The Hong Kong Green Week deep dives into insurance’s role in building climate resilience

On 12 September 2025, the Insurance Authority ("IA") and the Hong Kong Federation of Insurers ("HKFI") co-hosted a strategic event in support of the Hong Kong Green Week. The event, titled 'Bridging Finance and Future: The Insurance Industry as a Pillar of Climate Resilience,' gathered esteemed speakers from the insurance industry, government, academia, and commercial sectors to discuss the critical role of insurance in bolstering climate resilience. Over 180 insurance practitioners and stakeholders participated, both in person and virtually.

Mr. Stephen Yiu, Chairman of the IA, underscored the significance of fostering dialogue among stakeholders to fortify Hong Kong's climate resilience. He emphasized the necessity of rigorous risk assessment and enhanced risk management frameworks.

The IA has been promoting collaborations between regulators, industry experts, and academics to integrate advanced climate risk research and modeling in insurance. The Climate Modelling Project, led by representatives from the IA, the Task Force on Green Insurance of the HKFI, and the Hong Kong University of Science and Technology ("HKUST"), showcased how shared claims data from insurers is utilized to develop innovative products and refine climate risk assessment capabilities.

The seminar included a panel discussion on cross-sectoral cooperation to uncover business opportunities and bolster climate resilience. Following this, presentations were given by representatives from the Civil Engineering and Development Department and the Drainage Services Department, highlighting government-led initiatives on integrated shoreline management and flood management strategies designed to mitigate climate-related risks.