INTRODUCTION

Since 2019, HSBC Life has organised the HSBC Life Insurance Innovation Competition to encourage young talents to develop innovative ideas for the insurance industry. In 2025 competition, we received near 50 proposals involving around 200 students from universities in Hong Kong, with the winners getting the opportunity to join the HSBC Hong Kong Student Work Placement and their ideas to potentially be developed and implemented.

The seventh HSBC Life Insurance Innovation Competition, themed “Insurance Reimagined: Forging a New Era of Protection,” is now open to all university students in Hong Kong! We invite you to submit innovative ideas that will help HSBC Life drive product and proposition design, accelerate digitalisation and technology adoption, champion sustainability, and ultimately transform the customer experience for today and tomorrow.

WHY YOU SHOULD TAKE PART

• A six-month career opportunity at HSBC Life for qualified winners;
• A total of around HKD 100,000 in cash prizes;
• Winning ideas will have opportunities to become one of HSBC Life’s insurance features;
• HSBC Life’s senior leaders will share their insights on macro view of the life insurance industry, product & proposition landscape;
• Access to emerging trends in insurtech, customer-centricity, ESG & sustainability, health & wellness integration, and more; and
• Mentoring and coaching session with HSBC Life employees.

PRIZES

Important notes about the HSBC Hong Kong Student Work Placement:

1. The HSBC Hong Kong Student Work Placement is for students looking for work experience with a leading global bank. It provides opportunities to gain some hands-on experience on a six-month placement. To be considered for the programme, you will need to be available to work full-time between January and June 2027. Although we do accept applications from all graduation years, you’ll ideally be a second or penultimate-year university student at the time of the programme, and have the legal right to work in Hong Kong. For more details about the programme, please click here.
2. Winning teams will all receive an opportunity to be fast tracked to the final round interview for the HSBC Hong Kong Student Work Placement providing eligibility requirements are met. To take advantage of this opportunity, all candidates must apply online and by the stipulated deadline, early applications are advised as interviews and placements are made on a rolling basis. To check the application process, please visit https://www.hsbc.com/careers/where-we-hire/hong-kong for updated timelines and process.

(Note: All prize values are calculated per winning team)

ELIGIBILITY

• A current full-time, non-final year undergraduate student registered at a UGC-funded university;
• 3 - 4 students per team, each student can only be registered to one team;
• Teams can be formed with students from different universities and disciplines.

COMPETITION DETAILS

Each team is required to submit the application form and proposal via email to hsbclife.innovation@hsbc.com.hk.

JUDGING CRITERIA

The judging criteria consist of 5 categories: innovation and use of technology, commercialisation potential, customer centricity, ESG & Sustainability, and booth presentation.

SUPPORTING UNIVERSITIES

City University of Hong Kong

Lingnan University

The Hong Kong University of Science and Technology

The University of Hong Kong

(in alphabetical order)