Hong Kong’s new five-year plan highlights insurance-linked securities business and the ongoing development of its ILS regulatory regime as key strategic goals, with a PCC structure being explored for more cost-efficient ILS and catastrophe bond issuance, as well as ways to invigorate the investor side as well.
The inaugural Five-Year Plan of the Hong Kong Special Administrative Region (HKSAR) shows the continued determination of the government and authorities to foster an ILS market and grow it into a meaningful piece of its overall insurance and reinsurance activities.
Since launching its ILS regulatory regime in 2021, Hong Kong has hosted a number of catastrophe bond transactions, more as listing location than as actual issuance domicile, but steady progress has been made.
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