The Hong Kong Insurance Authority (IA) held the 8th Asian Insurance Forum 2025, attracting a record 4,000 participants in person and online to discuss issues shaping the future of insurance under the theme “Navigating Uncertainties and Embracing Innovation”. In opening remarks, IA Chairman Stephen Yiu framed the regulatory challenge as supporting sector development amid uncertainties including climate change, demographic shifts, economic volatility, geopolitical tensions and trade disputes. In a keynote address, Xiao Yuanqi, Vice Minister of the National Financial Regulatory Administration, highlighted global sector challenges including interest rate risk management, climate change, artificial intelligence adoption, regulatory issues arising from closer links between insurers and other non-bank financial assets, and the sustainability of insurers’ business models, while emphasising enhanced Mainland-Hong Kong collaboration. A second keynote by International Association of Insurance Supervisors Deputy Secretary General Romain Paserot focused on standard setting and cross-border regulatory cooperation, including implementation of the Insurance Capital Standard, structural shifts in life insurance and efforts to close protection gaps; panel sessions also covered supervisory challenges, demographic impacts on health and elderly care, and AI innovation.

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