Hong Kong insurers such as Prudential and Manulife are deepening their technological cooperation, launching AI underwriters to cope with China's tightening cross-border tax regulations.
Hong Kong-based Prudential, Manulife, and other insurance companies are deepening their collaboration with technology firms to launch cross-industry alliances in areas such as AI underwriting and healthcare. This move aims to address challenges posed by China's tightening cross-border tax regulations. Prudential, for instance, has announced a partnership with Alibaba Cloud to introduce an AI underwriter, designed to assist financial advisors in making preliminary decisions based on client information such as financial status, medical history, and occupation.
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