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.
