HKIA welcomes policy address with marine risk pool opportunity

The regulator said it will create new bussiness opportunities.

The Hong Kong Insurance Authority (HKIA) has welcomed measures announced by Chief Executive John Lee in his 2025 Policy Address, noting their potential impact on Hong Kong’s insurance market.

HKIA chairman Stephen Yiu said a proposed marine risk pool will create new business opportunities and strengthen the city’s ability to manage contingencies. 

He added that the regulator is working with the industry on ways to improve access for Hong Kong residents to medical treatment and elderly care services in Mainland China, as well as support for cross-border self-drive travel in the Greater Bay Area and the growth of the low-altitude economy.

The HKIA has also launched a review of the Risk-based Capital Regime, focusing on design parameters and risk calibration. 

Yiu said the aim is to attract more offshore reinsurance business and encourage insurers to increase participation in infrastructure financing.