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New Water Bill Receipt Fee Sparks Outrage Among Residents in Bokeo

New Water Bill Receipt Fee Sparks Outrage Among Residents in Bokeo
This image is used only for representational purpose (photo: metrohm)

Bokeo Province’s Water Supply State Enterprise has stirred controversy with a new regulation requiring households to pay LAK 10,000 (approximately USD 0.47) for every water bill receipt. Residents are condemning the move, labeling it a burdensome financial measure by the government.

HKU hosts Inaugural Hong Kong Climate Forum Fostering collaborations to create regional and international impact on the climate front


HONG KONG SAR – Media OutReach Newswire – 11 April 2024 – The ambitious sustainability goals set by China and California, US, which are at the forefront of combatting climate change, have made collaborations between the Greater Bay Area (GBA) and the American state more pertinent than ever, speakers at the inaugural Hong Kong Climate Forum: Greater Bay Area – Climate Action and Cooperation held on 25 March at the University of Hong Kong noted.

HKU hosts Inaugural Hong Kong Climate Forum Fostering collaborations to create regional and international impact on the climate front
HKU hosts Inaugural Hong Kong Climate Forum Fostering collaborations to create regional and international impact on the climate front

Announced by President Xi Jinping in 2020, China has set a goal of having CO2 emissions peak before 2030 and achieving carbon neutrality before 2060, while California is committed to achieving carbon neutrality by 2045, which was codified into Law by Governor Gavin Newsom.

Paul CHAN Mo-po, Financial Secretary of HKSAR, unveiled in his remarks Hong Kong’s vision and the government’s commitment in developing a sustainability disclosure ecosystem and formulating a set of local sustainability reporting standards aligned with international standards. He further highlighted the city’s strong foundation in research and education, particularly within its universities, as well as the significant presence of green-technology companies in Science Park and Cyberport, emphasising their crucial role in facilitating Hong Kong’s green transition.

Zhou Guomei, Director General of International Cooperation of Chinese Ministry of Ecology and Environment, in her opening remarks on behalf of Minister Huang Runqiu stressed the importance of leveraging this annual climate forum in Hong Kong as a hub to foster international climate cooperation between the GBA, China and overseas.

Wang Yi, vice-chairman of the China Experts Panel on Climate Change and a standing committee member of the National People’s Congress, said at the forum China’s green initiatives had become a driver for GDP growth, and collaborations between the Greater Bay Area and California would provide further stimulus by reducing costs at scale, and enhance the abilities to tackle climate change.

Zhu Wei, Deputy Director General of the Guangdong Provincial Development and Reform Commission, and Office of the Greater Bay Area, said Guangdong was poised to take the lead in decarbonizing through innovation and technology, by for example accelerating the development of a green manufacturing system, and accelerated adoption of renewable energy.

“GBA has already achieved carbon reduction resulting from its current policies, and there is much room for further technological co-operation, exchange in talents etc.,” stressed another speaker, Jiang Hongqi, Deputy Director General, Department of Ecology and Environment, Guangdong Province.

Shen Yuan, vice-president of the Zhejiang Geely Holding Group, and Li Pengcheng, vice-president of China Mengniu Dairy Company Ltd, cited examples of the climate mitigation measures adopted at their plants, such as the use of new materials by both their production team and vast network of supply chain partners.

California state officials expressed impressiveness with the advanced technology and green policies adopted in GBA. Yana Garcia, the Secretary of the California Environmental Protection Agency, listed energy storage and water recycling as potential areas for further partnership. She acknowledged the challenges involved in meeting California’ ambitious environmental goals, including the use of pure electric heavy-duty vehicles and a 71 % improvement in air quality. “The strong partnership that we have moved in is something we want to leverage very much,” she said, adding: “We are in the process of removing the nation’s largest dam in California, and we are facing very severe water supply challenge; the technology and innovation in the area of water recycling is something that we are interested in exploring.”

Chinese officials and other speakers from the business sector at the forum agreed with the importance of green finance in accelerating the transition to low-carbon economy. Resources are always vital for implementing and sustaining changes. Shen of Geely lauded carbon trading for laying a good foundation for fund raising.

