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Ping An Wins Sixth Director of the Year Award and Inaugural Climate Governance Award from the Hong Kong Institute of Directors

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HONG KONG and SHANGHAI, Nov. 28, 2024 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 2318/82318, SSE: 601318) received the Director of the Year Award and the Climate Governance Award for 2024 from the Hong Kong Institute of Directors (HKIoD) on November 28. This marks the sixth time Ping An’s Board of Directors has received the Director of the Year Award. Ping An is also the first recipient of the inaugural Climate Governance Award.

Since its establishment in 1988, Ping An has become one of the largest integrated financial, healthcare and senior care service providers in Mainland China. Ping An was nominated for the HKIoD awards for its diversified board of directors, dedicated to safeguarding the interests of the Company and all shareholders and promoting the Company’s long-term, stable development.

Mr. Ng Sing Yip, Independent Non-executive Director, accepted the awards on behalf of Ping An’s board. He said, “Ping An’s success as a world-leading integrated financial, healthcare and senior care service provider is closely linked to its high standards of corporate governance and the trust of our stakeholders.” The awards were also attended by Ms. Cai Fangfang, Executive Director and Senior Vice President, Ms. Cai Xun, Non-executive Director, Mr. Ng Kong Ping Albert, Independent Non-executive Director, Mr. Liew Fui Kiang, Independent Supervisor, and Mr. Hung Ka Hai Clement, Independent Supervisor, as representatives of the board and the Supervisory Committee.

Ping An’s Board of Directors will continue to lead the Company’s strategic planning, and participate in risk management, financial control, compliance, and internal control. The board will continue to enhance corporate governance and climate risk management capabilities, and grow value for stakeholders.

Ping An has long pursued a balanced and professional board structure. Ping An’s 15 directors possess professional expertise in insurance, banking, investment, accounting, law, management, and technology, with extensive industry and operational experience. Ping An has six independent non-executive directors, who account for 40% of the Board, exceeding the industry average. In 2023, the board completed 26 training sessions covering corporate governance, environmental and climate impact, and sustainable development. Since the Company’s listing, the board has conducted on-site inspections and reviews at grassroots level for 20 years, collecting opinions and suggestions from frontline employees and urging business units to continuously improve operational management.

Ping An’s Board of Directors focuses on providing foresight and guidance of the Company’s strategy for efficient implementation and high-quality business development. Under the leadership of the board, Ping An is promoting its “integrated finance + healthcare and senior care” strategy driven by technology. In the first three quarters of 2024, the Group’s operating profit attributable to shareholders of the parent company reached RMB113.82 billion, representing a year-on-year increase of 5.5%, and revenue reached RMB775.38 billion, a year-on-year increase of 10.0%. Three core businesses – life and health insurance, property and casualty insurance and banking – maintained growth, with their combined operating profit attributable to shareholders of the parent company reaching RMB119.65 billion, a year-on-year increase of 5.7%.

Ping An continues to strengthen integrated finance, shifting from cross-selling to comprehensive customer management. As of September 30, 2024, the Group had 240 million retail customers, a year-to-date increase of 3.8%. Customer retention continued to improve, with 25.1% of customers holding four or more contracts within the Group, and a retention rate of 98.0%. The healthcare and senior care strategy continued to yield results, with the value of Ping An’s differential advantages becoming more apparent. In the first three quarters of 2024, more than 19.5 million Ping An Life insurance customers used services in the healthcare and senior care ecosystem. Ping An’s innovative integrated “medical care, nursing, housing, and entertainment” model has established industry standards and ecosystems for senior care services. The services cover 75 cities across China, with more than 150,000 customers entitled to home-based senior care services.

Ping An’s Board of Directors oversees environmental, social and corporate governance (ESG) matters. It has built an efficient and collaborative long-term ESG governance mechanism, and promotes core practices such as climate governance and rural revitalization. Ping An pledges to achieve carbon neutrality across its operations by 2030, and has formulated short- and medium-term targets and roadmaps. In 2023, Ping An took the lead in launching China’s insurance industry’s first carbon account system covering all employees, recording each employee’s low-carbon office behavior, daily low-carbon behavior, and carbon emission data to support climate governance. Ping An also promotes green finance. In the first three quarters of 2024, Ping An’s green insurance premium income reached RMB37.34 billion.

