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Seize opportunities for wealth accumulation; Zurich’s universal life and investment linked insurance as customers’ trusted and preferred choice

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HONG KONG, Aug. 12, 2024 /PRNewswire/ — The pace of economic recovery after the pandemic varies across regions, amidst inflation and market expectations of an interest rates cut cycle. Against such backdrop, Zurich Insurance (Hong Kong) (“Zurich“) has introduced award-winning universal life insurance and investment linked assurance products, supported by personalized services and online platforms, helping customers plan for their future with confidence in uncertain market conditions.

With its innovative life insurance products and flexible wealth management concepts, Zurich has been awarded the prestigious “Life & Wealth Management Insurance – Excellence Performance” in the Bloomberg Businessweek Financial Institutions Awards for three consecutive years. This year, Zurich once again emerged as the winner of the award with its Swiss Fortune Universal Life Plan (“Swiss Fortune”). Geoffrey Au, CEO of Life Insurance, Zurich Insurance (Hong Kong), said, “We understand customers’ growing demand for flexible savings insurance plans. Swiss Fortune benefits from the flexibility of traditional universal life products and incorporates effective risk management investment strategies, effectively catering to the diverse needs of our customers for wealth appreciation and succession planning. Winning this award once again serves as a testament to Zurich’s brand excellence, cultivated over a rich history spanning over 150 years, and the exceptional qualities that set Swiss Fortune apart.”

Growing importance of Universal Life products

In today’s developed markets like the United States, universal life insurance has taken over traditional life insurance to become a preferred option1. Meanwhile, Asian customers value succession planning for transferring wealth to next generations. Swiss Fortune grasps this opportunity by featuring wealth inheritance options and offering flexible contributions, monthly crediting interest and loyalty bonuses2, designed to meet the evolving financial needs of customers. As the investment market changes rapidly and is difficult to predict, Swiss Fortune helps customers seize investment opportunities in the market and achieve long-term financial goals, such as retirement and education fund. It does so by providing customers with the upside return potential of equity market, whilst limiting the downside risk from traditional equity investment.

Prudent spending for better future planning

Hong Kong people are becoming more cautious with their finances, making it an opportune moment to reevaluate their current financial status and devise longer-term plans to safeguard themselves and their families. Investment-linked assurance scheme (ILAS) can meet both insurance and investment needs, while offering a one-stop account to manage multiple investment options with a clear fee structure and life insurance, making it one of the suitable tools for investment and financial planning. As an expert in ILAS products, Zurich has won the “Award for Excellence in Investment-linked Assurance Scheme” three times in a roll from Ming Pao Awards for Excellence in Finance 2024. Zurich’s ILAS products have also been accepted as one of the “Permissible Financial Assets” under the “New Capital Investment Entrant Scheme” (New CIES), and rank market first3 with the number of ESG investment choices available in Hong Kong. These distinctive features have solidified Zurich’s ILAS products as the favored option among a broad spectrum of local and international customers.

To facilitate visitors to Hong Kong to understand Zurich’s prestigious brand and life insurance products, the “Zurich Premier Wealth Center” located in Tsim Sha Tsui shopping district offers a comfortable and private environment for customers to engage in financial analysis with financial planners, complete insurance application procedures and make premium payments. The “Zurich Premier Wealth Center”, conveniently accessible by transportation, offers a panoramic view of Victoria Harbour and has welcomed numerous customers from Asia and the Greater Bay Area since its establishment last year.

Geoffrey concluded, “In recent years, Zurich has been striving to provide even better customer experience, actively enhancing our life insurance product design and service processes. These endeavors have received exceptional media accolades, providing a strong impetus for our business and leading us to continue being the preferred choice for customers.”

1 Source: LIMRA International Inc. – 2023 Marks Third Consecutive Year of Record Sales for U.S. Individual Life Insurance (Published in Feb 2024).

2 Crediting interest and loyalty bonuses are not guaranteed and may even be zero.

3 As of July 2024.

Disclaimer:

The information contained in this material is for informational purposes only and is not intended to constitute any recommendation or advice to any person. Readers should not make any decision based solely on the information contained herein. Before acting on any information in this material, readers should consider their personal situation and seek independent advice.

Zurich Life Insurance (Hong Kong) Limited (“Zurich Insurance”) has based this material on information obtained from sources it believes to be reliable, but it does not warrant the correctness, adequacy and completeness of the information contained herein.

The insurance product mentioned in this material is underwritten by Zurich Insurance and is intended only for sale in the Hong Kong SAR. This material should not be regarded as an offer or solicitation to sell any insurance products or services in any jurisdiction in which such offer or solicitation would be unlawful in such jurisdiction.

The product information provided herein is for reference only and does not form part of the insurance contract. Please refer to the product brochure for the detailed features and the policy provisions for the detailed terms and conditions. In case of inconsistency, the policy provisions shall prevail. Zurich Insurance reserves the right of final approval and decision on all matters.

The information contained in this material may not be reproduced either in whole, or in part, without prior written permission of Zurich Insurance. In no event shall Zurich Insurance be liable for any damages or losses arising out of or in connection with the use, reliance on or distribution of the information contained in this material by any person.

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SOURCE Zurich Insurance (Hong Kong)

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New GFT research reveals 1 in 4 Brits keep cash on hand amid growing IT failure concerns

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12 minutes ago

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January 8, 2025

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Research reveals mounting worries amongst UK banking customers about IT outages at financial institutions

LONDON, Jan. 8, 2025 /PRNewswire/ — As digital banking becomes the norm, over a third (34%) of Brits are worried about the potential of IT failures at their banks, and 25% now keep cash on hand as a precaution against outages.

