HKIA supports budget initiatives for insurance sector

Yiu highlighted the extension of the Pilot Insurance-linked Securities Grant Scheme.

The Insurance Authority of Hong Kong (HKIA) welcomed the policy initiatives outlined in the 2025-26 Budget.

Chairman Stephen Yiu highlighted the extension of the Pilot Insurance-linked Securities (ILS) Grant Scheme for another three years.

Since its launch in 2021, the scheme has facilitated the issuance of six catastrophe bonds in Hong Kong, strengthening the city's role in alternative risk transfer solutions and enhancing its position as a global risk management hub.

Yiu also said the HKIA is working with overseas-incorporated insurers that have a strong local presence to support their return to Hong Kong through the company re-domiciliation mechanism.

This initiative aims to reinforce the city's status as an international financial centre, the authority added.

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