Congratulations to the Commercial team for successfully pursuing the Tianjin Port explosion Insurance recoveries and gaining the most subrogation fees ever for AXA Tianping – 113 million yuan.
Since the Tianjin Port explosion in 2015, our team has taken immediate measures, following closely with clients who suffered significant losses during the incident and negotiating with multi-parties despite various setbacks across geographies in the past five years. Thanks to the team’s dedication and perseverance in making this recovery profit and contributing to the business transformation.
On November 2nd, the 16th Annual Finance Summit of Asia organized by the leading financial publication 21st Century Business Herald was held on November 2nd and 3rd in Beijing. I was invited to speak at the opening session for the event, joining virtually with senior executives and experts from pioneering financial institutions and discussing the industry’s trends and future.
During the opening session, I shared my views on our health transformation amid the fast-evolving China market, the future of which lies in every aspect of health including ones-top risk management solutions, digital solutions, mental health and in-dept health insights.
At the event, AXA Tianping was also awarded The Insurance Brand of the Year at the summit, recognizing us as a leading international insurance brand in the local market. Other winners at the event also include ICBC-AXA.
（供中国大陆区以外同事观看,For AXA colleagues outside mainland China)
This month’s dialogue with AXA Asia & Africa features Mark Seifried, the Chief Operations Officer of AXA Asia. He is American and can speak fluent Mandarin. You will see Mark telling his story and answering quickfire questions in Mandarin throughout the video. He also speaks highly of the China team.
On November 25th, Ruiming headquarter celebrated the Thanksgiving Day gathering employees, the management team and special guests. Thanks to Human Resources’ arrangement, the event brings with it an atmosphere of exuberance, delicate food and great company. It’s also a time of speaking out our gratitude to each other. A thank-you wall was also set up to display thank you letters from our colleagues.
Ms. Sally Wan, CEO of Great China opened the session, reinforced China’s role in AXA’s strategy, and delivered her appreciation to all AXA colleagues in driving the company growth. Mr. Howard Pou, Chief Distribution Officer of Great China and Mr. Jonathan Li, Chief Transformation Officer of AXA Tianping also expressed their anticipation to the future cooperation.
It’s a pity that I was not able to join the event in person and could only wrote a letter to say thanks to you all. The AXA Tianping management team also read their thank-you letters at the event.
This is the first year HR launched the Appreciation Campaign through email and Staff WeChat. We can see from the thank-you wall that many of you are actively using it to send gratitude to co-workers. During the event, Sally was also invited to present the awards to recognize those who received and sent the most Thank You Cards.
During the 16th Annual Finance Summit of Asia, I did an interview with the leading finance publication 21st Century Business Herald and talked about AXA’s insights in Chinese family health needs and its solutions to cover both physical and mental health.
Global Sustainable Development and a Community with a Shared Future for Mankind are hot topics on COP26 and World City Day this year. “Acting for human progress by protecting what matters” are our AXA mission. Protecting our earth is critical to our employees, customers and the whole world. Climate is a strategic challenge for AXA and we’d like to be the role model organization in Climate Change.
We introduced AXA Climate Academy from AXA Group for the very first time this year and launched the courses during Group AXA Learning Week in October 2021. The main course includes 3 modules:
1. Learn the science 2. Rethink the business perspective 3. Commit to change
We have online courses and highlights of content and share with our employees. Climate, environment, low-carbon and sustainability are popular themes that related to our daily life. What do they mean to us? In our AXA Climate Academy, our employees got the answers! AXA Climate Academy program helps us better understand the basic science of climate, understand the role AXA must play and more importantly empower us to commit to change and embrace future!
Small changes make a big difference to tackle climate change. We will keep focusing on climate and contributing on AXA’s climate missions.
I hope you all enjoy the gorgeous weather of this season. As we enter the cooler months of 2021, I reflect on how time passes so quickly and when we launched the Beijing Jinghuibao Inclusive PPP Insurance and supported broader communities this time last year. We are carrying out this commitment and joined hands with more partners and rolled out the 2021 version of Beijing Jinghuibao inclusive PPP Insurance in October this year. The program has been updated with broader coverage, more specific remedies and health management services to benefit Beijing residents, and support the multi-level medical security system.
It’s also the month of digitalization and big data. We’ve kicked of the Data Week and held the Data Open Day events, where AXA Tianping Data Governance White Paper was released and opened a new chapter of the company’s data governance. The team was also awarded the Insurance Digital Ecosystem Innovation Pioneer.
In this month issue, you will also read about group chairman Mr. Denis Duverne’s speech about green finance and sustainability at the 2021 Financial Street Forum and AXA Tianping’s health insights at the Economist seminar.
I hope you all enjoy the gorgeous weather of this season. As we enter the cooler months of 2021, I reflect on how time passes so quickly and when we launched the Beijing Jinghuibao Inclusive PPP Insurance and supported broader communities this time last year. We are carrying out this commitment and joined hands with more partners and rolled out the 2021 version of Beijing Jinghuibao inclusive PPP Insurance in October this year. The program has been updated with broader coverage, more specific remedies and health management services to benefit Beijing residents, and support the multi-level medical security system.
It’s also the month of digitalization and big data. We’ve kicked of the Data Week and held the Data Open Day events, where AXA Tianping Data Governance White Paper was released and opened a new chapter of the company’s data governance. The team was also awarded the Insurance Digital Ecosystem Innovation Pioneer.
In this month issue, you will also read about group chairman Mr. Denis Duverne’s speech about green finance and sustainability at the 2021 Financial Street Forum and AXA Tianping’s health insights at the Economist seminar.
（供中国大陆区以外同事观看,For AXA colleagues outside mainland China)
Distribution network is vital to the insurance companies. This month, I have invited Stephen Appleyard, Chief of Distribution Hub for Asia, to share his insights in AXA distribution in China especially in non-life side, and how AXA Prime is going in China.
Many of you might have met Stephen before because before COVID, he was in China four days a month for twelve months. He was very impressed by the AXA Tianping team, which he said is with lots of energy, clear goals and strong execution in China’s dynamic market. Please watch below clip to know more about him and his experience.
We were invited to Economist’s close-door Seminar on October 13th to discuss opportunities and challenges of China’s healthcare market under the Healthy China 2030 policy initiative as well as the changing dynamics of the Chinese economy. On behalf of the company, the Chief Health Officer Kevin Zhou spoke at the panel joined by spokespersons from Ping An Health, GE Healthcare and Parexel.
Below are some takeaways from the seminar:
The biggest opportunity for China’s healthcare insurance industry is the market itself, which has seen tremendous growth in the past decade. And because of the aging population, the rising average income, the expansion of the middle income class, and the increasing medical cost, the health insurance market in China will continue growing at a high speed. Also, private insurance only accounts for about 5% of the total health spending in China, which has a huge growth potential.
Whatever can go online will go online. Healthcare and health insurance have been lagging in that regard globally, but digitalization is now accelerating and China is leading the field. Digitalization makes healthcare services more accessible to everybody, and in a more personalized way.
New drug development has been accelerated in China. Ten years ago, there was a significant time lag between new drugs being developed abroad and becoming available to Chinese patients. Since 2017, China has had a series of regulatory improvements, which allowed China to participate in multinational clinical studies and enable Chinese patients to access the new drug in development simultaneously as those in countries of origin.
