AXA Hong Kong and Macau ("AXA") announces a strategic partnership with Ant Bank (Hong Kong) ("Ant Bank") and AlipayHK to provide a broader range of customers with all-round wealth management products and services while ensuring a simpler, smoother, and more secure insurance application experience.
Sally Wan, chief executive officer at AXA Greater China, feels honoured to join the partnership and looks forward "to further deepening the integration of our services with Ant Bank and AlipayHK, strengthening the insurance ecosystem, and jointly expanding our long-term business and customer network."
All-round wealth management
This partnership entails utilising AXA's insurance portfolio and Ant Bank and AlipayHK's "E-wallet X Digital Bank" model to deliver embedded insurance products and services.
In the first phase, AXA's flagship life and savings products will be introduced on Ant Bank and its Mini App in the AlipayHK App. AXA will gradually integrate additional insurance product categories within the year.
Commenting on the partnership, Yvonne Leung, chief executive of Ant Bank (Hong Kong), said, "As a leading digital bank in Hong Kong, we are committed to driving innovation in financial services through technology. "
"AlipayHK serves every aspect of Hong Kong people's lives, and it has become a trend for Hong Kong people to access financial services through the Super App. Financial institutions can leverage the platform technology provided by AlipayHK to deliver new experiences to users, making wealth management and insurance services more user-friendly and simpler. We focus on 'Tech' to empower financial institutions in excelling at 'Fin'," Venetia Lee, chief executive officer of AlipayHK, said,
