, Hong Kong
/Charles Deluvio from Unsplash

Hang Seng, CEFAR Academy link up to create insurtech through insurance arm

This collaboration falls under the HKMA’s Industry Project Masters Network (IPMN) scheme.

Hang Seng and Chinese University of Hong Kong's (CUHK) Engineering FinTech Applied Research Academy (CEFAR Academy) are introducing an Insurance Technology (InsurTech) stream in collaboration with Hang Seng Insurance, a subsidiary of Hang Seng, and supported by the Insurance Authority (IA). 

This InsurTech stream aims to transform the insurance sector by utilising data analytics and advanced technology to offer personalized insurance solutions and competitive returns.

Further, Hang Seng Bank (Hang Seng) continues its partnership with the CEFAR Academy to provide fintech training opportunities. This collaboration falls under the Hong Kong Monetary Authority's (HKMA) Industry Project Masters Network (IPMN) scheme, which began in 2021.

ALSO READ: Hang Seng Bank, Chubb ink 15-year bancassurance partnership

In addition to establishing a new InsurTech division, Hang Seng Indexes Company, another subsidiary of Hang Seng, is participating in an industrial program for the first time, exploring opportunities in tokenization and blockchain technology. 

This involvement brings the total number of industry projects Hang Seng is engaged in for the 2023/24 program to seven, the highest among industry participants.


Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.