SHENZHEN, China, March 26,
2023 /PRNewswire/ -- OneConnect Financial Technology
Co., Ltd ("OneConnect" or the "Company", Stock Code:
OCFT.US6638.HK), is thrilled to announce that we have entered into
an all-round strategic collaboration with Old Mutual in SA to
propel the digital transformation of life insurance business by
leveraging both parties' deep technology expertise and extensive
localization experience in financial markets.
With digital transformation a key component of Old Mutual's
customer-centric strategy, the company has been on a multi-year
journey towards embedding digitalisation across its operations and
was seeking a strong technology partner with abundant knowledge in
the insurance sector to overcome challenges presented by
customer-centric digital transformation. OneConnect vowed to
assist and enable OM (Old Mutual) as its proud strategic
partner.
As a well-known insurance corporate established for more than
178 years, Old Mutual is a Pan African Financial Services company
that offers a broad spectrum of financial solutions to retail and
corporate customers across key market segments in 14 countries,
with listings on five stock exchanges.
As an associate company of Ping An Group listed on the NYSE and
HKSE, OneConnect leverages on Ping An Group's extensive integrated
finance and fintech expertise of over 30 years in, its proprietary
research and development capabilities, ability to provide
full-stack product offerings to financial institutions, and being
the very first Fintech company dually listed in the U.S. and
Hong Kong. With fintech solutions
stemmed from large scale business use cases, OneConnect is proud to
be selected by Old Mutual in SA market and beyond as its strategic
partner.
Omni-channel Agent Solution is the digitalized life
insurance flagship product introduced by OneConnect, which provides
full-process agent solutions to global insurance institutions.
Through integrating advanced AI technology, the product helps
insurance institutions digitally transform their agents through
specific modules including recruitment, training, prospecting,
performance, and customer management, empowering insurance
institutions to maximize the efficiency and effectiveness
throughout the agent employment process.
May Govender, Acting Group CIO
Old Mutual Limited, said, "We are excited to be working
with a premier technology company to help us deliver on our
ambition to be our customer's first choice to sustain, grow and
protect their prosperity. As part of our technology focus, it was
also key for us to find an organisation with a shared vision for
digital transformation in addition to strong capability, expertise,
and a proven record in the insurance industry. We are choosing an
organisation that is not just a technology provider but one that
understands insurance and has the scale to fast track our digital
transformation journey and give us speed and flexibility to respond
to ever changing needs."
Mr. Chongfeng Shen, Chairman of the Board and Chief Executive
Officer of OneConnect, said: "At OneConnect, we will continue
leveraging our extensive financial expertise and cutting-edge
technology to inject new momentum into the digital transformation
of insurance companies. We will also continue to refine our
products to better meet market demand. Old Mutual, with over a
century of history, chose us as their strategic partner because
they believe in our professionalism and the win-win outcomes we can
create together. We will maintain a close relationship over the
long-term, and propel digital transformation of life insurance
together."
With digital transformation a key component of Old Mutual's
customer-centric strategy, the company has been on a multi-year
journey towards embedding digitalisation across their operations.
OneConnect's Universal Agent solution effectively helps agents of
Old Mutual in SA improve service efficiency and convert potential
customers, thereby contributing to their success in the market.
Mr. Jie Li, Chief Technology
Officer of OneConnect, said, "The digital age demands precise
data analysis that blends multiple scenarios, and empowering every
marketer and agent with technology is particularly crucial.
Empowering enterprises with 'digital employees' are also a key
factor in the global digital transformation of insurance companies.
We are delighted to bring our experience in digital transformation,
which has been validated by Ping An Group, to the global
market."
Going forward, OneConnect will continue to leverage Ping An
Group's 30-plus years of experience and technological innovations
in the insurance industry to create more high quality solutions
applicable to South African market for Old Mutual. Both parties
will adhere to the principle of win-win collaboration, create a
benchmark model for the digital transformation of life insurance
companies, and jointly open a new chapter of digital transformation
in the global insurance industry.
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SOURCE OneConnect