PACE Solutions

Life Intelligent

Core Administration Growth Bootstrapped

Overview

PACE Solutions is a policy administration and AI automation platform for life insurance carriers in the APAC region. The company provides technology for legacy data integration, process automation, and policy administration modernization, and also operates a Hong Kong-licensed insurance company that accepts in-force life policy book transfers from other carriers.

The portfolio comprises two offerings. iPace AI is a modular, AI-based management system that ingests and normalizes data from legacy policy systems, automates operational workflows, and provides analytics for financial performance. MyPace Life is a Hong Kong Insurance Authority-authorized life insurer that receives life business transfers under Section 24 of the Hong Kong Insurance Ordinance, enabling carriers to cede administration of in-force books and redeploy capital.

MyPace Life Limited was incorporated in May 2024 and received its Certificate of Authorization from the Hong Kong Insurance Authority in February 2026. The company reports administering approximately 200,000 policies representing USD 600 million in life insurance assets. Asia Insurance, a Hong Kong general insurer established in 1959, holds a strategic equity stake alongside PACE.

Products & Services

iPace AI

An AI-native policy management and operations system for life insurers with legacy portfolios. Built on a modular architecture, the platform ingests and normalizes data from legacy systems, orchestrates automated workflows across operational processes, and generates analytics for portfolio and financial performance management.

Key Features

Legacy data ingestion and normalization across policy administration systems
Operational process automation and workflow management
Policy administration modernization
Financial analytics and portfolio performance reporting

Target Users: Life insurance carriers undertaking legacy system transformation

MyPace Life

A Hong Kong Insurance Authority-licensed life insurance company that accepts in-force policy book transfers from other life carriers pursuant to Section 24 of the Hong Kong Insurance Ordinance. Provides a route for carriers to transfer operational risk, simplify their in-force book, and redeploy capital while maintaining policyholder continuity.

Key Features

In-force life policy book acquisition and ongoing administration
Operational risk transfer for life carriers
Capital redeployment support for ceding carriers
Policyholder servicing for transferred policy books
Compliance and administration under Hong Kong Insurance Authority oversight

Target Users: Life insurance carriers in APAC with in-force book transfer requirements

At a Glance

Founded: 2024
Headquarters: Hong Kong
Funding: Bootstrapped

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Legacy Modernization Process Automation
Insurance Verticals: Life & Annuity
Target Customers: Carriers