, Hong Kong
352 views
/Ruslan Bardash from Unsplash

IA approves SAIC Motor Insurance for captive operations in Hong Kong

This is the second captive authorisation in Hong Kong this year.

The Hong Kong Insurance Authority (HKIA) has authorised SAIC Motor Insurance Limited, a captive insurance company set up by SAIC Motor Corporation Limited. 

This is the second captive authorisation in Hong Kong this year.

HKIA Chief Executive Officer Clement Cheung said the regulator is focusing on meeting the risk management needs of state-owned and private enterprises in Mainland China and local multinational conglomerates.

The HKIA is also studying options to allow more captive structures and expand risk coverage to strengthen Hong Kong’s competitiveness as a captive insurance hub.
 

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Zurich launches $5b share sale to fund Beazley bid
Offer values Beazley at 1,335 pence per share including 1,310 pence cash and 25 pence dividend.
Insurance
GAIP shifts from research to policy tools in 2025
It will also advance its Asia Risk Platform with rollout set for 2026.
Insurance
QBE Insurance moves to take full control of Raheja QBE
Deal ends 18 years of joint ownership with Prism Johnson Limited, pending regulator review.
Insurance