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Glad to have Mr. Clement Lam, CEO of Sun Life Hong Kong, be my guest on the RTHK radio programme – New Management Thinking 管理新思維. Really appreciate Clement’s sharing and time, and my RTHK partner Jenny Lee. We talked about how insurance companies innovate. While we are seeing some progress in this space, there are still quite a few internal and external challenges to making changes and innovations to this legacy industry. What have we discussed? 1. Sun Life has been in Hong Kong for more than a hundred years (130 years to be exact). Clement shared his experience of how to change the culture of a well-established company with many professionals and legacy culture to encourage and embrace innovation. 2. Leveraging and investing in startups (for example, Sun Life invested in Bowtie) and collaborating with the ecosystem are other topics that we discussed. 3. We also talked about opportunities and challenges for insurance companies in Hong Kong and the GBA. 4. We exchanged ideas on acquiring, cultivating and retaining the right talents, especially for young generations. 5. Leveraging slashers in the Gig and Sharing Economy is becoming a trend and more companies are making use of it. And a lot more.. If you would like to learn more from our discussion, please tune in RTHK1 this coming Sun (Apr 17) from 2 pm to 4 pm. https://lnkd.in/f-X8RaN Update: You can listen to it here now https://lnkd.in/gYddhHHW #insurance #insurtech #healthtech #fintech #startup #ecosystem #Bowtie #RTHK #香港電台 #管理新思維 #NewManagementThinking 永明金融 #SunLife #SunLifeHK #GigEconomy #SharingEconomy #GBA #GreaterBayArea CUHK Business SchoolCUHK EMBA#CUHK #CUHKEMBA #EMBA Andrew Chan Pong Yuen, Howard Lam Chun So

First of all, congrats to all 2021 FinTech Award winners and participating teams of the 2021 Hong Kong ICT Awards. Really happy for #Wizpresso Calvin Cheng, CFA and his team to win the Grand Award this year. Really proud of them for their great progress in the last few years. Also congrats to all the other winners including #CoverGo #MediConCen #FCCAnalytics #Tappy #AIA #LeapXpert #Quantifeed #Contrendian. Find out more https://lnkd.in/gnwmi8S7

It has been my great honour to be the Chief Judge of the #HKICTAwards FinTech Award this year and in the last few years. Big thanks to all judges and assessors like Michael LeungStephen LauDominic SiuHerman ChengJacob Wai 韋達人, LLM, MBA, FRM, FCMA, FwiSDP, CSDP, MHKCSBrit Blakeney AnghelakisBurton ChengRosie Hampson, Pete Townsend, CK Wong, Betty Fung, Andy Tong, Wilson Pang, for their contribution. Appreciate #HKIB teammates led by Mr. David Kwok, Carrie Leung and Philip Kam for their leadership and professional management of the FinTech Award. Also thank for the great support from #OGCIO #HKMA #HKIB #HKSFC #Cyberport #HKSTP #ASTRI and other supporting organizations.

The good news for this year is that we are witnessing better and stronger teams year from year. Here are the 3 key highlights.

1. We had record high in terms of number of applications this year.

2. We had richer varieties of #FinTech innovations this year, such as #InsurTech#RegTech#Tokenization#AI on HR in Financial Services.

3. We also appreciated more collaboration of FinTech #startups #entrepreneurs and financial services incumbents #leaders to #cocreate better customer experience, products and services, and innovate new business models. From competition to collaboration.

With this foundation and FinTech ecosystem that we have built for Hong Kong, plus initiatives like HKMA #FinTech2025 and #CDI#GBA#ESG#InsuranceConnect, etc., We are expecting even better innovations coming in the next few years.

Congrats to all of you including myself and be grateful to be a part of the FinTech innovation journey for Hong Kong. Thank you.

Wizpresso 濃說
Tappy Technologies
CoverGo | Insurtech
LeapXpert
Quantifeed – The Wealthcare Experts
CONTRENDIAN

I am really pleased to join two innovation leaders and good friends Fred Ngan #Bowtie and Austin R. Bryan, #CLP to share our experience on #Innovation together in #HKGCC on Jul 8 afternoon.

