This article showcases our top picks for the best Hong Kong based InsurTech companies. These startups and companies are taking a variety of approaches to innovating the InsurTech industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
Top Hong Kong InsurTech Companies
Data sourced from Crunchbase and SemRush.
Episode Six
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The Episode Six account management and transaction processing system allows financial services, e-commerce companies, and a range of enterprises to digitize their payments systems in order to meet the demands of their customers. E6 technology allows companies to digitize their B2B and B2B2C payment solutions.
Whether wholesale or retail payments, all of E6 technology and transaction management is readily available via over 550 API.. .
CompareAsiaGroup
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CompareAsiaGroup is Asia’s leading personal finance management platform. The Group helps people across Asia save money and make better choices about personal finance with comprehensive, free and independent online comparison and management tools for insurance, credit cards, personal loans and other financial and insurance products.
CompareAsiaGroup partners with the leading financial institutions in Asia to compare over 2,500 products. Launched in 2014, the Group employs more than 250 people across Asia and has a presence in Hong Kong (MoneyHero.com.hk), Malaysia (CompareHero.my), the Philippines (MoneyMax.ph), Singapore (SingSaver.com.sg), Taiwan (Money101.com.tw) and Thailand (MoneyGuru.co.th).
For more information, visit www.compareasiagroup.com.. .
Coherent
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We are Coherent. We have a passion for making things work faster, smarter and simpler.
By making the world of insurance simple and clear, we enable our customers to be more competitive, productive and decisive. We ignite new, creative possibilities by delivering deep insights, technology and design for an industry that is seeking a clear path in a changing world.
Let’s create a brighter, more inclusive future for insurance together.. .
OneDegree
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OneDegree is a technology company that aims to be the next-generation insurance industry leader in Asia. It is the first digital insurer candidate in Hong Kong with a fully digitised insurance process end-to-end.
It also collaborates with global leaders in insurance and health sectors to deliver new technology and user experience.. .
Ignatica
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Technology Platform company for the Financial Services industry
JobsLab
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JobsLab is a Hong Kong-based digital recruitment exchange. We help companies and talent connect through our unique end-to-end recruitment platform quickly and discretely.
Our community has exclusive access to rewards and benefits that goes beyond traditional recruitment agencies. We use advanced Artificial Intelligence and Machine Learning to match professionals with exceptional employers.
Find your dream job today. Visit: www.jobslab.io.
YAS Digital Limited
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InsurTech, Automation, Ecosystem, Blockchain, Micro-Insurance YDL is the first Insurtech venture in Hong Kong to employ YAS – a brand-new micro-insurance marketplace that functions like an app store, empowering insurers with open APIs ready to plug and play in accordance with growing trends within the on-demand economy. Utilizing a customer-centric open marketplace that offers a diverse and affordable range of products tailored to the customer’s needs, YAS provides a digital customer experience beyond protection in every step of their daily lives.
With YAS’ smart technologies, the first of its kind offerings are actualized. The YAS GPS Automated Insurance will be made to provide seamless protection to customers when they are on the move.
For example: YAS will use location based technology to map out all hiking trails. If the customer decides to use the auto-on feature within the app, insurance coverage will automatically turn ON when the user is on the trail and turn OFF when the user leaves the trail.
This GPS enabled protection experience will also apply to golf courses, tennis courts, theme parks, public transportation and more. In addition, the introduction of 5G technology will put telehealth at the customer’s fingertips – instant access to a virtual assistant during emergencies or real-time video streaming to a doctor from their home country while traveling will all be achievable.
The deep machine learning technology of YAS creates a new tech-centric ecosystem for B2B and B2C customers, meeting customer preferences and uplifting customer loyalty. Through joint voting and dynamic pricing, YAS provides desirable cost-effective alternatives for customers over full-fledged insurance coverage.
In addition to its inherent novelty, YAS provides ease of mind to all users in data privacy protection. With YASS – the first insurance blockchain protocol developed by YDL’s YAS Lab, YAS is enabled with a highly secure network to store insurance smart contracts on the cloud with nodes running across 20 countries, protecting the data privacy of customers.
CoverGo
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CoverGo is an award-winning insurance technology company providing enterprise software solutions to insurers, banks and brokers in Asia and beyond. CoverGo is the first fully configurable, whitelabel, modular, no-code insurance platform for omni-channel distribution, policy admin and claims.
It is an end-to-end solution including dynamic pricing and underwriting engine, core admin system, insurance roboadvisor, analytics and whitelabel frontend for all lines of insurance. CoverGo’s platform is powered by hundreds of open insurance APIs to increase connectivity and automate all insurance processes.
