Ping An's Auto Service App Ranked Top in China with Over 100 Million Users, COVID-19 Spurs Demand for Online Auto Service
PING AN INS CO OF CHINA (PNGAY)
NASDAQ:AMEX Investor Relations:
pingan.cn/en/ir/index.shtml
Company Research
Source: PR Newswire
HONG KONG and SHANGHAI, April 9, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) announced today that the "Ping An Auto Owner" app has surpassed 100 million registered users. The app, launched by Ping An Property & Casualty Insurance Company of China, Ltd. (Ping An Property & Casualty) in 2014, has 25 million monthly active users, and is currently the top-ranked auto service app in China[1]. About half of the users of the app are existing auto insurance customers of Ping An Property & Casualty.The "Ping An Auto Owner" app uses Ping An's leading artificial intelligence (AI), cloud computing and big data technology in a platform to connect car owners to car dealers and other automotive service providers. Since the outbreak of COVID-19 in January 2020, the app has provided services to 12.3 million users, with online self-service insurance claims accounting for 40% of the services.To cater to car owners' nee
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