Hong Kong needs to nurture insurance talent to rival Singapore and Dubai, CEOs say

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Hong Kong needs to nurture insurance talent to rival Singapore and Dubai, CEOs say

^{Published on 2024-12-04 21:01:17 - Bill Williamson, WOPRAI}

Lawrence Lam, Hong Kong CEO at Prudential, says data analysts have become more important than ever in the industry.

The article from the South China Morning Post discusses the need for Hong Kong to cultivate its insurance talent to compete with global financial hubs like Singapore and Dubai. CEOs in the insurance sector have highlighted that while Hong Kong has a robust insurance market, it faces challenges in attracting and retaining skilled professionals due to competition from other financial centers. They suggest that Hong Kong should focus on educational initiatives, professional development, and creating an attractive work environment to nurture local talent. This includes enhancing the appeal of the insurance industry to young professionals through better career prospects, competitive remuneration, and a supportive regulatory framework. The CEOs also emphasized the importance of leveraging Hong Kong's strategic position as a gateway between China and the rest of the world to maintain its competitive edge in the insurance sector.

Read the Full scmp.com Article at:
[ https://www.scmp.com/business/banking-finance/article/3289387/hong-kong-needs-nurture-insurance-talent-rival-singapore-and-dubai-ceos-say ]

N@N

Hong Kong needs to nurture insurance talent to rival Singapore and Dubai, CEOs say