Reinsurance News
Insurance Authority
Insurance Authority reports premium gains for Hong Kong, long term business leads sector
29th October 2025
The Insurance Authority (IA), the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong, has released provisional data for the first half of 2025, indicating total gross premiums of HK$423.4 billion across the market. The figures provide insights into both long-term and general insurance business activity ... Read the full article
HSBC’s Wayfoong becomes Hong Kong first captive insurer formed by a multinational enterprise
13th May 2025
HSBC Group has received approval from the Insurance Authority (IA) to set up a captive insurance company, Wayfoong (Asia) Limited, in Hong Kong, which has become the first captive insurer established in the city by a multinational enterprise. A captive insurer is designed primarily to cope with the multifarious perils borne by ... Read the full article
Hong Kong officially begins risk-based capital regime for insurers
1st July 2024
Hong Kong’s risk-based capital (RBC) regime for the insurance industry has officially come into operation as of July 1, 2024. This follows the enactment of the Insurance (Amendment) Ordinance 2023, along with related subsidiary legislation and new guidelines or revised guidelines by the Insurance Authority (IA) that tie in with the ... Read the full article
HK Insurance Authority welcomes two new Executive Directors
31st May 2024
Lee Moung-mo has been appointed Executive Director, General Business, and Marty Lui Yu-kwok as Executive Director, Long Term Business of the Insurance Authority (IA),the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong. The Government’s Financial secretary appointed both executives to their new roles for a ... Read the full article
Hong Kong IA reports decrease in total premiums despite growth in reinsurance in 2023
8th March 2024
The Insurance Authority (IA) has reported an increase in Hong Kong’s reinsurance gross premiums by 3.1% and net premiums by 0.2% for 2023, however, total gross premiums decreased by 1.1% compared to 2022, totalling $549.7 billion. Reinsurance gross premiums reached $18.1 billion in the year, primarily driven by the Property Damage ... Read the full article
Development roadmap for Hong Kong insurance revealed at IA event
4th January 2023
A development roadmap for the insurance sector in Hong Kong has been unveiled at a recent event held by the Insurance Authority (IA). At the event, the Government revealed details about a development roadmap for the insurance sector, expounded by Christopher Hui, Secretary for Financial Services and the Treasury of the ... Read the full article
Insurance Authority to continue nurturing ecosystem for green insurance
14th January 2022
The Hong Kong Insurance Authority (IA) recently hosted a discussion where insurance professionals shared their predictions on the industry’s participation in initiatives for addressing climate change, noting the emerging opportunities ahead. With climate change remaining as an imminent threat facing humanity, governments worldwide have created action plans to combat its impacts, ... Read the full article
Chinese regulator continues preferential treatment to Hong Kong reinsurers
22nd July 2019
The China Banking and Insurance Regulatory Commission (CBIRC) has announced the renewal of an agreement that sees the continuation of preferential treatment to the Hong Kong reinsurance industry. As we reported last year, following more than a year of negotiations, an agreement was reached between the CBIRC and the Insurance ... Read the full article
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