Hong Kong to install their first independent insurance authority

Hong Kong is home to the most authorized insurance companies in all of Asia. The insurance market in the fabled city-state has been experiencing wondrous growth for several years thanks to the relatively lax regulations imposed upon the industry. In fact, Hong Kong currently has no singular authority in charge of regulating the insurance industry. This will soon change, however, as the government prepares to the first independent insurance authority. Government officials are now consulting with several insurance experts to gain insight on the initiative. The overall aim of the…

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