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Huawei and CPIC Sign Strategic Cooperation Agreement to Promote the Development of ICT Architecture for the Insurance Industry

Sep 20, 2014

[Shanghai, China, September 17, 2014] Huawei, today signed a strategic cooperation agreement with leading Chinese insurance provider China Pacific Insurance Co., Ltd. (CPIC) to develop a joint technology application laboratory to develop ICT architectures for the insurance industry. Signed during the Huawei Cloud Congress 2014 in Shanghai, the agreement indicates that Huawei and CPIC will combine their expertise in ICT and insurance, leverage innovative technologies, and develop advanced applications. The companies’ joint R&D efforts will leverage next-generation ICT architecture to promote and lead the transformation of insurance companies in the mobile Internet era.

The signing ceremony was attended by Huawei and CPIC’s senior executives including Mr. Eric Xu, Rotating CEO, Huawei; Mr. Yan Lida, President, Enterprise Business Group, Huawei, Mr. Ma Yue, President, Enterprise Business Group in China, Huawei; and Mr. Huo Lianhong, President, CPIC; and Mr. Gu Yue, Executive Vice President, CPIC.

“CPIC and Huawei are aligned and share common goals in the digital age. We have laid a solid foundation and our strategic partnership is based on the expertise and market recognition that we bring from our respective sectors. Supported by Huawei’s extensive technological experience, strong research and development capabilities, and advanced technologies, CPIC will explore new business opportunities in the mobile Internet era. Concurrently, CPIC will bring forward our expertise and understanding of the insurance industry and provide a reliable R&D platform for Huawei to develop industry-specific applications. Based on our shared values, aligned strategic approach, and complementing areas of expertise, CPIC and Huawei will develop applications based on cloud computing, big data and other new technologies, and work together on the investment-linked insurance business and other areas,” said Mr. Gu Yue.

Mr. Yan Lida said, "Over the last few years, the development of cloud computing, big data, and mobile Internet has posed challenges to the insurance industry’s traditional business model. With a focus on ICT development since its establishment, CPIC has been leading the industry with innovative ICT architecture. By leveraging Huawei’s experience in providing ICT technology to the financial services industry and R&D capabilities in enterprise networking, cloud computing and big data, we will work together to develop future-orientated ICT architectures for CPIC.”

Huawei will develop new ICT infrastructures and solutions for CPIC based on cloud computing and big data technologies. These infrastructures and solutions will support CPIC's strategic development, enhance its competitiveness, and ensure the information security of CPIC's mobile applications. CPIC will leverage its extensive experience in risk management and multi-dimensional service platforms to provide Huawei with a comprehensive risk prevention solutions and asset management services . By leveraging Huawei and CIPC’s respective areas of expertise, the companies will promote product and services innovation to offer convenient, cost-effective, and diversified services for the insurance industry.