The system will require vessels to hold P&I cover from IG P&I Clubs, domestic insurers, or international carriers with a credit rating of at least BBB.
The HKIA Sustainable Indicator field offers insurers an independent classification of green bonds that meet new eligibility standards under Hong Kong’s RBC Regime.
The Japanese insurer has told the Financial Services Agency that it has ended practices that risked distorting sales, including recruitment support for agents.
Ratings agency added that rising capital levels and stable investment income are sustaining strong capacity, driving competition, and fueling continued rate softening across APAC markets.
Regulator has kept KWI Life under close watch due to concerns about its financial stability, but notes the insurer has made progress by raising its capital.
The rating agency expects margins to weaken in 2026 as abundant capacity and softer rates erode underwriting profitability, though capitalisation will remain strong.
