• School of Humanities & Social Science

    • Dr FUNG Wing Hong, Derrick （馮穎康博士）
    BSc (HKU)
    MSc (HKUST)
    PhD (CUHK)
    FSA (Society of Actuaries)
    CERA (Society of Actuaries)

    Assistant Professor
    Programme Director of MSc-INS Programme
    Department of Mathematics, Statistics and Insurance
    Associate Dean (Graduate Studies) of School of Decision Sciences

    Tel : (852) 3963 5229
    Email :
    derrickfung@hsu.edu.hk


    Dr Fung is Assistant Professor of the Department of Mathematics, Statistics and Insurance at The Hang Seng University of Hong Kong. He 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 InterestsService and Professional ExperiencePublications
    TopResearch Interests
    • Insurance regulation
    • Risk management
    • Corporate finance for insurers
    TopService 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)
    TopPublications

    ..........Journal Articles..........

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. 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.
    10. Chow, Y. F., Fung, D. W. H., and Yeh, J. J. H. CDS Spreads, Systemic Risk, and Global Systemically Important Insurers Designations. Journal of Insurance Regulation, accepted.
    11. 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.
    12. Fung, D. W. H., Jou, D., Shao, A. J., and Yeh, J. J. H., 2017. 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.

    ..........Journal Articles..........

    1. 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, Chengdu, China, 2019.
    2. Fung, D. W. H., Does the Marriage of Finance and Technology Disrupt Financial Stability? Empirical Evidence from the Introduction of FinTech Regulatory Sandboxes, Chengdu, China, 2019.