Expanding Its Diversified Distribution Network and Opening a New Chapter in Business Development
HONG KONG, Nov. 4, 2026 /PRNewswire/ -- Hong Kong Life Insurance Limited ("Hong Kong Life") today announced the official launch of its insurance brokerage distribution channel at the Hong Kong Life Insurance Brokerage Business Launch Ceremony. The launch marks a significant milestone in the Company's business expansion and the development of its diversified distribution network. The event brought together management from Yuexiu Group and Hong Kong Life, representatives of insurance brokerage firms and industry partners, to witness this important milestone in Hong Kong Life's business development.
The year 2026 marks Hong Kong Life's 25th anniversary and its first anniversary as a member of Yuexiu Group. Building on its solid business foundation in Hong Kong and the support and resource strengths of Yuexiu Group, Hong Kong Life is actively advancing its business development strategy. While continuing to strengthen its established bancassurance business, the Company is expanding its insurance brokerage channel to build a more comprehensive distribution and service network, providing customers with a wider range of life protection and wealth management solutions.
Mr. Raymond Chang, Chief Executive of Hong Kong Life, said, "Hong Kong Life has been rooted in Hong Kong for 25 years and has remained committed to providing customers with quality life protection and wealth management services. The official launch of our insurance brokerage channel marks an important milestone in our business expansion and the development of our distribution network. We look forward to building relationships based on mutual trust and shared success with our insurance brokerage partners. By continuously enhancing the competitiveness of our products, operational efficiency and service quality, we aim to work together to create greater value for our customers and business partners."
In response to increasingly diverse market needs for wealth growth, wealth transfer, protection and retirement planning, Hong Kong Life recognises the important role of insurance brokerage partners in understanding market trends, identifying customer needs and providing professional services. Through the expansion of its insurance brokerage channel, the Company aims to work closely with brokerage partners with extensive market experience and professional expertise to provide insurance and wealth management solutions better suited to the needs of different customer segments.
Hong Kong Life will continue to enhance its products and services and introduce new offerings, improve operational efficiency and advance digitalisation. The Company will also strengthen product training, sales support and brand promotion to build a solid and sustainable platform for collaboration with its insurance brokerage partners.
Looking ahead, Hong Kong Life will continue to draw on its strengths as a Hong Kong-based insurer with connections to the Guangdong-Hong Kong-Macao Greater Bay Area to explore business development and cross-sector collaboration opportunities. By further developing its diversified distribution channels, the Company remains committed to providing customers with more comprehensive, high-quality insurance services.
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About Hong Kong Life
Hong Kong Life Insurance Limited ("Hong Kong Life") was established in 2001 and is committed to providing customers with comprehensive and convenient insurance and wealth management services through an extensive distribution network of approximately 130 distribution locations, including Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank (Hong Kong), and Shanghai Commercial Bank. Yue Xiu Enterprises (Holdings) Limited, a subsidiary of Yuexiu Group, successfully completed its acquisition of Hong Kong Life on 9 October 2025, and Hong Kong Life officially became a member of Yuexiu Group. The Company commenced business through its insurance brokerage channel in the fourth quarter of 2026.
About Yuexiu Group
Yuexiu Group is a conglomerate ranking top in asset size among all state-owned enterprises in Guangzhou, having strong presence across different sectors including banking and finance, real estate, transportation infrastructure and food, etc. Yuexiu Group holds six listed platforms, namely Yuexiu Property (123.HK), Yuexiu Transport Infrastructure (1052.HK), Yuexiu Real Estate Investment Trust (405.HK), Yuexiu Services (6626.HK), Yuexiu Financial Holdings Group Co. Ltd. (000987.SZ) and China Asset Management – Yuexiu Highway REIT (180202.SZ). Yuexiu Group is also the holding company of Chong Hing Bank Limited and Chong Hing Insurance Company Limited.
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Hong Kong Life Officially Launches Insurance Brokerage Channel
- New research from ARC Advisory assesses top 16 suppliers of EAM systems
- Recognition reflects more than 40 years of EAM innovation and deep expertise in asset-intensive operations
ZÜRICH, Switzerland, Nov. 5, 2026 /PRNewswire/ -- Hitachi Energy, the global leader in electrification, has been positioned as a Leader in Enterprise Asset Management (EAM) software by ARC Advisory Group, reflecting the company's deep industry expertise, extensive installed base, and continued investment in solutions for mission-critical, asset-intensive operations. The findings are part of ARC's comprehensive research study "ARC MarketMap for Enterprise Asset Management 2026."
