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DUBLIN, Jan. 14, 2026 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced a $1 billion expansion of its proprietary Data Center Lifecycle Insurance Program (DCLP), increasing total capacity to $2.5 billion. The expansion responds to accelerating global investment in cloud computing, artificial intelligence and digital infrastructure and increasing complexity of risks across the data center lifecycle. First introduced in 2025, DCLP is a multi-line insurance solution designed to support data center projects from construction through ongoing operations. The program brings together traditionally fragmented risk classes into a single coordinated insurance solution. By integrating construction, cyber, cargo and operational risks, DCLP helps clients secure capacity at scale, reduce friction and execute projects more efficiently. "Managing risk throughout the data center lifecycle is a strategic imperative – these platforms drive innovation, connectivity and economic growth," said Greg Case, president and CEO of Aon. "As these facilities become more critical and complex, building resilience into their infrastructure is essential for the broader business ecosystem. Aon is committed to helping clients anticipate risks, strengthen operational continuity and invest in the future of digital infrastructure with confidence." The expanded DCLP is designed to support investors, developers and operators as data centers grow larger, more capital-intensive and more operationally complex. By integrating insurance capacity with risk engineering and analytics, the program helps clients anticipate risk, demonstrate resilience to stakeholders and support long term performance. "When disruptions occur, the financial and operational consequences can be significant and ripple well beyond a single facility, affecting customers, supply chains and broader business operations," said Joe Peiser, CEO of Commercial Risk for Aon. "By expanding the capacity of DCLP, we are helping clients manage risk across the full lifecycle of a data center – from build-out to steady state operations, while supporting faster, more certain execution." Key Features of the Data Center Lifecycle Insurance Program include: Up to $2.5 billion in coverage for Construction All Risks, Delay in Start-Up (DSU) and Operational Property Damage/Business Interruption. Cyber, Cyber Property Damage and Tech E&O coverage up to $400M, including DSU (damage and non-damage), business interruption and SLA violations. Third-party liability coverage up to $100 million (excluding U.S. exposures). Project cargo and transport insurance up to $500 million. Integrated risk engineering and cyber impact modelling available through Aon's Global Risk Consulting team. This expansion of the DCLP builds upon Aon's broader strategy to scale innovative Risk Capital solutions for digital infrastructure. Late last year, Aon also announced the renewal of its Client Treaty — a proprietary follow-on facility designed to provide broad, multi-line coverage for complex risks — with enhanced terms that include protection for extended construction periods. This renewal reflects Aon's commitment to helping clients manage the unique challenges of large-scale technology projects, ensuring resilience from initial build through operational phases. About AonAon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here. Media Contactmediainquiries@aon.comToll-free (U.S., Canada and Puerto Rico): +1 833 751 8114International: +1 312 381 3024 Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.
Two new participating life insurance savings plans designed to empower financial well-being and meet evolving customer needs for flexibility and growth HONG KONG, Jan. 5, 2026 /PRNewswire/ -- Manulife Hong Kong today announced the launch of two new participating life insurance savings plans — Genesis Centurion Insurance Plan and Prestige Achiever Insurance Plan — designed to help customers achieve financial goals with enhanced flexibility and growth potential. Genesis Centurion Insurance Plan is designed to support long-term wealth accumulation and planning, complementing the existing Genesis Plan, which focuses on medium-term financial goals with flexible access to policy value. With the launch of the Genesis Centurion Insurance Plan and completion of the Genesis Series, Manulife now offers customers a broader suite of solutions to meet diverse financial needs. Prestige Achiever Insurance Plan, on the other hand, provides immediate financial security with a high guaranteed cash value, up to 83% of the total premium paid from day one, and the potential to achieve a TIRR of 4.6% by the end of the 10th policy year[1]. Together, these plans empower customers to access personalized financial solutions, offering different options to support their needs at every stage of life. This launch reflects Manulife's commitment to helping people live longer, healthier, and more financially secure lives. As revealed in the latest Manulife Asia Care Survey, 70% of respondents in Hong Kong view financial health as a key driver of longevity, and 61% believe insurance plays a vital role in sustaining physical health. These findings highlight the strong connection between financial planning and overall well-being. By offering solutions that combine growth potential and flexibility, Manulife empowers individuals to safeguard both their physical and financial well-being. Key features of Genesis Centurion Insurance Plan include: Long-term wealth accumulation: Projected surrender value growth reaching 4 times the total premiums paid by the 25th policy year, 6 times by the 31st year, and 8 times by the 35th year[1]. Global financial agility: Customers can