Ping An Insurance – Enterprise Tech Ecosystem Series

Pages: 28 Published: July 15, 2022 Report Code: GDFS0625CA

Ping An Insurance has been focusing on using artificial intelligence, cloud, blockchain and big data to digitally transform its operations. The annual ICT spending of Ping An Insurance was estimated at $8.8 billion for 2021. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. Ping An Insurance is an integrated financial conglomerate providing insurance, banking, and investment products and services to individuals and corporate clients. The group offers a range of life and non-life insurance products such as motor insurance, property loss insurance, liability insurance, credit and trust insurance, cargo insurance, the whole of life insurance, universal life insurance, endowment insurance, health insurance, and annuities.

The Ping An Insurance enterprise tech ecosystem report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, accelerators & innovation programs, technology partnerships, technology introductions, venture arm, investments, and ICT spending among others.

Digital Transformation Strategies

Ping An Insurance is tapping into the power of artificial intelligence (AI) to improve its business efficiency. Its AI-based products and services enable faster claims processing and smart customer service. The company has automated operations including underwriting, policy administration, and claims management processes using AI to reduce turnaround times.

To gain more insights on digital transformation strategies and initiatives of Ping An Insurance, download a free report sample.

Ping An Insurance Technology Theme Focus

Ping An Insurance is utilizing several emerging technologies including artificial intelligence, blockchain, and big data among others to achieve operational efficiencies, improve underwriting, and claims management procedures, and minimize security risks.

Ping An Insurance Technology Theme Focus

To know about other technology themes under focus for the company, download a free report sample

Ping An Insurance Technology Initiatives

Ping An Insurance has been involved in several strategic technology partnerships and collaborations, technology developments and rollouts, and technology investments over the last few years. For instance, in 2020, the company introduced AskBob Cancer, an AI-assisted medical support system that aids doctors in making precise clinical decisions for the treatment of gastroesophageal cancers. In addition to offering support for clinical decisions, the system also offers services including drug inquiries, online courses, news, and an online forum.

For more insights on other technology initiatives of Ping An Insurance, download a free report sample

Ping An Insurance ICT Spend by Function

  • Data center
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • ICT Service desk

Ping An Insurance ICT Spend by Function

For more insights on ICT spending by function, download a free report sample

Ping An Insurance ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

Ping An Insurance ICT Spend by Channel

For more insights on ICT spending by channel, download a free report sample

Ping An Insurance External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • ICT services
  • Consulting
  • Network and communications
  • Others

Ping An Insurance External ICT Spend by Segment

For more insights on external ICT spending by segment, download a free report sample

Ping An Insurance Tech Ecosystem Overview

Total ICT Spending 2021 $8.8 billion
ICT Spend by Function Data center, Communications, Network, Application, End-User computing, Management, and ICT Service desk
ICT Spend by Channel Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators
External ICT Spend by Segment Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others
Technology Theme Focus Artificial intelligence, Blockchain and Big Data

This report provides:

  • Insight into Ping An Insurance’s technology activities.
  • Insights of its accelerators, incubators, and other innovation programs, and venture arm.
  • Overview of technology initiatives covering partnerships, technology introductions, and investments.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insight into Ping An’s fintech operations.
  • Discover its fintech strategies and innovation initiatives.
  • Learn about its product launches, partnerships, and investments.

Key Players

  • Shiongoi


    Metro Pacific Health Tech Corporation

    Peak Fintech



    Swiss Re


    SBI Neo



    Bought By Many

    GDS Holdings

    Lenovo Healthcare Information Technology




    Biren Technology

    20/20 GeneSystems





    10x Future Technologies

    Oscar Health


    iCapital Network


    StartUp Health


Table of Contents

Table of Contents


Digital Transformation Strategy

Accelerators and Innovation Programs

Technology Focus

Technology Initiatives

Venture Arm Ping An Ventures


Partnership and Investment Network Map

ICT Budget and Contracts

Key Executives

About GlobalData

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