Pingan today has no legacy platform, 75% of processing is visualised.

40 million auto customers. Largest telematic platform in the world.

Technology to gather data on drivers and analyse whether these correlate with claims performance.

- Photo damage (immediately tell if it is superficial or structural)

- Voice recognition when call in
- Decide whether it makes sense to offer a cash settlement immediately
- 30% of all claims are handled this way

Manulife using their facial recognition technology.

- Selling of enterprise services

- Revenue opportunity that is capital light

15% ROE requirement, EVA model for KPI

Also in the business of IPOing fintech and healthtech businesses that they developed.

Since Pingan operates on the cloud, it is easy to scale. E.g. partner with another tech company and
easily apply their tech to all its users almost immediately.

Other tech that pingan creates are built to be run like a startup that integrates well on Pingan’s
cloud. These startup’s can perhaps be IPOed.

Only cloud in China that is financial grade (subject to PBOC oversight).

Pingan, Tencent and Ant will probably be the 3 big internet financial players in China.