HKIA applauds Article 23 consultation for legal enhancement

This initiative hopes to improve the legal regime of the industry in Hong Kong.

The Insurance Authority (IA) of Hong Kong said it welcomed the commencement of consultation and legislative work on Article 23 of the Basic Law by the Hong Kong Special Administrative Region (HKSAR) Government.

This initiative aims to enhance the legal regime, safeguard national security, and ensure social stability, laying a solid foundation for the financial and economic development of Hong Kong.

ALSO READ: HKIA meets with NFRA, eyes bolstering HK and mainland market

The IA said it this legislative work as an important step to create a safe and orderly business environment, strengthen investor confidence, and reinforce Hong Kong's position as an international financial and global risk management centre.

The IA pledges its support for the HKSAR Government's efforts and will work closely with the insurance sector to assist in understanding the legislative proposals.

Follow the link for more news on

Hong Kong Insurance Authority

Also Read

APAC emerges as leader in renewables insurance

Only 14% of rich people prioritise life insurance despite awareness

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 dight 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!

I want to download the media kit

Top News

APAC emerges as leader in renewables insurance

RE is projected to account for 45% of global electricity generation by 2030.

Insurance

10 hours ago

Only 14% of rich people prioritise life insurance despite awareness

41% of SEA saw potential family disputes from lack of a plan as top concern.

Insurance

10 hours ago

Zurich eyes to surpass 23% ROE in next three years

It also aims to achieve core EPS with a CAGR of over 9%.

Insurance

11 hours ago

IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold

The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund (IFRC-DREF) has triggered its first-ever insurance payout after disaster relief demands exceeded its deductible threshold.

Insurance

11 hours ago