Ping An Property & Casualty (P&C), part of Ping An Insurance Group of China, has joined forces with FAW Hongqi Auto Sales to introduce an insurance service for intelligent driving.
This collaboration aims to provide travel protection for drivers and enhance the intelligent vehicle industry.
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Ping An P&C utilises intelligent connected vehicle (ICV) data to analyse risks in various scenarios in collaboration with automakers.
The company has now unveiled what it claims is the “industry’s first full-scenario solution” for intelligent driving.
The service encompasses protection for intelligent driving liability, addressing eight common scenarios in intelligent driving assistance.
These are automated parking; enhanced urban traffic lane cruise control; highway navigation; highway traffic lane cruise control; remote control parking; urban navigation; urban traffic vehicle lane cruise control; and valet parking.
This initiative represents the first intelligent driving protection service launched by Ping An P&C in partnership with FAW Hongqi.
The two companies are jointly exploring insurance models for intelligent driving.
These include establishing a risk database, optimising service processes and enhancing protection solutions to deliver risk coverage for users.
Ping An P&C can customise compensation plans for losses incurred due to power battery failure in FAW Hongqi’s Hongqi Tiangong 08 all-electric SUV, which can be triggered by low temperatures.
The plan also covers the cost of a replacement vehicle during the repair period.
Ping An P&C also teamed up with Seres Automobile in November 2024 to offer a customised intelligent driving protection service. This encompasses protection needs in various scenarios including automated parking and driving.
Earlier this month, Ping An Group initiated its 2025 Spring Campus Recruitment, offering more than 2,000 positions.
This recruitment drive is powered by the Ping An Talent system, an in-house platform that integrates AI for job matching, interviews and salary negotiations.
