It is hoped the virtual insurance licences will encourage wider use of technology by Hong Kong’s insurers. Photo: Shutterstock

First virtual general insurance licence goes to Avo as Insurance Authority promotes insurtech in Hong Kong

  • Avo will be a purely digital insurer, selling its products online without the use of agents or brokers
  • The virtual licences are aimed at promoting insurtech in Hong Kong
Topic |   Insurance

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It is hoped the virtual insurance licences will encourage wider use of technology by Hong Kong’s insurers. Photo: Shutterstock
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.