Edward Yau: Hong Kong will develop low-altitude economic insurance products.

The Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, delivered a new policy address at the Legislative Council of the Hong Kong Special Administrative Region today. Lam stated that the insurance industry in Hong Kong has established a dedicated task force and will refer to the data from the government's "regulatory sandbox" to develop low-altitude economic insurance products for different applications. The Insurance Authority of Hong Kong will strengthen communication with the industry to address relevant needs.