Another dedicated self-insurance company has established itself in Hong Kong, with China National Nuclear Corporation entering the market. The number of self-insurance companies in Hong Kong has increased to 7.

LightningPacketLoss · 2026-03-07T15:17:00+00:00

The Hong Kong Insurance Authority has approved China Nuclear Insurance Limited to become Hong Kong's first exclusive self-insurance company by 2026, bringing the total number of self-insurance companies in Hong Kong to seven. Self-insurance companies help large enterprises manage internal risks, improve cost efficiency, and promote Hong Kong as an Asian self-insurance hub, attracting reinsurance business.

LightningPacketLoss

2026-03-07 15:17:00

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Whale News, March 3 (Reporter Chen Xiaojuan) — Hong Kong’s first dedicated captive insurance company approved for 2026.

The Hong Kong Insurance Authority (referred to as “HKIA”) has officially authorized China Nuclear Industry Group Corporation to establish China Nuclear Insurance Limited. With this approval, the total number of captive insurance companies in Hong Kong increases to seven.

Typically, captive insurance companies are established by large corporations to manage internal risks within their groups within designated coverage areas. Due to lower administrative costs and compliance thresholds, they can improve the group’s cost efficiency and productivity.

From a strategic perspective, large enterprises face diversified and complex risks (such as supply chain, property damage, and general liability risks). As companies develop new productivity through technological innovation and transformation, they also encounter emerging risks. Establishing a captive insurance company helps enterprises oversee all risks comprehensively and enhances their internal risk management capabilities.

Globally, the use of captive insurance companies has a decades-long history in North America and Europe, but in Asia, it is still in the early stages. Hong Kong aims to become an Asian hub for captive insurance, driving demand for related professional services and attracting reinsurance business from around the world.

Since China National Offshore Oil Corporation Insurance Limited was registered in Hong Kong in 2000, major mainland enterprises such as Sinopec Insurance Limited (2013), China General Nuclear Insurance Limited (2014), and Shanghai Electric Insurance Limited (2018) have obtained licenses to operate captive insurance companies in Hong Kong. After a few years of pause, in 2025, HSBC Group and SAIC Motor Group also established captive insurance companies in Hong Kong.

(Image source: Hong Kong Insurance Authority)

(Edited by: Qian Xiaorui)

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