choose from seven policy currencies[2] and benefit from a currency switch option[3] annually, starting from the 3rd policy anniversary, enabling them to capture international opportunities. Flexible withdrawal options without policy surrender: Easy Choice: Receive regular non-guaranteed income drawn from the terminal bonus[4] at the policy anniversary after the plan has been paid up and the policy remains in force. Realization option: Realize terminal bonus[4] and customize withdrawal amounts and timing to meet individual needs while the policy remains in force. Body and Mind Advance Benefit: One-time option to realize up to 100% of the terminal bonus if the customer is diagnosed with any designated critical or mental illness[5]. Key features of Prestige Achiever Insurance Plan include: Immediate financial security: Guaranteed cash value up to 83% of total premiums paid from day one. Solid growth potential: TIRR up to 4.6% at the end of the 10th policy year[1]. Flexible withdrawal options without policy surrender: Easy Choice: Receive regular non-guaranteed income drawn from the terminal bonus[4] from the 2nd policy anniversary, provided the policy remains in force. Realization option: Realize terminal bonus[4] and customize withdrawal amounts and timing to meet individual needs while the policy remains in force. Body and Mind Advance Benefit: One-time option to realize up to 100% of the terminal bonus if the customer is diagnosed with any designated critical or mental illness[5]. "Financial well-being is a key part of living a healthy, balanced life," said KC Cheung, Chief Product Officer of Manulife Hong Kong and Macau. "With the launch of Genesis Centurion Insurance Plan and Prestige Achiever Insurance Plan, we are complementing our existing product suite and giving customers more choices to grow and access their wealth when needed, while supporting them through life's challenges. True well-being means caring for physical, mental, and financial health, and our goal is to empower people to plan confidently and protect what matters most." Enhanced Withdrawal and Legacy Planning Services[6] for Genesis Centurion Insurance Plan and Prestige Achiever Insurance Plan [New] FlexiPay Withdrawal: Starting from the 3rd policy anniversary, or upon completion of the premium payment period of the basic plan, customers can set up standing instructions for regular withdrawals, choosing the amount, frequency, and payment period to suit their needs. They can also direct funds to a designated recipient—such as a family member or a recognized organization like a retirement community[7] or charity—ensuring their policy supports what matters most. Additionally, FlexiPay Withdrawal enables transfers to eligible accounts in approved regions and jurisdictions, offering added convenience for managing overseas obligations[8]. [First-in-market[9]] Empowered Access for Loved Ones: Customers can designate a trusted family member to act on their behalf and withdraw a pre-set portion of policy value to support their loved ones' needs from the 3rd policy anniversary onwards. [New] InheritPlus: Starting from the 3rd policy anniversary, customers can pre-set instructions to transfer wealth to the next generation. In the event of the life insured's passing, a designated portion of the policy can be split into new policies for contingent life insureds. Each contingent life insured may choose to become the new life insured of a split policy, while the remaining benefits will be paid to chosen beneficiaries. In addition, each beneficiary can enjoy a customizable settlement option. With the introduction of Genesis Centurion Insurance Plan and Prestige Achiever Insurance Plan, Manulife reaffirms its commitment to delivering innovative solutions that empower customers to achieve their financial goals while supporting their overall well-being. Terms and conditions apply. For more details and risks about Genesis Centurion Insurance Plan and Prestige Achiever Insurance Plan, please click on the provided links to access the respective product brochures. The content of this press release does not contain the full terms of the policy(ies), and the full terms can be found in the corresponding policy document(s). Before making a purchase, customers are encouraged to read the policy provisions for the exact terms and conditions that apply to these products. Manulife Hong Kong today announced the launch of the Genesis Centurion Insurance Plan and the Prestige Achiever Insurance Plan, designed to empower customers’ financial well-being. Pictured: KC Cheung, Chief Product Officer of Manulife Hong Kong and Macau. About Manulife Hong KongManulife Hong Kong has been a trusted name for more than 125 years. Since our operations started in Asia in 1897, we have grown to become one of the top-tier providers of financial services, offering a diverse range of protection and wealth products and services to over 2.6 million customers in Hong Kong and Macau. We are committed to helping make decisions easier and lives better for our customers. Manulife Hong Kong, through Manulife International Holdings Limited, owns Manulife (International) Limited, Manulife Investment Management (Hong Kong) Limited, and Manulife Provident Funds Trust Company Limited. These entities are all subsidiaries of Manulife Financial Corporation. About ManulifeManulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States, providing financial advice and insurance for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2024, we had more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com. [1] The projected total internal rate of return (IRR) does not represent future performance and is not guaranteed. The projected total internal rate of return listed