Blue Cross Insurance Wins Platinum Award for Integrating InsurTech into Medical Insurance Services

HONG KONG,March 25,2019 -- Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross") has wonthe "Insur-Tech Platinum Award" ("the Award") at the "IFTA Fintech Achievement Award 2018" organised by the Institute of Financial Technologists of Asia Limited (IFTA). The award is a testament to Blue Cross' success in integrating InsurTech into its medical insurance services to enrich and enhance customer experience.

Mr. Patrick Wan,Managing Director of Blue Cross (middle) receives the “Insur-Tech Platinum Award” on behalf of the Company at the “IFTA Fintech Achievement Award 2018”.

The Award recognises Blue Cross for integrating industry leading innovative technology solutions into its services,as Blue Cross is the first insurance company in Hong Kong to adopt Blockchain technology in its newly developed mobile app,which provides one-stop medical insurance services,and greatly enhances the efficiency and security of its medical network services.

Mr. Patrick Wan,Managing Director of Blue Cross,said,"We are honoured to receive the 'Insur-Tech Platinum Award',which recognises our continued efforts in insurance service innovation. Blue Cross has been an InsurTech pioneer in providing all-round online services to our customers since 2000,delivering a secure,convenient and efficient service experience through the launch of various digital innovations. We have recently integrated Blockchain technology into our medical insurance services,which will allow our corporate clients to experience even higher quality and more secure services through our ready-to-launch mobile app. To suit individual customers' needs,we will roll out a wider range of services in the mobile app,with a view to further demonstrating our strengths in medical insurance,particularly in the aspect of digital transformation. This Award serves as a strong encouragement and affirmation for us to accelerate our digitalisation journey. We will continue to strive to be our customers' most preferred personal insurance partner by planning together for a 'Smart' life."

Organised by the Institute of Financial Technologists of Asia Limited,the"IFTA Fintech Achievement Award 2018" aims at recognising companies,non-governmental organisations,non-profit organisations and individuals that have utilised,integrated or implemented information technology solutions for financial services in creative and innovative ways; acknowledging their efforts in promoting FinTech knowledge and competency; and increasing the overall visibility of financial technology in Hong Kong and reinforcing Hong Kong's position as a top-notch FinTech hub. Award winners are highly praised for their innovation,professional trainings,industrial and social impact,sustainability,security,performance and quality,globalisation and scalability,competence and leadership,level of concern for the industry,cost effectiveness and business model,and compliance with rules and regulations.

Blue Cross (Asia-Pacific) Insurance Limited

Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross") is a memberof The Bank of East Asia Group. With50years of operational experiencein the insurance industry,Blue Cross provides a comprehensive rangeof products and services including medical,travel and general insurance,which cater tothe needs of both individual and corporate customers.

In 2018,Blue Cross was assigned a financial strength rating of A (Excellent) and the long-term issuer credit rating of "a" by A.M. Best,a global full-service credit rating firm specialising in the financial service industry. For the latest rating,please access www.ambest.com.

Disclaimers:

- This press release is for distribution in Hong Kong only. The distribution of this press release is not and shall not be construed as an offer to sell or a solicitation to buy or a provision of any insurance product outside Hong Kong.

- Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of The Bank of East Asia,Limited and a member of the BEA Group. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.

Photo - https://photos.prnasia.com/prnh/20190325/2412730-1