Wong Chuen Fai, the Commissioner for Climate Change of the HKSAR’s Environment and Ecology Bureau, noted Hong Kong’s position as an international financial centre plays a key role in attracting and diverting resources into the various transition initiatives. On Hong Kong’s goal to achieve carbon neutrality in 2050, he cited three areas where collaborations are needed, namely technology (including the development of hydrogen vehicles), finance and capacity building. “We can collaborate in research and technology and apply the technology to help industries achieve better carbon performance,” he said. “I think it is important for us to join hands to do capacity building so that everyone can contribute their part in this carbon neutrality journey.”

As noted by others, regional collaborations can also benefit the world through the sharing of technology and effective measures.

Education is indispensable. Professor Cui Yi, the Founding Director of Stanford University’s Sustainability Accelerator, said at the forum that they were developing a curriculum on Scaling in Sustainability, while offering funding for faculty, students, postdocs and talents to identify policy and technology gaps, then develop projects that can produce scalable solutions.

Here HKU is also taking the lead in nurturing talents to meet the challenges in combating climate change, having launched the master’s programme in climate governance and risk management with the first intake for fall 2024.

An overwhelming response, about 1,000 applications were received for the programme, said Professor Gong Peng, Vice-President (Academic Development) and Founding Director of the Institute for Climate and Carbon Neutrality (ICCN), HKU. Also on offer are doctoral and post-doctoral research opportunities and executive training programme on climate leadership and corporate governance.

“We want to build a bridge for the Greater Bay Area for climate action and co-operation, starting from China and California on a sub-national scale, then expanding to China, US, Europe and the rest of the world,” said Professor Gong, adding: “We want to build a global talent and innovation hub in Hong Kong, to attract talents who can do impactful research and publish important works to train the next generation of climate leaders, and to serve as a platform for innovation and co-operation at scale.”

Hashtag: #HKU

The issuer is solely responsible for the content of this announcement.

SHANGHAI TANG Unveils Its S/S24 Collection

Spring and Summer Extravaganza Blending Nature and Tradition


HONG KONG SAR – Media OutReach Newswire – 11 April 2024 – As the Year of the Dragon unfolds, SHANGHAI TANG proudly presents its highly anticipated 2024 Spring/Summer Collection. Embarking on a sartorial odyssey inspired by the eternal allure of nature’s splendour and the opulent imaginations of Eastern legacy, this season’s opus epitomizes a harmonious symphony of tradition and innovation. Each garment within this collection is a masterful testament to the brand’s unwavering dedication to intricate artistry and timeless elegance, weaving together a mesmerizing tale through its resplendent print motifs and impeccable attention to detail.

SHANGHAI TANG SS24 WOMEN'S COLLECTION

In commemoration of its 30th anniversary since inception in 1994, SHANGHAI TANG embarked on a transcendent journey, intertwining the realms of artistic prowess and Chinese cultural heritage with unprecedented finesse. Collaborative projects with multi-media artist Jacky Tsai and contemporary artist Long Di breathe new life into fashion and home products, elevating everyday experiences with a touch of artistic sophistication.

Under the overarching theme of embracing nature’s allure, the 2024 Spring/Summer Collection unveils a captivating array of apparel and home décor. From the graceful flow of wandering dragons to the delicate hollyhock blossoms, each design intricately weaves together tradition and innovation, offering a sensory journey through the changing seasons.

Cruising with the breeze, the women’s apparel resonates with the essence of spring, exuding grace and femininity. Classic design elements like the Chinese standing collar and the velvet five-button Tang suit are reimagined with three-dimensional embroidery and vibrant prints, evoking a sense of poetic beauty. Dragon-inspired motifs and calligraphic designs by artist Chen Shemin add a dynamic touch, celebrating the spirit of the dragon with unparalleled sophistication.

For men, the collection presents a fusion of fluid contours and luxurious fabrics, accentuating a refined and dignified demeanour. Dragon-inspired details weave effortlessly into traditional silhouettes, crafting a narrative of opulence that is distinctly emblematic of this era. Each garment reflects the craftsmanship and attention to detail synonymous with SHANGHAI TANG, inviting wearers to embrace a sense of cultural pride and elegance.

With the 2024 Spring/Summer Collection, SHANGHAI TANG continues to redefine the boundaries of fashion, art, and culture. By marrying heritage with contemporary Asian flair, the brand invites enthusiasts to embark on a journey of exploration, where tradition meets innovation, and artistry intertwines with everyday life.

