Oct 11, 2019 (China Knowledge) - Chinese technology giant Huawei Technologies (002502) is set to partner with Funde Insurance Holdings to promote innovation within the insurance industry. Both companies have agreed to a business development cooperation framework in areas such as cloud computing, big data, artificial intelligence (AI), the Internet of Things (IoT) and information security within the insurance sector.
Under the agreement, Huawei will provide cloud computing resources to Funde, as well as enhance the latter’s research and development of its cloud computing technologies. Huawei will also assist Funde’s customers engagement and experience through collaboration in facial, speech and image recognition, among others.
In addition, with Huawei’s leading position in the up-and-coming 5G technologies, both companies will also work closely in developing relevant and applicable solutions within the insurance industry. In particular, 5G-enabled IoT technologies will be explored to strengthen Funde’s network security and information system capabilities.
Last but not least, both Huawei and Funde will establish joint innovation labs for research and development of relevant technologies applicable in the insurance and financial sectors. These innovation labs will enable the companies to compile their resources and better prepare for future fintech trends, as well as establish new standards and solutions within the insurance industry.
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