Ping An from the insurance business to the world's No. 1 FinTech and Healthcare platform leader

BOX 7: Organisational Transformation

• There is startup management, including the application of the Failed Quickly, Learn from Mistakes principle to change the Failed to occur as a new project with a chance of success. more and more quickly

• Peter Ma, founder, and CEO of Ping An, has hired Jessica Tan as Co-CEO to jointly drive the mission of business transformation.

• Manage new businesses or projects that arise with the concept of Portfolio Management.

• Since 2008, Ping An had a policy of using 1% of total revenue or about 10% of profit each year as an R&D budget.

• Established Ping An Technology as a Technology Incubator for Ping An Group.

• “Defining clear aims and directions for work like this will result in everyone in the organization having the same understanding. And can be used to assign tasks that themselves and their team must continue to manage. as well as effective measurement meets what needs to be measured in order to lead to sustainable development"

BOX 8: Agile Strategy and Planning

• Since 2008, the global financial crisis And the trend of disruption. As a result, Ping An began to shift from the traditional financial business. Become a technology company by changing the strategic direction of the organization and business models that are not limited to the traditional financial industry, including adopting startup-based management to create changes in the business over the past period

• Promote the Agile concept with a “Can Do” culture to support and create new innovations to happen and be successful. The way people in Ping An adhere to the concept of Can Do, “We can do it,” “I can make this happen,” etc., helps to create positive energy. build morale It created impetus against possible uncertainty and resulted in Ping An's rise to greatness.

BOX 9: Building Collaborative Ecosystem

• Create a new ecosystem that fosters collaboration between inside and outside the organization. Build partnerships with 5 key related businesses: Financial Services, Health Care, Auto Services, Real Estate Services and Smart City Services.