Following the retirement of FSC Insurance Bureau Director-General Shih Chiung-hwa on 16 July 2024, FSC Counselor Li-hui Wang was promoted to assume Shih's vacated position, and Insurance Bureau Deputy Director-General Chih-hsien Lin was transferred to assume the position of Director-General. The personnel changes were approved by the Executive Yuan on 8 July 2024, and took effect on 16 July 2024.