HONG KONG and SHANGHAI, April 16, 2025 /PRNewswire/ — On April 14 and 15, the inaugural International Web Convention Asia-Pacific Peak 2025 used to be held in Hong Kong. Ping An Insurance coverage (Crew) Corporate of China, Ltd. (“Ping An“, the “Company” or the “Group”, HKEX: 2318; SSE: 601318) co-hosted a “Digital Finance” sub-forum to speak about the brandnew ground of virtual inclusive finance with world authorities and industry representatives. The subforum integrated shows via Dangyang Chen, Chairman of OneConnect Monetary Era, a member corporate of Ping An, and Ambrose Wong, Eminent Govt and Eminent Chance Officer of PAObank Restricted, a subsidiary of Lufax Maintaining. Richard Sheng, Board Secretary and Emblem Director of Ping An in demand with authorities officers from China and out of the country, in addition to senior representatives of business firms, on subjects corresponding to state of the art synthetic understanding (AI) expertise and virtual finance construction.
On the government-enterprise discussion consultation, Mr. Sheng stated that it’s the challenge and accountability of all enterprises to form an inclusive, environment friendly, and sustainable financial machine, with a focal point at the integration of the virtual and actual economies and selling world sustainable construction. Ping An has taken the govern, and has initiated complete virtual transformation via enforcing data-driven operations, data-driven industry, and data-driven control.
Data-driven operations can reach potency and automatic processes thru machines, AI, and human support. Knowledge-driven control permits the mixing of customers and various situations. Knowledge-driven industry way enterprises can establish buyer wishes thru information research and be proactive in offering the best merchandise and repair. Ping An’s staff of expertise pros has constructed a understructure for AI massive style expertise. As of the top of 2024, Ping An had a first class expertise skill staff of over 21,000 builders and over 3,000 scientists. It has constructed a three-layer massive style machine of common fashions, vertical area fashions, and alertness fashions. It has created 3 primary monetary databases and 5 primary healthcare databases, making them one of the vital global’s greatest monetary and healthcare databases. As of the top of 2024, the Crew had filed 55,080 patent packages, score first globally in patent packages in fintech and healthcare, and 2nd globally in patent packages in generative AI.
Ping An supplies virtual enablement for built-in finance, fitness and senior lend a hand, and business establishments. In virtual finance, Ping An has an end-to-end roguish machine to strengthen customer support revel in, cybersecurity, and possibility keep an eye on features. The AI funding and credit score possibility keep an eye on machine covers just about 100 million enterprises and particular person companies national, offering early threats of default dangers. The quantity of products and services equipped via Ping An’s AI provider representatives reached over 1.5 billion occasions, accounting for 80% of Ping An’s general customer support quantity. In auto insurance coverage, Ping An advanced the sector’s first image-based Canny Fast Declare machine. The machine permits loss evaluation inside of seconds next related footage are uploaded, rushing up the loss evaluation procedure via 4,000 occasions. In fitness and senior lend a hand, Ping An created a main home fitness and senior lend a hand option to assistance create the scientific and healthcare provider machine. Ping An Fitness (sometimes called Ping An Excellent Physician) advanced an AI-based scientific machine to assistance scientific pros, with scientific experience masking over 2,000 sicknesses, an AI-powered advice accuracy price of 99% in triage – guiding sufferers to the best scientific branch, and an AI-assisted analysis accuracy price above 95%. On the subject of AI docs, Ping An Fitness has created 12 AI-driven fashions, bettering the potency of the “Ping An Family Doctor” provider via about 30%. Ping An’s leading edge AI fitness supervisor is helping make stronger power illness control charges via 90%. For empowerment of monetary establishments, Ping An created AI-powered roguish monetary provider answers to assistance them make stronger feature and potency. Answers introduced via OneConnect had been carried out within the retail wealth control, company industry, and far flung banking provider situations of a couple of banks.
Ping An continues to combine expertise R&D with industry situations for leading edge industry construction. On the “Digital Finance” sub-forum, Mr. Chen defined that OneConnect serves dozens of Ping An subsidiaries, corresponding to Ping An P&C, Ping An Occasion, and Ping An Storehouse, offering cast technical assistance for his or her virtual transformation. Externally, it empowers exterior enterprises with the virtual expertise packages, masking 100% of state-owned banks and joint-stock banks, 99% of town industrial banks, and 65% of attribute insurance coverage firms, in addition to 197 in a foreign country monetary establishments in 20 international locations and areas. Ambrose Wong shared PAObank’s revel in and achievements in exploring virtual packages within the Hong Kong marketplace. In accordance with Ping An’s main fintech and AI possibility keep an eye on expertise, PAObank’s credit score possibility id potency advanced via 40% year-on-year (YoY), and running prices had been decreased via 25% YoY. Some of the licensed loans, roughly 25% of SME shoppers gained deposit loans for the primary past, and eight.2% of startups gained unsecured loans, each achievements in leading edge inclusive monetary products and services.
Selling a complete digitalization technique and seizing brandnew alternatives, Ping An will proceed to journey its technology-driven “integrated finance + health and senior care” technique. It’s going to proceed to advertise complete data-driven operations, data-driven control, and data-driven industry. It targets to pursue top of the range industry construction, make stronger the feature and potency of monetary companies, and utility the “worry-free, time-saving, and money-saving” worth proposition to steer the advance of its companies and products and services. Ping An will proceed to advertise product upgrades and technological innovation in expertise finance, inexperienced finance, inclusive finance, pension finance and virtual finance. It’s going to paintings with stakeholders to proceed to combine AI and virtual applied sciences into Asia-Pacific’s finance sector.
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About Ping An Crew
Ping An Insurance coverage (Crew) Corporate of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is likely one of the greatest monetary products and services firms on the earth. It strives to change into a world-leading supplier of built-in finance, fitness and senior lend a hand products and services. Beneath the technology-driven “integrated finance + health and senior care” technique, the Crew supplies skilled “financial advisory, family doctor, and senior care concierge” products and services to its 242 million retail shoppers. Ping An advances clever virtual transformation and employs applied sciences to make stronger monetary companies’ feature and potency and strengthen possibility control. The Crew is indexed at the inventory exchanges in Hong Kong and Shanghai. As of the top of December 2024, Ping An had greater than RMB12 trillion in general belongings. The Crew ranked 29th within the Forbes International 2000 checklist in 2024 and 53rd within the Fortune International 500 checklist in 2024.
For more info, please talk over with www.group.pingan.com and observe us on LinkedIn – PING AN.
SOURCE Ping An Insurance coverage (Crew) Corporate of China, Ltd.
