Key facts
- Hong Kong has established a war-risk insurance pool.
- An insurance leader described the pool as a testament to collaboration.
- The pool is intended to address escalating geopolitical risks.
A Hong Kong insurance leader has lauded the city's war-risk insurance pool as a significant achievement in international collaboration, particularly in the current climate of heightened geopolitical instability.
The leader emphasized that the establishment of such a pool demonstrates the capacity for global cooperation in addressing complex and evolving risks within the insurance sector.