Ping An Insurance Group Co. of China’s co-CEO, Michael Guo, has highlighted the significant business opportunities presented by China’s aging population, citing the low awareness of financial planning for senior care and the fragmented nature of senior care services in the market. Guo emphasized the need for an “integrated finance + health and senior care” system, which includes professional financial advisory, family doctor, and senior care concierge services. He also noted that China’s senior care and healthcare services sector faces significant challenges, including fragmented services, inconsistent quality, and a lack of unified standards and monitoring systems. Ping An is leveraging technology, including artificial intelligence, to improve senior care and create tailored products that address the specific needs of seniors at different life stages.
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