Ping An Launches Pilot of Digital RMB Insurance Policies with Bank of China in Shenzhen
HONG KONG and SHANGHAI, July 28, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An Property & Casualty Insurance Company of China, Ltd. has issued the first batch of digital RMB insurance policies in Shenzhen in cooperation with Bank of China.
- HONG KONG and SHANGHAI, July 28, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An Property & Casualty Insurance Company of China, Ltd. has issued the first batch of digital RMB insurance policies in Shenzhen in cooperation with Bank of China.
- Ping An Property & Casualty created the Comprehensive Insurance for Medical Staff policies in Nanshan District of Shenzhen in cooperation with the Bank of China.
- The pilot aims to provide protection for medical staff, offer policy holders a digital wallet experience and enable digital RMB premium settlement.
- For the insurance industry, the priorities are to better integrate the characteristics of the digital RMB network, launch a new business model of property and casualty insurance related to digital RMB storage, and drive strategic planning on digital RMB applications.