Thanks to its outstanding performance in sustainable development, Ping An has received the highest ratings in multiple industry evaluations. Ping An has maintained an A rating in MSCI ESG Ratings for two consecutive years, ranking first in the multi-line insurance and brokerage industry in the Asia-Pacific region. It has been in S&P’s Sustainability Yearbook (China Edition) for two consecutive years, the only insurance company from Mainland China on the list. Ping An also has a “low risk” rating with a score of 17.0 in Morningstar Sustainalytics ESG Ratings and a B rating in CDP (Carbon Disclosure Project) Ratings, the highest ratings in China’s financial industry.

The HKIoD is Hong Kong’s premier organization representing professional directors, with more than 2,000 members from senior management of Hong Kong-based companies and listed companies worldwide. Its Director of the Year Awards evaluate companies’ performance in promoting development strategies, business strategies, and digital transformation at the board level. The Climate Governance Award, a newly launched award series in 2024, evaluates the performance of corporate boards in promoting sustainable development, climate governance and related information disclosure. The 2024 awards were co-organized by the Financial Services and the Treasury Bureau, the Securities and Futures Commission, and Hong Kong Exchanges and Clearing Limited.

Ping An will continue to adhere to responsible, high-standard corporate governance. Under the scientific and forward-looking guidance of the Board of Directors, Ping An will continue to deepen the “integrated finance + healthcare and senior care” strategy driven by technology, consolidate the advantages of integrated finance, promote its healthcare and senior care initiatives, advance digital transformation and pursue high-quality development. It is committed to creating greater value through stable growth for customers, employees, shareholders, and society.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services, Under the technology-driven “integrated finance + health and senior care” strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses’ quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of September 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 53rd in the Fortune Global 500 list in 2024. 

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.

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SOURCE Ping An Insurance (Group) Company of China, Ltd.

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13 Years Strong: Empowering Automotive Insights with VIN Decoder Technology and Data Solutions

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From advanced VIN decoding technology to detailed vehicle history reports, VinAudit continues transforming the automotive industry by providing trusted and accessible vehicle data.

KIRKLAND, Wash., Nov. 28, 2024 /PRNewswire-PRWeb/ — For over 13 years, VinAudit has established itself as a trusted provider of cost-effective automotive data solutions. Offering a powerful VIN decoder alongside comprehensive vehicle history reports, VinAudit empowers car buyers, dealers, and businesses to unlock critical vehicle insights without breaking the bank.

“Our goal has always been to make car buying and selling easier for everyone by turning data into clear, actionable insights. We’re committed to continuously developing products to meet the evolving needs of the automotive industry and providing the best tools for both consumers and businesses.”

A Legacy of Affordable Transparency

VinAudit has solidified its role as a trusted leader in automotive data, providing businesses and consumers with seamless access to vehicle specifications and comprehensive history reports. Its advanced VIN decoding technology allows users to unlock detailed insights into a vehicle’s specs—such as manufacturer, model year, engine type, fuel efficiency, assembly location, and trim details—alongside historical records crucial for evaluating a vehicle’s condition and value.

Unlocking Critical Vehicle Data

VinAudit’s VIN Decoder is more than just a tool for extracting data from the 17-character Vehicle Identification Number (VIN). It also aggregates data from the National Motor Vehicle Title Information System (NMVTIS), industry partners, and independent sources, delivering critical details such as:

Vehicle specificationsAccident and theft records, recall statusOwnership, title history, and mileageMarket value and cost of ownership

VinAudit’s solutions cater to diverse automotive needs. Consumers use vehicle history reports to make informed purchasing decisions. Businesses use tools like vehicle Specs API and other tools to acquire up-to-date information for inventory management, pricing, and sales strategies. The VinAudit decoder may also provide some insights into factory specifications or OEM build data and complement window sticker details. This additional layer of information ensures that both consumers and businesses can verify and validate vehicle details accurately, empowering decision-making and improving inventory management.

