Hong Kong Insurance Tech directory (v1.0)

V. 1.HK-Feb-2017 Please send questions / feedback to team@insurtechasia.org | Page 2
WELCOME TO INSURTECH DIRECTORY
WHAT IS IT? The directory is a snapshot of the Insurance-Tech (InsurTech) ecosystem
in Hong Kong. We included actionable info about Startups, Insurers, Re-Insurers,
Brokers and Investors.
WHY DID WE MAKE IT? The idea for a country InsurTech directory came about when
we’ve realized that the same questions kept coming up again and again. This de ja
vu questions led us to believe that lack of public information was potentially hindering
collaboration opportunities. The directory is our attempt at promoting information
transparency and further reducing hurdles to collaboration.
WHAT’S NEXT? We’ve got some exciting plans for 2017. Follow us on LinkedIn and
Twitter for the latest. In addition to growing the InsurTech community across Asia we
are going global. In April we are starting to bring in the best of international InsurTech
to the region through targeted programs and hands on support activities.
Transparency generates knowledge
knowledge Enables action
action creates IMPACT!
INSURTECHASIA (www.insurtechasia.org) Connecting Innovation, Insurance and
Community. InsurTechAsia is a rapidly growing action-oriented community of
insurance practitioners, entrepreneurs and industry stakeholders across Asia. We are
building the future of insurance through the power of collaboration.
Hope that you find this directory useful. Learn from it, look for ways
to help others and most importantly drive action!
George Kesselman
InsurTechAsia
Please help us add/update/correct info in this directory:
Startups: https://goo.gl/forms/XHom5psCTP82FBFA2
Insurance: https://goo.gl/forms/bDsP5C5eH9tJho9g1
Investors: https://goo.gl/forms/NzhDemU44qniGyYh2

REFERENCE
WELCOME TO INSURTECH DIRECTORY ........................................................................................ 2
HONG KONG INSURTECH ECOSYSTEM OVERVIEW ...................................................................... 4
REGULATORY ................................................................................................................................ 6
INSURTECH STARTUPS .................................................................................................................. 8
CXA | Digital Employee Benefits Broker | Putting The Fit Into Benefits ................................................ 8
GoBear | Aggregator | Complete and easy to use insurance comparison ............................................. 9
Shift Technology | Fraud Detection | Fight Fraud With AI ................................................................... 10
CompareAsia Group | Distribution | Asia's Leading Financial Marketplace ........................................ 11
Prenetics | HealthTech | Next Generation of DNA Testing ................................................................. 12
Gen.Life | SaaS | An intelligent insurance platform for the digital world ............................................ 13
Apvera | Cyber Security | Insider Threat Intelligence Platform ........................................................... 14
Edirect Insure | Distribution | The right insurance at the right price .................................................. 15
Intrepid Ventures | Blockchain Technology & Digital Transformation ................................................ 16
Coherent Asia | ALM | Insurance Risk Analytics – Done Right ............................................................ 17
Seasonalife | Robo-Advisory | Asia's first insurance robo-advisor ...................................................... 18
Just Service HK | Distribution | Connecting You Online With Your Money ......................................... 19
EKYC.IO | Blockchain / KYC | Once stored in EKYC, it’s for eternity ..................................................... 20
10Life | Distribution | Your Insurance Decoder ................................................................................... 21
BOLA | Full Stack GI Insurer Startup | Launching in mid 2017… .......................................................... 22
Simple Wearables | IoT / HealthTech | Age Actively ........................................................................... 23
Galileo Platforms Limited | Marketing | Life Insurance Reimagined ................................................... 24
INSURERS .................................................................................................................................... 25
Chubb ................................................................................................................................................... 25
AXA ....................................................................................................................................................... 26
Allianz ................................................................................................................................................... 27
Manulife ............................................................................................................................................... 28
Liberty Mutual ............................................................................................................................... 29
FWD ...................................................................................................................................................... 30
Aviva ..................................................................................................................................................... 31
AIA ........................................................................................................................................................ 32
Tokio Marine ........................................................................................................................................ 33
MSIG ..................................................................................................................................................... 34
Additional insurers (to be added at a later date) ................................................................................. 35
AIG ................................................................................................................................................... 35
Alliance World Insurance ................................................................................................................. 35
Asia Insurance Company .................................................................................................................. 35
BOC Group Life ................................................................................................................................. 35
China Life .......................................................................................................................................... 35
China Pacific Insurance .................................................................................................................... 35
China Taiping Insurance ................................................................................................................... 35
CNOOC Insurance ............................................................................................................................. 35
Falcon Insurance (Fairfax) ................................................................................................................ 35
Generali ............................................................................................................................................ 35
Hang Seng Insurance ....................................................................................................................... 35
HSBC Life .......................................................................................................................................... 35
MetLife ............................................................................................................................................. 35
Ping An Insurance of China .............................................................................................................. 35
Prudential ......................................................................................................................................... 35
QBE-HKSI .......................................................................................................................................... 35
SunLife .............................................................................................................................................. 35
Transamerica life ............................................................................................................................. 35
Zurich ............................................................................................................................................... 35

