A comparative overview of the Hong Kong and Singapore regulatory frameworks for the supervision of insurance groups

Shuhui Kwok, Wee Teck Lim, Charlotte Robins
A&O Shearman
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The Hong Kong government recently announced that the insurance group-wide supervision framework (GWS framework) will commence on 29 March 2021. The GWS framework will be implemented via the Insurance (Amendment) (No. 2) Ordinance 2020, which was passed by the Hong Kong legislature on 17 July 2020.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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