Hong Kong Life held a launch occasion to announce the adoption of iAM Good for buyer identification verification in buyer serving account login, attended by Senior Administration of Hong Kong Life and the representatives from The Hong Kong Federation of Insurers, the Hong Kong Cyberport and the MediConCen Restricted.
(From left : Mr. Jonathan Ko, Director, Company Technique of Hong Kong Life; Ms. Margaret Tsang, Chief Working Officer of Hong Kong Life; Mr. Eric Chan, Chief Public Mission Officer of the Hong Kong Cyberport; Mr. Raymond Chang, Common Supervisor of Hong Kong Life; Ms. Selina Lau, Chief Government of The Hong Kong Federation of Insurers; Mr. William Yeung, Co-founder & CEO of MediConCen Restricted; Ms. Micky Cho, Chief Advertising Officer of Hong Kong Life)
The innovation is made in collaboration with MediConCen Restricted, an InsurTech startup firm. Hong Kong Life acted because the venture sponsor whereas the venture is beneath the Fintech Proof-of-Idea Subsidy Scheme by the Monetary Providers and the Treasury Bureau.
With the adoption of “iAM Good” as an choice to login Hong Kong Life’s buyer account, clients can use their private cell phones’ biometric authentication and a single digital identification to login their accounts. For patrons who log of their accounts by way of “iAM Good”, their identities as verified by “iAM Good” allow Hong Kong Life to grant entry to clients on delicate info associated to their insurance policies and to make sure all directions are actually given by clients.
With the speedy technological improvement, the period of digitalization creates new alternatives for the insurance coverage trade and promotes sustainable improvement of the insurance coverage market. “iAM Good” enhances the service circulation with modern expertise which helps the trade to meet particular market wants. On the identical time, it encourages the general public to take pleasure in high quality digital service and drives the event of good metropolis.
Mr. Eric Chan, Chief Public Mission Officer of Cyberport, stated, “Cyberport is delighted to see our startup MediConCen participated in our ‘iAM Good’ Sandbox Programme collaborated with authorities to develop and check the APIs integration perform within the early levels. Their mature resolution is to reinforce buyer expertise and knowledge safety and now adopted by Hong Kong Life beneath our FinTech Proof-of-Idea Subsidy Scheme fee by authorities. This profitable case reveals that startups will attraction to giant enterprises extra simply in the event that they make good use of I&T assets supplied by authorities and Cyberport, thereby selling digital transformation of the trade.”
Ms. Margaret Tsang, Chief Working Officer of Hong Kong Life, stated, “Hong Kong Life has at all times valued buyer expertise and has been making good use of InsurTech to fulfill the evolving wants of consumers. We’re delighted to be the primary Hong Kong insurer to undertake ‘iAM Good’ for each identification authentication and account login. We’ll proceed to discover increasing the utilization of ‘iAM Good’ to help within the buyer onboarding course of and different innovation applied sciences that would additional improve the digital insurance coverage service and ship extra attentive buyer expertise.”
Hashtag: #HongKongLifeInsurance
About Hong Kong Life
Established in 2001, Hong Kong Life Insurance coverage Restricted (“Hong Kong Life”) was based by 5 native monetary establishments together with Asia Insurance coverage Firm Restricted, Chong Hing Financial institution Restricted, CMB Wing Lung Financial institution Restricted, OCBC Wing Dangle Financial institution Restricted and Shanghai Industrial Financial institution Restricted, which laid their foundations and have been serving folks in Hong Kong for greater than 50 years in common. By our intensive community of round 150 distribution factors comprising Chong Hing Financial institution, CMB Wing Lung Financial institution, OCBC Wing Dangle and Shanghai Industrial Financial institution, we offer a complete vary of insurance coverage companies.