RE-INSURERS ............................................................................................................................... 36
Munich Re ............................................................................................................................................ 36
Swiss Re ................................................................................................................................................ 37
RGA ....................................................................................................................................................... 38
Peak Re ................................................................................................................................................. 39
INVESTORS .................................................................................................................................. 40
CreditEase ............................................................................................................................................ 40
Horizons Ventures ................................................................................................................................ 41
ARBOR VENTURES ................................................................................................................................ 42
AXA Strategic Ventures ........................................................................................................................ 43
XL Innovate ........................................................................................................................................... 44
FURTHER RELATED INSURTECHASIA MATERIALS ....................................................................... 45
HONG KONG INSURTECH ECOSYSTEM OVERVIEW
Hong Kong is one of the key insurance hubs in the region. In addition to a vibrant
domestic insurance market, with 161 insurers and around HK$374 billion (US $48
billion) insurance industry in premiums, there’s a substantial number of regional
insurance offices based there as well. All of the following businesses are calling Hong
Kong home to their regional leadership teams: Prudential, Manulife, MetLife, AXA,
AIA, Generali, SunLife, FWD, AEGIS, AEGON, RGA, Swiss Re and Peak Re.
Hong Kong distribution market is dominated by 93,000 insurance professionals,
agents and brokers who take a fee on insurance products sold face to face, but the
industry’s incoming regulator said last year he would like to see local insurers
embracing new forms of financial technology to develop and distribute products.
Despite the high concentration of insurance industry, Hong Kong is in a relatively
earlier stage of InsurTech ecosystem development, comparing to established players
such as NY, London, Berlin and emerging Asia InsurTech hub - Singapore. For
example, only less than one per cent of Hong Kong life insurance sales are currently
made digitally. However, recent government initiatives and increased attention from
regulator and various industry players are definitely raising awareness and level of
InsurTech activity.
Following are four key insurance innovation bright spots in Hong Kong:
FWD is the insurance business arm of investment group, Pacific Century Group. Since
being born in 2013, FWD has grown rapidly across the region from the Hong Kong
HQ and have established themselves as an innovative, digital-first insurer across few
key Asia markets.
AXA is one of the most active insurance innovation leaders globally. In addition to
the existing innovation programs in the region, they have chosen Hong Kong as their
regional base for their US$200MM Strategic Ventures VC fund.
AIA is actively pursuing innovation agenda, especially active in the Health segment.
They have partnered with Discovery Health to launch innovative Vitality program to
help drive healthier customer behaviour and are working with Health startups, as part
of their accelerator program.

Aviva has announced a Joint Venture (JV) in Hong Kong to push into the digital
insurance distribution together with Chinese powerhouse of Tencent (among the
backers of Chinese Internet insurer Zhong An Online Property and Casualty Insurance
and also invested in online insurer HeTai Life) and hedge fund Hillhouse Capital,
headed by billionaire Zhang Lei. Aviva and Hillhouse will each hold 40 percent of JV
and Tencent will own 20%.
The ingredients are certainly all appear to be there (see table below) for Hong Kong
to play a major role in upcoming digital transformation of regional insurance sector.
It will likely take few forward-leaning insurers together with impactful startups to start
creating the step-change and position Hong Kong among the regional InsurTech
leaders.
HK Market Insights Key drivers for InsurTech Ecosystem
Market Maturity HIGH
Talent HIGH
Startup Ecosystem
Maturity
MEDIUM-HIGH
Infrastructure HIGH
Regulatory Maturity HIGH
Accelerators
AIA Edge, DBS Accelerator, SuperCharger,
Cyberport Incubation Programme
Market InsurTech
Potential
HIGH
Areas of Opportunity
Digital Distribution HIGH
Fraud Solutions HIGH
Digital Health HIGH
Travel Tech HIGH
Cyber Security HIGH
Automotive / Telematics HIGH

REGULATORY
Overview | in collaboration with Baker & McKenzie
What are the attitude and policy views of the local regulator in relation to
InsurTech?
The regulators have been positive and encourage InsurTech innovation in the
following ways:
- Funding. The Hong Kong government has made available an Enterprise Support
Scheme under the Innovation and Technology Fund to encourage private sector
investment in research and development activities. Funding up to HK$10 million
for each approved project would be provided on a matching basis, with no
requirement for recoupment of the approved grant. Together with other similar
funding schemes by the government, a pool of about HK$5 billion is available for
ventures and research projects in various technology areas including InsurTech.
- Support. The OCI, the HKMA and the SFC have set up dedicated InsurTech
platforms to help enhance communication between regulators and the InsurTech
community. Such platforms handle inquiries from the industry and provide
information on related regulatory requirements to companies engaging in financial
innovation. The platforms will also keep track of the latest development in the
market through their exchange with the industry.
- Policy views. The Hong Kong government has indicated that, in developing
InsurTech, it will uphold the “technology neutrality” principle and at the same time
attach importance to investor protection. The government will help ensure that
there is an appropriate balance between market innovation and investors’
understanding and tolerance of risks. The government also indicated that the
existing regulations are adequate to handle the challenges from the growing
InsurTech sector in Hong Kong.
- Developing expertise. The HKFI has recently set up a Task Force on Financial
Technology Hub. It is exploring how to work with the government to promote
innovation in the insurance industry, including attracting capital and talent.
- Sandbox. Both the SFC and Office of Insurance Commissioner allow brokers and
insurance companies to explore and experiment on new fintech policies, according
to the secretary for financial services and the treasury Chan Ka-keung. They just
don’t call these measures a sandbox. The two regulators have done their duty to
promote fintech but they didn’t announce it in public.
Areas to particularly watch out for:
• Personal Data Protection
• Technology Risk
• Anti Money Laundering (AML)
• Know Your Customer (KYC)
• Licenses

Regulators
The Office of the Commissioner of Insurance (OCI) is Hong Kong’s insurance regulator
overseeing the financial conditions and operations of authorized insurers. There are
also three self-regulatory bodies overseeing the activities of insurance intermediaries,
namely the Hong Kong Federation of Insurers (HKFI) in relation to insurance agents
and agencies; the Hong Kong Confederation of Insurance Brokers (HKCIB) and
Professional Insurance Brokers Association (PIBA) in relation to insurance brokers.
The Hong Kong Monetary Authority (HKMA) is the banking regulator overseeing
institutions such as banks and deposit-taking companies.
The Securities and Futures Commission of Hong Kong (SFC) is the regulator
regulating intermediaries such as brokers, investment advisers and fund managers in
the securities and futures sectors. The SFC also regulates certain investment products
and other listing matters.
The Office of the Privacy Commissioner for Personal Data (PCPD) is the regulator
overseeing data privacy matters and enforcing the Personal Data (Privacy) Ordinance
(Cap. 486).
The Intellectual Property Department (IPD) is the government department that
administers the intellectual property regime.
InsurTech Liaison Team
The Office of the Commissioner of Insurance has established a InsurTech Liaison
Team to enhance the communication with business involved in the development and
application of financial technology (Fintech) in Hong Kong.
The Liaison Team facilitates the Fintech/InsurTech community’s understanding of the
current regulatory regime and act as a platform for exchanging ideas of innovative
InsurTech initiatives among key stakeholders.
InvestHK
Invest Hong Kong is the department of the Hong Kong Special Administrative Region
Government established in July 2000 to attract foreign direct investment and support
overseas and Mainland businesses to set up or expand in Hong Kong. It provides free
advice and customised services to help businesses succeed in Hong Kong’s vibrant
economy.

