Hong Kong is leading the charge in fintech innovation, as insurers are embracing blockchain technology and leveraging its potential alongside artificial intelligence (AI) to transform their operations. This move coincides with AXA’s return of its registered office to Hong Kong, signaling a significant shift in how insurance companies operate. The city is positioning itself as a hub for digital finance, driving progress within the insurance sector. Secretary Xu Zhengyu, highlighting this advancement, announced plans for AI and big data integration to propel industry growth, while also emphasizing the use of blockchain technology. This strategic step comes after AXA’s relocation of its registered office back to Hong Kong, a testament to the city’s growing digital finance ecosystem. The city is set to become a key player in the global adoption of blockchain in insurance, paving the way for new solutions and opportunities.