The Hong Kong Federation of Insurers (HKFI) was established on 8 August 1988 to advance and promote the development of the insurance business in Hong Kong. Following its conversion to a limited company on 29 December 1994, the HKFI became a consolidated and streamlined organization that enjoys full recognition by the Government of the Hong Kong Special Administrative Region as the representative body of an increasingly important industry. While maintaining a frequent dialogue with the Insurance Authority on legislative issues affecting the industry, the HKFI actively promotes best market practices with an aim of improving the professionalism of and strengthening public confidence in the insurance industry.