Xu Zhengyu: Hong Kong's list of over 120,000 licensed insurance intermediaries has approved more than 100 insurance professional applications

The Zhitong Finance App learned that Hong Kong's Secretary for Financial Services and the Treasury, Mr Hui Ching-yu, said in his speech at the annual meeting of the International Association of Insurance Supervisors that Hong Kong currently has more than 120,000 licensed insurance intermediaries, and the government is stepping up efforts to expand the talent pool. Since the “Insurance Industry Talent Enhancement Training Program” launched 10 years ago, about 22,000 insurance industry practitioners have participated.

At the same time, Hong Kong strives to attract talent from around the world. It has received and approved more than 100 applications under the “Special Insurance Professional” and “Actuary” categories of the Hong Kong Talent List, reflecting the talent's full confidence in Hong Kong's prospects and achievements as an international risk management center.

He pointed out that the current level of risk intertwining is unprecedented; geopolitical changes are affecting supply chains and financial markets; risks related to climate change are intensifying; artificial intelligence is reshaping insurance companies' insurance, pricing and customer service methods; and an aging population is also changing the need for protection and long-term savings. He pointed out that these risks know no borders, and no single regulator, market, or industry can handle them alone.

He mentioned that as a super contact, Hong Kong brings together insurance companies, reinsurance companies and capital markets, has a robust regulatory framework, and is closely linked to the mainland and the international community. These advantages enable Hong Kong to help the insurance industry deal with new risks. It will also continue to consolidate Hong Kong's role as a regional risk management center by attracting more professional self-insurance companies to settle in, expand the insurance-linked securities market, and cultivate industry talents to help Asian and mainland enterprises “go global”.