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AXA, AXA Tianping, and PICC Strengthen Cooperation, MOU signed on "Green Action Global" project

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AXA, AXA Tianping, and PICC Strengthen Cooperation, MOU signed on "Green Action Global" project
Business

Business

AXA, AXA Tianping, and PICC Strengthen Cooperation, MOU signed on "Green Action Global" project

2025-01-10 12:07 Last Updated At:12:25

Collaborating to Drive Expansion in Hong Kong Auto Insurance Market

HONG KONG, Jan. 10, 2025 /PRNewswire/ -- On January 9, AXA Hong Kong and Macau ("AXA"), AXA Tianping P&C Insurance Co., Ltd. ("AXA Tianping"), and China People's Property and Casualty Insurance Co., Ltd. ("PICC Property and Casualty ") officially signed a Memorandum of Understanding (MOU) for the "Green Action Global" project. The three parties will leverage their respective market advantages to jointly promote the expansion of the auto insurance market in Hong Kong by sharing extensive channel resources, technical expertise, and successful experiences, while supporting the development of Chinese new energy vehicle insurance in Hong Kong.

Three parties collaborate to expand the auto insurance market in Hong Kong

In the presence of Yu Ze, Vice President of PICC Group and President of PICC Property and Casualty; Sally Wan, Chief Executive Officer of AXA Greater China; Kenneth Lai, Chief General Insurance Officer of  AXA Hong Kong and Macau; Kevin Chor, Chief Executive Officer of AXA Tianping P&C Insurance Co., Ltd.; Yao Rui, Deputy General Manager of Vehicle Insurance Department of PICC Property and Casualty; Billy Wong, Chief Underwriter Officer, General Insurance, of AXA Hong Kong and Macau; and Scott Yin, Chief Actuary and Chief Pricing Officer of AXA Tianping, as well as General Manager of the Shanghai Reinsurance Operations Centre signed an MOU. This partnership signifies that two leading insurance groups are committed to collaboratively fostering the sustainable development of the insurance industry. Their initiatives will include enhancing service networks and investing in the research and development of innovative products and technologies. Additionally, AXA will leverage its extensive distribution network to provide customers with diverse and comprehensive insurance solutions, while supporting mainland Chinese enterprises in expanding their businesses.

Kenneth Lai, Chief General Insurance Officer, AXA Hong Kong and Macau, said, "This collaboration fully demonstrates AXA's commitment to promoting green finance and sustainable development. We will leverage our global resources and professional expertise to support the development of related businesses in Hong Kong through our well-established distribution network. This partnership will enhance AXA's risk management capabilities for new energy vehicle insurance in Hong Kong. We look forward to deepening our connections with PICC Property and Casualty, building closer relationships, and jointly bolstering the sustainable development of the insurance industry."

Yu Ze, Vice President of PICC Group and the President of PICC Property and Casualty Company, said, "The signing of this MOU marks a significant milestone in our deep collaboration at the business level, as well as an innovative exploration of global insurance cooperation models. This carries profound significance and influence. Our collaboration will not only bolster the competitive edge of mainland China and Hong Kong insurance companies in the global market, but it also represents a crucial step in promoting the global layout of mainland China's automobile and supply chain industries. Furthermore, it will aid in the development of a high-quality framework for mainland China's insurance industry that embraces two-way opening up."

About AXA Hong Kong and Macau 

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 51 markets and serving 94 million customers worldwide. Our purpose is to act for human progress by protecting what matters. 

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers' needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles - as an investor, insurer and an exemplary company.

THIS PRESS RELEASE IS AVAILABLE ON AXA'S WEBSITE: AXA.COM.HK

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA's actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 - "Risk factors and risk management" of AXA's Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA's business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

AXA, AXA Tianping, and PICC Strengthen Cooperation, MOU signed on "Green Action Global" project

AXA, AXA Tianping, and PICC Strengthen Cooperation, MOU signed on "Green Action Global" project

Next Article

Smart, Sustainable, and Powerful: Anker Innovations Leads Charging Tech at CES 2025

2025-01-10 11:11 Last Updated At:11:35

Anker Innovations unveils its latest cutting-edge charging solutions, including 25,000mAh Anker Power Bank with built-in and retractable cables and the Anker 140W Charger featuring its first-ever digital display

MANILA, Philippines, Jan. 10, 2025 /PRNewswire/ -- Anker Innovations, a global leader in mobile charging and consumer electronics, recently unveiled its latest groundbreaking charging innovations at the Consumer Electronics Show (CES), held January 7-10 in Las Vegas.

