As the autumn breeze stirs gently , we are once again honored to witness a historic moment in the opening-up of the financial industry.
At the main forum of the 2024 Shanghai International Reinsurance Conference, AXA Tianping’s Shanghai Reinsurance Operations Center completed the first full-process reinsurance transaction on the Shanghai International Reinsurance Registration and Trading Center. This accomplishment not only garnered the 2024 annual typical case award of the Lingang New Area International Reinsurance Functional Zone but also received recognition as the first transaction award, which marked the full realization of registration, trading, clearing, and settlement —- another significant achievement of Lingang New Area in the realm of cross-border financial services carrying far – reaching industry impact. I am thrilled to share this milestone and honor with everyone of you, and to reflect on its profound significance for the future growth of our company.
From September 24th to 26th, I had the honor of representing AXA to attend the“2024 Well-known Chinese and Foreign Enterprises’Visit to Sichuan”event, engaging in in-depth discussions with the leaders of the Sichuan Provincial Government and various community representatives. Together, we explored AXA’s history and future ambitions in Sichuan, where we have proudly supported local development since 2006. Drawing on the Group’s expertise and strengths, AXA remains dedicated to seizing opportunities to contribute to Sichuan’s growth.
In addition to our business endeavors, we have prioritized community services in this region as well. Since 2022, we have undertaken a series of corporate philanthropy projects in Sichuan, including biog as projects as well as initiatives that aid vulnerable children in difficulty. Most recently, in October this year, we collaborated with six distribution partners including Fanhua, Heli, Juntian, Liming, Mingya, and Zhiyuan, to visit Liangshan where we have raised charitable donations to install water purification equipment to the center school of Naituo town, which embodies the collective care and commitment of AXA Tianping and its business parnters.
From setting a benchmark for the industry’s openness and reform to advancing sustainable development that benefits the society, AXA Tianping is dedicated to fostering social stability and driving economic growth, embodying corporate responsibility. Our story continues, with this recognition as a starting point. Together, we will relentlessly pursue excellence and create a brighter future.
To deepen and expand exchanges and cooperation between Sichuan and well-known enterprises from home and abroad for shared opportunities and victory, the “20242024 Well-known Chinese and Foreign Enterprises’Visit to Sichuan ” was held in Chengdu from September 24 to 26. The event was hosted by the People’s Government of Sichuan Province and jointly organized by the Sichuan Provincial Department of Economic Cooperation and Development, the Sichuan Provincial Development and Reform Commission, and other relevant departments. Wang Xiaohui, Secretary of the Sichuan Provincial Party Committee and Director of the Standing Committee of the Sichuan Provincial People’s Congress, attended the event and delivered a speech. Kevin Chor, CEO of AXA Tianping, was invited to attend the“Roundtable Discussion on Cooperation and Development of Well-known Foreign Enterprises” and delivered a speech as a representative of foreign-funded enterprises, discussing cooperation and development with leaders of the Sichuan Provincial Party Committee and the provincial government and other distinguished guests.
The speech started with the introduction of AXA’s history in Sichuan. Since 2006, AXA has established a branch in Sichuan, a direct sales center in Chengdu, a call center in Chengdu, and an operation center in Chengdu. Sichuan has become the operation center and an important strategic fulcrum for AXA’s development in China. As a responsible foreign-funded insurance company, AXA recognizes the importance of social responsibilities as well.Since 2022, AXA Tianping has implemented corporate philanthropy projects in Sichuan for three consecutive years, including biog as projects, donations to underprivileged children, and the establish men of water purification equipment in schools. We have actively called on employees, distribution partners, and customers to participate, raising more than 300,000 yuan in donations and conducting nearly 100 field visits.
