Hong Kong Insurance Authority hosts Belt and Road forum

The Insurance Authority (IA) of Hong Kong has hosted a forum highlighting the importance of risk management in projects under Beijing’s Belt and Road Initiative (BRI). The forum, which was held on September 11 during the 2019 Belt and Road Summit at the Hong Kong Convention and Exhibition Centre, showcased how Hong Kong made a name for itself as a re/insurance hub and risk management centre for BRI projects, a statement from the regulator said. Attendees included a panel of experts from the re/insurance, captive insurance, banking and risk management sectors. They discussed how insurance and project finance are interlinked and are vital to the commercial viability of enterprises, especially state-owned enterprises (SOEs), investing in BRI projects.