, Hong Kong
329 views
/Tara Winstead from Pexels

Hong Kong begins risk-based capital regime for insurers

This follows the enactment of the Insurance (Amendment) Ordinance 2023.

Hong Kong’s risk-based capital (RBC) regime for the insurance industry has officially come into effect as of today. 

This follows the enactment of the Insurance (Amendment) Ordinance 2023, along with related subsidiary legislation and new guidelines from the Insurance Authority (IA).

“The introduction of the RBC regime will strengthen the financial soundness of insurers in Hong Kong by taking a modular approach for an assessment more sensitive to each insurer’s risk profile while providing closer alignment with international standards,” an IA spokesperson said in a media release.

“Its implementation marks a significant milestone for the insurance industry, enhancing protection for policyholders and solidifying Hong Kong’s role as a global insurance hub.” they added.

The IA has worked closely with industry stakeholders since the passage of the Insurance (Amendment) Bill 2023 and will continue to engage with the industry during the regime's implementation.

Follow the link for more news on

Join Hong Kong Business 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 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!