AXA has high expectations for the development of Sichuan and its surrounding southwest market. While consolidating the motor insurance business, we will continue to increase investment in health insurance, travel insurance, and commercial insurance. We hope to fully grasp the development opportunities brought by the rapid population growth, increasing disposable income, aggregation of high-quality medical resources, and strong policy support in Sichuan. We will continuously expand the breadth and depth of health insurance products, leverage the abundant tourism resources in Sichuan, exert our professional advantages in insurance protection and risk management, improve the overall risk resistance of the industry, optimize tourists’ experience, and promote the prosperity and development of the industry. As the world’s largest commercial insurer, AXA will actively serve the Belt and Road Initiative, in line with Sichuan’s positioning as a western international gateway hub and an inland open highland, to provide insurance solutions and protection for Sichuan enterprises’ overseas expansion.
During the roundtable discussion, Mr. Kevin Chor also expressed the hope of getting support from the government in asset revitalization, talent introduction, and policy preferential treatment. He stated that AXA is willing to act as a bridge, providing insurance solutions for Sichuan enterprises going global to help them achieve greater success in the global market. On the other hand, we are happy to connect Sichuan with global resources to expand Sichuan’s “foreign investment circle.”
After the successful conclusion of the roundtable discussion on the 25th, Mr. Kevin Chor and Ms. Dai Siyuan, General Manager of the CEO Office and Chief Transformation Officer, visited the Chengdu Direct Sales Online Center and the Electronic Service Center. Mr. Kevin Chor fully affirmed the excellent execution and performance of the center’s sales team in the face of complex, volatile, and intense market competition. He also participated in the front line customer service through online listening to get the firsthand experience. He praised everyone’s achievements in consumer protection work through active and bold attempts while stabilizing sales performance. He encouraged everyone to be innovative, continue to strive, maintain a high spirit in the fourth quarter, win the final battle of the year, and create more value for the company.
In line with the theme “Financial Services for the People: Promoting New Progress and Protecting Rights and Interests” initiated by the National Financial Regulatory Administration NFRA, AXA Tianping actively promoted a series of financial knowledge education campaigns in multiple regions, aiming to bring financial knowledge closer to the public.
Shanghai Branch: Financial Knowledge Reaches Taxi Drivers and New Urban Residents
On September 24, AXA Tianping collaborated with Qiangsheng Yin Xin Automobile Sales Service Co., Ltd., a subsidiary of Qiangsheng Transportation, to create a “Financial Knowledge Education Base”. This base provides a convenient platform for taxi drivers and new urban residents to learn financial knowledge, helping them enhance their financial literacy and risk prevention awareness. Through financial knowledge lectures, AXA Tianping presents important topics such as insurance basics, motor insurance knowledge, financial fraud prevention, and personal information security.
Guangxi Branch: “CPC Building + Consumer Protection” Drives Rural Revitalization
Actively responding to the national rural revitalization strategy, the branch has established a “Financial Consumer Protection Propaganda Pilot Point” in rural areas. Members of the propaganda team patiently explain insurance knowledge to villagers, helping them understand the importance of insurance in their lives. Additionally, they donate supplies to express their care for rural residents. Through Party building leadership, the branch integrates financial consumer rights and interests protection into rural revitalization efforts, contributes to rural economic development, and spreads positive financial energy.
AXA Tianping: Serving the Public and Giving Back to Society, Paving the Way for Financial Knowledge Education
AXA Tianping always adheres to the concept of serving the public and giving back to society, actively promoting financial knowledge education, and helping to improve the overall financial literacy of society. In the future, AXA Tianping will continue to expand the breadth and depth of financial knowledge education, create distinctive services and cross-border cooperation models for consumer protection and financial education, promote “direct financial education to the grassroots,” and contribute to creating a safe and stable financial environment.
在10月18-19日举行的DAMA中国数据管理峰会上，安盛天平凭借“数据领航，治理创新：Data Open Day打造数据文化新生态”项目，荣获“数据治理创新奖”。该项目通过四年的深耕，推动了数据治理创新与数字化转型，致力于培育数据文化，提升员工数据意识。从“数据好玩”出发，逐步实现“数据好用”至“数据变现”，通过文化影响，为公司注入“数据基因”。Data Open Day在形式、内容、渠道上均实现了突破，不仅追求数据与业务融合，更通过内外渠道的宣贯，让数据理念深入人心，最终实现了数据文化在安盛天平的潜移默化，获得了评委专家的高度认可。
AXA Tianping has recently achieved two significant milestones in the fields of data governance and digital transformation: winning the 2024 DAMA China Data Governance Innovation Award and actively participating in the AXA Software Engineering Summit, engaging with global technology leaders to discuss cutting-edge technologies and contributing to the advancement of digital transformation and industry development.
