Insurance Authority champions balanced regulation and development to foster resilience and sustainability at the Hong Kong FinTech Week
3 November 2025
The Insurance Authority (IA) today (3 November 2025) announced at the Hong Kong FinTech Week publication of the Whitepaper on Federated Learning1: Unlocking Innovation in the Insurance Sector2.
Mr Clement Cheung, Chief Executive Officer of the IA, pointed out that “Given the rapidly evolving market landscape, financial regulators must navigate in a balanced and enlightened manner to promote inclusive and responsible innovation. Seen in this context, Federated Learning plays a useful role in enabling cross-sector data collaboration without compromising personal privacy.”
In his keynote presentation, Mr Cheung also highlighted a series of initiatives spearheaded by the IA to strengthen operational resilience while promoting adoption of advanced technologies that included the Open API Framework, the Cyber Resilience Assessment Framework, the AI Cohort Programme and the Whitepaper on Federated Learning.
Furthermore, the InsurTech Forum co-hosted by the IA and InvestHK presented engaging panel discussions to explore how innovation has reshaped marketing strategy, corporate culture and customer experience for the insurance industry.
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Note:
1 Federated Learning is a machine learning technique that enables artificial intelligence models to be trained on decentralised datasets residing on devices or servers, thereby complying with data privacy regulations while facilitating collaboration across different entities and sectors.
2 Developed by the Hong Kong Applied Science and Technology Research Institute with support of the IA. For more details, please refer to the press release at https://www.astri.org/our-news/press-releases/.
Mr Clement Cheung, Chief Executive Officer of the IA, delivers his keynote presentation at the Hong Kong FinTech Week 2025.
Mr Clement Cheung, Chief Executive Officer of the IA, highlights the IA’s dual approach to balance regulation and development to foster resilience and sustainability.
The IA and the Hong Kong Applied Science and Technology Research Institute(ASTRI) jointly publish the “Whitepaper on Federated Learning: Unlocking Innovation in the Insurance Sector”. Pictured at the IA’s AI Cohort Programme Launch Ceremony on 18 August 2025: (from left) Mr Clement Cheung, Chief Executive Office of the IA; Mr Stephen Yiu, Chairman of the IA; and Ir Dr Ted Suen, Chief Executive Officer of ASTRI.