China

It focuses on digitalising financial institutions and leveraging data and technology.

This is driven by the rising complexity and frequency of cyberattacks.

The country came second behind the US in terms of total premium volume in 2020.

ZYIC has reported net profits consistently over the past five years.

It should complement AIA's operations and expansion strategy in China.

This is to ensure that troubled financial institutions won't end up needing costly bailouts.