Beijing Nova Insurance enters partnership with Towngas Lifestyle

They aim to establish a joint working group for insurance brokerage.

Beijing Nova Insurance Services Limited has partnered with Towngas Lifestyle (Shenzhen) Information Services Company Limited to establish a joint working group to build up a professional service and technical team to provide insurance brokerage services to the Towngas Group member companies and their gas users.

Towngas Lifestyle is a wholly-owned subsidiary of The Hong Kong and China Gas Company Limited.

Beijing Nova Insurance will leverage Towngas’ customer base of nearly 40 million on Chinese mainland and its gas service channels to provide insurance services, whilst the gas companies of Towngas will leverage the support of Beijing Nova Insurance and Towngas Lifestyle to enhance the safety and insurance awareness of city gas customers and provide them with safer and better gas services.

Under the Strategic Cooperation Framework Agreement, the joint working group formed under Towngas Lifestyle and Beijing Nova Insurance aims to leverage the information technology and system development capabilities of Towngas Lifestyle to create a dedicated customer service platform for Beijing Nova Insurance, with a view to realising real-time sharing of business data amongst Towngas Group member companies and extensive digitalising the insurance services.

At the same time, the platform will continue to optimise its product structure and improve its marketing strategy through accurate analysis of users and the market, starting with comprehensive gas insurance and gradually introducing more package types and configurations to provide one-stop services to customers.

The agreement was signed on 18 May 2022 represented by Mr. Isaac Yeung, Head of Corporate Affairs of Towngas, and Dr. Steve Cheng, representative of Beijing Nova Insurance and Executive Director of FSE Lifestyle.