Managing Asia’s Christine Tan meets Ping An Group Co-CEO Michael Guo in Shenzhen to discover how considered one of China’s largest insurers is redefining healthcare and senior look after a quickly getting old inhabitants, whereas remodeling its broader enterprise.
Managing Asia’s Christine Tan meets Ping An Group Co-CEO Michael Guo in Shenzhen to discover how considered one of China’s largest insurers is redefining healthcare and senior look after a quickly getting old inhabitants, whereas remodeling its broader enterprise.
China is the world’s second-largest insurance coverage market, but penetration stays simply 5 to six %. To fulfill the wants of a rising center class and aged demographic, Ping An has constructed a healthcare and senior care ecosystem that already generates about 10 % of income.
Its companies vary from fall-detection sensors and on-line consultations to premium retirement residences, offering a mannequin for the way seniors in China can age safely and comfortably at residence.
Guo additionally addresses the challenges of market volatility and China’s low-interest-rate surroundings. And he displays on working with the corporate’s legendary founder, Peter Ma, the quiet visionary behind Ping An’s transformation.
Watch the video above to see how Ping An is reshaping the way forward for insurance coverage, healthcare and senior care in China.
