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Azeem Azhar's Exponential View

From Insurance Giant to Tech Platform: The Story of Ping An

Azeem Azhar's Exponential View

EPIIPLUS 1 Ltd / Azeem Azhar

Robots, Tech News, Ai, It, Business, Future, News, Economy, Review, Gpt, Exponential View, Intelligence, Azeem Azhar, Society, Government, Artificial Intelligence, Science, Economics, Investing, Exponential, Openai, Work, Automation, Technology

4.91.1K Ratings

🗓️ 10 February 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

From an insurance giant to an incubator of cutting-edge tech companies, Ping An’s evolution is impressive and unique. Chief Innovation Officer Jonathan Larsen joins Azeem Azhar to explore how the China-based holding conglomerate has managed such agility at immense scale.

Transcript

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0:00.0

Asana is the only work management platform built for scale.

0:05.5

AI has joined the team to maximize impact by automating workflows.

0:10.0

Asana, a smarter way to work. Learn more at asana.com.

0:19.0

HBR presents

0:30.0

Hi there, I'm Azim Azar and you're listening to Ex Financial View.

0:33.0

Now every week I'm in deep conversation with a brilliant mind exploring technology business

0:37.0

and their intersection in the near future.

0:40.0

Now my guest today is Jonathan Larsen, the Chief Innovation Officer of Ping-An.

0:44.0

Now you probably haven't heard of Ping-An but I think it's one of the most interesting companies

0:49.0

anywhere in the world today.

0:52.0

It is a Chinese insurance and finance giant with annual revenues of in excess of $150 billion

0:58.0

and a market capitalisation well north of $220 billion.

1:03.0

And the fascinating story about Ping-An is that this company's just over three decades old

1:09.0

started from nothing and has not only become a major player in the Chinese insurance market

1:14.0

and has an incredible track record in spinning up and spinning off multi-billion dollar businesses

1:20.0

in areas as diverse as wealth management and health care.

1:24.0

The Ping-An story is truly fascinating.

1:27.0

The company has come from the rather stayed environment of property and casualty insurance

1:32.0

to build itself up as a technology behemoth,

1:35.0

operating a platform and an ecosystem strategy that we would normally associate

1:40.0

with the very fastest moving, very biggest technology and internet companies like

1:46.0

an Alibaba or a Google or an Amazon.

...

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