The Hong Kong Insurance Authority published a statement welcoming the policy initiatives announced in Hong Kong’s 2026-27 Budget, describing them as fully aligned with the National 15th Five-Year Plan, and expressed support for a three-year extension of the Government’s Programme to Enhance Talent Training for the Insurance Sector. Chairman Stephen Yiu linked the Budget’s direction to the Insurance Authority’s recent work, including promoting the formation of captive insurers, facilitating the issuance of catastrophe bonds, encouraging adoption of artificial intelligence, nurturing marine insurance, securing the re-domiciliation of major insurance groups, and proposing amendments to the Risk-based Capital Regime to incentivise infrastructure investment. He highlighted talent supply as an enabling factor for implementing these initiatives.
Hong Kong Insurance Authority 2026-02-25
Hong Kong Insurance Authority welcomes 2026-27 Budget initiatives and supports extending the insurance talent training programme
The Hong Kong Insurance Authority endorsed the 2026-27 Budget's policy initiatives, aligning with the National 15th Five-Year Plan, and supported extending the Government’s Programme to Enhance Talent Training for the Insurance Sector. Chairman Stephen Yiu linked the Budget's direction to promoting captive insurers, catastrophe bonds, AI adoption, marine insurance, re-domiciliation of insurance groups, and amending the Risk-based Capital Regime to boost infrastructure investment. Talent supply was emphasized as crucial for these initiatives.