The partnership betwen QBE Hong Kong, Oriental Watch Company, and YAS Hong Kong will record insurance records on the blockchain at the time of purchase.
The Lab focuses on attracting capital to mitigate climate change risks and addressing poverty and is supported by prominent CEOs and Chairs from renowned institutions.
In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
Four insurance companies will be penalised for breaching regulations in sale of insurance products through banks, with further investigations planned for 2023.
