John Lee outlined plans to mobilise insurer capital for infrastructure, establish a marine risk pool, and boost insurance innovation in emerging sectors.
According to a Bloomberg report, Taiwan's life insurance association is asking its members to study adjustments as hedging expenses climb and firms prepare to rebuild currency protection.
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.
