Allianz, Baidu and Hillhouse say they will position the new venture to capture this opportunity and leverage the three parties' strengths. "The digital revolution in financial services is happening rapidly in Asia and particularly in China, where the financial services sector is being reinvented," said George Sartorel, chief executive officer, Allianz Asia Pacific. "With the speed of innovation that is taking place, we will see the quick disruption of traditional models. Allianz and its partners are at the forefront of this mega trend."