HKCYIA signs deal with local insurance broker

The Hong Kong Cruise and Yacht Industry Association (HKCYIA) has signed a Memorandum of Understanding with Hong Kong insurance broker Voyager Risk Solutions Ltd to support its risk and insurance management services for superyachts.

It said that the move was expected to promote its upcoming initiatives in the development of the yacht and tourism industries in the Greater Bay Area.

HKCYIA provides a platform for cruise and yacht industry practitioners to work together as a united force for the promotion of long-term development of the cruise and yachting industry.

The association said that the move was made in view of the rapid development of the global yacht industry and a surging demand for superyacht management services in Hong Kong.