above is a way to present future cash flow, including the total premiums paid and the projected total return at the end of each policy year (including guaranteed cash value and non-guaranteed terminal bonus), at an annualized rate. Figures are based on the assumptions that throughout the policy term, (i) no Body and Mind Advance Benefit has been exercised; (ii) all premiums are fully paid and no policy loan is taken out (if applicable); (iii) no currency switch option has been exercised (if applicable); (iv) no Easy Choice or terminal bonus realization option is exercised; (v) no premium holiday has been exercised (if applicable) and (vi) no withdrawals are made in any form. The non-guaranteed figures shown (such as projected total internal rate of return and the projected surrender value, where applicable) are estimates based on the current terminal bonus projection. They are not guaranteed and may vary depending on policy currency, premium payment term, and payment mode. The actual figures (such as actual terminal bonus, actual total internal rate of return and actual surrender value, where applicable) may be higher or lower than those illustrated. Under certain circumstances, the non-guaranteed benefits (such as terminal bonus) may be zero. [2] The currency options are United States Dollar (USD), Hong Kong Dollar (HKD), Renminbi (CNY), Canadian Dollar (CAD), Australian Dollar (AUD), British Pound Sterling (GBP), and Singapore Dollar (SGD). [3] The currency switch option is a designated product feature of the Manulife insurance plan and is subject to the terms and conditions of the relevant plan. The application for currency switch is subject to the terms and conditions of the relevant plan and to Manulife's prevailing rules and approval at Manulife's sole and absolute discretion. Please note that this option may not be available with the designated new plan after the currency switch option is exercised. Please refer to notes 11 and 12 and 'Other product disclosures' section of the product brochure for the risks associated with exercising the currency switch option. [4] The terminal bonus is not guaranteed. Manulife will review and adjust the terminal bonus at least once a month, but Manulife may do so more often. Please see the section titled 'The main risks affecting the non-guaranteed terminal bonus, non-guaranteed income and the accumulation interest rate of non-guaranteed income / realized terminal bonus' under 'Other product disclosures' in the product brochure. [5] Designated illnesses include apallic syndrome, cancer, coma, heart attack (myocardial infarction), stroke, major head trauma, paralysis, terminal illness, total and permanent disability, autism, bipolar disorder, mental incapacity, schizophrenia, and severe dementia. [6] This is an administrative arrangement and is not part of the product features. Such application is subject to Manulife's prevailing administrative rules and conditions which shall be determined and modified by Manulife from time to time without prior notice. Please see the relevant booklet for more details on rights and restrictions applicable to FlexiPay Withdrawal, Empowered Access for Loved Ones and InheritPlus. [7] A retirement community must have a valid Licence for Residential Care Home for the Elderly, or an equivalent licence from a jurisdiction approved by Manulife. [8] This is an administrative arrangement and is not part of the product features. It is subject to Manulife's approval at the time of withdrawal. Such applications are subject to Manulife's prevailing administrative rules and conditions, which shall be determined and modified by Manulife from time to time without prior notice. [9] The description about this policy service being 'first-in-market' is based on comparisons with other publicly available long-term participating life insurance products with a savings element issued by Hong Kong's major life insurance companies for individual customers as at January 4, 2026.
SHANGHAI, Dec. 30, 2025 /PRNewswire/ -- Under the global background of ageing people, WallstreetCN reported how TaiKang play its wisdom in new-life-insurance. In 2014, journalists from Japan's NHK documented the phenomenon of A Society Without Bonds, portraying how the elderly in an atomized society—devoid of social, familial, or community ties—gradually become isolated and ultimately pass away alone. A decade later, the Japanese drama Two in the Neighborhood (Douban rating 9.3) offers a starkly different narrative. Its two 55-year-old female protagonists no longer treat aging with tragic solemnity; instead, they put on face masks, lift weights casually, and remark with ease: "Humans simply can't give up hope." Japan, China's neighboring country, provides a vivid window into how attitudes toward aging have shifted from fear to composure amid profound, gradual demographic changes. Young people are often captivated by youth, seldom envisioning their own twilight years. Yet the reality is that in twenty years, the silver-haired generation—now less visible in shopping malls and cinemas—will constitute a critical one-third of society. According to the latest data from China's Ministry of Civil Affairs, by the end of 2024, the population aged 60 and above had reached 310 million, accounting for 22.0% of the total populace. This figure is projected to rise to around 30% by 2035. While the morning sun has set, the evening glow still shines bright. China's average life expectancy neared 79 years in 2024, continuing to increase by 2-3 years per decade. Concurrently, the older generation is moving beyond mindsets of self-denial and sacrifice, embracing their later years with positivity and savoring the depth and richness that time brings. Time, therefore, should