The featured products highlighted innovative advancements across Anker's flagship brands, designed to enhance daily life and elevate everyday experiences. Among the featured products from Anker mobile charging and Anker SOLIX are the 25,000mAh Anker Power Bank, Anker 140W Charger, EverForest 2 Electric Cooler and Solar Umbrella, all set to launch in the Philippines in 2025.

The products mentioned above will soon be available across Southeast Asia as well. "As the world's No.1 mobile charging brand, we are grateful for the support of Southeast Asian consumers," said Leon Wu, Head of Anker Innovations Southeast Asia. "Our mission is to ignite possibilities through ultimate innovation, and we are committed to providing products that exceed consumer expectations in Southeast Asia."

As a global leader in fast-charging technologies, Anker Innovations continues to develop products that keep devices charged at home, in the office, and on the go. By combining Gallium Nitride (GaN) technology with proprietary features, Anker Innovations offers a safer, faster, and more sustainable charging experience, reinforcing its position as a front-runner in next-generation charging solutions.

Anker 25,000mAh Power Bank (165W, Built-In and Retractable Cables)
Small in size and packed with the latest PD 3.0 technology, Anker's fast-charging power bank delivers powerful performance.

Looking at Anker's 25,000mAh 165W compact power bank, it boasts an impressive 25,000mAh capacity. Equipped with three USB-C ports and one USB-A port, it is ideal for charging multiple devices on the go. It can charge a MacBook Air 13'(M3) 2024 1.3 times, an iPhone 16 up to 4.5 times, and boost a MacBook Pro 16" (M3) battery to 50% in just 33 minutes.

Notably, Anker's 25,000mAh 165W power bank is the world's first high-power power bank with retractable cables. It includes a 22cm cable and a 69cm retractable cable, this provides flexible charging options for users on the move while walking, sitting, or lying down.

With its smart TFT color screen and vibrant user interface, the power bank provides real-time data, including output power, device temperature, and estimated charging time. Users can pull the retractable cable to trigger screen animations featuring dynamic emojis, adding a new level of convenience and fun.

Anker 140W Charger featuring First-Ever Digital Display
Anker's charger breaks new ground as the first to feature a digital window display, bringing advanced functionality to the forefront. On this display, users can see the total power output and output for each port in real time, making it easy to track the accurate charging status.

Real-time temperature monitoring ensures device safety, while Anker's advanced Active Shield 2.0 technology enhances the safety and reliability with up to 3 million daily safety checks. Built with aerospace-grade GaN, the charger maximizes performance for faster and more efficient charging.

Additionally, the four-port charger (3 USB-C and 1 USB-A) boasts sleek aesthetics and wall mounting capabilities. Its vertically arranged ports prevent cables from slipping or falling out.

Anker Prime 250W GaN Desktop Charger (6 Ports)
The Anker Prime 250W GaN Desktop Charger is a powerful 6-port solution designed for modern multi-device users. With 4 USB-C ports and 2 USB-A ports, it offers up to 250W of total output, capable of charging multiple devices simultaneously, from smartphones to laptops. Its standout feature is the 140W max power delivery for MacBook Pro users, fully charging a 16" MacBook Pro in under two hours via PD3.1 technology.

A key feature is the 2.3" LCD display, which shows real-time power output for each port and can be turned off manually or automatically. The twist button control allows users to view port details, adjust priorities, and switch between power modes with ease. This GaN-based charger combines high power, compact design, and smart control, making it the ideal charging solution for professionals and tech enthusiasts alike.

Leading the Future of Charging Technology
As a global pioneer in charging technologies, Anker continues to push the boundaries of what's possible. In the CES® 2025 Innovation Awards program, several products from Anker Innovations were recognized, such as the Anker Prime Charging Docking Station (14-in-1, 160W) which won in the Computer Peripherals & Accessories category.

More importantly, these product innovations are designed with user insights in mind, transforming charging devices from cold hardware into interactive and connected ecosystems. Features like smart displays and UX-driven software bring a higher level of confidence and trust in charging speed, safety, and efficiency, solidifying Anker's status as a leader in next-generation charging technology.

Anker also announced plans to bring its Prime series—the most advanced multi-device fast charging lineup—along with its cutting-edge innovations to more users across Southeast Asia countries soon.

Stay tuned for more updates by following Anker Philippines on Instagram and Facebook.

About Anker
Anker is the world's #1 mobile charging brand and a developer of high-speed charging technologies for the home, car, and on the go. This includes wall plugs, wireless chargers, car chargers, power banks, cables, and more. Find out more about Anker at anker.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Smart, Sustainable, and Powerful: Anker Innovations Leads Charging Tech at CES 2025

Smart, Sustainable, and Powerful: Anker Innovations Leads Charging Tech at CES 2025

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