China, FinTech is the future according to an insurance company

Ping An Insurance, the second largest insurance company in China, considers FinTech a key sector for the growth of its future business.
Enoch Yiu on the South China Morning Post explains that in recent years the company has increasingly focused on its technology department, raising profits by nine times in the first half of 2018. In 2017, this sector only accounted for 1% of the total budget of the company, in 2018 the data is to 7%.
The insurance company is also engaged in the promotion of Smart City projects in China by investing in Artificial Intelligence and technologies to improve health care, education and traffic sectors.