The Hong Kong Federation of Insurers (HKFI) has appointed Selina Lau as its chief executive over the weekend.

The new chief will work with the HKFI governing committee, the committees of the constituent bodies and member insurers to promote insurance and help develop the industry for the benefit of the people and the economy of Hong Kong, the federation said in a statement.

The appointment, effective from 1 February, comes as Hong Kong's economy reels from months of protests and the spread of coronavirus. «We are confident of her ability to lead the HKFI through the major challenges and opportunities ahead and her capability to make a significant contribution to the strategic development of the HKFI,» said HKFI chairman Praveen Daswani.

Engagement On Major Issues

«We are confident that with Selina’s profound understanding of and deep-rooted passion for the industry, she will act effectively as a platform for engagement and represent the HKFI on major issues affecting insurance and the insuring public at large,» said Eric Hui, HKFI deputy chairman.

Lau joined the HKFI in 1997 and is currently the HKFI’s general manager–Communications & Committee. She is responsible for all internal communications within the HKFI and external engagement with local and overseas stakeholders. In addition to overseeing the operations of close to 40 committees under the HKFI, she also spearheaded a number of significant projects and initiatives for the industry.