Rising to the Challenge amidst Global Volatility

Record turnout at Asian Insurance Forum 2024 to navigate global trends and challenges

With 2,400 participants, global regulators and industry leaders convened in Hong Kong to address emerging trends and challenges facing the insurance industry amidst global uncertainty

Paid Post:Insurance Authority

Reading Time:5 minutes

Why you can trust SCMP

Officiating guests at the AIF 2024 opening ceremony (from right): Mr Clement Cheung, Chief Executive Officer of the IA; Ms Luo Yanjun, Director General of the Personal Insurance Supervision Department of the National Financial Regulatory Administration; Mr Stephen Yiu, Chairman of the IA; Mr John Lee, Chief Executive of the HKSAR; Mr Qi Bin, Deputy Director of the Liaison Office of the Central People's Government in the HKSAR; Dr Moses Cheng, Founding Chairman of the IA; and Professor Anna Wong, Non-Executive Director of the IA.

Advertising partner

Published: 4:37pm, 23 Dec 2024

[The content of this article has been produced by our advertising partner.]

The Asian Insurance Forum (AIF) 2024, held on 10 December at the Hong Kong Convention and Exhibition Centre, drew a record 2,400 participants in person and online.

Under the theme "Rising to the Challenge Amidst Global Volatility," the AIF, hosted by the Insurance Authority (IA), provided a key platform for global regulators, insurance leaders and policymakers to exchange insights on the pressing challenges and transformative opportunities.

Resilience in a volatile world

Stephen Yiu, Chairman of the IA, welcomed the global audience to the seventh edition of the event, which adopted a half-day format. He appreciated the greater cross-sector synergies resulting from a meticulous curation of discussion topics and panel speakers.

"Today’s theme highlights the role of insurance in supporting people and businesses in striving for sustained progress by effectively mitigating uncertainties. The visual design of a jade ring that symbolises harmony, protection and eternity in the oriental culture reinforces this theme,” he said.

Stephen Yiu, Chairman of the Insurance Authority, opens the forum, calling on the insurance sector to rise to global challenges with resilience and innovation.

In his opening address, John Lee, Chief Executive of the HKSAR, reiterated the city’s key advantages under the “One Country, Two Systems” principle. “As one of the world's top three global financial centres and a hub for asset and risk management, Hong Kong plays a pivotal role in leading the development of insurance across the region and beyond,” he said.