AFF: CYBERPORT, VISTA EQUITY PARTNERS EXPLORE GREATER BAY AREA INSURTECH OPPORTUNITIES

KUALA LUMPUR, Jan 19 -- As the Asian Financial Forum FinTech partner, Cyberport hosted a thematic breakout session on the topic of ‘Acceleration of Digital Transformation: Opportunity in a Changing World for 2021’. 

Cyberport Chairman, Dr George Lam and Founder, Chairman and Chief Executive Officer of Vista Equity Partners, Robert F. Smith discussed Asia and Hong Kong’s unique opportunities for InsurTech.

“The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is the region’s largest and best FinTech hub,” said Dr Lam.

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“Given its multiple currencies, tax regimes and regulatory systems but highly integrated and high-growth market, the GBA can and will act as the perfect FinTech lab where entrepreneurs can develop and launch innovative multi-currency and cross-border solutions.”

Meanwhile, Smith noted that Asia’s significant addressable market, growing middle class and track record of quick adoption of mobile technology, together with Hong Kong’s status as an international financial hub, will boost the InsurTech industry’s development, especially in the GBA.

Cyberport’s Chief Public Mission Officer, Eric Chan was joined by four Cyberport InsurTech start-ups including 10Life, CoverGo, MediConCen and OneDegree for a panel discussion examining how InsurTech start-ups are surviving, and even thriving, in the new normal.

The 14th AFF, organised by the Hong Kong SAR Government and the Hong Kong Trade Development Council, took place on Jan 18 and 19. As the region’s largest FinTech cluster, Cyberport has become the Forum’s FinTech partner for the third consecutive year.

Cyberport actively fosters FinTech development in Hong Kong and houses over 360 FinTech companies and start-ups working in diverse sub-sectors from virtual banking, virtual insurance, RegTech, WealthTech and e-payment to robo trading, digital assets and more.

-- BERNAMA