Insurance startups are beginning to gain Unicorn status - companies with valuation above US$1 billion - as they seek to disrupt an industry seen as "antiquated" and "ripe for disruption". Are incumbent insurers the...
Hong Kong's Insurance Commissioner John Leung says innovation is not a luxury but a must to survive in an ultra-competitive home market. And insurers have responded in a positive way by engaging customers with more value-added services.
By Ridwan Abbas
Theme: ''Insuring a Smart World: the Next Uber?''
Theme: ''The Broker’s USP Today - Meeting the Protection Gap of Clients''
Theme: ''Managing Increasing Exposures & New Risks in the Maritime World''
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“The main challenge for regulators is formulating a policy response that will embrace innovative business models enabled by new technologies, without compromising customer protection and tilting a level playing field.”
Hong Kong’s Insurance Commissioner John Leung on how regulations can foster innovation.
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