INSURTECH STARTUPS
CXA | Digital Employee Benefits Broker | Putting The Fit Into Benefits
Focus Areas Employee Benefits
Pain Points Being
Solved
Employees don’t really care about their life insurance, especially
if they’re young. Healthcare inflation is rising faster than
compensation. E.g., in Singapore, medical inflation is causing
hospital bills to rise 10 percent a year, and yet, compensation is
only rising 3 to 4 percent, so salary increases are pretty low.
Solutions Provided
To repurpose that pot of money (typically around $1,500) that
employers allocate per employee, into wellness programs and
disease prevention.
Founders Rosaline Koo
Founders LinkedIn https://sg.linkedin.com/in/rosaline-chow-koo-212334
Latest Funding $25M on February 8, 2016 (Series B funding)
Interested In (Pilot,
Partner,
Investments etc.)
Please help us update this and any other info:
https://goo.gl/forms/XHom5psCTP82FBFA2
# Employees 101 – 250
Website http://www.cxagroup.com
LinkedIn https://www.linkedin.com/company/connexionsasia
Headquarters Singapore
Founded (When) February 1, 2013
Total Equity
Funding
$33M (B Capital, RGAx, EDBI, NSI Ventures, F&H, BioVeda
Capital)

GoBear | Aggregator | Complete and easy to use insurance comparison
Focus Areas Aggregator, Leads Generation
Pain Points Being
Solved
Consumer should find freedom and ease in choosing complex
financial products like insurance, credit cards and loans.
Solutions Provided
GoBear simply offers consumers a free and transparent
comparison process based on their financial needs, and not
influenced by service providers’ advertising.
Founders Andre Hesselink
Founders LinkedIn https://sg.linkedin.com/in/andre-hesselink-28888a1
Latest Funding
Early 2015/Undisclosed amount (a joint venture between Walvis –
a private equity fund of the Family Fentener van Vlissingen (BCD
Travel Group) - and Aegon)
Partner,
Investments etc.)
# Employees 51-200
Website http://www.gobear.com.sg
LinkedIn https://www.linkedin.com/company/gobear
Founded (When) August 1, 2014
Total Equity
Funding
Early 2015/Undisclosed amount (a joint venture between Walvis –
a private equity fund of the Family Fentener van Vlissingen (BCD
Travel Group) - and Aegon)

Shift Technology | Fraud Detection | Fight Fraud With AI
Focus Areas Fraud Detection
Pain Points Being
Solved
It is estimated that 10% of all insurance payouts are for
fraudulent claims and only 15% of fraud is detected.
Shift Technology provides insurance companies with an
innovative SaaS solution to improve and scale fraud detection.
Solutions Provided
Shift Technology’s SaaS solution combines tailored statistical
algorithms with sectoral expertise in an innovative decision-
making platform that is overhauling the way insurers process
claims and, most importantly, detect fraud.
Our Data Scientist team creates tailored algorithms designed to
reproduce an investigator’s deducting reasoning. Once the
tool is fed with client claims, our customized solution
aggregates and analyzes the data. The client can see results by
logging into an easy to read/ customized dashboard
highlighting the most suspicious cases. Each claim is tagged
with the potential risk of fraud along clear insights on what
makes the claim suspect, making investigations quicker and
easier than ever.
Founders Jeremy Jawish
Founders LinkedIn https://www.linkedin.com/in/jeremy-jawish-6381b75a
Latest Funding
$10M Series A on May 2016, from Accel, with existing investors
Elaia Partners and Iris Capital also participating
Interested In Pilots, Partnerships
Website http://www.shift-technology.com/
LinkedIn https://fr.linkedin.com/company/shift-technology
Headquarters Paris, France
Founded (When) March 14, 2013
Total Equity
Funding
$11.8M in 2 Rounds from 3 Investors (Accel Partners, Elaia
Partners, Iris Capital)

CompareAsia Group | Distribution | Asia's Leading Financial Marketplace
Focus Areas Aggregator
Pain Points Being
Solved
To raise the level of financial literacy in the region, provide more
choice for our customers and be a long-term partner to banking,
insurance, telco and utilities providers in Asia
Solutions Provided
The Group helps people across Asia save money and make
better choices about personal finance with comprehensive, free
and independent online comparison tools for insurance, credit
cards, personal loans and other financial products.
MoneyHero is the Hong Kong business: provides free, reliable,
up-to-date information to enable individuals and households to
find the right products at the most competitive prices.
Founders Gerald Eder
Founders LinkedIn https://www.linkedin.com/in/geraldeder
Latest Funding
$40M Series A on April 22, 2015 (Nova Founders Capital,
Goldman Sachs, ACE & Company, Route 66 Ventures, Jardine
Matheson Group, Owen Van Natta, Mark Pincus)
Partner,
Investments etc.)
# Employees 51-200
Website http://www.CompareAsiaGroup.com
LinkedIn https://www.linkedin.com/company/compareasiagroup
Headquarters Hong Kong
Founded (When) 2013
Total Equity
Funding
$46M in 3 Rounds from 7 Investors (Nova Founders Capital,
Goldman Sachs, ACE & Company, Route 66 Ventures, Jardine
Matheson Group, Owen Van Natta, Mark Pincus)

Prenetics | HealthTech | Next Generation of DNA Testing
Focus Areas DNA Testing, HealthTech
Pain Points Being
Solved
Medicine is not customized to users and therefore is not effective
in a lot of cases, with doctors having to try few different
medicines on a patient before they find an ideal combination
that works for particular patient.
Solutions Provided
Prenetics proprietary iGenes DNA test identifies in every patient
the right drug, right dosage, based on an individual's genetic
profile.
Founders Danny Yeung
Founders LinkedIn https://hk.linkedin.com/in/dyeung22
Latest Funding $10M Series A on March 16, 2016
Interested In Pilots, Partnerships
# Employees 11 - 50
Website www.prenetics.com/
LinkedIn https://www.linkedin.com/company/4806331
Founded (When) 2009
Total Equity
Funding
$12.65M in 2 Rounds from 7 Investors

