Hong Kong's Aim to Emerge as the Global Hub for Catastrophe Bonds and ILS: Insights from Insurance Authority

Monday, 15 April 2024, 01:00
Hong Kong is intensifying efforts to position itself as a central hub for Insurtech and ILS, particularly focusing on catastrophe bonds. The Insurance Authority reveals the strategies aimed at bolstering the region's capacity in raising funds for natural disaster management through enhanced issuer engagement, investor participation, and talent development. The progress in data access and modeling capabilities signifies Hong Kong's commitment to becoming a prominent player in the ILS market.
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Hong Kong's Aim to Emerge as the Global Hub for Catastrophe Bonds and ILS: Insights from Insurance Authority

Hong Kong's Drive for Catastrophe Bonds and ILS Growth

Hong Kong's proactive approach to strengthening its position in the ILS market.

Key Developments:

  • Enhanced Issuer Engagement: Establishing connections with potential issuers to broaden the market.
  • Investor Participation: Attracting more investors to support ILS and catastrophe bond initiatives.
  • Talent Development: Focusing on nurturing skilled professionals to drive growth in the sector.

This initiative highlights the city's aspirations to become a global player in disaster risk management and financial innovation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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