About VinAudit

VinAudit, based in Kirkland, WA, is a trusted provider of automotive data solutions serving consumers and businesses, including dealerships, automotive platforms, and resellers. Its VIN decoding technology and vehicle data products support informed car-buying decisions, inventory optimization, pricing analysis, seamless system integrations, and branded vehicle history reporting. For more information, visit www.vinaudit.com.

Media Contact

Natalia Davis, VinAudit.com, 1 800-480-4428, pr@vinaudit.com, https://vinaudit.com/ 

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SOURCE VinAudit.com

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Precision Biometric Launches InnaITKey Password Manager – Soft Token

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A Revolutionary Solution for Secure Password Management

CHENNAI, India, Nov. 29, 2024 /PRNewswire/ — Precision Biometric India Pvt. Ltd., a leading innovator in identity and security solutions, proudly announces the launch of the InnaITKey Password Manager – Soft Token, an advanced mobile-app based password manager, designed to empower users with unmatched security and ease of use.

The InnaITKey Password Manager – Soft Token is a cutting-edge solution that leverages a smartphone’s native biometrics and military-grade PKI encryption technology, to provide strong, secure authentication for all browser-based services, including email, banking, share trading, ticket booking, and more. Unlike traditional password managers, credentials are stored exclusively on the user’s smartphone, eliminating the risks associated with cloud storage.

“With the launch of the InnaITKey Soft Token Password Manager, we are continuing our commitment to innovating in the field of identity security. As concerns around password theft and cyber-attacks continue to grow, we wanted to provide a secure yet simple-to-use solution that offers complete peace of mind to our customers. This software-based version is a great addition to the security ecosystem, enabling a wide range of users to protect their credentials effectively,” said Mathew Chacko, Founder Director & CEO of Precision Group.

Key Features and Benefits

Secure Authentication: Combines smartphone’s native-biometrics with PKI technology to deliver uncompromised security.No Cloud Storage: Credentials are encrypted and stored only on the user’s device, reducing vulnerability to breaches.Convenient and Cost-Effective: Eliminates the need for additional hardware. A year’s subscription costs just what one would spend on a coffee break.Easy Backup and Recovery: Simplifies credential management without compromising on safety.Flexible Access: Enables authentication using native biometrics or QR codes.

The InnaITKey Password Manager is ideal for anyone who relies on browser-based services, from casual internet users to professionals managing sensitive data online.

The InnaITKey Password Manager – Soft Token is available for purchase at www.innaitkey.com. As part of the launch promotion, users can enjoy a three-month free, full-featured trial by applying the coupon code PRL3MFRN24 during checkout.

To experience the power of secure, smartphone-based password management, users can visit www.innaitkey.com today to avail of the free trial and explore an annual subscription designed to fit their budget.

About Precision Biometric

Precision Biometric is part of Precision Group, which is in its 29th year of operations, providing Biometric, IoT, Cloud & Systems Integration solutions, and IT Infrastructure Management Services. Headquartered in Chennai, we have offices across major metros, with a 250+ location service network in India. Precision Biometric’s solutions prevent impersonation and password compromise. Solution offerings include hardware and software solutions, such as Single Fingerprint scanners, ABAS attendance devices, the patented & CERT-In InnaIT IdP Framework, and InnaITKey (patent pending). Precision’s fingerprint scanners (UIDAI/STQC certified) and InnaITKey (FIDO2L2 Certified) tokens are widely implemented.

For more information, visit www.innait.com and www.innaitkey.com

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Artificial Intelligence Association of Hong Kong Set to Propel AI Innovation Across Key Industries

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Founding Members from Pillar Industries and the Leaders in the AI Community
Come Together to Celebrate the Launch of the Association

HONG KONG, Nov. 29, 2024 /PRNewswire/ –The Artificial Intelligence Association of Hong Kong (AIHK) is excited to announce its official launch and its plans to propel Hong Kong’s AI innovation. AIHK is an independent, industry-agnostic platform dedicated to promoting and advancing the development, adoption, commercialization, and use of AI across businesses, corporates, enterprises, institutions and organizations that operate in Hong Kong and beyond.

