Montreal, Quebec--(Newsfile Corp. - October 29, 2021) - Peak Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today announced that it has signed a collaborative agreement with Ping An Insurance ("Ping An") to distribute insurance products aimed at the auto industry through the Company's Heartbeat insurance brokerage platform.
Ping An (https://group.pingan.com/) is not only China's largest insurance company, but it's also the largest insurer in the entire Asia-Pacific region. In addition to insurance, Ping An offers a variety of financial services, including banking and asset management, and has been a pioneer in the development of smart cities across China. All of this has led to Ping An being consistently ranked as the world's top insurance brand year after year.
With the world's largest population, it's no surprise that China also counts the world's largest fleet of cars with an estimated 297 million on the roads in 2021. This naturally makes the Chinese auto insurance market one of the largest in the world, and one in which Ping An plays a dominant role. With today's announced collaborative agreement, Ping An will leverage Peak's Heartbeat insurance platform, which is connected to over 300 car dealerships throughout China, to offer insurance policies specifically designed for the auto industry.
https://www.newsfilecorp.com/release/101262