Company: Insurance Authority of Hong Kong Page 1 / 1
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- December 11 2024
GBA cooperation key to viable climate-related insurance development: HKIA’s Clement Cheung
The Greater Bay Area could help the industry develop innovative products and services for the broader market, the HKIA chief executive said at the Asian Insurance Forum.
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- September 25 2024
Hong Kong’s connectivity with GBA has reinforced its role as a global risk management centre, IA’s Clement Cheung
The SAR is well-placed to be a hub for captives, especially by mainland enterprises to holistically monitor their overseas project risks and scale up their intra-group risk management capacity, says the regulator’s CEO.
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- September 12 2024
Captives pivotal to development of Belt & Road green energy projects: HKIA panel
The SAR seeks to be the preferred captive domicile to manage risks from overseas renewable energy projects, participants at a Belt & Road summit moderated by the city's Insurance Authority heard.
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- September 2 2024
Hong Kong H1 2024 P&C underwriting profit climbs 34% to US$250m
The improvement came despite net claims incurred during the period rose 9.3% year-on-year, as growth in overall premiums and smaller losses recorded in third-party motor insurance helped the sector's results, provisional data from the HKIA shows.
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- July 4 2024
HKIA, HKFI welcome proposal to introduce re-domiciliation regime
A re-domiciliation regime will put Hong Kong in sync with developments in other (re)insurance hubs such as Singapore, and attract more insurers to set up their headquarters in the city.
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- July 1 2024
Hong Kong risk-based capital regime rollout marks milestone: Insurance Authority
The introduction of the RBC regime will strengthen the financial soundness of insurers and solidifies Hong Kong’s role as a global insurance hub, the regulator said.
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- May 31 2024
Hong Kong 2024 Q1 P&C underwriting profit doubles to US$132m
The improvement came despite the sector’s total gross claims rising 12.1% as insurers in the city benefited from the release of prior-year reserves, the Hong Kong Insurance Authority said.
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- May 24 2024
HKIA appoints new executive directors for GI and long-term business
Lee Moung-mo will have oversight of general business, while Marty Lui will take charge of long-term business.
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- May 6 2024
World Bank debuts US$150m Jamaica hurricane cat bond in Hong Kong
The second World Bank bond to list in Hong Kong will offer cover to the Caribbean island state against tropical cyclone events for the next four hurricane seasons up to 2027 and will have a parametric trigger.
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- May 6 2024
Local expertise and investors key to Hong Kong’s cat bond hub ambitions
Rising climate risks in the greater China region highlight Hong Kong's potential as an ILS hub, but an informed pool of investors and professional services ecosystems are important to grow the market further.
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- April 15 2024
HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
- Analysis
- Cat Bond
- China
- China Re
- Insurance Authority of Hong Kong
- Peak Re
- PICC Property and Casualty
- PICC Re
The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
