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Jul 2020

Hong Kong: ZhongAn's JV receives online insurance licence

Source: Asia Insurance Review | Jun 2020

ZA Life, a joint venture between ZhongAn Technologies International Group and Fubon Life Hong Kong, has obtained a digital-only insurer licence from the Hong Kong Insurance Authority (IA) under the latter’s ‘Fast Track’ pilot scheme.
 
The IA had launched this pilot scheme in September 2017 to provide a dedicated queue for new applications from firms which would own and operate solely digital distribution channels.
 
ZA Life offers insurance services and products under the trade name ‘ZA Insure’ which is expected to launch in the near future with products including life insurance and critical illness insurance. A 
 
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