BUSINESS Chinese insurer Ping An tops global fintech patent list

BUSINESS

Chinese insurer Ping An tops global fintech patent list

China Daily

14:28, June 15, 2020

The logo of Ping An Insurance is seen at the Global Mobile Internet Conference (GMIC) at the National Convention Center in Beijing, April 27, 2018. (Photo:Agencies)

China's leading insurer Ping An took the top spot in the world in fintech patents by filling 1,604 patents last year, according to a report released by the World Intellectual Property Organization.

A total of 3,909 enterprises from 33 countries filed 14,706 fintech patents by the end of 2019, the report said. Alibaba filed 798 fintech patents, ranking second.

Among the top 100 list, 48 enterprises came from China, covering traditional finance, fintech, internet, e-commerce, technology, and telecommunications.

Ping An has become one bright spot on the ranking, with its subsidiaries accounting for half of the top 10.

Pingan Technology and Ping An's fintech arm OneConnect entered the top three, while Ping An Life Insurance, Ping An Property Insurance and Ping An HealthKonnect entered the top 10 ranking.

The number of fintech patent applications from traditional financial institutions came in at 18, the most, and the top three were Ping An Life Insurance, Bank of China and Ping An Property Insurance.

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