Wednesday, January 17, 2018

ZhongAn takes inspiration from Ping An on insurtech

ZhongAn Online P&C Insurance, China’s first and largest online-only issuer, has said that it wants to learn from Ping An’s insurtech experience.

Given the magnitude and pace of expansion, China’s insurtech market will have room for everyone, according to Chen Wei, chief executive of ZhongAn Technology, the online insurer’s technology incubator.

Speaking to reporters in Hong Kong recently, Chen said China’s insurtech market is so huge that no single company can have a dominating share and it is large enough to cater to both ZhongAn and Ping An ambitions.

 

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