The Insurance Authority (IA) has authorised SAIC Motor Corporation Limited to set up a captive insurance company in the country.
The SAIC Motor Insurance Limited is the second captive authorisation in Hong Kong in 2025.
The IA is focusing on meeting the risk management needs of state-owned and private enterprises in Mainland China and local multinational conglomerates and studying options to allow more captive structures and expand risk coverage to strengthen Hong Kong’s competitiveness as a captive insurance hub.