Opinion: HK insurers face uphill battle in talent hunt amid new capital rules

Talent recruitment and retention have become a big challenge for Hong Kong’s financial industry post-COVID-19, particularly for insurers and their in-house investment teams as they enter a new risk-based capital (RBC) regime. The new RBC rules, which took effect on July 1, require insurance companies to strengthen asset-liability management (ALM) as well as risk oversight of investment portfolios to balance regulatory requirements and financial returns. It’s no easy task. As Sun…