The Insurance Authority (IA) of Hong Kong has launched a Whitepaper on Federated Learning and unlocking Innovation in the insurance sector. IA plans to propagate balanced regulation and development and foster resilience and sustainability.
Announcing the launch of the Whitepaper at the Hong Kong FinTech Week on 3 November 2025, IA CEO Mr Clement Cheung said, “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 Reand the Whitepaper on Federated Learning.
The 118-page Whitepaper Federated Learning: Unlocking Innovation in the Insurance Sector aims to
enhance the insurance industry’s understanding of Federated learning (FL), with a focus on its potential to help the industry leverage alternative data effectively.
Secondly it sets out to identify and address technical risks, compliance considerations, and governance issues related to the implementation of FL within the insurance sector. Lastly but not the least the Whitepaper describes some PoC applications that utilise FL to extract insights from diverse data sources across the insurance value chain.
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.