Gen.Life | SaaS | An intelligent insurance platform for the digital world
Focus Areas Insurance SaaS, Full Stack Operations Stack, Blockchain
Pain Points Being
Solved
Insurance companies largely use the same core policy admin and
claims handling systems they've used for 30 years. This creates
not only a large operational burden but also introduced a drag
on customer experience.
Solutions Provided
With operations in Silicon Valley and Hong Kong, Gen Life is
initially operating as an R&D Center of Excellence collaborating
with leading insurers. Gen Life uses Artificial Intelligence,
Distributed Ledger Technology, and the cloud to deliver the
highest quality risk management, lowest distribution and
transaction cost whilst delivering the most engaging and
frictionless customer experience.
Founders
Mason Borda (CTO),
Steve Monaghan (Chief Investment & Innovation Officer)
Founders LinkedIn
https://hk.linkedin.com/in/stevemonaghan
https://www.linkedin.com/in/mason-borda-5a965b1a
Latest Funding Corporate Investor Backed
Partner,
Investments etc.)
# Employees 1 - 10
Website http://www.gen.life/
LinkedIn
Founded (When) 2016
Total Equity
Funding
Corporate Investors Backed

Apvera | Cyber Security | Insider Threat Intelligence Platform
Focus Areas Cyber Security
Pain Points Being
Solved
Despite the $170 billion being spent globally on security by
2020, attackers are still getting through organizational
defences. In almost every publicized case of a breach or system
intrusion, alerts and alarms did go off in the various monitoring
systems, but were ignored since they were buried among tens
or hundreds of thousands of alerts.
At the same time, most enterprises spend a majority of their
security budget on prevention measures, such as firewalls,
strong user authentication, intrusion prevention, antivirus
systems and the like. Successful hackers have figured out how
to beat these prevention systems. In addition, the attackers are
often not detected once they intrude on a network, since many
monitoring systems generate so many false alarms that intrusion
alerts often remain unnoticed. Detection can be more
successfully accomplished using advanced behavioural analytics
rather than just using rules.
Solutions Provided
To combat these new threats, organizations need a new
security model, one that can anticipate and respond
immediately to any type of threat. Apvera is disrupting the
security industry through user and entity behaviour analytics
bringing profiling and anomaly detection based on machine
learning to security. Apvera is simplifying and making security
solutions more accessible using packaged analytics to evaluate
the activity of users and other entities to discover security
infractions.
Founders Eric Meyer
Founders LinkedIn https://sg.linkedin.com/in/ericmeyerm
Latest Funding S$ 1.7M - series AA
Interested In Partnerships
Website http://www.apvera.com
LinkedIn https://www.linkedin.com/company/apvera
Founded (When) 2013
Total Funding S$1.7M + Grant

Edirect Insure | Distribution | The right insurance at the right price
Focus Areas Distribution
Pain Points Being
Solved
To provide people an alternative by buying insurance direct
versus through brokers and agents.
Solutions Provided
To provide consumers with the most convenient, comprehensive
and customizable insurance experience, offering transparent
pricing and production, and reliable claims process
Founders Charlotte Bruce
Founders LinkedIn https://www.linkedin.com/in/charlotte-bruce-phd-31386922
Latest Funding Venture on January 1, 2016 / Undisclosed Amount
Partner,
Investments etc.)
# Employees 51-200
Website http://www.edirectinsure.com
Founded (When) 2015
Total Equity
Funding
Venture on January 1, 2016 / Undisclosed Amount

Intrepid Ventures | Blockchain Technology & Digital Transformation
Focus Areas Blockchain
Pain Points Being
Solved
Work with blockchain technology startups to help them develop
their teams, find product-market fit, connect them with investors
and enterprise customers to help them scale and reach break-out
velocity.
Solutions Provided
INTREPID & COMPANY is a Blockchain startup studio that
designs new companies and builds enterprise blockchain
solutions. We partner with leading financial institutions and
progressive governments to build private and consortium
blockchain technology networks that transform markets and
economies. Our solutions enable institutions to design, deploy,
and operate blockchain technology networks, and distributed
ledgers that can power new business models, increase
operational efficiencies, and transform economies by scaling the
security and privacy of any type of asset in any market.
Founders Collin Thompson, Zach Piester
Founders LinkedIn
https://www.linkedin.com/in/zachpiester/
https://www.linkedin.com/in/collinthompson
Latest Funding Self Funded
Partner,
Investments etc.)
# Employees 1-10
Website http://www.intrepid.ventures
LinkedIn https://www.linkedin.com/company/intrepid-&-company
Founded (When) 2012
Total Equity
Funding
Self Funded

Coherent Asia | ALM | Insurance Risk Analytics – Done Right
Focus Areas Risk Management, Asset Liability Management
Pain Points Being
Solved
It is not unusual to find 100MB spreadsheets linked across tens of
Excel files with little to no formal controls in place. they pose
governance challenges, lead to low engagement from highly
talented employees and introduce operational "key man" risks as
there may only be one person in the entire company who
understands how the process works.
Solutions Provided
Like banks, incumbent insurers are handicapped by legacy
systems and sluggish manual processes in the back office making
it difficult for the front office to innovate.
To address part of this problem, Coherent Asia Limited is
building a digital ALM platform that will enable C-level risk
committees to effectively manage risks and allocate capital.
Founders Eric Forgy
Founders LinkedIn https://www.linkedin.com/in/ericforgy
Latest Funding Seed Funding by True Global Ventures
Partner,
Investments etc.)
# Employees 1-10
Website https://www.coherentasia.com
LinkedIn https://www.linkedin.com/company/coherent-asia-limited
Founded (When) 2016
Total Equity
Funding
Seed Funding by True Global Ventures

