Hong Kong IA reappoints Cheung as CEO

The Government of Hong Kong has announced the reappointment of Clement Cheung Wan-ching (pictured) as the chief executive of the Insurance Authority (IA) for a term of three years from August 15, 2026, to August 14, 2029.

The appointment was approved by the chief executive of Hong Kong under the Insurance Ordinance.

The Secretary for Financial Services and the Treasury, Christopher Hui, welcomed the reappointment, adding that, "Mr Cheung has demonstrated remarkable performance in advancing Hong Kong's position as an international risk management centre and in strengthening the regulatory framework of the insurance sector.

“Under Mr Cheung's leadership, the IA has made considerable progress in implementing the risk-based capital regime and its review to support infrastructure investments in the Chinese Mainland and Hong Kong, strengthening the insurance-linked securities market and enhancing the competitiveness of Hong Kong's captive insurance business. I am confident that he will continue to lead the IA in enhancing prudential regulation, safeguarding policy holders interests, and working closely with the industry to reinforce Hong Kong's competitiveness while exploring new opportunities in the Chinese Mainland and overseas markets."

Cheung was first appointed as the chief executive of the IA in August 2018. He is currently a member of the Executive Committee of the International Association of Insurance Supervisors and a member of the Asian Forum of Insurance Regulators.

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