be seen as a gift, not a burden. From an industry perspective, the vast opportunities arising from the desire to "enjoy aging" in this longevity era are well-documented in developed nations. The U.S. Bureau of Labor Statistics, for instance, identified healthcare as one of the most promising sectors for 2017-2027. A similar story is unfolding in China. To address the industrial demands of a shifting demographic structure, China has established a personal pension system and piloted various commercial pension products, aiming to build a diversified payment framework for the senior care industry. Sectors like healthcare and wellness have emerged as new "blue oceans," attracting a steady stream of entrants. The most notable pioneers are insurance companies—entities with substantial capital and the unique capability to integrate healthcare and wellness resources. We observe that the life insurance industry has entered a new round of competition for the senior care market. Among these players, forward-thinking leaders have been cultivating the senior care track for over a decade, building supply chain networks spanning wellness, medical care, and real estate. Their efforts have yielded a distinctly Chinese model, different from those in the U.S. or Japan. For example, since 2007, Taikang Insurance Group has been exploring ways to extend insurance into tangible healthcare, senior living, and wellness services. In the latest Fortune Global 500 ranking, Taikang Insurance Group climbed to 334th place, up 47 spots from the previous year. In his new book Strategy Determines Everything, Chen Dongsheng—founder, chairman, and CEO of Taikang—articulates an innovation that integrates physical services into the traditional two-dimensional framework of liabilities and investments, creating a "three-pronged synergy." He terms this model "New Life Insurance." 1. How to Plan for Old Age? The UN's World Population Prospects 2024 reports that life expectancy has surpassed 75 years in half of all countries globally. By the late 2070s, the global population aged 65 and above is projected to exceed 2.2 billion. Chen Dongsheng noted in his research for The Longevity Era that increased lifespans bring intense demands for funding and healthcare. Thus, the age of longevity is also an age of wealth and health. Following this logic, constructing a robust pension system is the most immediate challenge of this era. As life expectancy grows and the social dependency ratio tightens, the accumulated surplus of the basic pension fund for enterprise employees continues to decline, intensifying pressure on the system's sustainability. Moshe A. Milevsky, a Canadian retirement research expert, emphasized in his book Pensionize Your Nest Egg that the foundation of personal retirement planning lies in income sustainability. Individuals must ensure they accumulate sufficient financial resources during their working years to support themselves throughout retirement. This sustainability does not rely solely on frugal savings during one's prime. Milevsky illustrates the point with an analogy: accumulating wealth is like filling a pool—its capacity depends on length, width, and depth. Similarly, one's ability to build wealth hinges on the term, principal, and rate of return of financial products. Given these "three core factors," long-term, compound-interest pension products have gained widespread popularity. In the 1970s, the U.S. government incentivized employer and individual participation in the pension system through two key measures: first, adding Section 401(k) to the tax code, which offered tax advantages for employer-sponsored retirement plans (sparking the development of corporate pensions); second, establishing Individual Retirement Accounts (IRAs), laying the groundwork for the commercial third pillar of the pension system. Among developed economies, the U.S. pension system is dominated by its second and third pillars, which account for over 90% of total assets. Japan's system, meanwhile, relies primarily on its first and second pillars, achieving "universal insurance and universal pensions for all citizens." To address its own challenges of insufficient total pension assets and structural imbalance, China has also established a personal pension system. Pilot programs for innovative insurance products—such as exclusive commercial pension insurance and commercial pension plans—have delivered tangible results. The Weighty Issue of Health We cherish the richness and depth that time confers upon life, yet we cannot escape the afflictions of disease, loneliness, and frailty. This is undeniably linked to individual constitution and the advancement of modern medicine. However, by stepping beyond traditional perspectives to redefine "health," we may uncover broader, more insightful answers. Before the mid-20th century, the "biomedical model" dominated medicine, reducing illness to abnormal physiological indicators and focusing on correction through drugs or surgery. While invaluable for combating infectious and organic diseases, this model's limitations became increasingly apparent as society developed: it overlooked psychological and social factors, failing to recognize that many chronic conditions are closely tied to emotional stress, cognitive patterns, and lifestyle choices. In response, George Engel proposed the "biopsychosocial medical model" in 1977, advocating for understanding health and illness through the interplay of biological, psychological, and social factors. This model integrates prevention, healthcare, treatment, and rehabilitation into a holistic framework. Long confined to theory due to technological constraints and systemic inertia, this approach is now being revitalized in today's longevity era, as the needs of the silver-haired generation shift from mere "survival" to "development and enjoyment." As the demands of the elderly evolve, the senior care industry chain in many countries has matured, encompassing upstream players (investment, finance, and insurance with large capital pools), midstream entities (real estate and healthcare), and downstream support sectors (senior-specific products, tourism, and education). Together, these elements form the systemic support for elderly health envisioned by Engel. Today, the broader health industry is one of the largest globally. Medical and care services for the elderly and disabled are expanding rapidly, and community-based integrated senior care services are thriving. 