The Hong Kong Insurance Authority gathered leaders in the insurance sector and technology service providers to launch the AI Cohort Programme on 18 August 2025, during an event where the technology providers demonstrated their AI solutions to attendees.
These seven core participants include AIA Group, AXA Hong Kong and Macau, China Taiping Insurance (HK) Company Limited, FWD Group, HSBC Life (International) Limited, Prudential Hong Kong Limited, and YF Life Insurance International Limited.
According to the Insurance Authority, the Cohort’s objectives include building an AI Centre of Excellence in Hong Kong to serve as a regional hub for innovation, supporting AI talent development through capability-building initiatives, and contributing to knowledge sharing with the wider industry and regulators.
The regulator also said that it has developed a strategy that covers regulatory and developmental perspectives, balancing the need to ensure responsible AI adoption and to inject market dynamism.
Stephen Yiu, Chairman of the Insurance Authority, said accelerated AI adoption is changing the global insurance landscape, with applications in policy underwriting, claims settlement, fraud detection, customer service, and sales support.
“We are committed to driving collaboration across different disciplines, and the AI Cohort is a key initiative aimed at achieving this objective. With advanced digital infrastructure, facilitative government policies and a dynamic insurance sector, Hong Kong is poised to become the regional AI hub,” Yiu said.
The AI Cohort Programme follows other recent Insurance Authority initiatives to strengthen Hong Kong’s position as a regional insurance hub. Earlier this month, the regulator reported it had received broad support for its updated draft risk-based capital disclosure rules. It also approved SAIC Motor Insurance as the territory’s sixth captive insurer, continuing momentum in developing Hong Kong as a corporate risk management centre.
