InsurTech - Video Conferencing tool for policy distribution with enhanced security and compliance
September 2020
The Insurance Authority (IA) has been working closely with the HKFI InsurTech Task Force on initiatives involving the use of technology for non-face-to-face (“non-F2F”) distribution of long term insurance products. As the COVID-19 pandemic has prompted the need to minimise risk of infection during the sales of insurance products, new insurance technology will be a key solution. In response, the IA has published requirements to allow the use video conference (VC) technology in the sales distribution of long term insurance products. At the same time, the IA and Insurers are assessing how broader InsurTech solutions can help overcome pandemic conditions and accelerate future growth.
Contact us
China and Hong Kong Financial Services Leader, PwC Hong Kong
Tel: +[852] 2289 2303
