OneConnect Showcases at 2024 East Asian Insurance Congress, Driving Innovation in the Greater Bay Area’s Insurance Indus
OneConnect recently participated in the 2024 East Asian Insurance Congress (EAIC) held in Hong Kong. Since its inception in 1962, EAIC has become one of the largest insurance industry events in the Asia-Pacific region. It draws global leaders from insurance and finance to explore the profound impacts of digital transformation and innovation on the industry’s future. Representing OneConnect at the event were Chief Technology Officer Li Jie and Zhu Ping, Head of Strategy for the Overseas Digital Insurance Division, who shared the company’s cutting-edge practices and innovations in insurtech.
As a key part of the conference, OneConnect was invited to join the panel discussion titled “Greater Bay Area: A Catalyst for Growth and Innovation in the Insurance Industry.” Alongside Deloitte, Chubb, and Alibaba representatives, OneConnect discussed the tremendous opportunities the Greater Bay Area (GBA) offers for the insurance and fintech sectors. Known for its high transaction volume and complex market structure, the GBA, backed by favorable policies and strategic geographic advantages, has emerged as a global hub for insurance innovation and growth.
During the discussion, Zhu Ping highlighted OneConnect’s technological applications and success stories within the GBA’s insurance ecosystem. She emphasized that the region’s unique policy environment and strategic location position it as a global innovation center for the insurance industry. Fintech has played a pivotal role in driving the digital transformation of the GBA’s insurance ecosystem, particularly in cross-border financial services and intelligent risk management. Through technological innovation, OneConnect has provided insurers with more efficient and precise solutions.
Zhu also underscored the importance of building robust retirement and health ecosystems. She pointed out that with the growing challenges of an aging population, integrating healthcare and retirement services is critical to addressing the needs of older demographics. By enhancing the accessibility and efficiency of medical and eldercare services through technology, OneConnect is helping to improve overall community well-being and quality of life.
“The Greater Bay Area is at the forefront of innovation in the insurance sector, and advancements in technology have opened unprecedented opportunities for the industry,” Zhu concluded. “OneConnect remains committed to empowering the long-term growth and innovation of the GBA’s insurance industry through technological enablement.”
Looking ahead, OneConnect will continue to uphold its mission of “Technology and Expertise Creating Value,” striving to explore cutting-edge developments in the insurance industry. The company aims to deepen its collaborations with regional partners and drive the insurance sector’s robust growth in the era of digital transformation. Leveraging its technological strengths, OneConnect remains dedicated to fueling innovation and growth across the global insurance industry.