It is one of the events of the “Innovation and Creativity” category of the Hong Kong Awards for Industries. The Awards is a premier business awards scheme championed by the HKSAR Government and the Hong Kong General Chamber of Commerce #HKGCC #香港總商會 is the organiser of the “Innovation and Creativity” category.

Austin is a seasoned corporate leader and has pioneered many successful innovation projects. He will talk about “Can Iconic Companies (old) Innovate? Why do they try? What does it Mean to Innovate?”.

Fred is a serial entrepreneur and has founded a few great #InsurTech #startups. He will talk about “Winning through Digital Innovation”.

I have nurtured quite a few startups. I currently chair, advise and invest in a few emerging startups, and cultivate corporate leaders on #DigitalTransformation and #CorporateInnovation through my training and advisory roles. I will talk about “Digital Transformation: Opportunities and Challenges for Traditional Industries”.

Find out more about this forum here and see you there.
https://lnkd.in/gCnvqv7

#Insurance opportunities in the Greater Bay Area are tremendeous. To recognize the contribution of insurance companies to the growth of this emerging market, Hong Kong #MetroFinance #MetroRadio had presented a series of awards to the best insurers and talents yesterday. Find out more here:https://lnkd.in/gNT_uTj

Congratulations to all the winners. I was one of the judges there representing the #Innovation and #Technology industry. I was so pleased to present the following awards to #AIA HK – the winner of the Best InsurTech, Best Online Platform & Best Anti-Covid19 Contribution. Impressive! They set a great example on how to make use #BigData#AI & #Platform to create a personalized seemless experience for their customers. To find out more, please watch this video on their #SuperConnect platform here.
https://lnkd.in/gygZUhp

Influential leaders from the insurance industry shared their views on the opportunities and challenges in #GBA. Glad to meet two outstanding leaders of Hong Kong, Dr. Michael Chan 陳裕光博士 & JP Simon Wong 黃家和太平紳士. They were also judges of the awards.

Appreciate #MetroFinance #新城財經台 宋文禧先生, 魏美珍小姐, Alaric Chu 朱子昭 & teammates to organise this great awards. Our #InsurTech #entrepreneurs #startups will surely energize this growth further. Keep it going.

Grateful to see and contribute to another great offline conference today. The 6th #Cloud Forum Hong Kong was successful launched today at the #HKCEC. The main theme was Cloud HyperDrive in Disruptive Time.
https://www.cloudforum.hk/

I was moderating the 1st panel of the forum and the topic was #CloudMigration. We had a good mix of experiences in our panel so we could make insightful discussion from different perspectives. It included well established company Dr. Ted Suen, MH #MTR, vibrant #FinTech #InsurTech #Startup Michael Kwan Yu Chan #Bowtie and leading Cloud Service provider #AWS  .

It was a very insightful discussion. We touched on internal buy in, Capex and Opex changes in adopting Cloud, governance, partner selection, outsourcing strategy, SME challenges, etc. Thank you for all our panelists’ insightful and practical experience sharing.

Thanks for the great support from Victor Lam #OGCIOPeter Koo FCPA,CA,AICPA,CPA(Aust),ACCA,CIA,CFE,CISA,CISM from #DeloitteCatherine Chan from #Kornerstone and many others.

Felt happy and warm to see many friends in person in these 2 days at HKCEC. It has been a long time. Physical forums are just beautiful. Hope that continues and gets bigger and bigger with good health for all. Take care!

Great exchange of ideas with Andy Ann – one of the best tech #SerialEntrepreneurs from Hong Kong as well as our #CUHK #EMBA #CUHKEMBA distinguished alumnus. He has founded a few successful start-ups before another great one #YAS today – a #InsurTech startup focusing on #MicroInsurance. Impressive!

I met Andy a few years ago when we participated the #HSBC Innovation Summit. We have both witnessed how HSBC Commercial Banking have been transforming in the Digital Economy and glad that we had a chance to contribute to their #innovation journey as well.

