The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Hong Kong.

1. 100% Foreign Direct Investment to Thrive
Hong Kong Insurance Industry: Ken Research

2. Ken Research has announced recent report titled,
“Governance, Risk and Compliance – The Hong Kong
Insurance Industry” which provides insights into the
governance, risk and compliance framework pertaining to
the insurance industry in Hong Kong.

3. This report provides an overview of the insurance
regulatory framework in Hong Kong and the latest key
changes, and changes expected in the country's insurance
regulatory framework along with key regulations and
market practices related to different types of insurance
products in the country.
It gives a detailed analysis of the insurance regulations for
life, property, motor, liability, personal accident and
health, and marine, aviation and transit insurance and
studies well the key parameters including licensing
requirements, permitted foreign direct investment,
minimum capital requirements, solvency and reserve
requirements, and investment regulations.

4. It analyzes the rules and regulations pertaining to the
establishment and operation of insurance businesses in the
country and also provides the details of taxation imposed
on insurance products and insurance companies.
Hong Kong has had one of the most developed insurance
markets in the region, with the per capita insurance
premium standing at high levels and also the country has
managed to attract many of the world's top insurance
companies. The regulatory body that supervised and
regulated the insurance industry in Hong Kong had long
been OCI though now, the government of Hong Kong has
forwarded a proposal to establish the Independent
Insurance Authority (IIA), replacing the OCI as the country's
insurance regulator.

5. The leading insurers by overall gross premiums in 2014 had been
AXA General Insurance Hong Kong, Zurich Insurance Company
Ltd, Bupa (Asia) Limited, China Taiping Insurance (HK) Company
Limited, Bank of China Group Insurance Company Limited, QBE-
HKSI Limited, AIG Insurance Hong Kong Limited, CNOOC
Insurance Limited, Asia Insurance Company Limited, and AXA
China Region Insurance Company Limited.
Now the reinsurers are not required to seek authorization to
carry out operational activities in Hong Kong and a cherry on the
top i.e. 100% foreign direct investment is permitted in the
insurance industry that is allover expected to boost the industry’s
performance. On the other hand, Composite insurance is not
permitted in the country due to fears of extreme losses.

6. Hong Kong had 161 authorized insurers as of end-June 2016,
about half of which were incorporated overseas and among
the overseas-incorporated insurers, Bermuda, the US and the
UK had taken the lead. This number is definitely forecasted to
ascend in the coming years with rising CAGR of the industry
each year it proceeds.
Key Factors Considered in the Report
Global Insurance Industry Research
Hong Kong Insurance Industry Research
Hong Kong Non-Life Insurance Industry
Hong Kong Life Insurance Market
Hong Kong Life Insurance Market Research
Life Insurance Sector Trends Hong Kong
Hong Kong Insurance Industry Regulations
Hong Kong Insurance Market Competition

7. For more coverage click on the link below:
https://www.kenresearch.com/banking-financial-services-and-
insurance/insurance/governance-risk-compliance-hong-kong-
insurance/4928-93.html
Related links:
https://www.kenresearch.com/banking-financial-services-and-
insurance/insurance/governance-risk-compliance-rwandan-
insurance/4943-93.html
https://www.kenresearch.com/banking-financial-services-and-
insurance/insurance/governance-risk-compliance-floridian-
insurance/84898-93.html

8. Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249