We offer the most comprehensive set of insurance APIs in the market. Insurance companies can integrate with distribution partners, create a robust insurance ecosystem and distribute the right products at the right time.
We are the market leader in insurtech and fintech as recognized by a number of awards including: • HKICT Fintech Grand Award & HKICT Gold Award in Banking, Insurance and Capital Markets 2019 The official HK government fintech award. CoverGo was recognized as the best fintech solution in the market across all categories.
We are the only tech company that has ever won this Grand & Gold Award. • Grand Prize at the Financial Innovation Business Conference (FIBC) 2019 FIBC is the longest established FinTech Conference in Japan.
CoverGo was recognized as a fintech and insurtech market leader in the region. • International Finance Technology Award – The Most Innovative Insurance Technology Service Provider 2019 International Finance Awards recognize technology and industry leadership and capability on an international scale.
Heals Healthcare
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Redefining Patient-Provider-Payer Relationship with Data through Proprietary Tech Platform
LeapXpert
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A pioneer in the market, LeapXpert enables enterprises to embrace consumer messaging applications and integrate them to their business-critical applications and processes. Our easy-to-use but technologically sophisticated Federated Messaging Orchestration Platform (FMOP™) is an enterprise conversational solution between Employees and Clients.
It empowers companies to securely communicate from a central source while allowing customers to use the messaging app of their choice. FMOP elevates messaging to a formal business communication channel, similar to calling or emailing.
It allows companies to control communications between employees, suppliers, customers and other interested parties. It resolves the business, compliance and regulatory challenges the rise of messaging applications’ use in business channels has created.
It currently has three of the ten top global banks as customers, with tens of thousands of users.. .
Blue
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Blue is a digital life insurer that provides insurance solutions.
Galileo Platforms
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Galileo Platforms is a platform technology company serving the insurance sector. Using blockchain technology we connect all participants in the insurance industry efficiently and in realtime.
Their platform drives efficiency through the entire value chain by having a central source of encrypted client and contract data that the distributor, insurer and reinsurer all view with permissioned access.. .
GenLife
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GenLife is making the future of insurance intelligent, inclusive and dynamic. They are building a platform from applying machine learning to their insurance partners’ life and health insurance primary data sets to drive down transaction costs, increase automation and improve risk-pricing in underwriting, claims and fraud management.
The platform is being built to be hardware/device agnostic and integrate with future forward-looking data sources such as genomics, geo-location, social, and healthtech. Their insurance partners win when they remove friction, costs and inefficiencies from their operations and their customers’ experience.
People win when they transform their insurance from an annual cost to a personalized asset which proactively protects their life and health.. .
Coverdy
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Coverdy is an online platform that specializes in comparing insurance industries.
Alter Securities
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At Alter Securities™, we develop new financial instruments and innovative technology to improve market efficiency, expand investment opportunities set, and enhance investors’ risk-return profiles. Investors can buy, sell, store, and invest in common assets in unconventional way, and manage investments, all in one place.
We aim for open, global financial system that is efficient, accessible and accommodates all investors. Currently, our premier offering is Tranched Value Security – a patented financial instrument which allows investors to transform risk-return profile of their underlyings in previously unavailable ways..
EdirectInsure Group
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EdirectInsure Group operates online insurance platform.
CCW Global
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CCW Global is a bespoke insurance brokerage founded May 2012 in Hong Kong. The company, originally known as Cooper Claridge-Ware, was incorporated by its two founders due to their shared desire to provide ever more innovative and flexible insurance products to individuals, families, and businesses around the Asia Pacific Region.
As an independent brokerage, CCW draws on its employees many years of experience within both the Hong Kong and Global insurance markets to provide our customers with high quality coverage options. CCW Global is operated by CCW Global Limited, a member of the Professional Insurance Brokers Association (PIBA) – Membership number 0533..
OVAL
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Insurtech — automating insured events confirmation, settlement and payout
Peak Re
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Peak Re exists to protect and sustain growth and prosperity. From their home base in the Asia Pacific region, they work in markets around the world with the aim of forging the future stability of the global economy.
They understand that as the world economic system globalises and grows, complex new risks emerge and hence the need for new risk and capital management solutions. Peak Re works hand-in-hand with their clients to offer meaningful reinsurance solutions – solutions that address specific market challenges in support of long-term growth.
Founded on time-tested principles, and united by a collective attitude to embrace the rapid change and innovations of the modern era, they unlock the power of reinsurance.. .
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