Experts at Hong Kong Fintech Week emphasised the role of insurers in addressing demographic and climate challenges through sustainability and risk prevention.
Despite multiple currencies and government systems there is a major business opportunity not only in the region itself but also as a hub for Mainland China.
The combined impact of HK RBC and IFRS 17 has led to an improvement in: product mix, economic valuation, and corporate governance by insurers, says Chow Tai Fook CFO.
A massive expansion in Asia’s middle class means that demographic change will be accompanied by an evolution in the type of health and wealth management products that Asian insurers offer.
The Taiwanese insurer has utilised AI and data analytics to transform underwriting and claims processing in Taiwan’s highly competitive insurance market.