2. The Rise of Institutions It is evident that as the scope of demand widens, the elderly are shedding the stereotypical image of being self-sacrificing, restrained, and conservative. Instead, they are demonstrating diverse, individualized, and proactive needs. Preferences regarding senior living arrangements offer a telling glimpse of this shift. According to the Guide to a New Lifestyle for Aging Well—jointly released by Taikang Insurance and research firm AgeClub—a survey of 1,500 seniors showed a 17% year-on-year increase in visits to senior care communities in 2022. A growing number of older adults are actively abandoning traditional, solitary aging in favor of a high-quality, vibrant new life. As hubs integrating pensions, real estate, and wellness, senior care institutions are a vital window into the longevity economy. Such assets have been common features in the aging trajectories of developed nations like the U.S. and Japan, with several distinct segments based on location, services, and profit models: Active Adult Communities (AACs): Originating from the real estate sector, these are typically located in scenic suburbs or resort areas. Their primary profit model involves selling property ownership, and they do not provide medical care. Essentially, they are real estate projects with specialized senior-friendly amenities—such as golf courses and swimming pools—catering to independent seniors. The renowned Sun City is a prime example. Nursing Communities (NCs): Catering to the physically or cognitively frail, or those with chronic illnesses, these communities are situated in areas with high elderly populations. They charge short-term rents, employ professional medical staff, and are equipped with advanced facilities to provide 24-hour care. Continuing Care Retirement Communities (CCRCs): Striking a balance between AACs and NCs, these communities offer independent living, assisted living, and skilled nursing care. Residents can receive continuous care within the same community even if their health declines. Revenue comes from entry fees and monthly rents, which vary significantly based on housing type and service level. Japan also features a distinctive community-based model centered around "convenience stores." Pioneered by retail giant Lawson, this approach leverages convenience stores to extend community care and health management services. Stores host consultation and product sales counters, providing professional advice and care support. Unlike the U.S. and Japan, a significant number of China's high-quality senior care institutions are founded by life insurance companies. This strategic choice is logically sound from an investment perspective: insurers naturally hold substantial cash reserves and are among the few players with the capital strength to integrate real estate, healthcare, and wellness resources. Furthermore, the long-term, stable returns of well-run senior care communities align perfectly with the long-dated liability profile of insurance capital. Notably, top-performing CCRCs often yield returns superior to bonds while offering greater stability than stocks or commodities. U.S. commercial real estate firm CBRE reported that from 2004 to 2018, facility-based senior housing communities delivered an average annualized investment return of 14.6%, with asset appreciation and operational income contributing 7.6% and 7% annually, respectively—outperforming commercial real estate sectors like apartments, offices, and hotels. 3. Lessons from Abroad Thanks to their inherent long-term, compound-interest nature—a natural fit for retirement planning—life insurers have the potential to lead in both the pension and senior care markets. However, in the fiercely competitive U.S. market, the life insurance industry—once a dominant force—has long since lost its leading position. During the critical period of rising life expectancy, U.S. life insurers failed to adequately prioritize the middle class, mistakenly believing that demand for annuity products from affluent individuals was the key to growth. This misjudgment led the industry to largely miss out on the health insurance market. For instance, in 1995, MetLife sold its health insurance business for $1.5 billion, later finding itself unable to compete effectively in that sector. Meanwhile, the booming asset management and mutual fund industries further captured the savings needs of the middle class. After setbacks in these two key markets, U.S. life insurers faltered in the pension arena. Today, traditional life insurance premiums account for less than 30% of the pension system, down from a peak of nearly 80% in 1950. Moreover, U.S. life insurance companies rarely make direct investments in senior living real estate. The investment landscape for U.S. senior care communities is dominated by real estate developers and established REITs (Real Estate Investment Trusts). These entities either lease the communities to operators for rent or adopt a management contract model, paying operators 