The platform, part of the broker's initiative to embed AI and automation across the enterprise, centralises risk and insurance data, helping risk managers access information quickly.
They will combine claims intelligence and specialist expertise to identify suspicious claims patterns and curb insurance fraud across health and motor lines.
The proposed registry would give insurers access to richer claims, policy and risk data, helping improve underwriting accuracy, pricing discipline and portfolio management.
The Indian lender's programme reportedly carries aggregate cover of about ₹7.5bn (US$78.4m), though sources say the loss limit applying to this incident is closer to ₹3bn.
Licences are due to be issued from November, and HKFI says access to operational data is critical for insurers to assess the new risk and develop appropriate pricing models.