Hashtag: #ShanghaiTang #ShanghaiTangHK #MakeLifeAParty



Wechat: 上海滩ShanghaiTang

The issuer is solely responsible for the content of this announcement.

ABOUT SHANGHAI TANG

SHANGHAI TANG is Asian flair, evocative contrasts, timeless elegance, and joy de vivre.​

SHANGHAI TANG was born of the joy de vivre that our founder, David Tang KBE, celebrated with artists, celebrities, and royals to make life a party. Over three decades since, we have infused luxury fashion and lifestyle with Asian flair through a rebirth of cultural influences that have spanned millennia, the rediscovery of exquisite craftsmanship that has been honed for generations, and the celebration of contemporary art. ​

SHANGHAI TANG’s exquisite work has been defined through the years by the radiant elegance of Maggie Cheung, the celebrity sparkle of Nicole Kidman, the supermodel glamour of Liu Wen, the youthful handsomeness of Sean Xiao, the delicate dignity of Gong Li, and the love of many other devoted fans. ​

Generali Hong Kong Triumphs with Six Wins at the “10Life 5-Star Insurance Awards 2024”


HONG KONG SAR – Media OutReach Newswire – 11 April 2024 – Generali Hong Kong has secured six prestigious accolades at the “10Life 5-Star Insurance Awards 2024”. The awards, which serve as a benchmark of quality within the insurance industry, saw Generali Hong Kong receiving the highest honor in the following categories:

  • 5-Star QDAP Savings
  • 5-Star QDAP Retirement
  • 5-Star Whole Life Critical Illness Insurance
  • 5-Star Term Critical Illness Insurance
  • 5-Star Savings Insurance Legacy
  • 5-Star Savings Insurance Retirement

Generali Hong Kong has won six accolades at the 10Life 5-Star Insurance Award 2024.

Organized by 10Life, the largest insurance comparison platform in Hong Kong, the “10Life 5-Star Insurance Award 2024” is one of the most representative awards in the industry. Their actuaries rate insurance products based on factors that matter the most to the consumers. 10Life compares over 1,500 insurance products from over 50 insurers in the market with the top-rated products under each category awarded a 5-Star rating.

Generali Hong Kong has won six accolades at the 10Life 5-Star Insurance Award 2024.
Generali Hong Kong has won six accolades at the 10Life 5-Star Insurance Award 2024.




Hashtag: #GeneraliHongKong

The issuer is solely responsible for the content of this announcement.

Grand Opening of Apple Storage Creative Hub: Unleashing Creativity in Hong Kong


HONG KONG SAR – Media OutReach Newswire – 11 April 2024 – Apple Storage Group, one of the leading providers of self-storage services in Hong Kong, has been dedicated to delivering high-quality storage solutions to local residents. As a socially responsible company, Apple Storage Group firmly believes in the principle of “taking from society, giving back to society.” With a commitment to supporting the diverse creative development in Hong Kong, Apple Storage Group collaborates with various stakeholders to create value, foster local talents, and share achievements with the community.

In March 2024, Apple Storage Group proudly announces the opening of its first Apple Storage Creative Centre (ASCC). Operating as a non-profit entity, ASCC is generously funded by Apple Storage Group. As a versatile and open venue, ASCC aims to support Hong Kong’s vibrant creative scene by providing affordable and comfortable spaces for young entrepreneurs, professionals, and charitable organizations to unleash their creativity and showcase their talents.

A Multi-Purpose Event Space
ASCC, supported by Apple Storage Group, utilizes all its revenue for the development and maintenance of the venue. Situated in the Kwun Tong district, the creative centre features a sleek and spacious design, covering over 2,000 square feet of usable space. Equipped with state-of-the-art facilities and amenities such as sound systems, televisions, display panels, painting hooks, folding tables, and chairs, ASCC is ideal for hosting exhibitions, grand openings, conferences, lectures, workshops, live broadcasts, group gatherings, corporate events, seminars, and more.

ASCC is conveniently located at Unit C, 6/F, Kow Ming Factory Building, 99 How Ming Street, Kwun Tong. It operates from Monday to Sunday, 10:00 AM to 10:00 PM.

Hashtag: #AppleStorage

The issuer is solely responsible for the content of this announcement.

