AIA Group, which is listed on the Hong Kong Exchange, announced on Oct 17 that Hong Kong’s Insurance Authority (IA), has classified AIA Group as a Domestic Systemically Important Insurer (D-SII) under its newly introduced framework for macroprudential supervision.
AIA is already subject to and fully adheres to the IA’s Groupwide Supervision framework, which imposes robust regulatory requirements on capital adequacy, risk management, and internal controls. Accordingly, we do not expect any change to our operations or capital management policy as a result of this classification.
This classification reflects AIA’s vital role in Hong Kong’s financial system, the announcement said.