At the DAMA China Data Management Summit held on October 18-19, AXA Tianping was awarded the “Data Governance Innovation Award” for its “Data Navigation, Governance Innovation: Data Open Day Creating a New Data Culture Ecosystem” project. This four-year project has driven innovation in data governance and digital transformation, focusing on cultivating a data culture and enhancing employees’ data awareness. Starting from the concept of “fun with data,” it has gradually achieved “useful data” and “monetizing data,” infusing the company with a “data gene” through cultural influence. The Data Open Day initiative has made breakthroughs in format, content, and channels, not only pursuing data and business integration but also promoting data concepts through internal and external channels, ultimately achieving a subtle transformation of data culture at AXA Tianping and receiving high recognition from the judges.
From September 24 to 25, the Operations Department of AXA Tianping was invited to participate in the two-day AXA Software Engineering Summit Asia venue. This summit brought together nearly 100 technology elites from 13 entities under the AXA Group, discussing more than 20 cutting-edge topics covering GenAI technology, technical practices, new product development, and methodology innovation. AXA Tianping engineers actively participated in the discussions and presented two exciting topics: “The Journey of AXA Tianping’s Product Factory Transformation” and “Python Programming: More Than Just Data Analysis.”
This presentation detailed the independently developed, fully proprietary Product Factory system, demonstrating the close collaboration between business and IT departments and effectively improving product delivery speed. The technical experts in attendance engaged in in-depth discussions on intellectual property, business promotion, and system benefits. In the “Python Programming: More Than Just Data Analysis” topic, our engineers shared their experience using Python programming language to build data models and collaborate with leading internet companies like Alipay to accurately segment customers, improve customer quality, and enhance sales efficiency.
AXA Tianping hasgained insights into the latest technology trends, such as the exploration of GenAI application scenarios by AXA subsidiaries, whilelearning from excellent technical practices, including DevOps automation in Japan, FinOps theory from IBM, and RAG design by Databricks. Additionally, AXA Tianping connected with like-minded peers and gained a deeper understanding of system development in other AXA subsidiaries, laying a solid foundation for future cooperation and exchange.
AXA Tianping will continue to be guided by data governance and leverage technology as a backbone of innovation,leading the innovative application of data and actively participating in technical exchanges and cooperation within the AXA Group. The company will continuously enhance its technical capabilities and innovation capabilities, contributing to the advancement of digital transformation and industry development.
With the continuous growth of China’s economy and the gradual opening of the financial market, the Chinese insurance market undoubtedly presents immense opportunities and challenges. As a leading global insurance group, AXA has been committed to deepening its presence in China and actively exploring collaboration opportunities with the government, enterprises, and channel partners.
On October 14, 2024, Mr. Zhu Jiang, Deputy Director of the Shenzhen Municipal Financial Office and Deputy Director of the Shenzhen Local Financial Regulatory Bureau, and Ms. Yuan Ying, Deputy District Mayor of Futian District, led a delegation to visit the AXA Greater China headquarters in Hong Kong for a meeting. Ms. Jenny Yin, Chief Executive Officer of AXA Greater China, warmly welcomed the delegation and was accompanied by Ms. Siyuan Dai, General Manager of the CEO Office and Chief Transformation Officer of AXA Tianping
This meeting reflected the Shenzhen municipal government’s high regard for AXA Group’s business operations and development in China, especially in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Mr. Zhu expressed that Shenzhen, as a frontier of reform and opening-up, is dedicated to building a global financial center and warmly welcomes AXA Group’s participation. He also mentioned that Shenzhen, as an important export base and foreign investment window, has a strong demand for insurance services. He hopes that AXA Group can actively participate in the financial innovation and insurance industry development in Shenzhen, contributing to the construction of the GBA area.
