Year 2023 - Continuing the Legacy 30 Years of Expertise Moving Forward 薪火傳承三十載專業邁向新里程

34 2022 年刊與 2023 展望 YEARBOOK 2022 & PROSPECT 2023 前會長的話 IMMEDIATE PAST PRESIDENT'S MESSAGE Being an insurance professional, I am sincerely value the opportunity to become the Immediate Past President of Hong Kong Chamber of Insurance Intermediaries and proud of this position. I would like to thank you for the great contribution from the current HKCII Executive Committee and other Senior Members in HKCII.   The outbreak of coronavirus disease caused severe disruptions to a wide range of economic activities and dampened economic sentiment that gave me a strong vision to revive economy with start from our Industry. In fact, both Life and Non-Life Insurance sectors face serious challenges in 2023 as the economy is still recovering. The Insurance Authority (IA) released provisional statistics of the Hong Kong insurance industry for the first quarter of 2023, showing a decrease of total gross premiums by 7% to $147.2 billion over the corresponding period in 2022. Given the challenges of the current economy, InsurTech is one of the solutions to improve our operation cost, enhance customer satisfaction experience and support insurance intermediaries to provide professional services.  InsurTech will definitely become a motivation of our professionalism. Technology base underwriting, distribution and claims management are the necessary support for a professional Insurance Intermediary. B2B2C electronic insurance platform for insurance company, insurance intermediary and customer should be encouraged for improving overall efficiency and profitability especially for the personal line insurance business. In order to ensure our industry growth and support our members, HKCII will continue to take pro-active attitude to communicate with the Regulator and our Industry Representative in Legislative Council for establishing necessary industry growth strategies to improve our business opportunities with focus on insurance intermediary long term survival and professional development.   Challenges will never stop but we can turn challenges to opportunities. Given our industry is important to the high level risk management of the society, I do believe that insurance intermediary will have a very positive and better future with highly respect in Hong Kong and the world. Lastly, I wish all industry practitioners best of luck in reaching the top of your business and good health for you and your family members. Let's work together to revive economy and fight for the future. 李俊明 前會長 2020 & 2021 Dr. Tony Lee Immediate Past President 2020 & 2021