Hong Kong wants to play a big role in this development—and it knows it must if it wants to become a fintech hub. Consequently, it is difficult to assess where we are in Hong Kong. What is clear is that whatever got the insurance industry to where it is now, is not going to get the insurance industry to where it will be in the future. The IIA should be part of a new approach to the insurance industry in Hong Kong that looks to connect, collaborate, and create. We will then have a real prospect of Hong Kong being the Asian center for insurance technology innovation.

Source: Forbes April 20, 2017 01:41 UTC