The Hong Kong Federation of Insurers (HKFI) welcomes various measures with relevance to the insurance industry announced by the HKSAR Chief Executive in his 2025 Policy Address today (17 September 2025).

We are delighted to note that some of the Government’s measures are in alignment with our recommendations for bolstering the strengths of local insurance industry in particular these moves:

• Reaffirming Hong Kong’s status as International Risk Management Centre and promoting the development of exclusive captive and reinsurance business in Hong Kong.

• Continuing to boost Hong Kong's maritime strengths includes establishing a dedicated marine risk pool to enhance Hong Kong's underwriting capacity for both local and Mainland markets.

• Clearly identifying the role insurance plays in developing low-altitude economy insurance products for various application scenarios

As the representative body of the insurance industry, the HKFI will continue working closely with the Government and Insurance Authority to bring the above measures into full play to enhance Hong Kong's position as the global insurance hub and risk management centre.