Clement Cheung Reappointed Insurance Authority CEO to 2029
On.cc · 2 SOURCESabout 1 hour ago4 MIN
Summary
The Hong Kong government has reappointed Clement Cheung Yun-chung (張雲正) as chief executive officer of the Insurance Authority for another three-year term. The new term will run from August 15, 2026 to August 14, 2029, extending his leadership at the insurance regulator.
Key Points
- The government said Cheung's renewed appointment as Insurance Authority chief executive covers a three-year term from August 15, 2026 until August 14, 2029.
- Insurance Authority chairman Yiu Kin-wah said Cheung had implemented and refined the risk-based capital regime during his current tenure
- Yiu also credited Cheung with shaping and executing a strategy for captive insurers, nurturing the insurance-linked securities market, and setting up a marine-specific risk pool
- Measures to strengthen regulation of participating policies were also introduced during Cheung's tenure, according to the Insurance Authority chairman
- Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said Cheung had excelled in enhancing Hong Kong's status as an international risk management centre and strengthening insurance regulation
Why It Matters
The reappointment points to policy continuity at a time when Hong Kong is trying to deepen its role in risk management and broaden insurance-related market activity. It also suggests the regulator will keep pursuing prudential oversight while working with the industry on competitiveness and new opportunities