AIHK is founded and chaired by Neil Tan, who has over 20 years of experience in corporate strategy, mergers & acquisitions, business and partnership development across the banking, management consulting and tech industries. Neil is currently the Managing Partner at Tsunami Advisors, an advisory and consulting firm dedicated to helping FinTech, Artificial Intelligence, Digital Asset, and Web3 firms expand, grow and scale in the Asia Pacific Region. He is also one of the committee members of Task Force on Promoting Web3 Development established by the Hong Kong SAR Government under Financial Secretary Paul Chan.

“Our mission is clear: to position Hong Kong as a global AI innovation hub. By bringing together leaders from various sectors, we will create a collaborative environment that fosters AI innovation and accelerates the adoption of the technology to drive growth for key industries that make up Hong Kong’s economy. The association will provide the perfect platform for business leaders, technology innovators and the public sector to come together to advance the understanding, application and use of AI for the betterment of business, industry and society,” said Neil Tan, Founder & Chairman of AIHK at the launch ceremony. 

AIHK’s Founding Members include C-Suites and senior executives from prominent organizations including AXA Hong Kong and Macau, Cathay Pacific, Clifford Chance, Chow Sang Sang, DBS Bank, HKT, Li & Fung, Prudential Hong Kong, PwC HK, Standard Chartered, Tessellation and Towngas to name a few. Founding Members represent key sectors in Hong Kong including the consumer, energy, finance, insurance, legal, logistics, manufacturing, retail, telecom, and transport sectors, and all of them have roles and responsibilities for driving the AI strategy and execution within their respective organizations.

AIHK’s Mission and Vision

AIHK was set up with the goal to foster a vibrant AI ecosystem and better position Hong Kong as a leading AI innovation hub. AIHK’s mission is to help businesses and organizations harness the potential and power of AI, align with international standards and introduce new AI-related use cases and applications to boost productivity, efficiency and competitiveness across the key industries in Hong Kong.

The four pillars of AIHK’s strategy includes:

Policy & Governance
AIHK will actively engage with policymakers to influence and shape AI regulations that impact businesses in Hong Kong, ensuring that the interests of its members are represented. The association will advocate for robust corporate governance frameworks that promote ethical and responsible AI use across all sectors.

Ecosystem & Community
AIHK aims to foster a vibrant ecosystem that supports collaboration among businesses, researchers, and government entities, enhancing the overall AI landscape in Hong Kong. By building a strong community, AIHK will facilitate networking opportunities that encourage the sharing of best practices, use cases and innovative applications.

Collaboration & Partnership
AIHK will serve as a catalyst for collaboration among industry professionals, leading researchers, and global experts to drive joint initiatives that address common challenges in AI implementation. Through strategic partnerships, the association will enhance knowledge exchange and promote the development of AI technologies that benefit the broader community.

Knowledge & Education
AIHK will work closely with its members and external partners to provide educational resources that keep stakeholders and the broader ecosystem informed about industry trends and advancements in AI. By offering workshops, seminars, and knowledge-sharing sessions, AIHK will empower its members to enhance their skills and understanding of responsible AI practices.

By embracing a cross-sector, cross-function, and cross-industry approach, AIHK believes that diverse perspectives will drive innovation and growth in the AI industry.  

Calling on Industry Leaders and Members of the AI Community

Whether it’s an individual who wants to contribute to Hong Kong‘ AI development, corporations that are looking towards digital transformation, or Small to Medium-sized Enterprises (SMEs) and startup ventures looking to AI to scale their business and operations, AIHK welcomes industry leaders and corporate members of the AI community to participate. AIHK will focus on growing its network, members’ expertise and technical know-how to help shape different industries and together, advance the development, adoption, commercialization, and use of AI across Hong Kong and beyond.

