On 25 February 2026, the Insurance Authority ("IA") welcomed the 2026-27 Budget's policy initiatives that align with Hong Kong's National 15th Five-Year Plan. Chairman Stephen Yiu highlighted the IA's achievements and supported the extension of the talent training program.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On 25 February 2026, the Insurance Authority ("IA") welcomed the policy initiatives announced in the 2026-27 Budget, which are fully aligned with the National 15th Five-Year Plan.
Mr. Stephen Yiu, Chairman of the IA, highlighted the IA's efforts in establishing Hong Kong as a premier international financial hub. These efforts include the promotion of captive insurance formations, facilitation of catastrophe bond issuance, encouragement of artificial intelligence adoption, nurturing of marine insurance development, securing the re-domiciliation of major insurance groups, and proposing amendments to the Risk-based Capital Regime to foster infrastructure investment.
Mr. Yiu emphasized the importance of a skilled workforce for the successful implementation of these initiatives and, therefore, expressed strong support for the Government's three-year extension of the Programme to Enhance Talent Training for the Insurance Sector.
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