Exclusive: Chinese Insurer PICC Set to Promote Tech Head to Vice President, Sources Say

What’s new: The People’s Insurance Co. (Group) of China Ltd. (PICC) (601319.SH) is set to promote its head of technology, Zhang Jinhai, to vice president, sources with knowledge of the matter told Caixin.

Zhang is chief of the state-owned insurer’s technology operations department and president of PICC Information Technology Co. Ltd., a wholly owned subsidiary established in January. The new company develops artificial intelligence-based software and Internet of Things services.