Seasonalife | Robo-Advisory | Asia's first insurance robo-advisor
Focus Areas Robo-Advisory
Pain Points Being
Solved
We are a team of senior actuaries, quants and data scientists who
want to re-design the insurance advisory and purchase process.
Our mission is to be people’s “private actuary” to help make
insurance simple and friendly again.
Solutions Provided
Through codifying our professional knowledge of people’s
needs, how insurance products actually work, and bringing in
institutional-level risk management techniques, we aim to
consistently deliver high-quality advice that can be scaled at a
much lower cost compared to traditional distribution channels.
Founders Fred Ngan (Co-Founder), Michael Chan (Co-Founder)
Founders LinkedIn
https://hk.linkedin.com/in/fredngan
https://www.linkedin.com/in/michael-kwan-yu-chan-19148a7a
Latest Funding Self-Funded
Partner,
Investments etc.)
# Employees 11-50
Website https://www.seasonalife.com
Founded (When) 2016
Total Equity
Funding
Self-Funded

Just Service HK | Distribution | Connecting You Online With Your Money
Focus Areas Wealth Management
Pain Points Being
Solved
Just Service's new technologies allow reporting direct from
insurance companies and fund houses, replacing the slow and
unreliable investment plan reporting.
Solutions Provided
Just Service is a young and innovative fintech startup who
believe in challenging the status quo of the financial services
industry.
We provide service, i.e. information and advice on insurance
linked investments. We leverage technology to keep investors up
to date with what is happening with their savings and investment
plans as well as the markets as a whole
Founders Phil Neilson (CEO)
Founders LinkedIn https://www.linkedin.com/in/phil-neilson-25bba13
Latest Funding TBC
Partner,
Investments etc.)
# Employees 11-50
Website http://www.justservicehk.com
LinkedIn www.linkedin.com/company/6435197
Founded (When) 2014
Total Equity
Funding
N/A

EKYC.IO | Blockchain / KYC | Once stored in EKYC, it’s for eternity
Focus Areas KYC, Blockchain
Pain Points Being
Solved
Distributed ledger technology offers a cost-effective, secure, and
permissionless participation (where applicable) and peer-to-peer
collaboration without the need of human trust.
Solutions Provided
EKYC is a register that utilises Blockchain technology for Know
Your Customer (KYC) and legal activities. Tangible and digital
documentary assets are authenticated with strong due diligence
by our team of professionals and are securely stored, managed,
and/or issued to designated identities (where applicable)
according to your instructions.
Founders Dr. Lawrence Ma (Co-Founder, CEO)
Founders LinkedIn https://www.linkedin.com/in/dr-lawrence-ma-21b74923
Latest Funding TBC
Partner,
Investments etc.)
# Employees
Website http://ekyc.io
LinkedIn
Founded (When) 2016
Total Equity
Funding
TBC

10Life | Distribution | Your Insurance Decoder
Focus Areas Distribution
Pain Points Being
Solved
Insurance currently is complex and intransparent.
10Life was created to address all of customers needs for
Insurance - instantly.
Solutions Provided
From understanding products to filing claims, you get instant
answers with 10Life. Our team of experienced actuaries, medical
professionals and insurance experts decode complex insurance
products into unbiased, easy to understand, scores and rankings.
Our platform also allows you to have your insurance questions
answered by licensed advisors, 24/7, often within minutes. 10Life
is totally FREE for our customers!
Founders
Dennis Lun
Iris Lun
Founders LinkedIn
www.linkedin.com/in/dennis-lun-2624424
www.linkedin.com/in/iris-lun-b685272
Partner,
Investments etc.)
# Employees 1-10
Website https://10life.com
LinkedIn www.linkedin.com/company-beta/13243903/
Founded (When) 2016
Total Equity
Funding
Self Funded

BOLA | Full Stack GI Insurer Startup | Launching in mid 2017…
Focus Areas Personal Lines Insurance
Pain Points
Being Solved
We have bought traditional insurance products, but the experience
feels obsolete and painful. The next generation is looking for a
hassle-free experience on digital platform, and they are not properly
addressed with the archaic insurance system and technology.
Solutions
Provided
We are building a state-of-the-art technology stack from the ground
up to deliver the best products and experience, rather than thinking
of them as an afterthought. Our solutions empower self-help and
customize products with AI-like solutions, digitize and automate claim
processes, and build social communities.
Founders
Alvin Kwock
Ronald Lam
Founders
LinkedIn
https://hk.linkedin.com/in/alvin-kwock-8324052
Latest
Funding
Founding team round
Interested In Partnerships
# Employees 11-50
Website Launching in mid 2017
LinkedIn
Founded
(When)
2016
Total Equity
Funding
Angel round, founding team round, undisclosed amount

Simple Wearables | IoT / HealthTech | Age Actively
Focus Areas Wearables, Healthtech
Pain Points
Being Solved
Simple Wearables help seniors to live safer, longer, and lead more
fulfilling lives.
Solutions
Provided
Our enterprise solutions can help:
- Doctors and Physiotherapists remotely and unobtrusively monitor
their patient's mobility after a fall.
- Senior Living Centers by making their residents feel safer and more
secure, allowing them to continue thriving independently.
- Emergency Response providers by automatically putting them in
direct two-way communication with their subscribers in the event of
an emergency.
Founders Angelo Umali
Founders
LinkedIn
https://www.linkedin.com/in/angeloumali
Latest
Funding
$307K on September 18, 2015 (Convertible Note)
Interested In
(Pilot, Partner,
Investments
etc.)
# Employees 11-50
Website http://www.simplewearables.com
Founded
(When)
2013
Total Equity
Funding
$457K in 3 Rounds from 1 Investor