Ms. Yuan provided a detailed introduction to the advantages of investment promotion in Futian District – as the central urban district and financial center of Shenzhen, Futian District boasts a favorable financial ecological environment and policy advantages. She welcomed AXA Group to carry out new energy vehicle insurance research and development business in Futian and explore cooperation in health insurance, medical services, and elderly care sectors.
AXA remains confident in the development of the Chinese market and the GBA area, demonstrating a firm strategic resolve. Ms. Yin stated that the integration process of the GBA provides valuable development opportunities for financial institutions, including AXA. AXA Group will leverage its professional advantages in risk management to actively participate in the construction of the GBA area and serve the growing insurance protection needs of the local population.
She also expressed her deep impression of the pilot demonstration and policy advantages of the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone. AXA will continue to study and strengthen communication and interaction to explore convenient and efficient cross-border linkage models to better support the development of its GBA business.
The meeting resulted in multiple consensus on the strategic layout and industry development of the GBA in the future, laying a solid foundation for future cooperation. With AXA Group’s global perspective and professional strength, combined with Shenzhen’s geographical advantages and policy support, the two parties are expected to deepen cooperation in areas such as cross-border reinsurance, catastrophe risk management, elderly health insurance, and green insurance, jointly promoting the healthy development of China’s insurance industry and contributing to the construction of the GBA.
AXA Tianping’s Vice President and Chief Distribution & Sales Officer, Mr. Zhou Liancheng, Attends the “2024 China-ASEAN Expo Insurance Cooperation and Development Forum”
On September 25, 2024, the China-ASEAN Insurance Cooperation and Development Forum was held in Nanning, Guangxi. Mr. Zhou Liancheng, Vice President and Chief Distribution & Sales Officer, AXA Tianping, was invited to attend the event.
The forum was jointly organized by the National Financial Regulatory Administration and the People’s Government of Guangxi Zhuang Autonomous Region, with the theme of “Openness, Cooperation, Integration, and Common Prosperity of the China-ASEAN Insurance Market.” Attendees included representatives from relevant departments of the National Financial Regulatory Administration, renowned scholars, the China Insurance Association， the China Insurance Institute, and insurance companies from China and abroad, totaling more than 200 people.
During the forum, Mr. Zhou delivered a speech titled “AXA’s Outlook on China-ASEAN Insurance Cooperation: Building Risk Defenses Together, Creating a Prosperous Future Together,” introducing AXA Group’s global advantages and localization development strategy. As a global leader in insurance, AXA has a comprehensive global strategy and layout, particularly in China and ASEAN countries with active economic growth, which are considered important business growth poles for the Group. AXA deeply understands the cultures, laws, and market environments of ASEAN countries, develops products and services suitable for local markets, and works closely with local partners to provide leading global risk management and financial support to more customers at any time.
With the increasing income levels of people in China and ASEAN regions and their growing emphasis on insurance, the insurance market will maintain vibrant vitality and broad development space, presenting a huge market opportunity for the insurance industry, including AXA. Looking forward, AXA will further strengthen cooperation with enterprises in China and ASEAN countries, utilize big data, artificial intelligence, and other technologies to enhance risk management and service levels, respond to global challenges, and promote the common prosperity of the China-ASEAN insurance market. At the same time, AXA will seize the historical opportunity of the “New Ten Measures for High-quality Development of the Insurance Industry” and contribute to promoting the high-quality development of the insurance market with AXA’s strength. Mr. Zhou’s speech was unanimously recognized by the leaders present.
After the forum, Mr. Zhou had in-depth discussions with the regulatory leaders and insurance group representatives who attended the event regarding ASEAN development and cooperation, enhancing mutual understanding and trust and laying a solid foundation for future cooperation.
25 employees from headquarters and branches have stood out at the end of the AXA Star Nomination, being awarded for embedding AXA values throughout their daily work. A special column has been created for us to know them better.
