Connect with us

Technology

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

Published

1 month ago

on

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.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/seize-opportunities-for-wealth-accumulation-zurichs-universal-life-and-investment-linked-insurance-as-customers-trusted-and-preferred-choice-302218724.html

SOURCE Zurich Insurance (Hong Kong)

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

KM Malta Airlines, the Maltese Islands’ New National Carrier, Implements CellPoint Digital’s Payment Orchestration Solution

Published

56 mins ago

on

September 23, 2024

By

The partnership will enable KM Malta Airlines to provide passengers with a seamless payment experience and access to their preferred payment methods.

LONDON, Sept. 23, 2024 /CNW/ — CellPoint Digital, a global pioneer in Payment Orchestration, is proud to announce it has partnered with KM Malta Airlines to support the airline’s payment processes across multiple sales channels, including on its website and App, allowing passengers in future to pay with key alternative payment methods (APMs) like Apple Pay.

From the start of operations on March 31, 2024, CellPoint Digital was entrusted to support KM Malta Airlines’ payment processes across. Using CellPoint Digital’s Payment Orchestration platform, KM Malta Airlines launched the service with optimised payment processes, a cost-effective payment strategy, and a customer-centric payment model. This partnership reflects the airline’s commitment to providing its passengers with a seamless, convenient payment experience and the airline’s recognition of CellPoint Digital as a valued payment solution provider.

Through its partnership with CellPoint Digital, KM Malta Airlines gains access to a network of acquirer connections, including its newly introduced partner, Shift4 (formerly Finaro), to support its growth strategy. This allows the airline to optimise transaction routing, reduce payment costs, and settle in its preferred currency.

“It’s not often that we get to be present at the inception of one of Europe’s next great airlines, but that’s the opportunity we have with this partnership,” said Kristian Gjerding, CEO of CellPoint Digital. “By prioritising its payment strategy as a cornerstone of its launch strategy, KM Malta Airlines demonstrates that it cares about providing passengers with the best possible booking experience and setting itself up for future success.”

Roy Kinnear, CCO of KM Malta Airlines, stated, “A highly optimised, cost-efficient payment strategy is important to the success of our airline. That’s why we partnered with experts in aviation payments to deliver a comprehensive platform tailored to our passengers’ needs and allowing us to expand our offering of customer choice payment mechanisms.”

The Advantage of Day-One Payment Orchestration

Payment Orchestration is a concept that describes the end-to-end management of all components of a payment, from authorisation to routing to settlement to reporting, allowing airlines to boost conversions in direct and indirect sales channels at lower transaction costs. CellPoint Digital’s Payment Orchestration Platform, which KM Malta Airlines will implement, routes transactions intelligently to increase acceptance, simplifies and centralises back-end reconciliation, integrates various payment methods like Apple Pay, and easily accommodates multiple PSPs and acquirers, including KM Malta Airline’s preferred acquiring partner, Shift4.

For more information about the CellPoint Digital partnership with KM Malta Airlines or to speak with company executives, please get in touch with Steven Osei at steven.osei@cellpointdigital.com

About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration and optimisation. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimise the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. Visit www.cellpointdigital.com to learn more. 

About KM Malta Airlines

The KM Malta Airlines schedule serves 17 airports across 15 key European cities, namely, Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Gatwick, London Heathrow, Lyon, Madrid, Milan, Munich, Paris Charles de Gaulle, Paris Orly, Prague, Rome, Vienna and Zurich.

Bookings can be made on kmmaltairlines.com

Contact: media@kmmaltairlines.com

 

View original content:https://www.prnewswire.com/news-releases/km-malta-airlines-the-maltese-islands-new-national-carrier-implements-cellpoint-digitals-payment-orchestration-solution-302254685.html

SOURCE CellPoint Digital

Continue Reading

Technology

Advantech Unveils Expanded Singapore Office to Boost ASEAN Presence and Support AIoT Innovations with Strategic Partnerships

Published

56 mins ago

on

September 23, 2024

By

SINGAPORE, Sept. 23, 2024 /PRNewswire/ — Advantech (TWSE: 2395), a global leader in industrial IoT and embedded computing solutions, has officially inaugurated its expanded regional office in Singapore. This strategic investment is set to enhance Advantech’s core competencies within the ASEAN region. Located at 7002 Ang Mo Kio Avenue 5, the new office will double the company’s current facility space, enhancing its infrastructure to meet the rising demand for high-technology solutions, particularly in the semiconductor sector. The expansion underscores Advantech’s commitment to collaborating with silicon and ecosystem partners and investing in local talent development through industry-academia partnerships. The new office will also support Advantech’s Configure-To-Order Service (CTOS), reinforcing its strategic goal of deepening and localising industry presence while advancing a comprehensive AIoT industry development strategy.

Vincent Chang, Managing Director of Asia and Intercontinental Region at Advantech, stated, “The relocation to our new premises marks a significant milestone in Advantech’s nearly 30 years of growth in Singapore. Established in 1995, Advantech Singapore has grown to become a pivotal hub in the ASEAN region, leading to the creation of Advantech Malaysia, Thailand, Indonesia, and Vietnam as key regional business units. Advantech envisions Singapore evolving into a Corporate Development Core Competency hub, focusing on business intelligence, strategic planning, and advancing branding, public relations, and ESG programmes across the ASEAN region.”

