Hong Kong Insurance Authority reappoints CEO

His reappointment is effective 15 August 2023 to 14 August 2026.

Clement Cheung Wan-ching has been reappointed as the Chief Executive Officer (CEO) of the Hong Kong Insurance Authority (HKIA) by the Government of Hong Kong. 

This role is effective from today until 14 August 2026.

This three-year reappointment was sanctioned by the Chief Executive under the Insurance Ordinance.

The Financial Secretary,  Paul Chan, stated that Wan-ching will continue to enhance the protection of policyholders by strengthening prudential oversight of the insurance sector. 

Wan-ching is also expected to collaborate with the industry to boost competitiveness, explore opportunities in Mainland China and international markets, and foster steady growth in the insurance industry.

ALSO READ: Hong Kong Insurance Authority flags fraudulent AXA website

Wan-ching initially assumed the role of CEO of the HKIA in August 2018. 

Under his leadership, the HKIA undertook its full range of statutory functions as an insurance regulator and embarked on initiatives to support sustainable market growth. 

He presently holds positions on the executive committee of the International Association of Insurance Supervisors and is the Chairman of the Asian Forum of Insurance Regulators.

Established in December 2015, the HKIA operates as an autonomous insurance regulator in accordance with the Insurance Ordinance.