Hong Kong's insurance regulator is increasing scrutiny over the city's rapidly expanding premium financing market. This move comes as lenders are reportedly lowering eligibility requirements and failing to adequately disclose the risks involved, potentially jeopardizing policyholders. The Insurance Authority is reviewing regulations, particularly concerning how insurers assess a client's ability to afford these policies, as the practice shifts from high-net-worth individuals to a broader audience. AI
RANK_REASON Regulatory action by a financial authority in a major financial hub. [lever_c_demoted from significant: ic=1 ai=0.1]
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