HONG KONG, June 15 (Bernama-BUSINESS WIRE) -- In 2014, The Insurance Authority (IA) of Hong Kong issued a consultation paper, titled, “Risk-Based Capital Framework for the Insurance Industry of Hong Kong” (RBC consultation paper), which introduced broad principles and key approaches in developing a risk-based capital (RBC) framework. This Best’s Special Report, titled, “Hong Kong Non-Life Insurance Industry Moving Toward Risk-Based Capital Regime,” aims to present A.M. Best’s view on several key areas to be addressed in an RBC framework designed for the Hong Kong insurance industry. In this report, A.M. Best’s credit rating analysis for insurance companies will be used, including A.M. Best’s Capital Adequacy Ratio (BCAR), on a sample of primary general insurers in Hong Kong, to provide a broad view about the capital adequacy levels of these insurers.
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