HONG KONG—Ping An Insurance (Group) Co. of China Ltd. is using a newly-launched fund to hunt for financial technology and health care-technology investments in the $10 million to $30 million range, a top executive said Friday.

The largest insurer in the world by market capitalization, Ping An will focus on strategic investments in “people we can learn from” with the potential for joint-venture and distribution agreements, Chief Innovation Officer Jonathan Larsen said at The Wall Street Journal’s D.Live Asia 2017 conference...