About Apple Storage Group

Established in 2005, Apple Storage Group has continuously evolved to provide professional, high-quality, and customer-centric self-storage services for both individuals and businesses. The group’s brands include Apple Storage, U SPACE, Apple Movers, and Apple Wine Storage, positioning Apple Storage Group as a leading local storage service provider in Hong Kong. With over 100 branches across Hong Kong, Kowloon, and the New Territories, the group is well-equipped to meet the diverse needs of customers.

For more information about Apple Storage, please visit:
Apple Storage:
U SPACE:

Bay of Lights Partners Ascott, Setting New Standards for Luxury and Hospitality in Sihanoukville, Cambodia


SIHANOUKVILLE, CAMBODIA – Media OutReach Newswire – 11 April 2024 – Steering the groundbreaking Bay of Lights coastal development, Canopy Sands Development (CSD) proudly unveils a landmark partnership with The Ascott Limited (Ascott), the acclaimed hospitality arm of CapitaLand Investment.

Representatives from CSD and Ascott seal a landmark hospitality partnership at Bay of Lights Business Center, Sihanoukville.
Representatives from CSD and Ascott seal a landmark hospitality partnership at Bay of Lights Business Center, Sihanoukville.

This collaboration heralds the management of Summer Bay Beach Club & Cabins under the Preference brand and Oakwood Bay of Lights Sihanoukville within the Bay of Lights – a 934-hectare coastal development poised to transform the financial services and tourism landscape of Sihanoukville.

The official signing ceremony took place at the newly-built Bay of Lights Business Center in Sihanoukville, with executives from both CSD and Ascott in attendance, marking a new chapter in both entities’ growth and dedication to enhancing Cambodia’s tourism industry.

Through this alliance, CSD and Ascott plan to introduce the pinnacle of international hotel branding to Bay of Lights, supporting both the nurturing of an international community and the setting of new industry standards in hospitality within the Summer Bay Beach Club by Preference. The strategic move is set to develop the highest density of international hotels per square meter in the area, offering a diverse selection of property types that cater to various customer needs.

Mr. David Richard, Managing Director of Bay of Lights Entertainment for Summer Bay, expressed his optimism at the ceremony, stating, “The partnership with Ascott aligns with our vision to elevate the hospitality and tourism landscape in Sihanoukville. We believe that by offering diverse and world-class experiences, we can attract a wider range of visitors and enhance the reputation of the Bay of Lights and Cambodia as a premier destination.”

Key to their objectives is the mutually beneficial knowledge and technology transfer. Ascott’s proven global systems and dedication to enriching the local skill set will align with the overarching goal to further promote the Bay of Lights, Sihanoukville, and Cambodia as a hotspot destination, leveraging Ascott’s expansive membership program to reach out to millions.

“We’re thrilled to be a part of the ambitious vision of Bay of Lights. By marrying our deep expertise in lodging with CSD’s robust developmental strategies, we are crafting an unparalleled experience that will set new benchmarks in Cambodian hospitality,” says Mr. David Cumming, Regional General Manager of Vietnam, Cambodia & Myanmar, The Ascott Limited.

In solidifying this long-term commitment, the agreement outlines plans that span service residences, hotels, villas, resorts, and the potent potential of developing a branded residence portfolio designed for the ultra-high-net-worth individuals, significantly enhancing the region’s luxury accommodation offerings.

Beyond expanding Ascott’s geographical footprint, this partnership signals the joint belief in the Cambodian market and the Bay of Lights’ aspiration to become a premier international tourism hub.

Hashtag: #BayofLights #TheAscottLimited #BayOfLightsHospitality #SihanoukvilleDevelopment #CambodiaTourismRise

The issuer is solely responsible for the content of this announcement.

Bay of Lights

Bay of Lights is a pioneering development reshaping the skyline of Sihanoukville, Cambodia. With an investment of USD 16 billion, this sprawling 934-hectare beachfront project has been meticulously master-planned to feature nine distinctive districts, each supporting the initiative’s six core pillars: Financial Services, Tourism, Education, Entertainment & Lifestyle, Health & Wellness, as well as Art & Culture. Driven by a vision to create a world-class financial and tourism hub. Bay of Lights strategic design encourages a sense of connectivity between diverse sectors, stimulating economic growth and fostering an inclusive, vibrant culture.

