Record turnout at Asian Insurance Forum 2023 marks promising shift in industry dynamics
- This year's AIF saw impressive participation, with more than 1,700 attendees joining both online and in-person
- The bamboo-themed event embodies resilience, purity, modesty, restraint and integrity, reflecting the shared values of strength and reliability between bamboo and the insurance sector
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The Asian Insurance Forum 2023, which took place on December 8 at the Hong Kong Convention and Exhibition Centre, witnessed a remarkable surge in attendance, surpassing the numbers seen ever since the inaugural edition in 2018.
With over 1,700 participants, both online and in-person, this year's forum boasted an impressive number and proved to be a resounding success in terms of engagement and participation of Asia's insurance industry.
The event also drew regulatory counterparts from Europe, America and Asia, including esteemed members of the Macroprudential Monitoring Working Group of the International Association of Insurance Supervisors (IAIS).
In his opening remarks, Mr Stephen Yiu, Chairman of the Insurance Authority (IA), drew upon the symbolism of bamboo, a plant known for its resilience and strength in Chinese culture, to describe the insurance sector. "The insurance industry shares many attributes of the bamboo like flexibility, resilience, strength, versatility and vitality, rendering it a reliable modulator that smooths out the undulations of an economic cycle and a powerful buffer that shields societies off the harm of natural or man-made perils,” he said. He also recounted the experience and lessons learnt from the pandemic and highlighted the need for joint efforts when navigating through the headwinds.
