25 February 2026
The Insurance Authority (“IA”) today (25 February 2026) welcomed the policy initiatives announced in the 2026-27 Budget that fully align with the National 15th Five-Year Plan.
Mr Stephen Yiu, Chairman of the IA, pointed out that “The IA has made great strides in cementing the status of Hong Kong as a leading international financial centre by promoting formation of captives, facilitating issuance of catastrophe bonds, encouraging adoption of artificial intelligence, nurturing development of marine insurance, securing re-domiciliation of major insurance groups and proposing amendments to the Risk-based Capital Regime to incentivise infrastructure investment.”
He stressed that “Since adequate supply of talents is an enabling factor for the successful implementation of these policy initiatives, we strongly support a three-year extension of the Programme to Enhance Talent Training for the Insurance Sector by the Government.”
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