Insurtech Talent Development in Hong Kong – From Insurance to Insurtech: Strategies for Building a Sustainable Talent Pipeline

21 56 The HKSAR Government Financial Services and the Treasury Bureau (2019). Public Education Programme . https://instalent. org.hk/en/content/pep 57 The HKSAR Government Press Releases (2019, October). Talent Training for the Insurance Sector and the Asset and Wealth Management Sector . https://www.info.gov.hk/gia/general/201910/30/P2019102900514.htm 58 Insurance Authority (2022). Insurance Talent Development Programme . https://www.ia.org.hk/en/aboutus/careers/ InsuranceTalentDevelopmentProgramme.html 59 The Hong Kong Federation of Insurers (2021). About Elite Talent Development Programme (ETDP) . https://minisites.hkfi.org. hk/etdprogramme/en/about-ETDP.html Name of Program / Scheme Overview Public Education Programme (PEP) PEP is also part of the Pilot Programme to Enhance Talent Training for the Insurance Sector . It aims at working with the insurance sector on publicity and outreach to promote public awareness of the wide range of career opportunities in the insurance sector and the career paths of functional jobs in the sector. 56 School activities such as workshops and competitions and public activities such as seminars, mall events and a roving truck tour, have been carried out as part of PEP. From August 2016 to September 2019, advertisements under PEP reached 8.8 million people while social media publicity generated 0.5 million clicks. School outreach programs, and various seminars and competitions attracted around 3,000 participants. 57 Insurance Talent Development Programme by HKIA This program aims at providing employment opportunities for those in need, and nurture talent for the insurance sector. 58 31 temporary positions are offered for an employment period of 12 months each under various functions of the IA including supervision, licensing, complaint handling, enforcement and administrative support. Elite Talent Development Programme by HKFI Launched in April 2021 for transferring advice, knowledge and insights of retired insurance veterans to young executives in different positions in the industry, 59 the program also aims at providing opportunities for young executives to learn from experienced mentors about the insurance market, commercial awareness, management, underwriting, client relations, marketing, and insurance claims. Hong Kong’s Insurtech Talent Landscape: A Comprehensive Overview