Overview

Background and establishment of BRIEF

The Belt and Road Initiative (“BRI”) will bring about a suite of new business prospects for the insurance industry. Mainland enterprises and other project owners are exposed to a multitude of specialty risks associated with their overseas investments. Hong Kong is well positioned to provide professional risk management services and effective insurance coverage for this purpose.

In order to effectively capture the unprecedented opportunities, the Insurance Authority (“IA”) set up the Belt and Road Insurance Exchange Facilitation (“BRIEF”) in December 2018 to pool together key stakeholders to unleash synergies in exploiting prospects arising from BRI.

BRIEF leaflet

Please download here.

Objectives

• Provide a platform to promote the exchange of intelligence, forge alliances and facilitate networking; and
• Establish Hong Kong as a global risk management centre and a regional insurance hub.

Membership

The membership of BRIEF spans across the following groups –

• Mainland, Hong Kong and foreign enterprises engaging in projects and commercial activities connected with BRI;
• Insurance companies and professionals involved in BRI including direct insurers, reinsurers, captive insurers, insurance / reinsurance brokers and captive managers;
• Other professional service providers e.g. legal, accounting, logistics, engineering, architectural and consulting firms; and
• Investment promotion agencies, trade associations, chambers of commerce and industry organizations.

Enquiries

Email: [email protected]