FuSure Reinsurance Secures Long-Term Insurance Authorization and Upgrades to Composite License from Hong Kong Insurance Authority
HONG KONG, March 24, 2025 /PRNewswire/ -- FuSure Reinsurance ("FuSure") is pleased to announce that, following four years of steady growth, it has successfully secured a long-term insurance authorization (Class A and Class D) from the Hong Kong Insurance Authority (HKIA), and upgraded its existing General Insurance operations into a Composite License. This license upgrade represents a significant milestone in FuSure's strategic expansion in the insurance sector, marking a new phase of the company's operation in the reinsurance sector and laying a robust foundation for its future growth in the global markets.
As a professional reinsurance provider, FuSure has established a core reinsurance business in the Greater China region since its inception in 2021, focusing on reinsurance products with low-volatility personal risks such as health and accident insurance. The company actively explores product innovation opportunities in areas including health, auto, pet, cybersecurity, and liability insurance, with plans to progressively expand into diversified product lines and explore other international markets.
FuSure maintains an unwavering commitment to client centricity and adheres to the principle of "Tech for Good." By leveraging exceptional industry expertise, advanced technological solutions, and innovative insurance products, FuSure consistently delivers enhanced value to its clients and business partners. The newly secured long-term insurance license not only underscores regulatory and industry recognition of FuSure's operational excellence and superior service capabilities, but also highlights the company's significant potential for continued innovation and sustainable growth.
Looking ahead, FuSure will leverage Hong Kong's unique strengths as an international financial hub to proactively advance its global development strategy. The company is committed to serving as a robust bridge connecting the Chinese Mainland and international markets. By capitalizing on the advantages of its Composite License, FuSure will broaden its insurance service offerings, delivering more comprehensive, flexible, and innovative products and risk management solutions. FuSure remains dedicated to empowering its clients and business partners, collaborating closely to drive sustained innovation and high-quality growth across the insurance industry in Hong Kong and globally.
About FuSure Reinsurance
Headquartered in Hong Kong and established in 2021 by prominent shareholders including Tencent, FuSure Reinsurance specializes in providing institutional clients with professional reinsurance services and comprehensive risk management solutions. Guided by its core values of "Client First, Tech for Good, Innovation-led," FuSure is committed to advancing the insurance industry through pioneering technological innovation and deep user insights, ultimately contributing to greater social welfare.
FuSure holds an "A-" Financial Strength Rating from AM Best and enjoys mutual solvency recognition between Mainland China and Hong Kong.
Official website: http://www.fusure.com
Contact: [email protected]
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