Guernsey Finance is to host its first insurance masterclass in Hong Kong on 4 November 2016, following the signing of an agreement to further develop China’s captive insurance market.
The agreement, signed in June, was with both the China Captive Alliance and the Kashgar Government, laid out plans to cooperate on captive insurance market development and on financial innovation; to promote the viability of the Chinese captive market; and to cooperate on communication between China and the international captive industry.
The masterclass, which takes place at the PwC Executive Conference Centre in Central, will feature two panel discussions.
The first will be on captive insurance and the other on employee benefit trusts, focusing on the risk management impact of global developments on innovation and growth in these sectors.
Dominic Wheatley, CEO of Guernsey Finance, said: “There is plenty that Asia’s developing and evolving captive insurance sector can learn from Guernsey in this area and we hope that our event will offer guidance and insight into the possible use of captive insurance companies by Asian corporations.”
“As Asia becomes more exposed to international management practices, recognition of the economic efficiency of insurance and the financial efficiency of formal risk management, risk transfer and risk financing models will increase.”
