Deputy CEO, Executive Director and Chief Insurance Business Officer
Ping An Insurance (Group)
Mr. Lee Yuansiong is a leader in China's insurance industry. Mr. Lee worked for Monetary Authority of Singapore, Prudential Group, CITIC-Prudential Life, and Ping An Life. Currently, he is the deputy CEO, executive director, and chief insurance business officer of Ping An Insurance (Group).
As a leader in the Chinese insurance market, Ping An ranks 16th on the Forbes Global 2000 list and 1st among global insurance conglomerates. Mr. Lee is in charge of seven insurance and healthcare subsidiaries of Ping An Group. Among these subsidiaries, Ping An Life and Ping An Property & Casualty are China’s second largest life insurer and P&C insurer respectively, Ping An Annuity is China’s first specialized pension insurer, and Ping An Health is China’s leading high-end health insurer. Ping An Good Doctor is the biggest leader in China online Healthcare Industry.
Mr. Lee has been a transformation leader for products, services, technologies, and business models. He filled a blank in China’s life insurance product system in 2004 by introducing universal life insurance. He disrupted the design philosophy of traditional insurance products in China by pioneering the integration of health management and insurance. In 2010, Mr. Lee created China’s first computerized platform for mobile one-stop insurance sales, services and management. Since 2016, he has pursued deep integration of artificial intelligence (AI) and insurance business in a forward-looking manner, applied AI to channel management, customer services and risk management, and drove China’s insurance industry to become smarter. He has built an innovative private health care ecosystem, in which over 200 million people receive consultation services online, and nearly 10,000 hospitals and clinics provide health care services offline. Commercial insurance companies can reengineer their pricing, operating and risk management approaches by leveraging the medical big data, cost control capability, health forecasting models and health management services in the ecosystem.