Hong Kong Insurtech start-up avotech secures Fintech Proof-of-Concept Subsidy Scheme 2022 funding grant

Hong Kong, Hong Kong SAR, March 5, 2023 (Issuewire.com) – Avotech, a Hong Kong tech startup transforming insurance, today announced that it has secured funding from the Financial Services and Treasury Department (FSTB) Fintech Proof of Concept Grant Scheme 2022. Fintech companies conduct proof-of-concept projects for innovative financial services products.

Founded in November 2021, avotech has strong insurance domain expertise and is 100% dedicated to assisting partners throughout the product lifecycle, from conception to production to integration. We deliver great customer experiences, cyber resilience, and regulatory compliance. With a core staff of experienced professionals and an extensive team of partners, consultants and advisors, avotech offers a better balance of technology, solutions and quality services than many of its competitors.

This funding will allow avotech to support the development of its cybersecurity product portfolio and products, in particular the avotech Cybersecurity Services & Insurance Platform (avotech CSI). This four-month PoC project of his has been developed in collaboration with Asia Insurance, a leading composite insurance company in Hong Kong, to address and solve cybersecurity pain points for both SMEs and insurers. It is intended to

“We want to build a platform that will help all SME owners in Hong Kong, the Greater Bay Area and Asia reduce their business and operational risks from cyberattacks. If so, we will help them provide digital cybersecurity capabilities and cyber risk insurance products,” said Gillan Lam, CTO of avotech. The avotech CSI platform empowers users to achieve and maintain a healthy level of cybersecurity resilience as well as one-stop-shop management of cyber insurance.


About Avotech

Founded in 2021, avotech is a Hong Kong Insurtech startup backed by Avo Insurance, AI Ventures, Kris Consultancy and Reinfo.

avotech is a trusted partner to insurers, managing agents, distributors and brands, providing partners with the building blocks, tools, connections and integrations to the broader insurance ecosystem to scale faster, It enables efficient and accurate delivery. Underwriting, accounting and a seamless customer experience.

For more information, please visit our website (https://www.avotech.com).

media inquiries
Chris Collins

About Asia Insurance

Asia Insurance is one of Hong Kong and Macau’s leading integrated insurance companies. They pride themselves on their wide range of insurance products, prioritizing coverage and care to provide customized and flexible solutions. Their goal is to enable clients to protect what is important to them.

With a focus on making the insurance journey simpler, faster and smoother, powered by innovative digital technologies, Asia Insurance offers a range of insurance products through diverse distribution channels that deliver superior coverage and care. We focus on designing, developing and selling a broad portfolio.

Asia Insurance is a wholly owned subsidiary of Asia Financial Holdings Ltd. (HK Stock Code: 662) and has been in Hong Kong since 1959.

For more information on Asia Insurance, please visit https://www.asiainsurance.hk.

media inquiries
Susan Thor

media contact

Chris Collins


Tag : cyber security , Hong Kong , proof of concept funding , Insurtech , Fintech , cyber insurance , cyber training , fishing simulation , Small and medium-sized enterprises

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