ARTEMIS: Changes to Hong Kong’s insurance and reinsurance market regulation came into effect on March 29th, including the new regulatory regime for insurance-linked securities (ILS) business.
The Insurance Authority (IA) of Hong Kong has been working hard to put in place the necessary regulatory and tax regime for insurance-linked securities (ILS) issuance and business to be undertaken in the the Special Administrative Region.
As we previously explained, the Government of Hong Kong revealed its plans for an ILS grant scheme that will cover around US $1.6 million of costs for issuers and sponsors.
FULL ORIGINAL PUBLICATION HERE
