China - Preference for Hong Kong reinsurers
Monday, 07 02 2018, Category: Insurance and Reinsurance, Country: China
China’s insurance regulator has agreed with its Hong Kong counterpart to provide preferential treatment to Hong Kong reinsurers, a senior official of the Hong Kong Insurance Authority (IA) has revealed.
During a forum last week, IA executive director of general business Simon Lam said this deal falls under the Equivalence Assessment Framework Agreement on the Solvency Regulatory Regime between the Mainland and Hong Kong.
Source: Insurance Business