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 2024 competition, we received near 50 proposals involving around 200 students from universities in Hong Kong, with the winners getting the opportunity to join HSBC Life as student trainees and their ideas to potentially be developed and implemented.

The sixth HSBC Life Insurance Innovation Competition, themed “Unleashing the Future of Insurance”, is now open for students from any university in Hong Kong to submit their ideas that will enhance product and proposition innovation to meet today’s and tomorrow’s customer needs, advance digitalisation and technology application in insurance, drive sustainability, and ultimately elevate overall customer experience and satisfaction.

WHY YOU SHOULD TAKE PART

• A six-month career and mentoring opportunity at HSBC Life for qualified winners;
• A total of around HKD 130,000 in cash prizes;
• Winning ideas will have the opportunity to be developed and implemented by HSBC Life;
• 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 2026. 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; and
• 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, 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)