YAS × HSBC Life — Embedded Insurance Model

🌍

Travel Insurance

Bite-size. Modular. On-demand.
1 day to 2 weeks. Add family members.

Avg premium$30 USD/policy

YAS fee15% = $4.50

Dec 2026 run rate149K policies/mo

⚡ Trigger: Flight booking · International payment via Airwallex · Hotel checkout

💎

Luxury Goods Insurance

Watches. Handbags. Jewellery.
30–90 day or annual coverage.

Avg premium$250 USD/policy

YAS fee15% = $37.50

Dec 2026 run rate3,500 policies/mo

⚡ Trigger: Luxury purchase via AlipayHK · WeChat Pay · Cross-border shopping GBA

🎨

Art Insurance

HNW segment. Galleries. Auctions.
Gateway to HSBC Life wealth products.

Avg premium$2,000 USD/policy

YAS fee15% = $300

Dec 2026 run rate350 policies/mo

⚡ Trigger: Art fair attendance · Gallery purchase · Auction platform · Private banking referral

🎯 Path to HSBC Life's $50M Premium Target

2026 (Mar–Dec)

$29M

58% of $50M target in year 1

2027 (Full Year Projection)

$141M

$50M target hit by Q2 2027

2-Year Cumulative

$170M

3.4× HSBC Life's $50M goal ✅

$0 $29M end 2026 (58%) $50M → Q2 2027 ✅ $170M 2-yr total

The answer to Kimberly's question: Travel embedded in AlipayHK + Airwallex at 10% activation = 1.5M+ policies/year at $30 avg = $45M/year. Add Luxury + Art and you cross $50M in premiums within 15–18 months of launch.

2026 YAS Revenue

$4.3M

Travel $3.3M · Luxury $0.6M · Art $0.5M

2027 YAS Revenue

$21.2M

At continued ramp trajectory

2-Year YAS Revenue

$25.5M

This partnership alone = transformative for YAS

📅 2026 (Mar–Dec · 10 months)

🌍 Travel premiums$21,870,000

💎 Luxury premiums$3,950,000

🎨 Art premiums$3,160,000

Total Gross Premiums$28,980,000

YAS Revenue (15%)$4,347,000

Dec monthly run rate$6,045,000/mo

Dec annualised ARR$72,540,000

📅 2027 (Full Year Projection)

🌍 Travel (capped 350K/mo)~$105,000,000

💎 Luxury~$22,800,000

🎨 Art~$13,200,000

Total Gross Premiums~$141,000,000

YAS Revenue (15%)~$21,200,000

$50M milestone hitQ2 2027 ✅

2-year cumulative total$170,000,000

YAS Role

Distribution platform · Embedded triggers · UX/onboarding · Contextual marketing · Data signals

HSBC Life Role

Underwriting · Claims management · Regulatory compliance · Product design · Higher-ticket upsell

Exclusivity

HSBC Life exclusive in Travel + Luxury + Art categories · 2-year term · Renewable · Other insurers retain mobility/EV lines

Revenue Model

YAS: 15% distribution fee per policy activated · HSBC Life: 85% premium retained + claims + upsell economics

The One-Line Pitch to HSBC Ventures

"YAS doesn't just sell insurance — we activate it at the moment of need.
HSBC Life gets the affluent customer. YAS owns the trigger."

🤝 YAS × HSBC Life — Embedded Insurance Model

🎯 Path to HSBC Life's $50M Premium Target