hour worldwide emergency medical evacuation by helicopter and repatriation after treatment.
Home insurance: the maximum annual benefit for legal liability coverage is HKD $10,000,000, covering any claims against you or your family members, pets (dogs & cats only) in the event of your negligence causing third party bodily injury or property damage (USA and Canada are excluded).
Maid insurance: coverage for clinical expenses, surgical & hospitalization expenses, etc. can be added.
Fire insurance: enjoy peace of mind for as little as HKD $501 in annual premium.
Pet insurance: get third party liability cover of up to HKD $1,000,000 for free!
Homeowner rental insurance: the maximum annual benefit for third party liability coverage of HKD $5,000,000 means you can put your mind at ease.
China Ping An Insurance (Hong Kong) also offers exhibition insurance for businesses, to protect your business against the risk of disruption or damage during or even before the exhibition.
Want to learn more about Ping An Insurance and how their products can help you? Contact a Pacific Prime advisor today! Our expertise and experience in all matters related to insurance, combined with our in-depth knowledge of the products from all the major insurers around the world, give us the ability to provide impartial advice that only a leading global insurance brokerage can provide.
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