Hong Kong:
COVID-19 Hong Kong: Hong Kong’s Measures To Promote Itself As A Regional Insurance Hub
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The Hong Kong Government and other bodies of
authority have been proposing to implement a number of key measures
to enhance the attractiveness of the insurance industry in Hong
Kong.
We have highlighted the key measures which will affect various
stakeholders in the insurance industry:
- Insurance linked securities (“ILS“)
and captive insurance; - Group-wide supervision;
- Tax relief; and
- Extended temporary facilitative measures
Insurance linked securities (“ILS“)
and captive insurance
ILS is an alternative risk management method by which an insurer
can raise capital by sharing insured risks…
