17 September 2025
The Insurance Authority (IA) welcomes initiatives announced by the Chief Executive today (17 September 2025) in his 2025 Policy Address.
“Insurance plays a crucial part in elevating the status of Hong Kong as an international financial centre. Being in charge of both prudential supervision and market development, the IA has made relentless efforts to improve our competitiveness in captive and reinsurance business,” said Mr Stephen Yiu, Chairman of the IA.
“The proposed setting up of a dedicated marine risk pool will open up new opportunities and bolster our resilience against contingencies. Meanwhile, the IA is exploring with the industry effective ways to facilitate local residents in accessing medical treatment or elderly care in the Mainland and pursuing self-drive tours in the Greater Bay Area, as well as to support the low-altitude economy. We have also kicked off a review on design parameters and risk calibration of the Risk-based Capital Regime with a view to attracting more offshore reinsurance business and incentivising insurers to participate in infrastructure financing,” Mr Yiu added.
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