Vietnamese Conglomerate Tasco Executives Visit OneConnect to Deepen Automotive Ecosystem Collaboration
Shenzhen, China – Senior executives from Vietnam's Tasco Group visited global technology provider OneConnect at the Ping An Finance Center this week, holding strategic talks to explore expanded cooperation within the automotive sector. The delegation met with OneConnect leadership, including Southeast Asia CEO Matthew Chen and General Manager of Insurance Delivery and Service Xu Yang, for in-depth discussions on automotive ecosystems, integrated financial services, and insurance technology advancements.
"The discussions not only solidify the groundwork for our future collaboration in the vehicle ecosystem but also underscore OneConnect's firm commitment to international expansion," remarked a company spokesperson.
The meeting built upon previous dialogues exploring digital insurance solutions for mobility. OneConnect presented its latest innovations in auto insurance technology, integrated financial platform development, and AI-driven process optimization. Leveraging Ping An Group's technological expertise, OneConnect highlighted its track record of deploying tech-driven insurance innovations globally, focusing on streamlined operations and enhanced customer experiences through intelligent solutions.
Tasco, a major Vietnamese player in infrastructure and transportation, is actively expanding its automotive services and electric vehicle supply chain while seeking technology partnerships to upgrade its insurance and financial service offerings. During the talks, Tasco leadership expressed strong interest in OneConnect's capabilities for intelligent claims processing, telematics data integration, and digital auto insurance platforms, indicating a desire to localize these proven solutions for the Vietnamese market.
OneConnect showcased its core Intelligent Auto Insurance Solution, detailing its commercially deployed components: a digital claims platform powered by telematics and AI, automated case handling tools, and an end-to-end customer service system. The solution is proven to boost claims efficiency, mitigate fraud risks, and rapidly enhance partners' operational capabilities, according to the company.
The parties also explored pathways for "Empowering the Automotive Ecosystem with Integrated Finance." OneConnect shared insights on intelligent product pricing, risk assessment models, and cross-border insurance support, discussing how to combine these with Tasco's local market knowledge and extensive distribution network for tailored product development.
To provide deeper context, Tasco executives toured the Ping An Technology Exhibition Hall. Demonstrations of Ping An's "integrated financial services with healthcare and senior care" model garnered significant praise from the delegation, who acknowledged its potential as a valuable reference for the Vietnamese market.
Formalizing the Partnership
The meetings culminated in the signing of a Memorandum of Understanding (MOU) establishing a long-term strategic partnership centered on the automotive ecosystem. The framework outlines tailored support for Tasco's overseas expansion in the electric vehicle sector:
OneConnect: Will customize a one-stop auto insurance tech solution.
Tasco: Will provide local regulatory expertise and channel networks to facilitate compliant implementation and commercialization in Vietnam.
Beyond the MOU signing, OneConnect presented regional case studies from other Southeast Asian markets, helping Tasco evaluate practical implementation strategies and potential challenges. Both companies recognized the growing importance of digitizing auto insurance and mobility services for maintaining competitiveness within Vietnam's rapidly evolving automotive landscape.
Next Steps
Moving forward, the partners will maintain close coordination on specific project planning, customized system development, and local pilot launches. Both sides expressed strong commitment to deepening the collaboration, aiming to co-develop leading digital automotive solutions for the Southeast Asian market that deliver enhanced customer value and drive regional innovation.
