HONG KONG SAR – Media OutReach<\/a> – 21 June 2021 – The
In Hong Kong, many people
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The newly launched
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Elinor Shiu, HKBN Co-Owner and CEO \u2013
Kenneth Lai, P&C Distribution Director, AXA
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\nimportance of home insurance protection is often overlooked by Hong Kong people,
\naccording to a survey by AXA Hong Kong and Macau<\/a> (“AXA”), which found that only
\naround 40% of respondents have purchased insurance for their homes. Always
\nlooking to diversify its offerings, Hong Kong Broadband Network Limited
\n(“HKBN”) has teamed up with AXA to launch complimentary home insurance,
\nbundled conveniently with fibre broadband service, network security and a smart
\nhome kit, to offer the most comprehensive home protection solution combo for
\ncustomers.<\/p>\n
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<\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/157781\/Photo-HKBN-AXA.jpg#image-157781\")
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<\/p>\nHKBN and AXA team up to launch Hong Kong’s
\nfirst-ever fibre broadband service combo with home insurance, network security
\nand smart home kit, a comprehensive home solution for residential customers.<\/h5>\n
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\nmay think that fire insurance or insurance provided by the building owners’
\ncorporations is already sufficient, but in fact most of these only cover the facade
\nof buildings. Home insurance, on the other hand, provides protection of
\ncontents within the home and covers losses resulting from household accidents.
\nFor example, a burst waterpipe in the household that causes damage to elevators
\nor neighbours may lead to a demand for a huge amount of compensation equivalent
\nto multiple times of an individual’s monthly salary. According to AXA’s claim
\nfigures, 45% of the most common home insurance claims are related to water
\ndamage (leaks, typhoons and rainstorms etc.), which are not covered by fire insurance
\nor insurance provided by the property. As such, home insurance is essential for
\ncomprehensive protection. <\/p>\n
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\n“All-in-one Home Kit” combines fibre broadband, home network security solution,
\nsmart home solutions and home insurance, to give customers comprehensive
\nnetwork security and home property protection. HKBN’s network security solution provides enterprise-level security, parental controls, and online personal identity protection to customers; while its smart home solutions allow customers to easily add additional motion sensors, smart door cameras and other IoT devices, offering customers a convenient way to manage and protect their virtual and physical properties. The
\ncomplimentary home insurance* <\/b>under this cooperation with AXA offers households of eligible customers up
\nto HKD500,000 annual coverage of their home contents and up to HKD10 million annual
\nthird-party liability coverage to protect their residence. Customers who sign
\nup or renew designated home broadband services can enjoy up to 24-month complimentary
\nhome insurance* (worth around HKD1,720). To sign up or learn more, please visit
\nhttps:\/\/www.hkbn.net\/personal\/broadband\/en\/<\/a>.<\/p>\n
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\nResidential Solutions<\/b>
\nsaid, “We’re thrilled to partner with AXA to further enhance our range of Infinite-play
\nservice offerings for residential customers. By bundling home insurance with
\nour home broadband, cybersecurity and smart home solutions, we’re offering comprehensive
\nhome security protection solution for our 1 million Hong Kong household
\ncustomers. Our collaboration with AXA, who is also a HKBN Enterprise Solutions
\ncustomer, highlights our efforts in elevating our customer relationships into partnerships
\nto create more win-win-win opportunities.”<\/p>\n
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\nHong Kong and Macau<\/b>
\nsaid, “As the largest general insurer in Hong Kong, AXA has always been a
\nstrong advocate of customer centricity and innovation. We are very pleased to partner
\nwith HKBN to launch the city’s first service combo of fibre broadband, home
\ninsurance, network security and smart home kit, to provide customers with comprehensive
\nhome protection that caters for their household needs. AXA will continue to
\nlaunch quality products and diversify our distribution channels, making protection
\neasily accessible to customers.”<\/p>\n
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