AIHK membership will provide members with exclusive networking opportunities, access to AIHK-organized events, on-demand webinars, contribution to industry whitepapers, discounts to workshops and seminars, as well as co-marketing and thought leadership opportunities.

A word from AIHK’s Corporate Founding Members

Dominic Maffei, Head of Digital Assets & Fintech, Hong Kong, at Standard Chartered, remarked, “AI-driven innovations are not just trends; they’re essential for staying competitive in the evolving financial landscape. Incorporating AI into operations allows businesses to predict market trends and enhance efficiency.”

Natasha Cheng, Director of Tessellation Group, said, “AI accelerates design and prototyping process, optimizes supply chains with accurate demand forecasting, automates production for efficiency, enhances quality control through image recognition, enables mass customization, and offers insights into consumer behavior – ultimately saving costs and time for a more agile future.”

Queenie Chan, General Manager of Business Analytics & e-Development at Towngas, said, “Artificial intelligence is set to revolutionize the energy sector by enhancing operational efficiency and optimizing customer engagement strategies. The establishment of the Artificial Intelligence Association of Hong Kong is a crucial initiative that will drive innovation and collaboration across industries, positioning Hong Kong as a global leader in AI advancements.”

Rocky Mui, Partner at Clifford Chance, highlighted the importance of regulation and said, “The decisions made by regulators in the coming months and years about how to regulate AI will be critical to the AI innovation landscape in Hong Kong and beyond. AI regulation should promote agility, innovation and clarity for businesses, but also transparency, accountability, and fairness, ensuring that AI systems are designed and deployed in a manner that aligns with ethical standards and societal values. Collaboration between regulators and industry will be key to ensuring that we have a responsible AI policy that strikes the right balance between fostering innovation and safeguarding stakeholders.”

Sam Lim, Chief Information Technology Officer of Prudential Hong Kong, stated, “Artificial Intelligence is revolutionizing the insurance industry. Our unwavering commitment to Al applications ensures that we consistently deliver value and security to our customers.”

About AIHK
The Artificial Intelligence Association of Hong Kong (AIHK) is a non-profit association dedicated to promoting and advancing the development, adoption, commercialization, and use of AI across businesses, corporates, enterprises, institutions and organizations. The mission of AIHK is to propel and position Hong Kong as a global AI innovation hub by bringing together leaders from various sectors, creating a collaborative environment that fosters AI innovation and accelerating the adoption of the technology to drive growth for key industries that make up Hong Kong’s economy.

For more information, please visit LinkedIn page or email contact@aihongkong.org

Appendix

List of Founding Members by alphabetical order:
 (Corporate Founding Members are designated with *)

Founding Members

Title

Company

Alan Lau

Chief Business Officer

Animoca Brands *

Andrew Eldon

General Manager, Digital Experiences 

Cathay Pacific

Ankit Suri

CEO & Founder

Planto

Benson Wong

Managing Director, Head of Digital Products and Channels, International Private Bank

JPMorgan Chase & Co.

Caroline York          

Director of Marketing

Serotonin

Dominic Maffei

Head of Digital Assets & Fintech HK

Standard Chartered *

Gary Ho

Chief Information Officer

AXA Hong Kong and Macau *

Jeanne Lim

CEO & Founder

BeingAI

Keith Ip

Chief Technology Officer

Li & Fung

Kok Tin Gan

Founder of PwC’s Darklab

PwC HK

Marcos Chow

Group Chief Information Officer

HKT

Medhy Souidi

Head of Innovation & Experiences

DBS Bank

Natasha Cheng

Director

Tessellation

Neil Tan

Founder & Managing Partner

Tsunami Advisors

Peggy Lau

Director Artificial Intelligence

Chow Sang Sang

Queenie Chan

General Manager, Business Analytics & e-Development

Towngas *

Rocky Mui

Partner

Clifford Chance *

Sam Lim

Chief Technology & Digital Officer

Prudential Hong Kong *

Yannick Mahé

Head of Business Engineering & Growth Engineering, Greater China Region

Meta

 

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SOURCE The Artificial Intelligence Association of Hong Kong

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