While the Hong Kong regulator’s insurance-linked securities (ILS) grant scheme is expected to attract sponsors to the region, the new regime must show its competitiveness against existing and established ILS domiciles, say industry experts.

Hong Kong’s emergence as a new Asian domicile for the issuance of catastrophe bond and ILS transactions provides sponsors with another choice.

To help the new ILS platform gain momentum, issuers are able to take advantage of a grant scheme designed to cover some of the issuance costs of a catastrophe bond.

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