Zurich Insurance (Hong Kong), part of Zurich Insurance Group, has collaborated with YAS Insurance, a data and AI risk technology company, to promote the use of AI and robotics in Hong Kong through an embedded insurance solution.
Under the partnership, Zurich will develop bespoke micro-insurance products for robots and embed coverage into YAS’s robotics sales and service offerings.
The initiative aims to accelerate the adoption of robotics across industries, strengthen risk management for robotics applications, and provide enhanced protection for corporate clients and end users.
Corporate customers adopting YAS’s robotics solutions will receive scenario-based insurance coverage from Zurich, helping businesses introduce robots more smoothly while balancing efficiency gains with potential risks.
The cover includes protection for repair costs arising from insured incidents involving robots, as well as compensation for deductibles under related policies, helping companies manage repair and operational risks more effectively.
Each robotics application scenario comes with its own potential damage and liability risks that require professional risk management solutions before companies can deploy such technologies with confidence. For example, robots on construction sites often operate in complex environments and around heavy machinery, while robots in retail settings need to move through crowds and interact with customers. This collaboration aims to strengthen financial protection for both repair costs and third-party liability, enhancing operational resilience.
William Lee, Co-Founder of YAS, said, “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.”
Eric Hui, Chief Executive Officer of Zurich Insurance (Greater China), said, “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.”
