InsurTech Magazine July 2022 | Page 19

Pingan Financial Center

“ If you want to cross the river , use the bridge . It ' s quicker and more efficient and you don ’ t have to get wet ” still appears to see its future as a global bank , it has reportedly called in the help of investment bank Robey Warshaw to advise it on strategy .

Stepping down as CEO During the first two decades of the new millennium , Ping An continued to grow with considerable momentum . In 2017 , Ma told Institutional Investor that the secret to the company ’ s success was placing itself at the heart of its clients ’ businesses .
“ Not only must we be the insurance expert for every one of our customers , we must be their expert financial consultant and their assistant in every aspect of their lives ,” he said . “ The biggest advantage of Ping An ’ s business model is our wider range of expertise .”
Ma stepped down as CEO in 2020 and handed over to three co-CEOs – Jason Yao Bo , Xie Yonglin and Jessica Tan Sin-yin – but remained as Chairman . According to the company , he now plays a core leadership role , in charge of decision-making around strategy , human resources , culture and other major issues .
He continues to be actively engaged with the business and remains interested in a number of core topics affecting the insurance industry , such as digitisation .
“ My view is that digitalisation is a fundamental project for the progress of human society and productivity in the 21st century ,” he wrote just last year . “ It is a revolution that enables leapfrog improvements in the ability of human cognition . Digitalisation is not only a technological development , but also a revolution in the way we think and behave .” insurtechdigital . com 19