The Hong Kong Insurance Authority (IA) issued a statement welcoming initiatives in the Chief Executive’s 2025 Policy Address and set out priority areas for strengthening Hong Kong’s insurance sector, including new market-development initiatives and prudential framework work. The IA highlighted efforts to improve Hong Kong’s competitiveness in captive and reinsurance business and pointed to the proposed establishment of a dedicated marine risk pool, intended to open up new opportunities and bolster resilience against contingencies. It is also exploring with the industry ways to facilitate local residents’ access to medical treatment or elderly care in the Mainland and to support self-drive tours in the Greater Bay Area, alongside work to support the low-altitude economy. Separately, the IA has started a review of the design parameters and risk calibration of the Risk-based Capital Regime, with the stated aim of attracting more offshore reinsurance business and incentivising insurers to participate in infrastructure financing.
Hong Kong Insurance Authority 2025-09-17
Hong Kong Insurance Authority welcomes 2025 Policy Address initiatives and launches review of Risk-based Capital Regime calibration
The Hong Kong Insurance Authority (IA) aims to enhance the insurance sector by focusing on market development and prudential frameworks. Key initiatives include boosting competitiveness in captive and reinsurance business, establishing a marine risk pool, and reviewing the Risk-based Capital Regime to attract offshore reinsurance and support infrastructure financing. The IA is also exploring ways to facilitate medical treatment access in the Mainland and support self-drive tours in the Greater Bay Area.