INTRODUCTION

Since 2019, HSBC Life has organised the HSBC Life Insurance Innovation Competition to encourage young talents to develop innovative ideas for insurance industry. In 2023 competition, we received 53 proposals involving over 200 students from seven universities in Hong Kong, with the winners getting the opportunity to join HSBC Life as student trainees.

The fifth HSBC Life Insurance Innovation Competition "Shaping the Future of Life and Health Insurance" is now open for students from any university in Hong Kong to submit their innovative ideas that will help HSBC Life enhance product and proposition innovation, improve the product & process development cycle, attaining higher sustainability and ultimately increase customer satisfaction.

WHY YOU SHOULD TAKE PART

• A six-month career and mentoring opportunity at HSBC Life for qualified winners;
• A total of HKD 160,000 in cash prizes;
• Winning ideas will have the opportunity to be developed and implemented by HSBC Life;
• HSBC Life’s senior leaders will share the macro view of the life insurance industry and product & proposition landscape;
• Access to emerging trends in insurance product proposition and knowledge of customer-centricity, ESG & sustainability and innovation.

PRIZES

HSBC Life Insurance Innovation Competition 2024

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 July and December 2024 or January and June 2025. 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 in January 2024.

(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 - 5 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 with your team name in the email subject.

JUDGING CRITERIA

The judging criteria consist of 5 categories: innovation, customer-centricity, ESG & sustainability, commercialisation potential, and demo & presentation.

SUPPORTING ORGANISATIONS

City University of Hong Kong 

Hong Kong Baptist University

Lingnan University

The Hong Kong University of Science and Technology

The University of Hong Kong