The Hong Kong Insurance Authority (IA) issued a statement supporting a package of measures announced by the Working Group on Promoting Silver Economy, positioning the initiative as a response to demographic ageing and associated demand for social support and medical services. As part of this work, the IA is exploring with insurers that have relevant experience and capability whether they can introduce affordable products that would allow Hong Kong residents to access quality elderly care facilities located in Mainland cities of the Greater Bay Area. The IA also highlighted the importance of encouraging citizens to prepare and implement retirement plans early.
Hong Kong Insurance Authority 2025-05-27
Hong Kong Insurance Authority backs silver economy measures and explores affordable Greater Bay Area eldercare insurance products
The Hong Kong Insurance Authority endorsed measures by the Working Group on Promoting Silver Economy to address demographic ageing and demand for social support and medical services. The IA is collaborating with insurers to potentially offer affordable products for Hong Kong residents to access elderly care in Mainland cities of the Greater Bay Area. It also emphasized the need for early retirement planning.