5-6% of revenue while bearing the risks themselves. Sun City exemplifies the real estate developer-led model. Its originator, developer Del Webb, noticed that Arizona's hot, dry, sunny climate was ideal for retirees from colder northern states. Seizing the opportunity, Webb began constructing communities tailored for this demographic. At the time, the "active community" concept was nascent. A cautious Webb initially released a limited number of homes, complemented by a shopping center, recreation center, and golf course. On opening day, his community drew 100,000 visitors, causing traffic jams. Webb soon graced the cover of Time magazine. Unlike in China, cash-rich U.S. insurers did not enter the market directly. Instead, they invested indirectly through REITs. For example, AIG invested in California CCRCs via REITs, and MetLife also holds indirect stakes in numerous senior living communities through healthcare REITs. However, communities operated solely by real estate developers have inherent limitations. The Longevity Era points out that both active communities and CCRCs create a sense of superiority through high-quality consumption, making residents feel their lifelong efforts have been rewarded. This reliance on a superiority-oriented mindset ties the industry's fate closely to a nation's economic strength, middle-class size, and pension system. As lifespans extend, this high-consumption model—lacking integrated financial tools—inevitably faces the risk of retirees outliving their savings. The U.S. experience offers two key lessons: First, facing the "blue ocean" of senior care, the life insurance industry must decisively seize the strategic window for developing pensions and the senior care industry. Second, a senior care community only achieves a true closed-loop of service and security when it incorporates a complete mechanism for recycling individual funds. 4. The "New Life Insurance" Model The term "New Life Insurance" was first introduced by Chen Dongsheng during an academic conference in late 2023. Shortly after, in a signed article titled Embracing New Life Insurance for High-Quality Industry Development, he elaborated on the concept. He proposed adding a "service end"—encompassing medical care, senior living, health, and wellness—to the traditional two-dimensional structure of liabilities and investments. Later that year, in his book Strategy Determines Everything, he discussed the bottlenecks faced by the life insurance industry in mature Western markets, stressing that seizing strategic opportunities is key to achieving leapfrog development. In the year that followed, this "New Life Insurance" model—restructuring the industry's value chain—sparked widespread discussion. For years, senior care communities have been one of Taikang's most recognizable flagship offerings. In fact, many perceive Taikang first and foremost as a professional, high-end, and valuable senior care service provider, and only secondarily as a leading insurer. Also in Strategy Determines Everything, Chen Dongsheng shares for the first time the original intent behind the company's senior care strategy, the doubts, challenges, and hardships faced during its execution, and the perseverance that followed. He condenses years of experience and reflection into the book's title. For a long time, the primary contributor to the life insurance value chain has been the interest spread from the asset side. But over the past two decades, global mature markets have been trapped in a low, even zero-interest-rate environment, putting long-term pressure on investment returns. China's life insurance industry has also entered a "deep-water zone" of transformation in the last five years, with diminishing marginal benefits across the value chain. Meanwhile, the advent of the longevity era presents new, unavoidable challenges for individuals concerning health and wealth in old age. Thus, the entire industry faces immense pressure: the challenges are clear, but the path forward is not. Failure to seize this critical strategic period could lead, at best, to a fate like the U.S. life insurance industry—relegated to a secondary role, ceding market share. At worst, companies could face bankruptcy due to interest spread pressure, potentially triggering systemic risk. The "New Life Insurance" model, characterized by the three-pronged synergy of "Payment + Services + Investment," is Taikang's proposed solution. By incorporating the "service end," Taikang's "Happiness Plan" insurance product provides long-term, stable cash flow, enhancing clients' ability to pay for future services. Comprehensive medical and wellness services, in turn, stimulate insurance sales, while high-return assets like senior care communities help alleviate "asset scarcity." Robust investment returns stabilize the interest spread, naturally boosting the competitiveness of the insurance products. This increasingly detailed blueprint also explains why, while state-owned and centrally-administered enterprise giants have been slow to activate their senior care engines, Taikang embarked early on the "more challenging path" of building its own asset-heavy communities. The book highlights several key milestones in Taikang's senior care journey: 2007: Identified senior care services during its search for a "second growth curve." 2009: Secured the first regulatory pilot approval from the China Insurance Regulatory Commission (CIRC) for a life insurer to operate a senior care community. 