Ping An Rapidly Launches Overseas Emergency Assistance to Support Chinese Citizens Affected by Major Traffic Accident in the U.S.

Rhea-AI Summary

Ping An Insurance (PNGAY) has established the "502 Overseas Emergency Assistance Task Force" in response to a tragic traffic accident near Yellowstone National Park that resulted in 5 Chinese citizens' deaths and 8 injuries. The company activated a Level 2 emergency response protocol and assembled a high-level task force led by Co-CEO Michael Guo. Ping An has implemented seven key emergency assistance measures, including expedited claims processing, medical support, and advance compensation. The company is coordinating with the Chinese Embassy and San Francisco Consulate General to provide support to all affected individuals, regardless of customer status, through their emergency hotline 95511. As of May 3, no Ping An customers have been identified among the victims.

The comprehensive assistance package includes proactive claims services, medical support, emergency assistance, simplified death claims processes, and claims processing without policy documentation for affected individuals.

Positive

• Swift emergency response with dedicated high-level task force establishment
• Comprehensive seven-point emergency assistance program offered to all affected individuals, not just customers
• Demonstration of strong corporate social responsibility and crisis management capabilities
• Efficient coordination with Chinese diplomatic missions and local organizations

Negative

• Potential reputational and operational risks if emergency response falls short of expectations
• Possible financial impact from providing assistance to non-customers

HONG KONG and SHANGHAI, May 3, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318) has established the "502 Overseas Emergency Assistance Task Force" to coordinate emergency responses and assistance for Chinese citizens affected by the May 1 traffic accident near Yellowstone National Park in the US. Preliminary reports indicate that the collision between a pickup truck and a tourist van in Idaho resulted in the deaths of five Chinese citizens and injuries to eight more.

Following the incident, Ping An promptly activated its Level 2 emergency response protocol for major incidents. The Company task force is led by Co-CEO Michael Guo, and includes Board Secretary and Brand Director Richard Sheng, Chief Administrative Affairs Officer Zhiliang Wang, Ping An Life Chairman Zheng Yang, Ping An P&C Chairman Quan Long, Ping An Health Insurance Chairman Yougang Zhu, Ping An Finserve Chairman Yue Lu, and Ping An Pension Insurance Corp. Chairman Weimin Gan.

Under the guidance of the "502 Emergency Assistance Task Force," Ping An's business units — including life insurance, P&C, pension insurance, and health insurance — have established specialized emergency response teams. These teams are working closely with local medical institutions, rescue organizations, and insurance companies to provide seven key overseas emergency assistance measures, including advance claims processing, direct compensation, emergency aid, and medical support for eligible clients.

Ping An is liaising with the Chinese Embassy in the US and the Consulate General in San Francisco. Under the direction of the Ministry of Foreign Affairs of China, the Chinese Embassy, and the San Francisco Consulate General, Ping An will collaborate with relevant overseas aid and medical organizations to assist injured individuals and the families of the deceased. Additionally, Ping An has launched a special overseas emergency assistance program, offering help to anyone affected by the accident, regardless of whether they are Ping An customers. Individuals can call the emergency hotline 95511 for assistance. As of 3 p.m. Beijing time on May 3, Ping An has not identified any of its customers as being involved in the accident.

The Company will closely monitor the progress of emergency response efforts related to this accident, continue screening customer involvement, mobilize resources to support medical treatment for the injured, and ensure the implementation of all overseas emergency services, expedited claims processing, and customer care initiatives. Ping An is committed to doing everything possible to help affected customers and their families navigate this difficult time.

Below are seven key overseas emergency assistance measures:

1. Proactive claims service: Actively identify customers that may be affected and reach out to provide claims services.
   
   
2. Expedited claims processing: Dedicated 24/7 reporting hotline via 95511, with overseas access available at +86 755 95511.
   
   
3. Medical support: Provide services such as emergency medical care, medical transportation, repatriation, hospitalization, advance payment, medical translation, urgent medication delivery, and medical equipment support.
   
   
4. Emergency assistance: Offer services including repatriation of remains/ashes, local burial/funeral expenses, arrangements for relatives to handle posthumous matters, repatriation of minor children, family visits, and accommodation for recovery.
   
   
5. Simplified accidental death claims process: For customers who suffered accidental death in this incident, beneficiaries can apply for death claims based on official government-confirmed death lists. Supporting documents such as death certificates, cremation certificates, and household deregistration certificates can be provided later.
   
   
6. Advance compensation for confirmed deaths: Proactively issue advance compensation for confirmed death cases.
   
   
7. Claims without policy documentation: For affected customers, if the applicant's basic policy information matches the insurance company's database, claims can be processed without requiring physical policy documentation.

About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its 242 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29^th in the Forbes Global 2000 list in 2024 and 53^rd in the Fortune Global 500 list in 2024. 

For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.

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SOURCE Ping An Insurance (Group) Company of China, Ltd.

FAQ

What emergency measures has Ping An (PNGAY) implemented for the Yellowstone area accident victims?

Ping An has implemented seven key measures including proactive claims service, expedited processing, medical support, emergency assistance, simplified death claims, advance compensation, and claims without policy documentation. Support is available through their 95511 hotline.

How many casualties were reported in the Ping An (PNGAY) assisted US traffic accident?

The accident near Yellowstone National Park resulted in 5 Chinese citizens' deaths and 8 injuries. As of May 3, no Ping An customers were identified among the victims.

Who is leading Ping An's emergency response task force for the US accident?

The '502 Overseas Emergency Assistance Task Force' is led by Ping An's Co-CEO Michael Guo, along with other senior executives including board members and chairmen of various business units.

Does Ping An (PNGAY) provide assistance to non-customers in the US accident?

Yes, Ping An has launched a special overseas emergency assistance program offering help to anyone affected by the accident, regardless of whether they are Ping An customers, through their emergency hotline 95511.