- Ping An P&C has launched the AI-powered "EagleX (Global Version)" risk mitigation platform, the first of its kind from China to be offered globally.
- In 2024, the platform identified 3,619 high-risk cases and issued 10.5 billion disaster alerts, protecting 67 million customers.
- Ping An P&C underwrote 2,826 projects in 125 countries in 2024, with a total sum insured of $264 billion.
Ping An Property & Casualty Insurance (P&C), a subsidiary of Ping An Insurance (Group) Company of China, Ltd., has officially launched its AI-enhanced "EagleX (Global Version)" platform to address global climate challenges. This platform serves as China's first globally-offered insurance risk mitigation service, utilizing over 2 trillion data points to assess risks for nine types of natural disasters including typhoons, floods, and earthquakes. It features Natural Disaster Risk Maps, a Disaster Alert system, and Satellite Monitoring.
In 2024, "EagleX" identified 3,619 high-risk cases and issued a staggering 10.5 billion disaster alerts, reaching 67 million customers across various insurance lines. The platform's effectiveness was demonstrated when it provided early warnings for Typhoon Yagi in Hainan and successfully prevented a major landslide in Pakistan, showcasing its capability to avert substantial economic losses through proactive disaster management.
Ping An P&C, as China's second-largest property and casualty insurer, underwrote 2,826 projects across 125 countries in 2024, with total coverage amounting to $264 billion. The company's integration of big data, cloud computing, and IoT into its insurance services represents a significant advancement in risk mitigation strategies, emphasizing a model of "insurance + technology + service" for comprehensive protection.
The "EagleX (Global Version)" platform not only provides governments, businesses, and individuals with predictive disaster risk assessments and alerts but also supports post-disaster claims verification, ensuring a robust response to the increasing frequency of extreme weather events worldwide.