This month, we are delighted to introduce the Integrity Star—Xu Huaifu, Assistant Manager of the Claims Customer Service Department at AXA Liao City Branch; the Transformation Star—Bai Dan, Business Analyst at the Sales Management Department of the Direct Online Center; and the Customer Star—Kuang Dingzheng, Telesales Operator at the Direct Online Center Sales Department 3.
Xu Huaifu currently serves as the Assistant Manager of the Claims Customer Service Department at AXA Liao City Branch. Having joined the company in June 2013, he has dedicated over a decade of service. Starting from the field investigation work, he has gradually grown into an expert in handling major cases and now holds a management position. In his claims management role, he consistently adheres to his principle of integrity, holding both the team and individuals to high standards and firmly rejecting any form of misconduct, such as accepting bribes or engaging in improper practices, to ensure compliance with company regulations and personal conscience.
As a leader, he believes that leading by example is the best way to maintain the purity of the team and he practices this principle himself – being an upright and pure person, fulfilling his duties diligently in the claims position.
In 2023, Xu Huaifu led the AXA Liao City Branch Claims team to achieve remarkable results:
Ranked first in the branch for overall claims performance
Achieved a comprehensive loss reduction rate of 27%, ranking first in the branch
Achieved a motor insurance anti-fraud loss reduction rate of 8.1%, ranking second in the branch
Achieved a non-motor insurance anti-fraud loss reduction rate of 29.2%, ranking third in the branch
Achieved a human injury and disability reduction rate of 15.17%, ranking second in the branch.
Q1: How does it feel to be awarded AXA Star?
Receiving the title of Integrity Star fills me with great joy, happiness, and excitement. At the same time, I am also deeply grateful: to the company for providing an excellent platform with a strong corporate culture and working environment; to the leaders at all levels for their cultivation and care; and to my colleagues for their hard work and dedication. This award is the result of our collective efforts.
Q2: What are your habits to keep confident, healthy and positive?
In the morning, I like to go for a run around the park. A strong body is the foundation for our hard work. During weekends, I sometimes go hiking or travel to appreciate the beautiful scenery of our country, relax my mind, and recharge my spirits.
Q3: Please share with us a book, a movie or a theatre piece.
I am currently reading “A Sentence is Worth Ten Thousand” by Liu Zhenyun. This book vividly portrays the complexities of human relationships, gratitude and resentment, and ethics and emotions, allowing readers to glimpse the breadth and depth of a century-long life. A sentence, sometimes, can be worth ten thousand words. It can convey emotions, build connections, and also cause conflicts and misunderstandings. This book has made me realize the importance of choosing words carefully, respecting others’ feelings, and how to listen and understand others in order to establish good interpersonal relationships.
Bai Dan currently serves as a Business Analyst at the Sales Management Department of the Direct Online Center. In 2023, facing intense competition in the motor insurance market, the new energy vehicle project became a key focus of business development strategy. As a core member of the new energy vehicle project operation special tracking team, Bai Dan not only provided operational data tracking for new energy vehicle insurance and non-motor insurance but also deeply analyzed the differences in customer profiles and product features between new energy vehicles and fuel vehicles. She continuously improved and optimized the analysis system, providing solid analytical support for operational decision-making. Additionally, she established an evaluation system for various projects within the center, assessing project vitality from multiple dimensions including scientificity, health, and sustainable development. This helped the sales team and the center enhance their transformation capabilities and promote the shift towards a refined and data-driven business model.
Q1: How does it feel to be awarded AXA Star?
I feel very honored to receive the Transformation Star award. My growth is inseparable from the careful guidance of my leaders and the support of my colleagues. This is an honor for the team, and I am just fortunate enough to be recognized. While feeling a sense of responsibility and motivation, this award inspires me to continue shining and contributing in my future work. A spark can start a prairie fire.
Q2: What are your habits to keep confident, healthy and positive?
