Given Hong Kong’s open and sophisticated financial market, along with its distinct connection with the Chinese Mainland and the support of roughly 3,380 family offices, the major city is ideally placed to promote the usage of alternative risk transfer tools and ILS, according to Stephen Yiu, Chairman of the Hong Kong Insurance Authority (IA).
Yiu spoke at the IA’s recent Insurance-linked Securities (ILS) Conference, gathering which brought together more than 120 institutional investors, reinsurers, insurers, and professional service providers to exchange insights and foster partnerships throughout the city.
In his opening remarks, Yiu highlighted how alternative investments are gaining more traction.
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