CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
‘Ping An Insurance’ has emerged as the world’s most valuable insurance brand in Brand Finance Insurance 100 report for 2021. The company belongs to which country?
A
France
B
Italy
C
China
D
Japan
Explanation: 

Detailed explanation-1: -HONG KONG and SHANGHAI, Feb. 2, 2023 /PRNewswire/ – Ping An Insurance (Group) Company of China, Ltd. ("Ping An” or the “Group", HKEx:2318; SSE:601318) announced that Ping An has been ranked the World’s Most Valuable Insurance Brand for the seventh year in a row by leading brand valuation consultancy Brand Finance.

Detailed explanation-2: -Chinese firm ‘Ping An Insurance’ emerged as the world’s most valuable insurance brand, despite recording a 26 per cent drop in brand value in 2021 over the previous year. In the strongest insurance brands category, Italy’s Poste Italiane was at the top position, followed by Mapfre of the US and LIC of India.

Detailed explanation-3: -About Ping An Ping An Insurance (Group) Company of China, Ltd. is one of the largest financial services firms globally, catering to more than 220 million clients and nearly 611 million online users. As of April 2022, the firm employs over 362, 000 staff worldwide.

Detailed explanation-4: -In 2022, Ping An has been named the World’s Most Valuable Insurance Brand for the sixth year in a row by Brand Finance and has become the largest insurance company worldwide by total assets.

There is 1 question to complete.