INSURANCE

On 2 September, the China Banking and Insurance Regulatory Commission issued and put into practice its administrative measures on the market access of branches of insurance companies in a bid to regulate various matters pertaining to insurance branches – including their formation, transformation, change of premises and revocation. The measures are also intended to regulate the application, examination and approval of relevant administrative permits. More

With Hong Kong being an international financial centre, its financial services sector remains one of the most important economic pillars, accounting for 21.3% of the city’s GDP and providing some 273,000 jobs in 2019. Hong Kong was ranked 5th in the Global Financial Centres Index (GFCI) and hosts the largest pool of RMB liquidity outside Mainland China. More

Founded in 1993, the Dublin-based life, accident and health InsurTech firm FINEOS designs and develops client-centric core system software solutions for insurers. After building a global presence for more than quarter of a century, the company is looking to take advantage of the opportunities afforded by the Greater Bay Area initiative from its Asian hub in Hong Kong. More