Ping An Insurance (Group) Company of China Ltd

Asia Pacific

Date joined:23 March, 2020
Initiatives:Principles for Sustainable Insurance

Ping An of China is devoted to becoming a world-leading personal financial services provider. With the concept of “leading finance with technology and facilitating life with finance”, Ping An promotes the common development of its core finance business and Internet finance business, creating the experience of “Expertise Makes Life Easier”, achieving continuous profit growth and providing shareholders long-term stable returns.

Insurance business is one of the core businesses of the Group. After developing for many years, the Group has transitioned from a company with sole property & casualty business to a group which has gradually established a complete business system with four major subsidiaries: Ping An Life, Ping An Property & Casualty, Ping An Annuity and Ping An Health as its core business and providing clients with a full range of insurance products and services.

Asset management business is also one of the core businesses of the Company. Ping An Trust, Ping An Securities, Ping An Asset Management, Ping An Overseas Holdings, Ping An Asset Management (Hong Kong), Ping An Fund and Ping An Financial Leasing form the asset management platform of the Company, providing customers with diversified investment products and services.

Regarding the reasons for joining UN Environment’s Principles for Sustainable Insurance , Ping An always takes environmental and social factors into insurance practice considerations, sets appropriate risk pricing, and continues to improve our sustainable insurance system.  During 2019, Ping An made lots of achievements in ESG. Ping AN provided risks protection for over 1,000 major projects of the Belt and Road Initiative and the development of the Greater Bay Area, served over 3 million small and micro enterprises with integrated financial services such as insurance, loans and financing, and provided over RMB1 trillion in insurance coverage and financing services for farmers and rural enterprises in 2019, providing greater dynamics and efficiency in the real economy. What’s more, Ping An made more efforts to develop and provide social security products, inclusive financial products and environmental products under the theme of sustainable development. In achieving a stable growth in its insurance performance, Ping An is committed to providing risk protection for social equity and sustainable development. In 2019, Ping An’s sustainable insurance insured amount reached RMB 121.21 trillion.