The Organisation of the Ping An Insurance (Group) Company of China, Ltd.
Ping An Insurance (Group) Company of China, Ltd. ('Ping An') is the country's first joint-stock insurance company that integrate securities, trusts, banking, asset management and annuity services. The Company was founded in 1988 and began only as a casualty insurance company. Since the mid 1990s, Ping An has been diversifying into financial services from its core business of insurance and began taking investments from overseas firms. Ping An accepted investments from Morgan Stanley and Goldman Sachs in 1994. In 2002 HSBC took a large equity interest in Ping An. Now, it has grown into one of the three leading insurance conglomerates in China.
Xiamen Ping An Insurance Company Ltd. is a subsidiary company of Ping An Insurance of China, which was founded in 1996. Its' core business is to provide wide range of general insurance products and services such as Fire Insurance, Life Insurance, Accident Insurance, Employees' Compensation Insurance, etc.
Ping An Insurance Company has a vertical organizational structure. Headed by the Board of Directors, there are also General Manager and Assistant of a General Manager, who take the positions between the Board of Directors and operational departments: Accounting Department, Reinsurance and Administration Department, etc.
Every morning at 8:30 am, Ping An of China's 250,000 insurance sales agents across the country begin the day by singing the company anthem:' Within the four seas, with our hands on hour hearts, we sincerely wish that there is ping an (peace). When the music ends, the sales agents divide into smaller groups led by team leaders. The agents relate their sales target for the day, and team leaders critique their strategy. The procedure is representative of the teaming program employed by the human resource management.
The fact that company has been inviting key managers from abroad signifies that the present human resource strategy and culture is partially adjusted to the Western style. Going even further, this strategy proved to be successful. As such, company's organizational culture is a mixture of successful Western style HR practices that have been adjusted to the local culture. Ping An of China was the first company to introduce this approach in the industry. This is of particular significance, to our research, as company is perspective and representative for the industry overall.
Related Tags: insurance companies, essay on management, project on insurance, financial project
Jennifer Burns is a staff academic writer at Custom-Writing.org, essay services. Jennifer provides writing help and support to students who buy the essays and annotated bibliography.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Payday Installment Loans: Ideal Funds That Supports Your Impending Needs
Any impending monetary crisis will be tough to deal with, if you are not having adequate funds. Neve - Educational Loans -helps To Secure Bright Future
Education is said to be the most important thing in ones life. It not only helps to improve the stan - One Hour Payday Loans No Faxing - Fastest Option Of Acquiring Money
Nowadays, loans have become a common thing among the UK people as needs are rising while the salary - Tenant Loans - Instant Monetary Support For Non Homeowners
Are you looking for an unsecured financial help that does not demand security to place against the r - Payday Loans No Faxing - No Verification And Delay
So many times, the approval of the loan gets delayed due to the lengthy paperwork and documentation. - Bad Credit Car Loans -helps You Finance A Car
Are you in need of a new car? Here bad credit car loans can offer you finance as you need. Perhaps y - Logbook Loans - Friendly Deal For Car Owners
Everyone knows that logbook is a paper issued by driver and vehicle licensing agency. This important - Same Day Loans For People On Benefits - Quick Money For Instant Financial Hold
Urgent and unpredictable demands might arise at times when you are not financially prepared. To deal - 3 Month Payday Loans - Feel Free With Longer Repayment Option
Are you looking for the loan that can give you small cash, but for longer duration? Are you worried - Loans For Bankrupt People - Look Forward For Financial Stability
Financial acronym or injury and inability for reimbursement to the concerned are known as insolvency
Most viewed articles in this category:
- Unsecured Personal Loans - Loan for the Common Man
Loans can broadly be divided into two types - unsecured loans and secured loans. Secured personal lo - High Risk Unsecured Personal Loans at Nominal Interest Rate
Today, unsecured loans gave grabbed the market as more and more people are opting for it. The loan m - Personal Loans-Don't Suppress Your Financial Needs
Personal loans can be segregated into a secured and an unsecured loan option. If you are a homeowner - Take the Loan; Show No Reason
If you are in need of a loan and want to utilise it for any purpose without showing the reason to th - No Compromise With Your Pleasure, Have Your Own Car
On a fine morning, you get up to see the sun shining brightly in the sky, leaving the world bathed i - Subsidized And Unsubsidized Student Loans!
These loans carry different loan terms and different requirements. According to the student situatio - Interest Rate: The Key Factor on Car Loans!
There are such wide variations in APR between lenders that you can end up overpaying on your car loa - Fight Against Tight Financial Situation With Personal Loans UK
It is always better to prepare yourself for unforeseen or unexpected expenses. If you are not born w - Advantages And Disadvantages Of Lack Of Security On Loans!
The unsecured nature of these loans attracts tenants but homeowners as well. However, in order to de - Unsecured Personal Loans-A Loan Everybody Is Eligible To Procure
Unsecured personal loans cater to urgent day-to-day financial requirements, and have become very pop