In a recent announcement, PICC Property & Casualty Co (HK:2328) has unveiled a significant update to its service framework agreement with PICC Technology. The company aims to enhance its nationwide entrusted operations and establish regional service centers by the year 2025 through this agreement. The responsibilities for these services have been shifted from PICC Financial Services to PICC Technology, with the primary goal of improving service efficiency by utilizing AI and other advanced technologies.
By leveraging the expertise and resources of PICC Technology, PICC Property & Casualty Co is looking to streamline its operations and improve the overall customer experience. This collaboration will not only benefit the company in terms of operational efficiency but also contribute to its long-term growth and sustainability in the competitive insurance market. The decision to bypass independent shareholder approval for this transaction indicates the company’s confidence in the strategic alignment of this agreement with its business objectives.
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