Galileo Platforms Limited | Marketing | Life Insurance Reimagined
Focus Areas Marketing, Social Media
Pain Points Being
Solved
Life insurance is inaccessible to Asia’s digital generation
Solutions Provided
Galileo Platform's purpose is to make life insurance accessible to
Asia's digital generation.
We are a technology startup with a vision that might seem like
heresy. To bring life to the mundane. Using client centred
design. And technology that will change the world. Life insurance
re-imagined.
Founders
Jenny Sutton
Annette King
Mark Wales
Founders LinkedIn
www.linkedin.com/in/jsutton/
www.linkedin.com/in/annette-king-84089426/
www.linkedin.com/in/mawales/
Partner,
Investments etc.)
# Employees 1-10
Website http://www.galileoplatforms.com
LinkedIn www.linkedin.com/company/galileo-platforms-limited
Founded (When) 2016
Total Equity
Funding
Self Funded

INSURERS
Chubb
Insurer /
Re (Ins) / Broker
Insurer
About
Chubb Insurance is the world’s largest publicly traded property
and casualty insurer. With operations in 54 countries, Chubb
provides commercial and personal property and casualty
insurance, personal accident and supplemental health insurance,
reinsurance and life insurance to a diverse group of clients.
At Chubb Digital we are building a sustainable digital insurance
business with a strong focus on technology integration and
collaboration across the startup / InsurTech landscape.
Life / P&C
Insurance
P&C, Commercial
Headquarters Zurich, Switzerland
Regional Office Singapore
Licensed in
Hong Kong
Y
Presence across
Asia
Singapore, Hong Kong, Malaysia, Indonesia, Vietnam, Thailand,
Hong Kong, China, South Korea, Japan.
Notable start-up
collaborations
Chubb Digital was created in June 2016 and is currently in the
process of filtering through possible collaborations and partner
opportunities with the startup community.
Interested in early
stage start-ups?
Y
Engagement
models
Mentorship, Pilots, Investments, Partnerships
Areas of potential
collaboration
Full Insurance eco-system
Website www.chubbdigital.com

AXA
Insurer /
Re (Ins) / Broker
Insurer
About
AXA is one of the world's leading insurance companies. We
provide innovative insurance solutions for both personal and
business needs. AXA also invests heavily in startups through its
VC funds, AXA Strategic Ventures and Kamet Ventures.
Life / P&C
Insurance
Life, P&C, Commercial
Headquarters Paris, France
Regional Office Hong Kong
Licensed in
Hong Kong
Y
Presence across
Asia
Singapore, Hong Kong, Malaysia, Indonesia, Thailand, China,
South Korea, Japan, India, Taiwan, Philippines
Notable start-up
collaborations
Grab, Shift Technology, MyDoc, UEX, Boundlss
Interested in early
stage start-ups?
Y
Engagement
models
Mentorship, Pilots, Investments, Partnerships
Areas of potential
collaboration
Claims Management, Fraud Detection, Underwriting,
Distribution, Data, Telematics, Connected Health, Blockchain
Website http://www.axa.com.hk

Allianz
Insurer /
Re (Ins) / Broker
Insurer
About
Allianz has been present in the region since 1910, providing fire
and marine insurance in the coastal cities of China. Today,
Allianz is active in 14 markets in the region, offering its core
businesses of property and casualty insurance, life and health
insurance and asset management. With its more than 32,000
staff, Allianz serves the needs of over 18 million customers in the
region across multiple distribution channels.
Life / P&C
Insurance
Headquarters Munich, Germany
Licensed in
Hong Kong
Y
Presence across
Asia
Singapore, China, Malaysia, India, Indonesia, Taiwan, Japan,
South Korea, Thailand, Philippines, Laos, Sri Lanka
Notable start-up
collaborations
See: www.allianzasialab.com
Interested in early
stage start-ups?
Y
Engagement
models
Pilots, Partnerships, Investment, Mentorship
Areas of potential
collaboration
Mobility, Health, IoT/ Smart City, Insurtech/ Wealthtech,
Analytics/ Cyber security
Website www.allianz-asiapacific.com

Manulife
Insurer /
Re (Ins) / Broker
Insurer
About
Manulife is a leading financial service company that provides a
wide range of financial and investment protection products and
wealth management services.
Life / P&C
Insurance
Life
Headquarters Toronto, Canada
Licensed in
Hong Kong
Y
Presence across
Asia
China, Hong Kong, Japan, Singapore, Philippines, Thailand,
Malaysia, Indonesia, Thailand, Vietnam, Cambodia
Notable start-up
collaborations
Indico, Nervana, ConsenSys, BlockApps
Interested in early
stage start-ups?
Y
Engagement
models
Pilots, Partnerships, Investments
Areas of potential
collaboration
Automated Intelligence, Blockchain, Security, IoT,
Augmented/Virtual Reality
Website www.manulife.com.hk

Liberty Mutual
Insurer /
Re (Ins) / Broker
Insurer
About
Liberty Insurance Hong Kong is a 100% owned strategic
business unit of Liberty Mutual Insurance Group. Headquartered
in Boston, Liberty Mutual Insurance
Liberty Mutual Innovation comprises initiatives of several teams
including Consumer Markets, Information Technology and
Strategic Ventures.
A Fortune 100 company founded in 1912, Liberty Mutual
Insurance is a global leader with over 50,000 employees and a
strong history of partnering with businesses, government and
institutions to support our policyholder-customers and improve
the world we live in.
Life / P&C
Insurance
P&C
Headquarters Boston, USA
Regional Office Sydney, Australia
Licensed in
Hong Kong
Y
Presence across
Asia
Hong Kong, Singapore, Thailand, China, Vietnam, India,
Malaysia, Australia
Notable start-up
collaborations
Interested in early
stage start-ups?
Y
Engagement
models
Pilots
Areas of potential
collaboration
welcome.libertymutual.com/innovation/
Website www.libertyinsurance.com.hk

FWD
Insurer /
Re (Ins) / Broker
Insurer
About
FWD is one of the top online insurance companies in Hong
Kong. We offer a wide range of insurance solutions from car,
travel and life.
Life / P&C
Insurance
Life, P&C
Licensed in
Hong Kong
Y
Presence across
Asia
Hong Kong, Singapore, Philippines, Indonesia, Vietnam, Macau,
Thailand
Notable start-up
collaborations
Interested in early
stage start-ups?
Y
Engagement
models
Pilots
Areas of potential
collaboration
Claims digitalization
Website www.fwd.com.hk

