Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2017

Country Profile


Hong Kong

A new chapter with new IA

Hong Kong enters a new chapter in insurance with the Insurance Authority coming into force on 26 June. Already dynamic and sophisticated, the outlook for the market is highly positive as industry play-ers count on Hong Kong’s ties with the mainland, its super connector role as a fi-nance/logistics/commercial hub, the ageing population to further boost life and general insurance growth as well as retirement and wealth management solutions to all. 
 


Interview with Regulator: An old hand to lead the path for IA's new mandate

Hong Kong’s new insurance regulator, the Insurance Authority (IA), took over from the Office of the Commissioner of Insurance (OCI) on 26 June 2017. Among the new IA’s additional mandates are facilitating the sustainable development of the insurance industry, direct licensing of insurance intermediaries, consumer education, as well as research on industry issues and topics. 
 

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Life: Powering to dizzying heights

The mainland Chinese visitor market drove the boom in the Hong Kong life insurance business last year. Will it continue, given the curbs imposed by the Chinese government to stem capital outflows last year? Market players give Asia Insurance Review their take.
 

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General: Stagnant but banking on health and Island's Super Connector role

Hong Kong’s non-life market is going through tough and transformational times, as the industry deals with the impact of over-capacity, and gears up for the demands of a more customer-centric, digital world.
 

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A reinsurer with a confident outlook for Hong Kong business

Born and bred in Hong Kong, Peak Re has built a profitable business in the SAR from scratch by being an on-the-ground, close and robust business partner to its clients and emphasising its long-term commitment to the market.
 

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