Honoured to receive his book #創業不困難 from him directly. Learned a lot of secret sauce on being a successful startup today from Andy. I will share a copy of my book #數碼力大提升 in my next round of discussion with him.

We will explore further on how to empower and support our startup ecosystem, in particular those are trying but not yet on the right track, better and stronger.

Look forward to learning from and collaborating with Andy and many other successful entrepreneurs from Hong Kong, mainland and Asia. Stay tuned.

It was a fruitful day in #Cyberport together with Rocky Cheng #BOCHKMichael Leung #BOADr Wendy Woon Ming LEE #AutoDesk and Justin Leung #YCP. We were in the vetting meeting to select #startups to join Cyberport #Incubation Programme #CIP.

Again, quite a few passionate and elite #entrepreneurs applied for the programme. Great innovations on #FinTech#InsurTech#AI#EdTech#HealthTech#PropTech#DigitalEntertainment#LifeStyle#SmartCity, etc. Impressive that a few of them have already had footprint or have their plan and ambition to go after #ASEAN and #GBA markets.

Thanks Cyberport’s team Eric Chan Alice So William Lau Steve Lam and many others for all their effort behind the scene. Keep it going and add oil.

We had lunch in the Interval/Farmacy restaurant in Cyberport. They served vegetables from #Farmacy which use technologies to provide farming at store. Thanks Raymond Mak for making it happened there. Tasty and healthy plus nice environment.

#InsurTech is getting great momentum in Hong Kong. #Bowtie #Blue #OneDegree #CoverGo #Coherent #Weinsurance #ZongAn & a few more have been pioneering it & performing well. At the same time, incumbents gradually ramping up their innovation  like #Aviva #AXA #Prudential #SunLife #Zurich

I had a fruitful discussion with Fred Ngan #Bowtie in the #BODW2020 a few weeks ago. Today, I had another chance to talk to a group of experts in the InsurTech industry including Isabel Feliciano-Wendleken Lapman Lee  Syed Musheer Ahmed in the 2020 #NEXX FinTech at #Cyberport.

My key takeaways:
1. InsurTech startups need to find the right sponsor in the incumbents which are aligned on KPIs

2. Like #OpenBanking#OpenInsurance is needed for better customer experience & collaboration with the ecosystem

3. Build digital insurance from scratch so that the end products are simplier in nature & easier for designing better customer centric solutions

4. #B2B gains good momentum while #B2C can learn from #VirtualBanks.

Apart from InsurTech, the Conference had panels on #VirtualBanking#Payments & other hot FinTech topics. Glad to see good friends Ernest Leung from #WeLabMedhy Souidi from #DBS & FinTech guru Emil Chan & others.

Appreciate Mann WM Yim & Ivy Chan for organizing the conference.

It has been a year since I taught my favorite subject for #CUHK #MBA – Applications of #AI & #MachineLearning in #FinancialServices. I remember how engaged my MBA students like Daniel Lee Carmen Pan Olivia Saha & others were to learn about the subject. They did a few group projects on #PingAn #WeBank #DBS #HKEx impressively. Appreciate all guest speakers Wing Cheung Tim Chan, MBA, FLMIBianca HoJacob Wai 韋達人, LLM, MBA, FRM, CMA, MHKCS & Tim Leung to share their practical experience. My students loved this part very much.

A new cohort will start next week. Thanks for Grace Liang‘s & her team’s support to make it happened under the #Covid19. We received great interest & enrollment for this class. Will share the latest AI #innovations on #WealthTech #LendTech #BankTech #PayTech #InsurTech #RegTech & #MarketIntelligence. Again I have invited seasoned #FinTech, AI & #BigData #entrepreneurs & innovators from incumbents & #startups to share their experience. Thanks in advance for Vivek Mohindra 默威克 #KristalAIMedhy Souidi #DBS #TencentJacob Wai 韋達人, LLM, MBA, FRM, CMA, MHKCS #FitchGeorge Lee #Mastercard & Calvin Cheng, CFA #Wizpresso.

Look forward to another great learning journey with my #CUHKMBA students & guest speakers on AI in financial services.