| Ping An Insurance (Group) Company is the | | | | organizational structure. Headed by the Board |
| holding company of Ping An Life Insurance | | | | of Directors, there are also General Manager |
| Company of China, Ltd. and Ping An Property & | | | | and Assistant of a General Manager, who take |
| Casualty Insurance Company of China, Ltd. It | | | | the positions between the Board of Directors |
| also controls China Ping An Insurance | | | | and operational departments: Accounting |
| Overseas (Holdings) Limited and Ping An Trust | | | | Department, Reinsurance and Administration |
| & Investment Co. | | | | Department, etc. |
| | | | |
| Ping An Insurance (Group) Company of China, | | | | Every morning at 8:30 am, Ping An of China's |
| Ltd. ('Ping An') is the country's first | | | | 250,000 insurance sales agents across the |
| joint-stock insurance company that integrate | | | | country begin the day by singing the company |
| securities, trusts, banking, asset management | | | | anthem:' Within the four seas, with our hands |
| and annuity services. The Company was founded | | | | on hour hearts, we sincerely wish that there |
| in 1988 and began only as a casualty | | | | is ping an (peace). When the music ends, the |
| insurance company. Since the mid 1990s, Ping | | | | sales agents divide into smaller groups led |
| An has been diversifying into financial | | | | by team leaders. The agents relate their |
| services from its core business of insurance | | | | sales target for the day, and team leaders |
| and began taking investments from overseas | | | | critique their strategy. The procedure is |
| firms. Ping An accepted investments from | | | | representative of the teaming program |
| Morgan Stanley and Goldman Sachs in 1994. In | | | | employed by the human resource management. |
| 2002 HSBC took a large equity interest in | | | | |
| Ping An. Now, it has grown into one of the | | | | The fact that company has been inviting key |
| three leading insurance conglomerates in | | | | managers from abroad signifies that the |
| China. | | | | present human resource strategy and culture |
| | | | is partially adjusted to the Western style. |
| Xiamen Ping An Insurance Company Ltd. is a | | | | Going even further, this strategy proved to |
| subsidiary company of Ping An Insurance of | | | | be successful. As such, company's |
| China, which was founded in 1996. Its' core | | | | organizational culture is a mixture of |
| business is to provide wide range of general | | | | successful Western style HR practices that |
| insurance products and services such as Fire | | | | have been adjusted to the local culture. Ping |
| Insurance, Life Insurance, Accident | | | | An of China was the first company to |
| Insurance, Employees' Compensation Insurance, | | | | introduce this approach in the industry. This |
| etc. | | | | is of particular significance, to our |
| | | | research, as company is perspective and |
| Ping An Insurance Company has a vertical | | | | representative for the industry overall. |