In my spare time, I enjoy baking, sewing, traveling, and stream fishing. I am also a handcrafting blogger. The meaning of handicraft lies in thinking and creation, and it brings unparalleled a sense of achievement. Outdoor activities are a process of discovery and exploration, and nature itself is an enormous encyclopedia.
Q3: Please share with us a book, a movie or a theatre piece.
I am currently reading “My Altay” by Li Juan. The writing is sincere and the emotions are rich, vividly depicting the customs and people of the Altay region in Xinjiang with a lifelike touch. The seemingly ordinary and trivial life in the desolate Gobi Desert immerses readers and brings a sense of calm and even awe to the heart.
Kuang Dingzheng currently serves as a Telesales Operator at the Direct Online Center Sales Department 3. Having worked at the company for five years, he has always been dedicated to the front line of OB business. Upholding the business philosophy of “Customer First, Sincerity and Dedication, and Learning from Experience,” he provides sincere, enthusiastic, and professional service to every customer. Over the past five years, Kuang Dingzheng has closely followed the company’s development strategy and designed diversified product portfolio solutions for customers to ensure that their insurance protection meets their needs more closely.
In 2023, Kuang Dingzheng achieved remarkable results and made significant contributions:
Signed premium of 2.3 million RMB across all insurance products, with a retail customer conversion rate of 93.26% and a health insurance customer conversion rate of 68.35%.
In June 2023: Ranked first in motor insurance performance at the Direct Online Center with a signed premium of 203,400 RMB.
In November 2023: Ranked first in motor insurance performance with a signed premium of 257,700 RMB and 83 OB transaction items, ranking third in OB transaction volume.
In non-motor insurance performance: Ranked first with a signed premium of 35,600 RMB.
Q1: How does it feel to be awarded AXA Star?
I am very honored to be awarded the AXA Star this year and am very grateful for the company’s recognition! I would also like to thank my colleagues and leaders who have helped me along the way. I have grown a lot since joining the AXA family and understand that every task requires a down-to-earth approach, not just daydreaming or grandstanding, but actually doing the work with a practical attitude! I hope everyone can achieve their goals and sincerely wish AXA a better future!
Q2: What are your habits to keep confident, healthy and positive?
When I have time, I like to take a walk outside, bask in the sun, relax, and enjoy watching some old movies, such as “The Condor Heroes” starring Huang Rihua and “My Own Swordsman.” These movies keep me in a relaxed and pleasant mood.
Q3: Please share with us a book, a movie or a theatre piece.
At the beginning of the year, I watched the movie “Year-End Party Must Go On.” Directed by Da Peng, this film received high praise and exceeded my expectations. It is not a vulgar comedy but a movie with profound connotations that realistically portrays the workplace situation of office workers. It features a story setting and character relationships that are cleverly crafted and humorous, with sharp and insightful sarcasm that resonates with the audience. The movie does not deliberately manipulate emotions or force humor, and the unique music style of Da Peng’s films adds to the experience. It is very suitable for hardworking people to relax and vent, providing a cathartic and enjoyable viewing experience.
As one of the first foreign insurers to enter China during the reform and opening-up of its financial markets, AXA has been a witness, participant and beneficiary of the country’s high-level financial liberalization. Every stage of our growth has mirrored the rapid transformations driven by these reforms, underscoring our strategic commitment to deeply investing in and cultivating the local market.
On August 20th, the Lingang New Area celebrated its fifth anniversary since its establishment. As a representative of the insurance industry that was among the first to settle in the Lingang Reinsurance Functional Zone, AXA Tianping has always closely followed the national strategy and the positioning of Lingang, giving full play to the global resource of the AXA Group. By contributing to the innovation of cross-border data flow mechanisms, promoting the full implementation of the first cross-border settlement process, and facilitating the high-level opening up of the insurance industry, AXA Tianping has set a new benchmark for the vigorous development of the Lingang New Area.
