Insurance Authority’s Post

The #IA strives to foster a regulatory environment conductive to collaborations among the #insurance industry, third-party service providers and other stakeholders along the value chain to promote #Insurtech. We are delighted to collaborate with the Hong Kong Monetary Authority (HKMA) in this video to share use cases that demonstrate the synergy brought about by innovative and effective partnerships among a virtual insurer, a traditional insurer and a tech firm in embracing the era of digitisation. #InsuranceAuthority #Insurers

View organization page for Hong Kong Monetary Authority (HKMA), graphic

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Our newly launched video series “Fintech Transformations” aims to shed light on the evolving landscape of #Fintech and its profound impact on Hong Kong’s financial industry.   The inaugural episode focuses on #Insurtech, a rapidly growing sector that is revolutionising traditional business models and driving innovation. Established and emerging insurers operating in both traditional and virtual spaces are adopting digital ecosystems, championing digital advancement while ensuring customer protection remains at the heart of their strategies.   In this video, a collaboration between the HKMA and the Insurance Authority, KPMG China’s Mr Mark Prichard shares his expert insights on how Insurtech is reshaping the insurance industry. The video also spotlights two inspiring partnership stories featuring Mr Jacky Lio from Bowtie Life Insurance Company and Mr William Law from FTLife Insurance Company Limited, through conversations with Mr William Yeung from MediConCen.   Watch the video to learn more.

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