YAS MicroInsurance prepares its advisory board to expand into the microinsurance market
HONG KONG, February 10, 2022 /PRNewswire/ — To enhance its service, technology, financial, strategic and operational strengths, YAS MicroInsurance has announced the appointment of seven members to its YAS Advisory Board, including experience in insurance, information technology, global investment, consulting and professional services companies will help ensure that the company continues to design and improve its technology to meet customer needs and adapt to market trends. market, and draw up development plans for the Asia Pacific Region.
Members of the Advisory Board are industry leaders in the insurance, IT, investment and professional sectors: Mr. Tong Hung, who served as Chief Financial Officer of Allied Esports Entertainment, Inc. ; Mr. Laurent Chu, Chairman of the BlackPine Group; Mr. Lennard Yong, Group CEO and General Manager of the Tricor Group; Mr. Baniel Cheung, serial entrepreneur and founder and chief strategist of Integral Consulting Asia Limited; Mr. Cillin O’Flynn, former CEO of Generali Life Hong Kong and GM Assicurazioni Generali SpA hong kong; Mr. Francois Ngai, former managing director of IBM China/Hong Kong Limited and vice president of the Hong Kong Computer Society in charge of industry relations; and M.. Benjamin Changformer Regional General Manager of Aon Asia, currently Adjunct Associate Professor of The Hang Seng University of Hong Kong as well as an executive director of Consolidated Marketing Group International Wealth Management Limited. Members will provide external and extensive industry-related advice to YAS MicroInsurance on improving technology and services. They will also help identify potential markets and advise the company on its future development plans.
Commenting on these appointments, the co-founder and CEO of YAS MicroInsurance, Mr. Andy Anne said: “Reshaping insurance for the next generation and making it fast, affordable, loving and flexible has always been paramount to us. For this reason, we felt it was important to launch our YAS Advisory Board, which will help our team passionate about delivering more comprehensive solutions to help our team further revolutionize the insurance industry, innovate at the cutting edge of InsurTech that brings us closer to our dream and grow our business in the Asia Pacific Region.”
“I am delighted to join the YAS Microinsurance Advisory Board and help build on the significant progress already made to date. As a pioneering microinsurance company, I believe YAS has an incredible global opportunity ahead of it. and is well positioned to succeed.” said Mr. Tony Hungexpressing his positive view of the YAS development.
Mr. Laurent Chu echoed his sentiments, sharing that “YAS will shape and change InsurTech for the next generation that values on-demand protection products with the flexibility and affordability made possible by blockchain. We look forward to supporting YAS in its expansion into SEA.
“At the beginning of 2020, I resumed my passion for outdoor cycling and since then I have covered more than 1,000 kilometers of hong kong road cycle paths and mountain trails. So when the opportunity to be part of YAS Advisory and support Andy presented itself, I SAY… YAS. It will change the way we protect our passion for the outdoors.” said Mr. Lennard Yongshowing his enthusiasm to join the advisory board.
Sir Baniel Cheung agreed with the potential of microinsurance, saying, “I have been a digital transformation consultant for many companies and have seen great scope for development in Hong Kong FinTech, especially the application in the insurance industry I am pleased to be able to work with Andy, who has an excellent and forward-looking view of customer needs and a whole new microinsurance market, to support YAS MicroInsurance’s business in hong kong and other APAC regions.”
Mr. Cillin O’Flynn agreed with them, stating that “Of the many InsurTech companies I have encountered over the past few years, YAS is by far the closest to understanding the fundamental issues of the IT industry. assurance and to genuinely care about customers with data and details.”
As an active player in the computer industry, Mr. Francois Ngai said, “Digital technology serves as a catalyst to solve real-life challenges. I see that YAS is exactly bringing us a better world from an insurance solution perspective by using advanced innovative technologies. It serves to n “anywhere, anytime, anyone and pay like you -go format for our need for insurance in our daily lives like hiking. It’s an honor for me to be able to contribute to this success.”