TDCX the first Southeast Asian and Singapore-headquartered service provider to be recognized among world’s top outsourcing companies

TDCX ranked 18th in OA500 Index which recognizes top BPO firms globally


SINGAPORE – Media OutReach Newswire – 11 April 2024 – TDCX, an award-winning digital customer experience (CX) solutions provider for technology and blue-chip companies, has emerged as the only Southeast Asian business process outsourcing (BPO) company in the top 20 global Outsource Accelerator (OA) 500 2024 Index. The index evaluates more than 3,500 companies worldwide on the strength of their global network and commitment to excellence. Factors such as domain authority, website traffic, employee reviews, LinkedIn engagement, and third-party analysis from Crunchbase and ZoomInfo are evaluated as part of the process.

TDCX ranked 18th in OA500 Index which recognizes top BPO firms globally
TDCX ranked 18th in OA500 Index which recognizes top BPO firms globally

Mr Derek Gallimore, Founder and CEO of Outsource Accelerator, said, “Nowadays, businesses have an array of choices for their outsourcing needs. TDCX has differentiated itself from competitors by continuously investing in talent, maintaining a robust online presence, and being up-to-date with AI technologies. It is through these initiatives that TDCX has grown into a great company. I congratulate TDCX on this great milestone.”

Ms Angie Tay, Group Chief Operating Officer, TDCX, said, “At TDCX, we have always been driven by our ethos to #BeMore. This means we constantly strive to bring more value to our clients in everything we do, enabling us to grow alongside them as we ventured into regions beyond Southeast Asia over the years. We are proud to be recognized among industry leaders and this achievement is the result of the hard work and dedication of our more than 17,800 talented colleagues across our 30 campuses worldwide.

“Looking ahead, we will be dedicating more resources to talent development and helping our clients harness technology such as artificial intelligence (AI) through our dedicated consulting arm, TDCX AI. These initiatives will be geared towards helping both clients and employees leverage AI to analyze data, extract insights, and identify opportunities at a faster pace and with greater reliability, while exercising caution in the use of AI as it develops. We believe that through such efforts, we will be able to empower our stakeholders to envision the future and strengthen their capabilities.”

A solution that TDCX has recently rolled out is TDCX FastTrack. The AI-enabled productivity platform is designed to help customer service (CS) representatives automate multiple processes while equipping them with information in real-time. TDCX FastTrack’s ability to proactively recommend solutions in real-time helps representatives to deliver positive customer outcomes more efficiently. Based on initial testing, CS representatives were able to reduce customer holding time for incoming call inquiries by 40 per cent.

Hashtag: #CX #Outsourcing #BPO




The issuer is solely responsible for the content of this announcement.

TDCX

Singapore-headquartered TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.

TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence, and its global footprint. It serves clients in fintech, gaming, technology, travel and hospitality, digital advertising, and social media, streaming and e-commerce. TDCX’s expertise and strong footprint in Asia has made it a trusted partner for clients, particularly high-growth, new economy companies, looking to tap the region’s growth potential.

TDCX’s commitment to delivering positive outcomes for our clients extends to its role as a responsible corporate citizen. Its Corporate Social Responsibility program focuses on positively transforming the lives of its people, its communities, and the environment.

TDCX employs more than 17,800 employees across 30 campuses globally, specifically in Brazil, Colombia, Hong Kong, India, Indonesia, Japan, Malaysia, Mainland China, Philippines, Romania, Singapore, South Korea, Spain, Thailand, Türkiye, and Vietnam. For more information, please visit .

Super election year increases risks of political violence, warns Allianz


SINGAPORE – Media OutReach Newswire – 11 April 2024 – With an unprecedented ‘super-cycle’ of elections in 2024, almost half the world’s populations will go to the polls before the year is out. According to a new report from Allianz Commercial, security is a concern in many territories, not only from the threat of localized unrest but because of the wider-reaching consequences of electoral outcomes on foreign policy, trade relations, and supply chains.

