100% Foreign Direct Investment to Thrive Hong Kong Insurance Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Ken Research has announced recent report titled, “Governance, Risk and Compliance – The Hong Kong Insurance Industry” which provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Hong Kong. This report provides an overview of the insurance regulatory framework in Hong Kong and the latest key changes, and changes expected in the country’s insurance regulatory framework along with key regulations and market practices related to different types of insurance products in the country. It gives a detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance and studies well the key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations. It analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country and also provides the details of taxation imposed on insurance products and insurance companies. Hong Kong has had one of the most developed insurance markets in the region, with the per capita insurance premium standing at high levels and also the country has managed to attract many of the world’s top insurance companies. The regulatory body that supervised and regulated the insurance industry in Hong Kong had long been OCI though now, the government of Hong Kong has forwarded a proposal to establish the Independent Insurance Authority (IIA), replacing the OCI as the country’s insurance regulator. The leading insurers by overall gross premiums in 2014 had been AXA General Insurance Hong Kong, Zurich Insurance Company Ltd, Bupa (Asia) Limited, China Taiping Insurance (HK) Company Limited, Bank of China Group Insurance Company Limited, QBE-HKSI Limited, AIG Insurance Hong Kong Limited, CNOOC Insurance Limited, Asia Insurance Company Limited, and AXA China Region Insurance Company Limited. Now the reinsurers are not required to seek authorization to carry out operational activities in Hong Kong and a cherry on the top i.e. 100% foreign direct investment is permitted in the insurance industry that is allover expected to boost the industry’s performance. On the other hand, Composite insurance is not permitted in the country due to fears of extreme losses. Hong Kong had 161 authorized insurers as of end-June 2016, about half of which were incorporated overseas and among the overseas-incorporated insurers, Bermuda, the US and the UK had taken the lead. This number is definitely forecasted to ascend in the coming years with rising CAGR of the industry each year it proceeds. Key Factors Considered in the Report Global Insurance Industry Research Hong Kong Insurance Industry Research Hong Kong Non-Life Insurance Industry Hong Kong Life Insurance Market Hong Kong Life Insurance Market Research Life Insurance Sector Trends Hong Kong Hong Kong Insurance Industry Regulations Hong Kong Insurance Market Competition For more coverage click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-hong-kong-insurance/4928-93.html Related links: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-rwandan-insurance/4943-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/governance-risk-compliance-floridian-insurance/84898-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249