Hong Kong: Shine on
Source: Asia Insurance Review | Apr 2015
The recently released 2014 figures by OIC show a healthy 13% jump for insurance in 2014. Regulatory changes will continue to figure prominently on the industry’s agenda in 2015, as the regulator moves closer to independence, looks to develop a risk-based capital regime, works towards reforming the health care system and mulls over plans to introduce a Policyholder Protection Fund.
With resilience, the insurance sector in Hong Kong will continue to shine and thrive even as it faces sweeping changes.