This trend reflects the growing uncertainty consumers feel about the reliability of digital financial services, as the availability of in-person banking continues to decline.

Over the past year, one in six (17%) people have been affected by IT failures within their banks, facing an average disruption time of six hours, with customers unable to access their funds or pay for essential goods and services.

This data comes from GFT’s latest Banking Disruption Index, a bi-annual assessment of consumer sentiment towards digital banking.

The research also uncovered growing concern about the security and resiliency of third-party technology providers supporting banks, with 38% of respondents worried about the potential of these organisations to cause an IT outage at a bank, highlighting a broader scepticism around the security and reliability of outsourced digital services.

Additionally, 42% of those surveyed said they were wary of cyber-attacks, fearing that an outage could lead to personal information theft. This underscores the growing expectation for banks to protect both consumer data and access to funds.

Richard Kalas, Client Solutions Director, Retail Banking at GFT, said: “These findings reveal a clear disconnect between the rapid digitalisation of banking services and consumer confidence around the security and resilience of these measures. While digital banking offers numerous benefits, it’s essential that banks continue to clearly demonstrate the various measures they are taking to ensure all critical customer services are resilient.”

The role of banks in enhancing security

As digital banking continues to grow, so do consumer concerns about security and reliability. In response, banks are under increased pressure to strengthen their resilience strategies, ensure operational stability, and better safeguard customers.

To meet these expectations, financial institutions must continue to invest in robust IT infrastructure and cybersecurity measures, and partner with trusted organisations to effectively prevent and swiftly recover from outages.

What’s more, under recent Payment Systems Regulator (PSR) guidelines effective from 7th October, banks must now refund fraud victims up to £85,000 within five days. By shifting a significant portion of responsibility back to banks, the regulation reinforces the importance of customer protection and proactive fraud prevention.

To download the full Banking Disruption Index report, please follow this link.

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Route Mobile Partners with PT MRT Jakarta to launch first-of-its-kind WhatsApp ticketing via vending machines and Email

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12 minutes ago

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January 8, 2025

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MUMBAI, India, Jan. 8, 2025 /PRNewswire/ — Route Mobile Limited (“Route Mobile”), a leading cloud communication platform service provider, has partnered with PT MRT Jakarta, Jakarta’s premier urban rail transit provider, to launch an innovative, first-of-its-kind WhatsApp based metro ticketing solution through vending machines. The solution streamlines the whole process, delivering essential ticket and travel information to commuters via WhatsApp for a smoother, more convenient journey.

With over 91,000 daily riders and 33.5 million annual ridership, Jakarta MRT plays a vital role in the city’s transportation infrastructure. Currently, it operates a North-South line with 13 stations, from Lebak Bulus to Bundaran HI, serving as a critical transit route that alleviates traffic congestion and improves urban mobility.

Through this innovative WhatsApp solution, passengers who purchase tickets from MRT Jakarta vending machines will receive the following three automated messages to simplify their journey:

Easy-to-follow instructions on using the QR codeA unique QR code to be scanned for entry at the origin stationA unique QR code to be scanned for exit at the destination

This multi-step WhatsApp engagement reduces friction, enhances user convenience, and significantly improves the commuter experience by enabling instant, reliable access to crucial travel details.

In addition to the core WhatsApp solution, Route Mobile is also supporting MRT Jakarta’s marketing initiatives by offering an email solution. This will allow MRT Jakarta to engage passengers through targeted email campaigns, sharing event updates, promotional content, special offers, and other relevant information that deepens customer engagement beyond their transit journey.

This strategic, one-year agreement will streamline the ticketing experience and introduce new marketing capabilities, enhancing customer engagement and convenience for MRT Jakarta commuters.

Gautam Badalia, Chief Executive Officer, Route Mobile, expressed his excitement about this pioneering collaboration, “We are honoured to partner with PT MRT Jakarta on this innovative project, which brings the convenience of WhatsApp communication to the MRT ticketing experience. With Route Mobile’s solution, customers will benefit from real-time information and seamless QR-based entry and exit, setting a new standard for public transit efficiency. We look forward to enhancing PT MRT Jakarta’s customer engagement through our WhatsApp and email solutions.”

About Route Mobile Limited (www.routemobile.com) (BSE: 543228) (NSE: ROUTE)

Established in 2004, Route Mobile Limited (“RML”) is a cloud communications platform service provider catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across various industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in Asia Pacific, the Middle East, Africa, Europe, and the Americas. Route Mobile is now a part of Proximus Group, a provider of digital services and communication solutions operating in Belgium and international markets.

Additional Resources

Follow Route Mobile on LinkedIn: https://in.linkedin.com/company/routemobilelimited
Become a fan of Route Mobile: https://www.facebook.com/Routemobilelimited

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BIT Mining Limited Announces Results of Annual General Meeting

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January 8, 2025

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AKRON, Ohio, Jan. 8, 2025 /PRNewswire/ — BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced the results of its annual general meeting of shareholders (the “AGM”) held on January 7, 2025.

At the AGM, the shareholders of the Company passed the resolution increasing the authorised share capital of the Company to US$440,000 divided into 8,399,935,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 6,800,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each.

About BIT Mining

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

For more information:

BIT Mining Limited
ir@btcm.group
Ir.btcm.group  
www.btcm.group  

Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com

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SOURCE BIT Mining Limited

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