Hong Kong: Reinsurance

The city hopes to become a regional leader in ILS product transactions, surpassing Singapore to eventually parallel Bermuda's success in the US and European markets.

This Guideline explains how the Insurance Authority exercises its discretion to authorize special purpose insurers.

With Singapore raising its profile in the alternative risk market, and Hong Kong introducing a new insurance bill, ILS opportunities in Asia are going from strength to strength.

Real estate related investment products offered by PRC trust companies have become an increasingly important alternative source of capital for real estate developers to finance construction costs where other traditional sources of real estate finance have been constrained by central government policies impacting on the real estate sector.

EC insurers are invariably faced with claims where contractors claim to be employees so as to be entitled to employees' compensation.

The Hong Kong Privacy Commissioner's Office (PCO) published the Octopus investigation report yesterday (18 October 2010). Whilst the PCO's findings on Octopus are based on the facts of that case, its recommendations impact all data users.