The emergence of new advancements and initiatives, such as green bonds and InsurTech among others, are potential investment opportunities for insurers. However, investment managers should exercise due care and diligence in their selection of investments, said Dr Moses Cheng, Chairman of the Insurance Authorit (IA), Hong Kong at the 5th Asia Investment Management Summit for Insurance yesterday. In his keynote speech, he urged insurers to enhance their asset-liability management (ALM) function to better set their risk appetite for asset-liability mismatch risk and devise appropriate measures to address it.