Chinese insurer Ping An is planning to maintain spending $1bn a year with emphasis on diversifying into fintech and healthcare. The second-biggest insurer by premiums, which also operates a wealth management and financial lending service on its Lufax platform, said the investment equates to about 1% of annual revenue. “China has been investing in healthcare for many years
Chinese insurer Ping An is planning to maintain spending $1bn a year with emphasis on diversifying into fintech and healthcare. The second-biggest insurer by premiums, which also operates a wealth management and financial lending service on its Lufax platform, said the investment equates to about 1% of annual revenue. About a fifth of all new business was sourced via its various internet businesses in 2016, COO Jessica Tan said.