SOS Limited announced that it entered into a strategic cooperation agreement with Zhonglu Property And Casualty Insurance Co, Ltd to cooperate in the area of big data precision marketing, insurance product promotion and big data intelligent analysis.
Currently, SOS has a nationwide membership base of approximately 20 million. It currently works with more than 100 offline rescue service providers, banks, voice service robots, 100 24-hour customer service hotlines, and the national rescue service hotline 952122, etc. The core infrastructure of SOS insurance marketing and service supply chain is built on big date, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc.
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Zhonglu is a leading full-licensed nationwide property and casualty insurance provider in China, providing the following insurance products and services: motor vehicle insurance, residential property insurance, business property insurance, engineering insurance, liability insurance, cargo transportation insurance, ship insurance, accident insurance, short-term health insurance, etc. In the last five years, Zhonglu has written insurance policies over 3 trillion RMB. It currently has a marketing and service network of 3 subsidiaries,14 central branches and 24 branches, with a full coverage of major cities in Shandong Province, China.
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On December 28,2020, SOS and Zhonglu entered into a strategic partnership agreement to create the synergy and sharing in sales channels, branding and technology for insurance marketing and services. Based on the parties’ projection, during next five years, through the strategic cooperation and mutual promotion of online channels from both sides, such as APP, service robots, etc, this strategic partnership will create a total of 10-20 million new members for both parties, with 3 million in 2021, 7 million in 2022, and 10 million in 2023, and add sales of RMB 5.1 billions respectively for each side.
SOS Chairman Yandai Wang commented, “as we still face market uncertainty and ongoing disruptions from the pandemic, I am confident that this strategic partnership between SOS and Zhonglu will make both parties more resilient and risk-tolerant, and achieve 1+1>2.”
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