This focus on catastrophe risk is also expected to fuel market expansion, with GWP forecast to grow at a CAGR of 11.5% through 2030 amid rising losses.
The plan outlines a shift toward wider regional capability, aiming to strengthen long-term resilience and drive greater impact for Pacific governments and communities.
The regulator unveiled the research at Hong Kong FinTech Week, demonstrating how the privacy-preserving technology can enable insurers to collaborate on data.
(Re)insurers need to combine their strengths, use better data, and shift beyond traditional protection roles to focus on anticipating and preventing risks, says Swiss Re’s Victor Kuk.
The HKIA Sustainable Indicator field offers insurers an independent classification of green bonds that meet new eligibility standards under Hong Kong’s RBC Regime.
