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Aviva, Tencent seek licence for Asian digital insurer

August 7, 2017

 Source: International Adviser

 

UK insurance giant Aviva and Chinese tech firm Tencent are seeking regulatory approval for a new joint venture partnership along with private equity firm Hillhouse Capital, which plans to develop an online insurance company in Hong Kong.

 

Aviva said the plan was to disrupt a market that has traditionally been dominated by agency and bancassurance channels and drive digital transformation across the region.

 

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