Read the ARC MarketMap for Enterprise Asset Management 2026 excerpt: https://www.hitachienergy.company/G3j
According to the study, "Hitachi Energy has established a strong position through its industry expertise, extensive installed base and continued investment in expanding and enhancing its portfolio." ARC adds, "The company has particularly strong domain alignment with power utilities and grid infrastructure, supported by deep expertise in transformers, substations, and high-voltage asset environments. The supplier's strength lies in combining operational technology depth with digital asset intelligence to support resilience, uptime, and long-term infrastructure modernization."
EAM expertise built for mission-critical operations
For power utilities, transportation operators, and other asset-intensive organizations, EAM provides the operational foundation for managing physical assets throughout their lifecycle, connecting asset planning, operations, maintenance, work execution, and lifecycle decisions from commissioning through retirement. By providing a consistent view of assets, work, resources, and costs, EAM helps organizations improve asset reliability, increase operational and workforce efficiency, and optimize lifecycle costs while reducing the risk of disruptions to essential services.
"For more than 40 years, we have developed EAM solutions around the realities of maintaining the assets and infrastructure society depends on," said Andy Howell, Global Head of Enterprise Software Solutions Product Group, Hitachi Energy. "That combination of operational technology expertise, industry knowledge, and proven delivery continues to distinguish Hitachi Energy. ARC's recognition reflects both the value our customers achieve today and our strategy to advance EAM through cloud, data, AI, and strategic collaboration."
Hitachi Energy's EAM portfolio includes Ellipse EAM for electric utilities and other asset-intensive industries, and Asset Suite for the specialized requirements of nuclear power operators.
Advancing EAM through strategic collaboration with Microsoft
Building on this established EAM foundation, Hitachi Energy is advancing the next generation of asset management through its strategic alliance with Microsoft, which ARC identifies as a significant differentiator. As announced in January 2026, the companies are bringing together Hitachi Energy's Ellipse EAM and asset-intensive industry expertise with Microsoft's cloud, data, productivity, and AI technologies. The unified solution will establish a common data foundation and apply agentic AI across asset management and business workflows, enabling users to act on better insights, streamline work, and strengthen the safety, reliability, and affordability of essential infrastructure.
"We congratulate Hitachi Energy on this well-deserved recognition as a leader in enterprise asset management," said Dayan Rodriguez, Corporate Vice President, Manufacturing and Mobility, Microsoft. "EAM is fundamental to how asset-intensive organizations sustain critical operations and adapt to growing demands. Through our collaboration with Hitachi Energy, we are bringing together complementary capabilities to support a more connected approach to asset and operational management—one that enables users to put data to work, make timely decisions, and continuously improve performance."
How ARC evaluates EAM leaders
ARC's evaluation of EAM suppliers relied on customer reference interviews, live capability demonstrations, and vendor responses to a 75-parameter questionnaire covering technical competencies, quality of delivery, digital maturity, innovation roadmaps, corporate alignment, and client satisfaction benchmarks. Leaders in ARC's study are defined as suppliers exhibiting strong current performance and a clearly articulated future strategy and demonstrate:
- Established solution capabilities and mature technology foundations
- Consistent delivery execution
- High levels of customer satisfaction
Founded in 1986, ARC Advisory Group is a global research and advisory firm specializing in Industrial AI, digital transformation, operational excellence, cybersecurity, and the technologies that underpin next-generation industrial ecosystems.
Trademark notice: All trademarks and product names are the property of their respective owners
About Hitachi Energy
Hitachi Energy is a global leader in electrification, powering the electricity era to meet the energy demands of today, and the next 25 years. As the energy arm of Hitachi Group, over three billion people depend on our pioneering, mission-critical technologies to power their daily lives. With over a century of innovation, we are addressing the most urgent energy challenge of our time: driving the evolution of the world's energy system to ensure abundant, secure, affordable, and sustainable power for today's generation and the next. With an unparalleled installed base in over 140 countries, we are the grid ecosystem partner across the utility, industry, data center, and transportation sectors. Headquartered in Switzerland, we employ over 56,000 people in 60 countries and generate revenues of around $20 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://x.com/HitachiEnergy
About Hitachi, Ltd.
Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates worldwide across four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com.
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Hitachi Energy earns Leader recognition in enterprise asset management for mission-critical industries
