Managing Asia’s Christine Tan meets Ping An Group Co-CEO Michael Guo in Shenzhen to discover how one among China’s largest insurers is redefining healthcare and senior look after a quickly growing older inhabitants, whereas transforming its broader enterprise.
Managing Asia’s Christine Tan meets Ping An Group Co-CEO Michael Guo in Shenzhen to discover how one among China’s largest insurers is redefining healthcare and senior look after a quickly growing older inhabitants, whereas transforming its broader enterprise.
China is the world’s second-largest insurance market, but penetration stays simply 5 to six p.c. To meet 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 p.c of income.
Its companies vary from fall-detection sensors and on-line consultations to premium retirement flats, 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, healthcare and senior care in China.