Cyberportࢀ™s Incubatees PortfoPlus and 10Life Aim to Simplify Insurance | Fintech Hong Kong

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Hong Kongࢀ™s insurance industry worth US$66 billion (HK$552 billion) in the past years has provided a fertile ground for the digitalisation push by innovative insurtech startups in the region. The current pandemic has created a positive shift to accelerate digital adoption by consumers which can be leveraged by startups looking to enhance customer-centricity in their products and services. This development has been spurred on by digital tech park Cyberport which houses over 30 insurtech companies seeking to accelerate the industryࢀ™s digital transformation. Among them are Cyberport incubatees PortfoPlus and 10Life, who are on a mission to remove the complexities from…