insurance group
Ping An Insurance (Group) Company is the holding company of Ping An Life Insurance Company of China, Ltd. and Ping An Property & Casualty Insurance Company of China, Ltd. CV also controls China Ping An Insurance Overseas (Holdings) Limited and Ping An Trust & Investment Co.
Ping An Insurance (Group) Company of China, Ltd. ( "Ping An") is the first entire country, the insurance company to integrate value securities, trusts, banking, asset management and services annuity. The company was founded in 1988 and started only as a casualty insurance company. Since mid-1990, Ping An has been the diversification into financial services in its core businesses of insurance and investments began to take business from abroad. Ping An accepted investments from Morgan Stanley and Goldman Sachs in 1994. In 2002, HSBC took a major stake in Ping An now has become one of the three leading insurance conglomerates in China.
Xiamen Ping An Insurance Company Ltd. is a subsidiary of Ping An Insurance of China, founded in 1996. Its' core business is providing wide range of products general insurance and services, such as fire Insurance, Life Insurance, Accident Insurance, Workers Compensation Insurance, etc.
Ping An Insurance Company has a vertical organizational structure. Led by the Governing Body, there is also General Manager and a Deputy General Manager, who take positions between the Board of Directors and operational departments: Department of Accounting, Reinsurance and the Department of Administration, etc.
Every morning at 8:30 am, Ping An Insurance of China's 250,000 sales agents across the country begin the day singing the hymn of the company: "In the four seas, with hands on hearts of hours, we sincerely wish that no ping an (peace). When the music stops, sales agents are divided into small groups led by team leaders. The agents relate their sales target for the day, and team leaders critical of his strategy. The procedure is the representative of the program of employee teamwork by the human resource management.
The fact that the company has been inviting foreign key management means that current HR strategy and culture is partially aligned with the western style. Going further, this strategy proved successful. As such, the organizational culture of the company is a successful blend of Western human resource practices of style that have adapted to local culture. Ping An of China was the first company to introduce this approach in the industry. This is particularly importance to our investigation, as is the prospect company and the representative of the industry in general.
About the Author:
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.
Article Source: ArticlesBase.com – The Organisation of the Ping an Insurance (group) Company of China, Ltd
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