The Insurance Authority of Hong Kong (HKIA) has expressed its support for the key policy initiatives introduced in the 2025-26 Budget, with particular emphasis on the extension of the Pilot Insurance-linked Securities (ILS) Grant Scheme.
Chairman Stephen Yiu highlighted that the scheme, which was first launched in 2021, will be extended for another three years. This move follows the successful issuance of six catastrophe bonds in Hong Kong, reinforcing the city’s growing significance in alternative risk transfer solutions. It also strengthens Hong Kong’s position as a global hub for risk management.
In addition, Yiu noted that the HKIA is collaborating with overseas-incorporated insurers with a strong local presence to facilitate their return to Hong Kong through the company re-domiciliation mechanism. This initiative aligns with the goal of further bolstering the city’s standing as an international financial centre, according to the authority.
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