FuSure Reinsurance has successfully obtained a Composite License from the Hong Kong Insurance Authority (HKIA), upgrading its General Insurance operations to a broader insurance authorization. The license includes both Class A and Class D, which will enable the company to expand its offerings in the region.
Since its founding in 2021, FuSure has focused on providing low-volatility personal risk reinsurance products in Greater China, specifically in health and accident insurance. With this new license, the company aims to enhance its insurance solutions and diversify its product portfolio.
In addition to its core offerings, FuSure is actively exploring innovative insurance products in areas such as health, auto, pet, cybersecurity, and liability insurance. The company also has plans to extend its reach to international markets, broadening its global presence.
The acquisition of the Composite License positions FuSure to offer more comprehensive and flexible insurance solutions to meet the evolving needs of its clients.
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