Managing Asia’s Christine Tan meets Ping An Group Co-CEO Michael Guo in Shenzhen to explore how one of China’s largest insurers is redefining healthcare and senior care for a rapidly aging population, while transforming its broader business.
Managing Asia’s Christine Tan meets Ping An Group Co-CEO Michael Guo in Shenzhen to explore how one of China’s largest insurers is redefining healthcare and senior care for a rapidly aging population, while transforming its broader business.
China is the world’s second-largest insurance market, yet penetration remains just 5 to 6 percent. To meet the needs of a growing middle class and elderly demographic, Ping An has built a healthcare and senior care ecosystem that already generates about 10 percent of revenue.
Its services range from fall-detection sensors and online consultations to premium retirement apartments, providing a model for how seniors in China can age safely and comfortably at home.
Guo also addresses the challenges of market volatility and China’s low-interest-rate environment. And he reflects on working with the company’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 future of insurance, healthcare and senior care in China.
