Zurich and YAS launch embedded insurance for robots in Hong Kong
YAS announced a collaboration with Zurich to promote the use of AI and robotics in Hong Kong through an embedded insurance solution.
Under the partnership, Zurich will provide micro-insurance that is embedded into YAS’s robotics sales and service offerings. Corporate customers who adopt YAS’s robotics solutions will receive scenario‑based insurance coverage from Zurich. The partnership follows an earlier collaboration between Zurich and YAS on insurance for electric taxi fleets.
“Many enterprises are already using robots from our partner Axonex in a wide range of settings, including manufacturing and logistics, shopping malls and office buildings, construction sites, restaurants and clubhouses. By adding innovative embedded micro-insurance, we can further strengthen their confidence in applying robotics technology. Following our earlier collaboration with Zurich on protection for electric taxi fleets, we are delighted to work together again in the area of robotics insurance. Looking ahead, we plan to deepen our ‘lab’ collaboration with Zurich in fields such as autonomous driving, electric vehicle ecosystem, drones and green finance, so we can help businesses in Hong Kong seize the opportunities brought by innovative technologies.” – William Lee, co-founder of YAS.
“Zurich has always kept pace with market developments and is committed to creating a future where people and technology work hand in hand. We are already an industry leader in areas such as online sales, digital claims and self-service. As AI and technology advance at unprecedented speed, the risks faced by businesses are becoming more diverse. Through our ‘lab’ approach, Zurich collaborates with tech firms and stakeholders across different sectors, combining forward-looking insights with our risk management expertise and data analytics. This has led to the launch of the ‘Zurich Smart Vision Series’ of micro-insurance products tailored to different innovation use cases, providing customers with comprehensive and robust risk and financial protection so they can navigate operational challenges with confidence. Zurich has long championed the wider application of InsurTech, which closely aligns with YAS’s vision. With this partnership, we hope to bring together our respective strengths, using insurance to support technological development and to further enable digital transformation and smart operations for businesses in Hong Kong.” – Eric Hui, CEO of Zurich Insurance (Greater China).
