Ping An Insurance (Group) Company of China – Digital Transformation Strategies
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Ping An Digital Transformation Strategies Overview
Ping An is tapping into the power of artificial intelligence (AI) to improve its business efficiency. AI, big data, cloud, and blockchain are among the key technologies under focus for the company. The annual ICT spending of Ping An was estimated at $2.8 billion in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors.
Ping An Insurance (Group) Company of China (Ping An) 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, whole life insurance, universal life insurance, endowment insurance, health insurance, and annuities.
The Ping An digital transformation strategies 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, technology initiatives, technology introductions, partnerships, investments, and ICT spending among others.
Total ICT Spending 2023 | $2.8 billion |
ICT Spend by Function | Network, Application, Data Center, Management, End-User Computing, Communications, and Service Desk |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), ICT Services Providers/Consulting Firms, Telcos, Local Resellers, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | Software (including Cloud SaaS), Network and communications, Hardware (including Cloud IaaS), ICT services, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Blockchain, Cloud, and Cybersecurity |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Buy the Full Report to Get More Insights on the Digital Transformation Strategies of Ping An
Digital Transformation Strategies
Ping An 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 using AI to reduce turnaround times. Ping An has developed AI-based image recognition technologies for loss assessment as well as facial recognition technologies for claims settlement. It has also upgraded Jin Guan Jia, an AI-powered app that recommends products and services to customers based on precise customer profiling. Ping An applies an AI-based robot for screening and interviewing training and management and building sales models.
Buy the Full Report to Know More About Other Digital Transformation Strategies and Initiatives of Ping An
Ping An Technology Theme Focus
Ping An is tapping into the power of key disruptive technologies to enhance its operational and service capabilities. AI, big data, cloud, and blockchain are among the key technologies under focus for the company.
Ping An’s Technology Theme Focus
Buy the Full Report to Know About Other Technology Themes Under Focus for the Company
Ping An Technology Initiatives
Ping An has been involved in several strategic technology partnerships and collaborations, investments, and technology rollouts over the past few years. For instance, Ping An OneConnect Bank (Hong Kong) Limited (PAOB) collaborated with FWD Hong Kong to combine PAOB’s fintech capabilities and FWD’s extensive commercial data to streamline the credit assessment process and enable seamless financial services for SMEs. Both companies are also jointly participating in the Hong Kong Monetary Authority’s Commercial Data Interchange (CDI) initiative to help promote cross-sector data interchange in Hong Kong’s financial sector. The initiative enables PAOB to simplify the Know Your Customer (KYC) procedure and provides more comprehensive assessments of customers’ credit levels as well as streamlines the loan process.
Buy the Full Report for More Insights on Other Technology Initiatives of Ping An
Ping An ICT Spend by Function
- Network
- Application
- Datacenter
- Management
- End-user computing
- Communications
- Service desk
Ping An’s ICT Spend by Function, 2023(%)
Buy the Full Report for More Insights on Ping An’s ICT Spending by Function
Ping An ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- ICT services providers/Consulting firms
- Telcos
- Local resellers
- Specialist outsourcers
- Systems integrators
Ping An ICT Spend by Channel, 2023(%)
Buy the Full Report for More Insights on Ping An’s ICT Spending by Channel
Ping An External ICT Spend by Segment
- Software (including Cloud SaaS)
- Network and communications
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Others
Ping An External ICT Spend by Segment, 2023(%)
Buy the Full Report for More Insights on Ping An’s External ICT Spending by Segment
Scope
This report provides:
- Insight into Ping An’s technology activities.
- Overview of technology initiatives covering product launches, partnerships, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Ping An’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, and investments.
Varian
FWD
Bought By Many
SingularityNET
CareVoice
BOE Technology Group
Huize
Peak Fintech
Bloomberg
Huawei
Inspur
Table of Contents
Frequently asked questions
-
What was the total ICT spending of Ping An in 2023?
The annual ICT spending of Ping An was estimated at $2.8 billion in 2023.
-
Which function accounted for the highest ICT spending for Ping An in 2023?
Network accounted for the highest ICT spending by function for Ping An in 2023.
-
Which channel accounted for the highest ICT spending for Ping An in 2023?
Internal development and maintenance accounted for the highest ICT spending by channel for Ping An in 2023.
-
Which segment accounted for the highest external ICT spending for Ping An in 2023?
Software accounted for the highest external ICT spending by segment for Ping An in 2023.
-
What are the key technology themes in focus for Ping An?
AI, big data, blockchain, cloud, and cybersecurity are the key technological themes in focus for Ping An.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.