The Hong Kong Insurance Authority (IA) has authorized SAIC Motor Insurance Limited, a captive established by SAIC Motor Corporation Limited. The IA described this as the second captive authorization granted in 2025, pointing to growing market uptake of Hong Kong as a captive domicile. The IA said its strategy targets the evolving risk management needs of Mainland state-owned and private enterprises and local multinational conglomerates. It is also assessing the feasibility of accommodating additional captive structures and widening the scope of risk coverage.
Hong Kong Insurance Authority 2025-08-11
Hong Kong Insurance Authority grants 2025’s second captive authorization to SAIC Motor Insurance Limited
The Hong Kong Insurance Authority (IA) has authorized SAIC Motor Insurance Limited, marking the second captive authorization in 2025. This reflects increasing market interest in Hong Kong as a captive domicile. The IA aims to address the risk management needs of Mainland state-owned and private enterprises and is exploring expanding captive structures and risk coverage.