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Ping An’s 9M18 operating profit attributable to shareholders of parent company rose 19.5%, Life VNB growth rate improved in Q3

FTB News DeskOctober 29, 201818 min
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, the “Company” or the “Group”, HKEX: 2318; SSE: 601318) today announced its results for the nine months ended September 30, 2018. In the first nine months of 2018, Ping An achieved an operating profit attributable to shareholders of the parent company of RMB85,637 million, up 19.5% year on year. Net profit attributable to shareholders of the parent company rose 19.7% year on year to RMB79,397 million although the net profit growth...

Authlete Raises $4M in Series A Funding

PRNewswireApril 4, 20235 min
Authlete, the leader in implementing the latest digital identity and API security standards, announced today that it has raised approximately US$4M (500 million Japanese yen) in Series A funding from SBI Digital Asset Holdings (SBI DAH), part of the Japanese conglomerate SBI Group. Authlete will use the funds to accelerate its global expansion, develop new products, and explore new industries in partnership with SBI DAH. Authlete is a pioneer in providing services related to OAuth 2.0 and...

DMI Joins Global Mobility Open Blockchain Initiative (MOBI)

PRNewswireApril 29, 20224 min
DMI, a global digital transformation services company, has joined the Mobility Open Blockchain Initiative (MOBI). MOBI is a member-driven consortium focused on creating the standards and collaboration necessary to enable Web3 digital infrastructure for connected vehicles and IoT commerce. The membership will provide DMI with the opportunity to collaborate within its alliance of the world’s largest vehicle manufacturers along with startups, non-governmental organizations, transit agencies, insurers, toll road providers, smart city leaders and blockchain technology...

Global Embedded Insurance Business and Investment Opportunities

BusinessWireMarch 22, 20229 min
The “Global Embedded Insurance Business and Investment Opportunities – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering. According to this report the industry is expected to grow by 31.9% on annual basis to reach US$56,979.8 million in 2022. The embedded insurance industry is expected to grow steadily over the forecast period, recording a CAGR of 20.7% during 2022-2029. The embedded insurance revenues in the region will increase from US$56,979.8 million in 2022 to reach US$161,598.3 million by...

Tencent’s Insurance Platform, WeSure, Featured in Fintech Power 50 for 2020

PRNewswireDecember 19, 20197 min
WeSure, Tencent’s insurance platform has been named in the 2020 edition of The Fintech Power 50 (“TFP50”). TFP50 is an exclusive annual program that recognizes the 40 most innovative companies and ten most trusted leaders in the industry every year. WeSure was one of only three Asian companies in the 2020 cohort, along with another two fintech service companies OneConnect and Wing Money. “WeSure is honored to be recognized amongst this exclusive list of transformative financial companies. We are committed to...

Ping An Ranked 29th in Fortune’s 2019 Global 500, Top 4 in Financial Sector

PRNewswireJuly 24, 20198 min
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx: 2318; SSE: 601318) ranked 29th this year in Fortune magazine’s Global 500. The Fortune Global 500 list is regarded as the world’s most authoritative corporate ranking for global large-scale enterprises. The ranking measures companies primarily by their annual revenue and profit. Ping An’s ranking on the 2019 list was based on annual revenue in 2018of US$163,597.40 million (equivalent to RMB1,081.87 billion) and profit of US$16,237.20million (equivalent to RMB107.38 billion). “Ping An is an...

Ping An Ranks 40th in BrandZ™ Global Brands

FTB News DeskJune 12, 20198 min
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”; HKEx: 2318; SSE: 601318) has ranked 40th in the latest BrandZ™ Top 100 Most Valuable Brands 2018 published by WPP, the world’s largest communications services group, and Kantar Millward Brown, a research firm. Ping An has moved up three places since last year. The Company tops the global insurance brands for the fourth consecutive year and is among the top three global financial brands, with...
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