Aviva
Insurer /
Re (Ins) / Broker
Insurer
About
We are one of Singapore's leading providers of insurance. We
offer home, travel and car insurance, life and health plans, and
savings and investment solutions.
Life / P&C
Insurance
Life, P&C
Headquarters London, UK
Licensed in
Hong Kong
Y
Presence across
Asia
Singapore, India, Taiwan, Vietnam, Hong Kong, Indonesia,
China
Notable start-up
collaborations
Interested in early
stage start-ups?
https://goo.gl/forms/RF6yhadiIHkeIQ7w2
Engagement
models
Pilots
Areas of potential
collaboration
Can be explored through the Aviva Digital Garage - Innovation
Lab in Singapore
Website www.aviva.com.hk

AIA
Insurer /
Re (Ins) / Broker
Insurer
About
AIA Singapore provides insurance products for both individuals
and businesses.
Life / P&C
Insurance
Life
Licensed in
Hong Kong
Y
Presence across
Asia
Singapore, Cambodia, Hong Kong, Indonesia, Malaysia,
Myanmar, Thailand, Philippines, Vietnam, China, Brunei,
Australia, Korea, New Zealand, Taiwan, India, Sri Lanka
Notable start-up
collaborations
Partnering through an accelerator model
Interested in early
stage start-ups?
Y
Engagement
models
Acceleration, Pilots, Partnerships
Areas of potential
collaboration
Can be explored through startup accelerator
http://www.aia-accelerator.com/
Website www.aia.com

Tokio Marine
Insurer /
Re (Ins) / Broker
Insurer
About
Based in Singapore, Tokio Marine Asia (TM Asia) is an
established regional headquarters and intermediate holding
company, located at the Tokio Marine Centre in Singapore. Our
organisation oversees 8 P&C Insurance companies and 5 Life
Insurance companies in 8 countries, which employs over 5,000
people across the region.
Life / P&C
Insurance
P&C, Life
Headquarters Tokyo, Japan
Licensed in
Hong Kong
Y
Presence across
Asia
Japan, Singapore, Thailand, Malaysia, Vietnam, Indonesia, India,
Philippines, Myanmar, Australia, New Zealand.
Notable start-up
collaborations
Interested in early
stage start-ups?
Engagement
models
Pilots
Areas of potential
collaboration
Website www.tokiomarineasia.com

MSIG
Insurer /
Re (Ins) / Broker
Insurer
About
For over 100 years, MSIG has been Asia's leading general
insurance provider. Today, with representation in every ASEAN
country, Hong Kong and Oceania, MSIG continues to grow in
strength and reach. With its wealth of experience and
commitment to Asia, MSIG leverages on its multi-channel
distribution, strong partnerships and intermediaries and
extensive geographical network to offer a wide range of
insurance solutions across personal and commercial lines.
Life / P&C
Insurance
P&C
Headquarters Tokyo, Japan
Licensed in
Hong Kong
Y
Presence across
Asia
Japan, Singapore, Thailand, Malaysia, Vietnam, Indonesia, Hong
Kong.
Notable start-up
collaborations
CSE Automotive Technologies Sdn Bhd. (Telematics)
Interested in early
stage start-ups?
Engagement
models
Pilots
Areas of potential
collaboration
Website http://www.msig-asia.com

Additional insurers (to be added at a later date)
Please help us update this info:
AIG
Alliance World Insurance
Asia Insurance Company
BOC Group Life
China Life
China Pacific Insurance
China Taiping Insurance
CNOOC Insurance
Falcon Insurance (Fairfax)
Generali
Hang Seng Insurance
HSBC Life
MetLife
Ping An Insurance of China
Prudential
QBE-HKSI
SunLife
Transamerica life
Zurich

RE-INSURERS
Munich Re
Insurer /
Re (Ins) / Broker
Re Insurer
About
Munich Re Group is a reinsurance company based in Munich,
Germany. It is one of the world’s leading reinsurers. ERGO, a
Munich Re subsidiary, is the Group’s primary insurance arm.
Life / P&C
Insurance
Life, P&C
Headquarters Munich, Germany
License in
Singapore
Y
Presence across
Asia
Singapore, China, India, Japan, Korea, Malaysia, Taiwan,
Australia, New Zealand.
Notable start-up
collaborations
Lemonade, Slice, Trov, Simplesurance, Meshify, Waygum,
Auduri, Metabiota, Helium, Precisionhawk, Plug and Play IoT
and Insurance, Mundi Lab.
Interested in early
stage start-ups?
Y
Engagement
models
Pilots, Partnerships
Areas of potential
collaboration
Risk transfer, insurance products, knowledge about insurance
industry, access to insurance clients
Website www.munichre.com

Swiss Re
Insurer /
Re (Ins) / Broker
Re Insurer
About
The Swiss Re Group is a leading wholesale provider of
reinsurance, insurance and other insurance-based forms of risk
transfer. Dealing direct and working through brokers, its global
client base consists of insurance companies, mid-to-large-sized
corporations and public sector clients.
Life / P&C
Insurance
Headquarters Zurich, Switzerland
Regional Office Hong Kong, PRC / Bangalore, India
License in
Singapore
Y
Presence across
Asia
Singapore, China, India, Japan, Korea, Malaysia, Australia
Notable start-up
collaborations
Sharecare, digi.me, biovotion, Arya.ai, Datasigns Technologies,
eKincare, GOQii, niki.ai, Touchkin
Interested in early
stage start-ups?
Y
Engagement
models
Pilots, Partnerships, Investments, Swiss Re InsurTech Accelerator
Areas of potential
collaboration
Across the insurance valuechain
Website
www.swissre.com
www.swissre.com/events/2016_insur_tech_accelerator.html

