No, ZhongAn Insurance and Ping An Insurance are two different companies.
1. Different establishment times
Zhongan Insurance received approval from the China Insurance Regulatory Commission to open for business on September 29, 2013; China Ping An Insurance (Group) Co., Ltd. was born in 1988 Shekou, Shenzhen.
2. Different business scopes
Zhongan Insurance’s business scope is: corporate household property insurance, freight insurance, liability insurance, credit guarantee insurance, short-term health insurance directly related to Internet transactions Accident insurance; motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance and motor vehicle commercial insurance; reinsurance ceded business and reinsurance incoming business of the above businesses.
Ping An Insurance’s business scope is: investing in insurance companies; supervising and managing various domestic and international businesses of holding investment companies; carrying out insurance fund utilization business; carrying out domestic and international insurance business with approval; Other businesses approved by the Management Committee and relevant state departments.
3. Different company sizes and influences
Zhongan Insurance’s business process is entirely online. It does not have any branches nationwide and provides underwriting and claims services entirely through the Internet. As of the end of April 2015, ZhongAn Insurance had served more than 250 million customers and more than 1.6 billion insurance policies.
In June 2017, the "BrandZ Top 100 Most Valuable Global Brands 2017" was announced, and Ping An of China ranked 61st; on July 31, the Fortune China 500 list was released, and Ping An of China ranked 61st. Insurance (Group) Co., Ltd. ranked fifth. In September 2018, Ping An Insurance (Group) Co., Ltd. of China ranked sixth among the top 500 Chinese companies in 2017, rising two places from 2017. Ranked 29th on the Fortune Global 500 list in 2018.
In December 2018, the "Top 500 World Brands 2018" compiled by the World Brand Laboratory was announced, and China's Ping An ranked 179th.
Baidu Encyclopedia-Zhongan Online Property Insurance Co., Ltd.
Baidu Encyclopedia-China Ping An Insurance (Group) Co., Ltd.