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Dr FUNG Wing Hong, Derrick

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學術及行政人員
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Dr FUNG Wing Hong, Derrick
馮穎康博士

PhD (CUHK)
MSc (HKUST)
BSc (HKU)
FSA (Society of Actuaries)
CERA (Society of Actuaries)

icosEmail: derrickfung@hsu.edu.hk
icosTel: (852) 3963 5229
icosOffice : D606

Associate Head and Assistant Professor
MSc-INS Programme Director

Dr Fung obtained his BSc in Actuarial Science from the University of Hong Kong, MSc in Financial Mathematics from the Hong Kong University of Science and Technology, and PhD in Finance from the Chinese University of Hong Kong. He is also a Fellow of the Society of Actuaries (FSA) and Chartered Enterprise Risk Analyst (CERA). Before joining HSUHK, he was a Manager at the Insurance Authority and has eight years of industry experience. He is familiar with insurance regulations, life insurance supervision, compliance, and risk-based capital.

Research Interests Service and Professional Experience Publications Research Grants

Research Interests

  1. Insurance regulation
  2. Risk management
  3. Corporate finance for insurers

Service and Professional Experience

……….Professional Experience……….

  1. Manager, Insurance Authority

 

……….Professional Qualifications……….

  1. Fellow of the Society of Actuaries (FSA)
  2. Chartered Enterprise Risk Analyst (CERA)

Publications

……….Journal Articles……….

  1. Fung, D. W. H., Wei, P., and Yang, C. C. 2023. State Subsidized Reinsurance Programs: Impacts on Efficiency, Premiums, and Expenses of the U.S. Health Insurance Markets. European Journal of Operational Research 306(2), 941-954.
  2. Alzubi, J., Fung, D. W. H., Yang, C. C., and Yeh, J. J. H. 2022. Improving Health Insurance Markets: Cost Efficiency, Implementation, and Financing of Expanding Association Health Plans. Review of Quantitative Finance and Accounting 59(2), 671-694.
  3. Frederick, J. D., Fung, D. W. H., Yang, C. C., and Yeh, J. J. H. 2022. Individual Health Insurance Reforms in the U.S.: Expanding Interstate Markets, Medicare for All, or Medicaid for All? European Journal of Operational Research 297(2), 753-765.
  4. Lee, W. Y., and Fung, D. W. H. 2021. Optimal Effort on Self-Insurance-Cum-Protection: A New Analysis Using Yaari’s Dual Theory. Mathematics 9(22), Article 2853.
  5. Fung, D. W. H., Jou, D., Shao, A. J., and Yeh, J. J. H. 2021. The Informativeness of Embedded Value Reporting to Stock Price. Accounting and Finance 61(4), 5341-5376.
  6. Wu, Q., Tang, M. L., Fung, D. W. H., Tian, G. L. 2020. Poisson Item Count Techniques with Noncompliance. Statistics in Medicine 39(29), 4480-4498.
  7. Fung, D. W. H., Lee, W. Y., Yeh, J. J. H., and Yuen, F. L. 2020. Friend or Foe: The Divergent Effects of FinTech on Financial Stability. Emerging Markets Review 45, Article 100727.
  8. Yuen, F. L., Lee, W. Y., and Fung, D. W. H. 2020. A Cyclic Approach on Classical Ruin Model. Insurance: Mathematics and Economics 91, 104-110.
  9. Fung, D. W. H., Jou, D., Shao, A. J., and Yeh, J. J. H. 2018. The Implications of the China Risk-Oriented Solvency System on the Life Insurance Market. The Geneva Papers on Risk and Insurance – Issues and Practice 43(4), 615-632.
  10. Fung, D. W. H., and Yeh, J. J. H. 2018. Imperative Virtue or Inevitable Evil: The Effects of Directors’ and Officers’ Insurance on Firm Value. Risk Management and Insurance Review 21(2), 243-288. (This paper won the Risk Management and Insurance Review Award for Best Article by the American Risk and Insurance Association)
  11. Chow, Y. F., Fung, D. W. H., and Yeh, J. J. H. 2018. CDS Spreads, Systemic Risk, and Global Systemically Important Insurers Designations. Journal of Insurance Regulation 37, 1-33.
  12. Fung, D. W. H., and Yeh, J. J. H., 2018. Is the New Regulation Successful in Reducing Systemic Risk of Global Systemically Important Insurers? Empirical Evidence from Insurers around the Globe. Journal of Insurance Issues 41(1), 57-110.
  13. Fung, D. W. H., Jou, D., Shao, A. J., and Yeh, J. J. H., 2018. The China Risk-Oriented Solvency System: A Comparative Assessment with Other Risk-Based Supervisory Frameworks. Geneva Papers on Risk and Insurance: Issues and Practice 43(1), 16-36.

 

 

……….Conference Proceedings……….

  1. Fung, D. W. H., Yang, C. C., and Yeh, J. J. H. Market-Consistent or Market Sentiment: An Examination of the Informativeness of Embedded Value Accounting, Conference Proceedings of CICIRM2020/2021.
  2. Fung, D. W. H., Lee, W. Y., Yeh, J. J. H., and Yuen, F. L. Does the Marriage of Finance and Technology Disrupt Financial Stability? Empirical Evidence from the Introduction of FinTech Regulatory Sandboxes, Conference Proceedings of CICIRM2019.

 

 

……….Teaching Cases……….

  1. Fung, D. W. H. 2023. Identifying Poorly Performing Listed Firms Using Data Analytics. International Journal of Engineering Business Management 15, DOI: 10.1177/18479790231165603.

Research Grants

  1. (Emerging Issues Research Pool) US$19,600. “Does Enterprise Risk Management Enhance Insurers’ Resilience? Empirical Evidence from the COVID-19 Pandemic Period,” funded by the Society of Actuaries May 2023 to December 2024. (PI)
  2. (Research Matching Grant Scheme) HK$4,236,970. “Blockchain-Based Insurance and Financial Products Recommendation: Affordances and Actualisations,” funded by University Grants Committee (UGC) March 2022 to February 2024. (Co-I)
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