Report highlights Hong Kong failings

A Hong Kong government advisory group has claimed the region is
"facing a serious challenge" as a (re)insurance hub and
recommended a series of regulatory and legislative changes to make
it more attractive.
In a report published on 7 March, the Hong Kong Financial
Services Development Council (FSDC) said the region was lagging
behind its Asian competitors in many areas as a major insurance
centre, and highlighted the rapid growth in (re)insurance business
in Singapore by comparison.
The FSDC rec