Mr. Benjamin Chang is excited about the potential of microinsurance in Asiahe commented, “Asia home to 4.7 billion people or 60% of the world’s population; fueled by the region’s rapidly developing economies, the potential for fast, affordable, flexible and loving microinsurance provision will be endless. hong kong which is reputed to be the super connector and insurance hub in Asia will be well positioned to take advantage of the immense opportunities in microinsurance.”
On Tony Hung
Mr. Tony Hung brings over 30 years of financial, strategic and operational expertise to YAS Microinsurance. Prior to joining the YAS Advisory Board, he served as Chief Financial Officer for Allied Esports Entertainment, Inc. (NASDAQ: AESE), a global esports entertainment company, which was responsible for all financial activities, with investors, accounting and taxation.
On Laurent Chu
Mr. Laurent Chu is the Chairman of BlackPine Group, a private investment firm focused on transformative industries that advance humanity. With over 15 years of international investment experience, Lawrence, through his firm, has provided capital and advice to companies such as VSFG, Kenetic, Lu.com, C2FO, WH Group and Oriente.
Lawrence is a member of the Hong Kong Private Equity and Venture Capital Association, as well as the Chinese General Chamber of Commerce and YPO.
On Lennard Yong
Mr. Lennard Yong is the Group CEO and Managing Director of the Tricor Group.
Prior to Tricor, his international experience spanned financial services in insurance, asset management and banking, having worked and lived in Australia, Asia and Europe for global financial services companies – ING Group, MetLife and FTLife.
Lennard is an active contributor to the hong kong financial services sector. He was an advisor between 2014 and 2018 to the Insurance Advisory Committee of the Hong Kong Government and former Chairman of the Federation of Hong Kong Insurers – Life Insurance Council. Between 2015 and 2021, he was also a member of the Board of Governors of AmCham (HK).
On Baniel Cheung
Mr. Baniel Cheung is a serial entrepreneur and is the founder and chief strategist of Integral Consulting Asia Limited. Baniel is also a partner and representative of the Hong Kong office of Ginza West, and founder and chairman of Skytree Investment Asia Limited.
Facilitating the development of entrepreneurship, Baniel is an advisor to Beyond Ventures. He is also a mentor of Hong Kong Science and Technology Park and founding chairman of Digital Transformation Alliance.
With more than 30 years of experience in the business world, Baniel has held various management positions in hong kong publicly listed technology companies including HongKong Telecom CSL, Wharf T&T, New World Telecom and New Digital System.
About Cillin O’Flynn
Mr. Cillin O’Flynn is a well-known figure in the cross-border life insurance industry and brings with him over 23 years of experience in insurance, investment, banking, advisory and information technology.
Before his hong kong O’Flynn had been head of innovation, strategy and business development for Trieste-based Generali for just over a year.
On Francois Ngai
Mr. Francois Ngai is the Vice President of the Hong Kong Computer Society in charge of industry relations. He also acts as a mentor for many startups in Hong Kong like Science Park and Cyberport.
Francois retired in October 2021 after 34 years of service in various roles in the Greater China region of the IBM Greater China group. He served as Managing Director of IBM China/Hong Kong Limited, overseeing IBM’s business operations and strategic development for hong kong. Francis was recognized as a transformation leader while at IBM. He led the company to help customers on the digital transformation journey.
On Benjamin Chang
Having served his Asia regional leadership role with Aon since 2003, a global leader in professional risk and insurance consulting which he has worked for 28 years since 1991 (including one of its predecessor companies – Alexander Lippo), Sir. Benjamin Chang left the company in 2019 and took on a teaching role at Hang Seng University of Hong Kong as well as specialized risk management topics for The Insurance Authority, hong kong.
About YAS MicroInsurance
YAS MicroInsurance (YAS Digital Limited, insurance agent license number: FA2648) is an Asia-Pacific InsurTech company headquartered in hong kong. By applying blockchain and InsurTech, YAS has created a number of on-demand insurance trends for hong kongincluding hiking insurance, bicycle insurance, transport insurance and the world’s first NFT insurance.
YAS is committed to reshaping insurance for the next generation through technology. As a pioneer of microinsurance in hong kongYAS has been selected as the 2021 Deloitte Hong Kong Rising Star.
SOURCE YAS Microinsurance