Hong Kong regulator sets ‘comprehensive’ review of medical insurance costs

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Hong Kong's Insurance Authority is conducting a comprehensive review of medical insurance costs, aiming to improve transparency and expand accessible and affordable product options. The regulator is also reviewing rules to attract international life-insurance buyers. The initiative responds to rising healthcare costs and consumer protection concerns.

Hong Kong’s Insurance Authority aims to increase transparency and the available range of medical insurance products to address rising costs, while also reviewing regulations with an eye towards attracting more international life-insurance buyers. “We would like to see the insurance companies introduce more medical insurance products that are more accessible and affordable for the general public, with sales practices that are fair to consumers,” said Clement Lau Chung-kin, the authority’s...