Captive insurance has been a key theme over the past year, as policy initiatives have emerged aimed at securing Hong Kong's place as a key hub for global trade. As identified in the Insurance Authority's annual report, these initiatives have focused on four areas of captive insurance: insurance-linked securities (ILS), marine and specialty risk insurance, and reinsurance. The report highlights how legislative amendments have worked to make Hong Kong an ideal captive domicile for risk management insurers. The report focuses on Hong Kong's position close to Mainland China, as well as the fact that it is already renowned as a global financial centre. This combination, it says, "make it an ideal captive domicile for Mainland Chinese enterprises with overseas projects." The report also highlights how the Hong Kong Specialty Risks Consortium has been established to help connect supply and demand in the specialty risks area, further reinforcing Hong Kong's prime position.