RGA
Insurer /
Re (Ins) / Broker
Re Insurer
About
Reinsurance Group of America (RGA) is one of the largest global
life and health reinsurance companies. With operations in 26
countries, RGA supports clients and partners around the world
with innovative approaches and customized solutions.
RGA is the only global reinsurance company to focus primarily
on life- and health-related reinsurance solutions.
The core products and services include life reinsurance, living
benefits reinsurance, group reinsurance,
health reinsurance, financial solutions,
facultative underwriting, and product development.
Life / P&C
Insurance
Life, Health, P&C
Headquarters Chesterfield, Missouri, United States
License Hong Kong
Presence across
Asia
Australia, China, Hong Kong, India, Japan, Malaysia, New
Zealand, Singapore, South Korea, Taiwan
Notable start-up
collaborations
ConneXionsAsia
Interested in early
stage start-ups?
Y
Engagement
models
Pilots, Partnerships
Areas of potential
collaboration
Website www.rgare.com
www.rgax.com

Peak Re
Insurer /
Re (Ins) / Broker
Re Insurer
About
Peak Re started in late 2012 with an initial capital of US$ 550
million, and has grown our shareholder funds to US$816.9
million as of 31 August 2016. Our gross written premium
reached US$582.68 million by the end of December 2015.
As a global reinsurer, Peak Re is one of the few established in
Asia Pacific accepting both life & health and property & casualty
reinsurance business. We offer reinsurance business covering
various lines of business, tailor-making risk transfer and capital
management solutions to best fit clients’ needs.
Life / P&C
Insurance
Life, Health, P&C
License Y
Presence across
Asia
Hong Kong
Notable start-up
collaborations
Nextassure
Interested in early
stage start-ups?
Engagement
models
Areas of potential
collaboration
Website www.peak-re.com

INVESTORS
CreditEase
Type
Financial Services, Wealth Management, Venture Capital
About
Credit Ease is China's premier peer-to-peer
lending/microfinance platform, serving working professionals,
business owners, students, other consumers, and farmers, as
well as individual investors. It is a Standing Committee member
of China’s Internet Finance Industry Association and Chairman
of Beijing Marketplace Lending Association.
The fund will focus on consumer, telecom, healthcare,
industrial, media and tech companies in North America,
Western Europe and Asia.
Investment
Ticket Size
Series A and above
Headquarters China, Beijing
Founder Ning Tang
Fund Size $500M
Investments 3 Investments in 3 Companies
Portfolio
Companies
Chedai.com, Circle, Tradeshift
Website http://english.creditease.cn/
Exits 2 Acquisitions

Horizons Ventures
Type
Financial Services, Finance, Venture Capital for Seed, Early
Stage Venture, Later Stage Venture, and Private Equity
Investments
About
Horizons Ventures Limited is a venture capital firm based in
Hong Kong with a focus on disruptive and technology-focused
start-ups. Horizons Ventures manages the private investment of
Sir Li Ka-shing in the technology, media and
telecommunications sector (TMT sector).
Investment
Ticket Size
From $900K onwards
Founders
Solina Chau
Debbie Chang
Li Ka-shing
Fund Size $30B
Portfolio
Companies
The company has funded some of the more well-known
technology innovations of the last decade, including Skype, Siri,
Facebook, Waze, Summly, Spotify and more. Its portfolio now
consists of over 40 companies around the globe.
Website http://horizonsventures.com/
Exits
1 IPO and 15 Acquisitions

ARBOR VENTURES
Type
Financial Services, Big Data, Venture Capital for Seed and Early
Stage Venture Investments
About
Arbor is a venture capital firm focused on partnering with
exceptional entrepreneurs building technology companies in
Asia. Arbor focuses on the intersection of big data, financial
services and digital commerce.
Arbor Ventures invests in disruptive technology companies in
Hong Kong, China, Japan, Singapore and ASEAN. Arbor
Ventures recruit management talent to complement the existing
team and actively mentor founders and CEOs, provide a global
network to find the right strategic partners + technology, and
recruit world-class board members and advisors as well as
investors from the Valley and Europe, and navigate regulatory
environment with local relationships and manage implicit local
market dynamics.
Investment
Ticket Size
Seed Round and above
Founders
Wei Hopeman
Melissa Guzy
Fund Size $120M
Portfolio
Companies
Evercompliant, Paidy, TravelersBox, QuanCheng, Abra
Website http://www.arborventures.com/
Exits 1 Acquisition

AXA Strategic Ventures
Type
Financial Services, Venture Capital fund investing in insurance
verticals, financial services and enterprise software.
About
ASV invests in startups that are shaping the future of insurance
and asset management.
ASV is a €230M ($250M) VC fund investing in seed and early
stage companies through ASV Early Stage, and in growth equity
companies through ASV Capital. ASV invest in companies that
leverage differentiated technology and scalable business
models to drive innovation and define the future of insurance
and asset management. Sectors of interest include enterprise
software, financial technology, insurance technology, as well as
innovations in travel, health and auto verticals.
Investment
Ticket Size
$500k and above
Headquarters San Franciso, California
Founder François Robinet
Fund Size $250M
Portfolio
Companies
FLYR, One, Inc., 2045 Tech, Wellth, BioBeats, PolicyGenius
Website http://www.axastrategicventures.com/en/
Exits No exits found

XL Innovate
Type
Risk Management, Insurance, Venture Capital that does Seed
and Early Stage Venture Investments
About
XL Innovate is a specialized venture capital fund pursuing
investments in financial technology, new opportunities for
insurance underwriting, and related analytics, globally.
The fund is financially backed by XL Group, Plc. Investment
Partners are located in Menlo Park, CA; Los Angeles, CA; and
New York, NY.
Investment
Ticket Size
Seed Round and above
Headquarters Menlo Park, California
Founder Tom Hutton
Fund Size $70M
Portfolio
Companies
Stonestep, Lemonade, Cape Analytics, Notion, Embroker, Slice
Labs
Website http://www.xlinnovate.com
Exits No exits found

FURTHER RELATED INSURTECHASIA MATERIALS
Singapore InsurTech Directory
ASEAN InsurTech Playbook

Hong Kong Insurance Tech directory (v1.0)

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (20)

Similar to Hong Kong Insurance Tech directory (v1.0)

Similar to Hong Kong Insurance Tech directory (v1.0) (20)

Recently uploaded

Recently uploaded (20)

Hong Kong Insurance Tech directory (v1.0)