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AR Charitable Foundation and Lingnan University co-organise “The Future Development of Insurance Industry in Hong Kong” Conference Officials and Industry Leaders Explore Development Opportunities

10 Sep 2018

Paul CHAN Mo-Po
The Hon Paul CHAN Mo-Po, the Financial Secretary of the Government of the HKSAR gives a speech at the conference
The Future Development of Insurance Industry in Hong Kong
AR Charitable Foundation and Lingnan University co-organise “The Future Development of Insurance Industry in Hong Kong” Conference
The Future Development of Insurance Industry in Hong Kong
Guests take group photo at the conference.

AR Charitable Foundation and Lingnan University co-organise “The Future Development of Insurance Industry in Hong Kong” Conference with the Honourable Paul CHAN Mo-Po, GBM, GBS, MH, JP, the Financial Secretary of the Government of the HKSAR as the officiating guest and the keynote speaker. With more than 600 participants from insurance and education industries, the conference is one of the major celebratory events of the 50th Anniversary of Lingnan University’s re-establishment in Hong Kong, aiming to explore the challenges and opportunities facing by the Hong Kong insurance industry.

 

The Conference aimed at providing a platform for government bodies, regulators, industry professionals and scholars to discuss and share ideas on the regulatory, professional practice and training issues related to the insurance industry, as well as providing an opportunity for industry members to express their views on the industry's development and how government and relevant authorities respond to these opportunities and challenges in terms of policy and administrative support. It is hoped that the Conference would promote collaboration between different industry players and stakeholders for the future development of Hong Kong's insurance industry.

 

In his welcome remarks, Mr Mason Wu Shang-tun, Director of AR Charitable Foundation reflected that the Foundation has been actively involved in the insurance industry for numerous years and seek to give back to the community by supporting talent development for the growth and sustainability of the insurance industry. “We have launched the ‘AR Charitable Foundation Scholarship Scheme’ to support the undergraduate programme in Risk and Insurance Management (RIM) of Lingnan University as we believe education is the most important investment for nurturing our future generation,” he added.

 

Prof Leonard K Cheng, President of the Lingnan University said at his welcome remarks that Lingnan University is committed to grooming insurance talents through the RIM programme to meet the demand of the insurance industry. Supporting by AR Charitable Foundation, the programme offers students a myriad of learning, exchange and internship opportunities, as well as supports distinguisghed students to obtain a master degree in insurance at City University London. “In June, Lingnan University was awarded by the International Insurance Society the Global Centers of Insurance Excellence designation, or GCIE in short, alongside with other eight renowned universities in the US, Switzerland, Spain and South Korea. The GCIE certification programme recognises outstanding risk management and insurance programmes that play an integral role in promoting insurance knowledge and research, and Lingnan is credited for offering one of the best insurance education programmes across the globe. To be exact, with this prestigious designation, our programme is among the world’s top 29 programmes,” he added.

 

The panel discussions entitled “Future development of the insurance industry and talent supply” were moderated by The Hon Bernard Charnwut Chan, Convenor of the Non-official members of the Executive Council of HKSAR. The first session featured industry leaders and academics, such as Mr Harry K T Wong, Director and General Manager of Hong Leong Insurance (Asia) Limited, Mr Derek Yung, Chief Executive Officer of Prudential Hong Kong Limited, Mr Paul Young, Chief Executive Officer of Aon Hong Kong Limited; Mr Neil Shen, Founding and Managing Partner of Sequoia China and Prof Jiang Cheng, Associate Professor of the Department of Finance and Insurance of Lingnan University, while the second session brought together officials from the government and regulatory and statutory bodies, including The Hon James Henry Lau, Secretary for Financial Services and the Treasury; Mr Clement Cheung, Chief Executive Officer of Insurance Authority, Mr Laurence Li Lu-jen, Chairman of Financial Services Development Council and Mr Carlson Tong, Chairman of University Grants Committee.

 

Success of the conference was made possible by the generous support of many sponsors.  They include Lead Sponsor Sompo Insurance (Hong Kong) Co Ltd, Diamond Sponsor FTLife Insurance Company Limited, Gold Sponsor Shanghai Commercial Bank and Silver Sponsors Prudential Hong Kong Limited, Mr K H Wong, Mr S P Tse and Mr Chan Man Hon.