News Risk Management16 Sep 2020

New supervisory framework to enhance Hong Kong insurance groups' risk management

| 16 Sep 2020

According to Fitch Ratings the proposed new group-wide supervisory (GWS) framework in Hong Kong will strengthen the ability of the regulator to oversee Hong Kong-based internationally active insurance groups (IAIGs), which will push insurance groups to strengthen the sophistication of their risk management and improve the management of their group-wide capital adequacy.

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