A new law requires Hong Kong-authorized insurers to adopt a risk-based capital (RBC) regime in relation to the capital adequacy requirement.New tax treatments are introduced in relation to the adoption of RBC regimeHong Kong insurers may want to assess the implications on their tax positions, particularly the early RBC regime adopters for their 2022-23 profits tax returnsExecutive summaryThe Hong Kong "Insurance (Amendment) Ordinance 2023" (the New Law) was gazetted on 14 July 2023. The New Law introduces the RBC regime for Hong Kong insurers under the Insurance Ordinance and makes corresponding tax legislative changes. The new tax treatments will be...