premium financing market

A sector that provides loans to individuals to pay insurance premiums, allowing them to purchase policies without immediate out-of-pocket payment.

Why it’s in the news: It is in the news because Hong Kong's Insurance Authority is tightening its oversight as the market expands and poses new risks.

Latest on premium financing market

• Hong Kong to tighten burgeoning premium financing market as red flags, risks emerge
• The move follows concerns about emerging risks in the once-niche lending arrangement.
• Hong Kong's Insurance Authority moves to tighten premium financing rules as the market expands to riskier clients.
• Hong Kong's Insurance Authority is tightening oversight of the city's premium financing market as it expands to lower-tier insurance buyers.

Connections

7 entities linked to premium financing market across the news graph.