🚨 HONG KONG TIGHTENS OVERSIGHT OF PREMIUM FINANCING Hong Kong’s insurance watchdog is tightening oversight of the city’s booming premium financing market. Premium financing lets policyholders borrow from financial institutions to pay upfront premiums on large life insurance policies. Insurance Authority executives said the authority is reviewing regulations, especially how insurers assess clients’ affordability. Source: South China Morning Post #HongKong #premiumfinancingmarket #redflags #risks