The headline election will be in the US in November, when a narrow result could inflame existing tensions. The European Parliament elections in June could also deepen divisions, if radical-right parties gain votes and seats. As unrest can now spread more quickly and widely, thanks in part to social media, financial costs from such events for companies and insurers are mounting. Economic and insured losses from just seven civil unrest incidents in recent years cost approximately US$13bn. With the threat of terrorism also on the rise, and the prospect of greater disruption from environmental activists occurring, businesses will face even more challenges in the next few years and will need to anticipate as well as mitigate evolving risks with robust business continuity planning.

“So many elections in one year raise concerns about the fueling of polarization, with tensions potentially playing out in heightened civil unrest. Polarization and unrest within societies are fueled by fear. They undermine trust in institutions and challenge people’s sense of a common purpose built on shared values,” says Srdjan Todorovic, Head of Political Violence and Hostile Environment Solutions at Allianz Commercial. “We also expect to see increased unrest around environmental issues in future, not only from activists, but from those who are pushing back against government climate mitigation policies.”

All eyes on elections in the US and the EU

The US presidential election in November is likely to be a close call, with the outcome depending on results in a handful of states. A recent poll shows that more than one third of Americans believe President Biden’s election in 2020 was not legitimate. Widespread disaffection among voters could be exploited by misinformation created by artificial intelligence and spread via social media. Deepfakes, disinformation and repurposed imagery, as well as customized messaging, could galvanize unrest or influence small but potentially decisive parts of electorates.

Many commentators have predicted that European Union elections in June could see a number of states politically shift to the right, with the potential for populist or far-right parties to gain votes and seats, building on a trend seen in 2023. Any success for these parties across Europe could result in growing opposition to EU environmental, immigration and human rights policies.

“The impacts of a political shift to the right and subsequent policy changes endure long after a political party’s term in office,” Todorovic adds. “They fundamentally change societies and public attitudes and make the next electoral shift to the center or left seem drastic, creating the potential for schisms and potentially violent responses from those who feel underrepresented by a regime change.”

Environmental activism and terrorism threat expected to rise

Between 2022 and 2023, environmental activism incidents increased by around 120%. An impactful example was the arson attack on an electricity pylon in Germany by a left-wing extremist group. This suspended production at a local Tesla plant in March 2024, leading to economic losses estimated in the hundreds of millions of euros, according to reports. In addition to high-profile protests, a trend towards using more targeted tactics, such as focusing on individuals or politicians, is evident. There is a chance that more environmental protests could escalate from acts of nuisance into larger criminal acts.

The number of deaths from terrorism increased by 22% in 2023, and is now at its highest level since 2017, although the number of incidents fell. The major terror attack in Moscow in March is a timely reminder that the risk of politically or religiously motivated terrorism is back on the global agenda, and that the losses can be catastrophic. The primary driver of Islamist terrorism is the radicalization of home-grown perpetrators, which is currently being fueled by the Israel-Hamas war leading to an increased risk in the US and Europe. However, government foreign policy is also a big driver of risk, as the Moscow attack proves.

Multinational companies show increasing demand for political violence insurance

Political violence activity can impact businesses in many ways. Those in the immediate vicinity of unrest can suffer material damage to property or assets and business interruption losses, while indirect damage can be inflicted on companies in the form of loss of attraction or denial of access to their premises.

“Businesses need to protect their people and property with forward planning, such as ensuring safe and robust business continuity planning is in place in the event of an incident, increasing security, and reducing and relocating inventory if likely to be impacted by an event,” explains Todorovic. “Using scenario planning and tracking risks in areas key to their operations can raise businesses’ awareness of where political violence and civil unrest risks may be intensifying. Companies should also review whether their insurance policy covers the impact of risks such as strikes, riots, and civil commotion.”

The report notes that the recent history of losses from protests and civil unrest in countries such as Chile, South Africa, France, and the US means that interest for political violence insurance coverage continues to increase. The greatest demand is from businesses with multi-country exposures rather than companies with smaller and simpler production and supply chains, although these can also be adversely impacted by such events.

Hashtag: #AllianzCommercial



The issuer is solely responsible for the content of this announcement.

About Allianz Commercial

Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or Hollywood film productions. Powered by the employees, , and network of the world’s #1 insurance brand, , we work together to help our customers prepare for what’s ahead: They trust us to provide a wide range of traditional and risk transfer solutions, outstanding and services, as well as seamless handling. The trade name Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2023, the integrated business of Allianz Commercial generated more than €18 billion gross premium globally.