SAIC Motor and Lockton Establish Strategic Partnership to Support Chinese Auto Brands’ Global Expansion
SAIC Motor, one of China’s leading automotive groups, recently reached a strategic partnership between SAIC Motor Insurance Co., Ltd., a wholly-owned captive insurance company of SAIC Motor, and Lockton, the world’s largest independent insurance brokerage company. The two parties will focus on the internationalization process of SAIC Motor’s brand and carry out in-depth cooperation in the fields of risk management, insurance solutions and cross-border operation support to help China’s automobile industry achieve high-quality and sustainable international development.
Personalization and Digitalization: Rethinking Flexible Benefits for a Multigenerational Workforce
HR leaders today are navigating the complex expectations of a workforce spanning four generations—Baby Boomers, Gen X, Millennials, and Gen Z. Each group brings distinct preferences when it comes to employee benefits, making a one-size-fits-all approach increasingly outdated. In response, flexible benefits have emerged as a strategic and powerful solution to meet diverse needs.
Lockton China and Shanghai Hongqiao Central Business District cooperate to provide businesses with international services
(Shanghai, August 18) Lockton Companies (China) Insurance Brokers Limited and Shanghai Hongqiao International Central Business District (CBD) Administrative Committee signed a strategic cooperation agreement to jointly develop and provide international services to businesses in the area.
The signing ceremony was held in the Investment Promotion and Service Centre of Shanghai Hongqiao International CBD and attended by Kong Fu’an, Party secretary and Executive Deputy Director of the Shanghai Hongqiao International CBD Administrative Committee; Yang Xubo, Deputy Director; Tony Hardy, CEO of Lockton Asia; Alex Yip, CEO – Lockton Greater China; Darwin Gu, Head of Lockton Shanghai.
Typhoon Disaster Prevention and Maintenance for Building Structures
China is one of the countries affected most severely by typhoons globally. These climate events are characterized by the huge size of the affected area, high frequency, and the heavy loss and damage they caused. For various reasons, our clients suffer from losses due to typhoon events every year which have caused substantial property damage and injuries or deaths of their personnels.
Food Safety Liability Insurance
One more line of defense for long-term business operation with no more worries
It is summer vacation time and the peak season for the sales of milk tea – the hip beverage wildly popular among young people in China. Many milk tea brands recommended by social media influencers have appeared into public view. However, food safety in this “new tea” industry has become a major concern of the society.
Flood risk mitigation: preparing a response plan
Major weather events have become a regular feature on our daily news including periods of prolonged rainfall resulting in flood events. Flooding can cause widespread damage and disruption to homes, businesses, and national infrastructure, potentially resulting in costly restoration and business interruption. The continued effects of climate change mean extreme weather events are projected to increase in severity and likelihood. Preparation before a flood event is key to help avoid or minimize the impact of a flood loss.
Parenting and Productivity: A Winning Workplace Formula Focused on Employee Benefits and Wellbeing
In today’s evolving work environment, employee wellbeing stands as a cornerstone of successful organizations. For working parents, balancing professional duties with family life is critical not only for personal happiness but also for workplace productivity. Companies that prioritize family-friendly policies and employee benefits not only retain top talent but also foster a culture of trust, loyalty, and wellbeing.
Employer’s Legal Liability Beyond Work Injury Compensation
Employer’s liability refers to the legal responsibility that the employees made to their employer in the employees’ bodily injury claims due to the employer’s intentional act, negligence or liability without fault.
Although most people’s first reaction could be work injury compensation, in fact, the employer’s legal liability includes many other aspects not limited to that.
Protecting businesses against a rising cyber threat
A rapidly changing cyber risk landscape requires companies to reassess defence levels regularly to minimise potential damage to their balance sheets and reputations. While cyber insurance underwriters have become very selective in their approaches, this process is having a positive effect in helping companies to identify and address their weaknesses.
Travelling Aboard – From A Risk Management Perspective
With China’s increasing foreign trade and cultural exchange with the world, Chinese people travelling for business and leisure purposes becoming more and more frequent. When travelling abroad, the problems faced by the people can be related to language, local customs and habits, region and culture, safety, transport, medical needs and many situations differ from those in China. From a risk management perspective, these differences imply risks. Some of them could be relatively riskier than others which need better preparations and serious precautions.