2012: Launched "Happiness Plan," its first large-scale annuity product linked to a senior care community, and began constructing its high-end community, Taikang Home•Yanyuan. This marked a breakthrough from the traditional life insurance model to a "payment + senior care services" approach. Thereafter, Taikang's strategy crystallized. It moved into healthcare, building rehabilitation hospitals for each community, and expanded its service network into end-of-life care, forming three interconnected closed loops: Longevity, Health, and Wealth. This journey was inevitably fraught with challenges best left unsaid. On the title page of Strategy Determines Everything, Chen Dongsheng inscribed: "Pursue pure goals, stay single-minded, do the right thing—time is the answer." As of 2025, Taikang has cumulatively invested more than RMB 50 billion in the construction and operation of healthcare and elderly-care services. In addition, over RMB 17 billion has been invested in companies across the broader healthcare ecosystem. Taikang Home has developed 47 projects in 37 cities nationwide, with a resident population exceeding 20,000. The "Happiness Plan" has evolved into four systems: "Longevity Plan," "Health Plan," "Wealth Plan," and "Graceful Aging Plan," serving a total client base exceeding 300,000. Its team of Health and Wealth Planners has grown to over 20,000 members. Genuine three-pronged synergy constitutes Taikang's unique "moat" in both the life insurance and senior care markets. From 2007 into 2025, Taikang is narrating not just a corporate story for the Chinese market, but a Chinese story for the global stage. In 2025, amid economic transition, shifting growth drivers, industry transformation, and capital market pressures, Taikang continued to execute its "New Life Insurance" strategy. It achieved annual growth in revenue, new business value, and net profit, while maintaining sufficient solvency. Having navigated the senior care sector for nearly two decades, Taikang's industry-leading strategy has been consistently validated by time. The market has good reason to expect even greater value from "New Life Insurance" in the future.
The '10+10' Promo combines a 10% discount on car insurance and an additional RM10 at checkout, with FREE road tax available towards the end of each month. KUALA LUMPUR, Malaysia, Dec. 30, 2025 /PRNewswire/ -- PolicyStreet is rolling out its largest car insurance promotion to date with the launch of its '10+10' Promo, offering an uncapped 10% discount on car insurance premiums alongside an additional RM10 discount. Complemented by their free road tax offering, the campaign is designed to help Malaysians compare insurers and choose coverage that delivers the greatest value, best suited for their lifestyle. Enjoy PolicyStreet’s ‘10+10’ Promo with a 10% discount on car insurance and an additional RM10 at checkout, plus FREE road tax available towards the end of each month. "Running from 2 January until the end of April, the '10+10' Promo is structured around how Malaysians spend at different points of the month, as financial priorities and cashflow needs are not the same for everyone. Our goal is to make car insurance more accessible by offering meaningful savings and flexible options that cater to Malaysians across different financial situations," said Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet. From the 1st to the 24th of each month, Malaysians can enjoy a 10% discount on their car insurance base premium after Non-Claim Discount (NCD), along with an additional RM10 discount provided by PolicyStreet, which will be reflected at the checkout page. The promotion is available daily during two dedicated sale windows, from 10 am to 11 am and 10 pm to 11 pm. For Malaysian drivers with base premiums of RM1,000 and above after NCD, the uncapped 10% discount translates into at least RM100 in savings. From the 25th until the last day of the month, the campaign shifts focus to affordability, offering free road tax capped at RM90. Malaysians can pair this promotion with Buy Now, Pay Later (BNPL) options such as Atome, SPay Later, or Grab PayLater, helping to manage upfront costs while maintaining essential coverage. As with PolicyStreet's previous sales campaigns, customers can request a quotation via car.policystreet.com and complete payment during the designated sales windows to enjoy the promotion, no promo codes needed. Quotation links remain valid for up to two weeks, allowing customers sufficient time to review their options before proceeding with payment. By running the campaign across the entire first quarter, PolicyStreet aims to give Malaysians the time and flexibility to plan, compare policies across insurers, and make informed decisions, rather than rushing into renewals out of necessity. Beyond discounts, PolicyStreet continues to offer Malaysians a seamless digital experience, enabling them to compare car insurance policies across insurers, renew road tax, and explore flexible payment options, all in one place. As Malaysians look to stay on track with their financial goals in 2026, PolicyStreet's '10+10' Promo reinforces a simple idea: meaningful savings should not come at the expense of choice. By combining smarter comparisons with meaningful discounts and flexible payment options, Malaysians can make more informed car insurance decisions as they start the year. For more information on the '10+10' Promo, visit https://policystreet.com.my/tnc. About PolicyStreet PolicyStreet is a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia. PolicyStreet works directly with over 40 life, general insurers and Takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful and simple for businesses and consumers. As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide. PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 10 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as "Fintech of the Year" at The Asset's Triple A Digital Awards and was the winner of the Fintech Excellence Award for Financial Inclusion at the Singapore Fintech Festival, endorsed by the Monetary Authority of Singapore (MAS). The company was also ranked as the second-highest Malaysian company in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.
