HKIA announces new executive director

Two executive directors will be appointed soon to oversee long-term and general business.

The Insurance Authority (IA) of Hong Kong announced the appointment of Clement Lau as Executive Director, Policy and Legislation, effective until January 2027.

Lau, recognised for his notable experience in public administration and financial supervision, is expected to bring energy and strength to the IA's management team. 

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His responsibilities will include coordinating corporate planning, refining legislative frameworks and regulatory instruments, engaging with industry stakeholders, steering research and public education, and developing policies to establish Hong Kong as a leading insurance hub. 

Additionally, the IA is close to finalising the recruitment for two Executive Directors overseeing Long Term Business and General Business, with an announcement expected soon.