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

1 Contents Preface 2 Executive Summary 4 Introduction 5 Insurtech as the Catalyst for Growth 5 The Urgent Demand for Talent 7 Insurtech Development in Hong Kong 8 The Regulatory Environment and Support 10 Challenges to Insurtech Innovation 14 Hong Kong’s Insurtech Talent Landscape: 15 A Comprehensive Overview Training Opportunities and Initiatives in Hong Kong 18 Notable Findings from HKUST’s Insurtech 25 Manpower Survey Creating a Winning Insurtech Talent Development Strategy 33 for Hong Kong Hong Kong’s Specific Needs for Insurtech Talents 34 Observations of the Insurtech Talent Landscapes and 36 Strategies of the United Kingdom and Singapore Summary of Comparison: Insurtech Talent Development 40 between Hong Kong, the United Kingdom and Singapore Conclusion 41 Acknowledgement 44