On September 11th, the State Council issued the “Several Opinions on Strengthening Supervision, Preventing Risks, and Promoting High-Quality Development of the Insurance Industry,” providing clear guidance for advancing a financially powerful nation and supporting China’s modernization through three key areas: “high–quality development,” “risk prevention,” and “strict supervision.” On the same day, AXA Group and PICC Property and Casualty Company held a significant meeting at AXA’s headquarters in Paris, focusing on long-term planning and strategic synergy to establish a lasting strategic partnership. This initiative by AXA is a proactive response to the national strategy of two-way high-level financial openness, emphasizing both “bringing in” and “going out,” and aligns with the new “National Ten Measures” aimed at deepening reform and opening up while promoting the spirit of high-quality development.
From September 12th to 16th, the 2024 China International Service Trade Fair (CIFTIS), with the theme of “Global Services, Mutual Benefits, and Shared Prosperity,” was held in Beijing. Against the backdrop of the 60th anniversary of diplomatic relations between China and France, France participated as the Guest of Honor country with a national pavilion, and AXA Tianping was invited to showcase its health-themed exhibition. The aim was to demonstrate the diverse product innovations and exceptional service experiences in the health insurance sector, promote open cooperation in the field of health protection by integrating cross-border resources, and fully implement the new development concept through service openness to accelerate the construction of a new development paradigm.
Upholding insurance services in line with national strategies, meeting the growing protection needs of the people, and serving the steady development of the real economy are AXA’s corporate responsibilities and commitments to the Chinese market. Let us seize the opportunities in this season of harvest, strive forward, and work together to achieve the company’s high-quality development and operational goals, thereby writing a new chapter.
As one of the first foreign insurers to enter China during the reform and opening-up of its financial markets, AXA has been a witness, participant and beneficiary of the country’s high-level financial liberalization.Every stage of our growth has mirrored the rapid transformations driven by these reforms, underscoring our strategic commitment to deeply investing in and cultivating the local market.
On August 20th, the Lingang New Area celebrated its fifth anniversary since its establishment. As a representative of the insurance industry that was among the first to settle in the Lingang Reinsurance Functional Zone, AXA Tianping has always closely followed the national strategy and the positioning of Lingang, giving full play to the global resource of the AXA Group. By contributing to the innovation of cross-border data flow mechanisms, promoting the full implementation of the first cross-border settlement process, and facilitating the high-level opening up of the insurance industry, AXA Tianping has set a new benchmark for the vigorous development of the Lingang New Area.
On September 11th, the State Council issued the “Several Opinions on Strengthening Supervision, Preventing Risks, and Promoting High-Quality Development of the Insurance Industry,” providing clear guidance for advancing a financially powerful nation and supporting China’s modernization through three key areas: “high−quality development,” “risk prevention,” and “strict supervision.” On the same day, AXA Group and PICC Property and Casualty Company held a significant meeting at AXA’s headquarters in Paris, focusing on long-term planning and strategic synergy to establish a lasting strategic partnership. This initiative by AXA is a proactive response to the national strategy of two-way high-level financial openness, emphasizing both “bringing in” and “going out,” and aligns with the new “National Ten Measures” aimed at deepening reform and opening up while promoting the spirit of high-quality development.
From September 12th to 16th, the 2024 China International Service Trade Fair (CIFTIS), with the theme of “Global Services, Mutual Benefits, and Shared Prosperity,” was held in Beijing. Against the backdrop of the 60th anniversary of diplomatic relations between China and France, France participated as the Guest of Honor country with a national pavilion, and AXA Tianping was invited to showcase its health-themed exhibition. The aim was to demonstrate the diverse product innovations and exceptional service experiences in the health insurance sector, promote open cooperation in the field of health protection by integrating cross-border resources, and fully implement the new development concept through service openness to accelerate the construction of a new development paradigm.
Upholding insurance services in line with national strategies, meeting the growing protection needs of the people, and serving the steady development of the real economy are AXA’s corporate responsibilities and commitments to the Chinese market. Let us seize the opportunities in this season of harvest, strive forward, and work together to achieve the company’s high-quality development and operational goals, thereby writing a new chapter.
