Insurance Authority of Hong Kong: Hong Kong market has issued seven insurance-linked securities totaling USD 800 million.

Personnel from the Hong Kong Insurance Authority introduced that as of now, the Hong Kong market has facilitated seven insurance-linked securities (ILS) issuances with a total issuance amount of $800 million USD. The Hong Kong Insurance Authority plans to provide funding for qualified issuances, with a maximum funding limit of HK$7 million for new ILS issuances, and a funding limit of HK$3 million for renewals or repeat issuances, with at least 50% of the initial issuance costs eligible for funding. In the future, Hong Kong will continue to promote the development of the ILS market, exploring innovative applications in areas such as life insurance and pensions, diversifying capital channels, and providing a more diversified and stable risk transfer solution for the industry.