CMT is honored for advancing crash technology and shaping the future of mobility ecosystems through industry-leading telematics, AI-driven insights, and connected claims innovation. SAN ANTONIO, Dec. 19, 2025 /PRNewswire/ -- Frost & Sullivan is pleased to announce that Cambridge Mobile Telematics (CMT), the world's largest telematics service provider, has been given the 2025 Global Market Leadership Recognition in the telematics insurance and connected claims sector for its outstanding achievements in sustainability, driver engagement, behavioral improvement, operational efficiency, and social impact. This marks the second consecutive year CMT has earned Frost & Sullivan's highest recognition in this category. This recognition highlights CMT's consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape. Guided by a long-term growth strategy focused on building a mobility ecosystem and elevating customer engagement, CMT has shown its ability to adapt and lead in a rapidly evolving environment. The company's strategic agility and sustained investment in crash detection and mobile telematics innovation have enabled it to scale effectively across global markets, expanding its impact on road safety and insurance transformation worldwide. "Frost & Sullivan commends CMT for advancing crash detection technology with unmatched precision, expanding coverage through strategic integrations, and delivering scalable solutions that set new standards for safety and insurer value," states Parduman Satpal, Industry Analyst at Frost & Sullivan. Innovation remains central to CMT's approach. Its suite of solutions—including crash detection, driver engagement, embedded insurance capabilities, digital claims enablement, roadside assistance activation, real-time weather alerts, and proactive engagement tools—addresses the full spectrum of mobility and connected claims needs. These capabilities are powered by compliant and scalable platforms, AI-driven analytics, and flexible deployment models, enabling insurers, mobility providers, and drivers to improve safety outcomes and reduce claims costs. CMT's AI leadership is driven by DriveWell Atlas, a suite of telematics foundation models that learns the underlying physics of motion, force, and trajectory across CMT's global dataset. This provides new levels of context, precision, and insight for insurers, mobility providers, and drivers. CMT's DriveWell Fusion platform unifies sensor data from smartphones, connected cars, proprietary Tags, dashcams, and third-party devices, delivering a harmonized and highly accurate view of driving behavior, crash events, and risk. CMT's unwavering commitment to customer experience further strengthens its position in the global market. By streamlining service delivery, embedding real-time safety tools, and maintaining consistently high platform availability, the company continues to meet the needs of insurers, drivers, and mobility partners worldwide. Its collaborative approach, privacy-first framework, and strong global partner network have been essential in delivering long-term value across diverse market segments. The measurable safety impact of CMT's platform has been significant. Programs powered by CMT have lowered distracted driving by 20 percent, reduced hard braking by 9 percent, and cut injury claims by more than 5 percent. To date, CMT's technology has helped prevent more than 100,000 crashes and 54,000 serious road-related injuries. "CMT exists to make the world's roads and drivers safer, and that mission drives every decision we make," said William V. Powers, Co-Founder and CEO of CMT. "Our teams are building technology that reduces crashes, protects people in critical moments, and delivers new mobility experiences at a global scale. We're expanding into new markets, partnering across industries, and pushing innovation forward from every angle, from advanced AI to next-generation safety services. We're humbled by Frost & Sullivan's recognition." Frost & Sullivan commends CMT for setting a high standard in competitive strategy, execution, and market responsiveness. The company's mission-driven culture, innovation pipeline, and customer-first philosophy are shaping the future of telematics insurance and connected claims, driving tangible safety and efficiency results at scale. Each year, Frost & Sullivan presents the Market Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. It recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence. Frost & Sullivan Best Practices Recognition Frost & Sullivan's Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.Contact us: Start the discussion. ContactCamila TinajeroE: camila.tinajero@frost.com About Cambridge Mobile Telematics Cambridge Mobile Telematics (CMT) is the world's largest telematics service provider. Its mission is to make the world's roads and drivers safer. The company's AI-driven platform, DriveWell Fusion®, proactively identifies and reduces driving risk, leading to fewer crashes and injuries, making mobility safer. To date, CMT's technology has helped prevent over 100,000 crashes worldwide. CMT partners with insurers, automakers, commercial mobility companies, and the public sector to measure risk, detect crashes, provide life-saving assistance, and streamline claims. Headquartered in Cambridge, MA, CMT operates globally with offices in Budapest, Chennai, Seattle, Tokyo, and Zagreb. Learn more at www.cmt.ai. ContactErica Camilo, erica@connexacommunications.com, +1 610 639 5644
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