Advantech is also excited to launch the second year of its AIoT Innowork programme with Singapore Polytechnic (SP). This year’s projects will focus on sustainable development, net-zero emissions, and generative AI. Students will use Advantech’s WISE-PaaS, a cloud-based platform, to develop AIoT solutions, including a smart outdoor agriculture proof-of-concept within SP’s campus. Additionally, the programme will advance intelligent EV charging and parking space monitoring with Advantech’s LoRaWAN gateway and generative AI, featuring a dashboard for carpark occupancy and an assistive chatbot for availability queries.

In response to the government’s focus on future workforce development, a student team from SP is set to create a proof of concept for a “Generative AI-powered Virtual Sales Agent.” This innovative project aims to transform customer interactions by enhancing sales and engagement through cutting-edge AI technology. SP envisions this technology revolutionising customer engagement, enhancing service support, and improving operational efficiency.

Advantech Singapore is dedicated to advancing the “MySkillsFuture” programme, a key initiative by the Singapore government to support lifelong learning. Advantech aims to build a collaborative value chain that fosters a sustainable and thriving IoT ecosystem by partnering with ecosystem players, academic institutions, and industry leaders. Additionally, through academic collaboration, Advantech seeks to cultivate industry growth and align with its social responsibility objectives by producing and distributing urban farming products to underserved communities. These strategic partnerships are poised to drive long-term industry success and reinforce Advantech’s commitment to its ESG goals.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/advantech-unveils-expanded-singapore-office-to-boost-asean-presence-and-support-aiot-innovations-with-strategic-partnerships-302255164.html

SOURCE Advantech Co. Singapore Pte Ltd

Continue Reading

Technology

Estonia Strengthens Smart Mobility Networking and Strategic Partnerships in the Gulf

Published

56 mins ago

on

September 23, 2024

By

DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Trade Estonia, part of Enterprise Estonia, is concluding its participation at the ITS World Congress 2024 in Dubai, further asserting its leadership in intelligent transport systems (ITS) and smart mobility. Estonia, known for being the first country to allow testing autonomous vehicles on public roads since 2017, showcased its innovative technologies that are setting new benchmarks in smart mobility and ITS.

At the exhibition, Trade Estonia displayed pioneering solutions, including Bamboo Apps’ cutting-edge dispatch system for autonomous shuttles, enabling remote monitoring of unmanned vehicles to enhance safety and efficiency. e-Pavement integrates sensors within road surfaces to improve safety and traffic management, while Auve Tech’s autonomous shuttles seamlessly integrate with public transport, offering efficient and eco-friendly urban mobility solutions. Metrosert is enhancing the precision of smart infrastructure, and Digilogistika Keskus is optimising logistics through advanced digital platforms, boosting supply chain efficiency in smart cities.

H.E. The Ambassador of Estonia to the UAE Maria Belovas stated, “Estonia’s footprint in integrating cutting-edge technology is pivotal in enhancing transportation safety, efficiency, and mobility. Our innovations are designed to meet the evolving needs of global smart cities and ensure a sustainable future for transportation.”

These advancements exemplify Estonia’s commitment to developing intelligent, sustainable, and efficient transport solutions that address both urban and rural mobility needs, and solidifying its global network.

In addition to presenting its technological progress at the ITS World Congress, Estonia focused on building meaningful connections and exploring new avenues for collaboration.

Forging Strategic Global Partnerships

Estonia is dedicated to expanding its international impact by building strategic partnerships, particularly in the Gulf region.

A recent networking event, hosted by H.E. The Ambassador of Finland, Ms. Tuula Yrjölä, and H.E. The Ambassador of Estonia, Ms. Maria Belovas, brought together Finnish and Estonian business delegations to cultivate global connections in smart mobility. The event also facilitated valuable discussions on future collaborations, reflecting Trade Estonia’s ongoing mission to support global innovation and sustainability in transport.

Ms. Maria Belovas highlighted the importance of these international connections in advancing the organisation’s strategic goals and enriching global collaborative efforts.

Building on this momentum, Trade Estonia is gearing up for its next significant engagement at GITEX Global 2024. This upcoming event will serve as a new stage for Estonia to underline their technological advancements and explore new avenues for collaboration with global technology leaders.

About Trade Estonia

Trade Estonia is part of Enterprise Estonia. As a state organisation, Trade Estonia helps Estonian companies to establish themselves in international markets. With a focus on future technologies and pioneering projects, Trade Estonia provides Estonian companies with access to market analysis and marketing strategies and creates the conditions for them to operate successfully on a global scale. Trade Estonia not only promotes the development of new business areas and the establishment of strategic partnerships, but also facilitates access to international networks, thus contributing to the global competitiveness of Estonian companies.

Photo: https://mma.prnewswire.com/media/2512077/Maria_Belovas.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/estonia-strengthens-smart-mobility-networking-and-strategic-partnerships-in-the-gulf-302255186.html

Continue Reading

Trending