The Monetary Authority of Macao (AMCM) and Portugal’s Insurance and Pension Funds Supervisory Authority (ASF) have launched an advanced training and study-visit programme for the Association of Lusophone Insurance Supervisors (ASEL), bringing 19 insurance supervisors from Angola, Brazil, Cape Verde, Mozambique, Portugal, Timor-Leste and Macao to Macao. The opening seminar focused on insurance sector development and supervision in the context of financial technology, artificial intelligence and digital transformation. Senior officials from AMCM, China’s National Financial Regulatory Administration (NFRA) and ASF participated alongside representatives from Macao’s banking and insurance sectors. In opening remarks, AMCM referenced the direct linkage established between Macao’s and Hong Kong’s bond markets at the beginning of 2025 and noted that the Macao SAR government has begun studying a risk-based capital framework to align local insurance standards with international norms and strengthen solvency supervision. NFRA highlighted the need for insurers and supervisors to address interest rate risk, concentration risk and climate-related challenges, while ASF emphasised updating regulatory frameworks to balance digital innovation with financial stability and consumer protection. The programme runs for around two weeks and includes sessions on digital transformation, fintech supervision, data governance, insurance supervision and cybersecurity, delivered by NFRA, ASF and AMCM speakers and industry specialists. It also features exchanges with Macao’s insurance sector, visits in Macao, and study trips to Hengqin, Dongguan and Shenzhen, with AMCM positioning the programme as part of its role as ASEL’s rotating chair in supporting cross-border supervisory cooperation.

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