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Hong Kong sets up insurance platform for Belt and Road Initiative

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Hong Kong sets up insurance platform for Belt and Road Initiative

Hong Kong's insurance regulator has set up a platform to help insurers tap into business opportunities related to the Belt and Road Initiative, South China Morning Post reported. Moses Cheng Mo-chi, chairman of the Insurance Authority, said that insurers can use the platform to make deals with bankers, project managers and other stakeholders to cover infrastructure projects-related risks such as terrorism and political risk. Mr. Mo-chi said that the Belt and Road Insurance Exchange Facilitation platform will help Hong Kong to attract more insurers and to set up an insurance hub in the territory.

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