Overview

Financial Incentive Scheme for Professional Training ("FIS") currently subsidises eight insurance organisations and training institutes1 in organising high-quality training courses focusing on the functional or topical areas in insurance. FIS aims to provide high-end courses at an affordable cost for insurance practitioners who wish to enhance their professional knowledge.

 


Eligible Applicants#

  • Lingnan University
  • School of Continuing and Professional Education of the City University of Hong Kong
  • School of Professional and Continuing Education of the University of Hong Kong
  • The Australian and New Zealand Institute of Insurance and Finance
  • The Chartered Insurance Institute
  • The Hong Kong Federation of Insurers
  • The Hong Kong Confederation of Insurance Brokers
  • The Professional Insurance Brokers Association
#Applicable to the 5th Round Application
 

4th Round Training & Schedule

Professional Insurance Brokers Association
 
Title of Training
Date of Training
Employees' Compensation and Personal Injuries Claims - An Update 30/11/2020
Legal Principles applicable to Insurance Contract and Corporate Governance 30/11/2020
"Understand Liability Insurances" from Claimants' Perspectives 24/11/2020
Claims on Pleasure Crafts and Yachts 24/11/2020
Essentials Technical Knowledge for Marine Cargo Insurance 23/11/2020
Business Interruption in Supply Chains 19/11/2020
Business Interruption in Supply Chains 18/11/2020
Techniques and Practices for Broking in a Hardening Market to Obtain the Best Results for Clients 11/11/2020
Techniques and Practices for Broking in a Hardening Market to Obtain the Best Results for Clients
10/11/2020
Business Ethics and Trusted Professionals 

29/07/2020

Business Ethics and Trusted Professionals 
28/07/2020
Employees' Compensation and Personal Injuries Claims - An Update
13/07/2020
Essentials Technical Knowledge for Marine Cargo Insurance
13/07/2020
Claims Procedures and Case Study on Marine Cargo Claims Relating to Different Types of Cargoes and Incidents
15/01/2020
Claims Management Series: Public Liability Insurance for Shop
13/01/2020
Insurance Analytics and Their Applications
19/12/2019
Business Ethics and Trusted Professionals
19/12/2019
Employees' Compensation and Personal Injuries Claims - An Update
18/12/2019
Fundamentals of Actuarial Analysis in General Insurance
18/12/2019
Enterprise Risk Management: Concepts and Applications
17/12/2019
Legal Principles applicable to Insurance Contract and Corporate Governance
17/12/2019
Reinsurance: Concepts, Tools and Recent Developments
16/12/2019
Claims relating to Liability under Various Types of Marine Liability Policies as well as P&I Claims
12/12/2019
Anti-Money Laundering and Counter-Terrorist Financing
11/12/2019
"Understand Liability Insurances" from Claimants' Perspectives
11/12/2019
Claims on Pleasure Crafts and Yachts
10/12/2019
Essentials Technical Knowledge for Marine Cargo Insurance
10/12/2019
Claims Management Series: Public Liability Insurance for Shop
29/11/2019
Claims Procedures and Case Study on Marine Cargo Claims Relating to Different Types of Cargoes and Incidents
29/11/2019

 

The Hong Kong Confederation of Insurance Brokers
 
Title of Training
Date of Training
Natural Catastrophic Insurance - Trends and developments of Catastrophic Insurance 22/01/2021
Natural Catastrophic Insurance - Underwriting considerations and claims management 21/01/2021
Insurance Products in General Insurance – New development for the products 08/12/2020
Insurance Products in General Insurance – The importance of product knowledge 07/12/2020
Broking Client Relationship and Performance Management - Customer Relationship Management (CRM) models 04/12/2020
Broking Client Relationship and Performance Management - Environment analysis and roles of brokers 03/12/2020
Infrastructure Construction and Liability – Contracts and Relationships 27/11/2020
Infrastructure Construction and Liability – Overview of infrastructure construction and liability 26/11/2020
Management Distribution & Customers (General Insurance) – Monitoring intermediary performance 20/11/2020
Management Distribution & Customers (General Insurance) – Overview of current insurance intermediary management 19/11/2020
Management of Occupational Health & Safety Risks – Risk management frameworks and Information security 23/10/2020
Management of Occupational Health & Safety Risks – Specific types of occupational health and safety (OHS) risks 22/10/2020
Actuarial Principles and Practice 15/10/2020
Insurance Broking in a Changing Market – Using digital tools and techniques 29/09/2020
Insurance Broking in a Changing Market – Using old school broking techniques 28/09/2020
Dovetailing Financial lines Insurances
25/09/2020
Dovetailing Financial lines InsurancesDovetailing Liability Coverage - Injury and damage exposures
24/09/2020
Advanced Liability Insurance and Claims Management
17/01/2020
Fraud Management
16/01/2020
Drones Insurance
14/01/2020
Facultative and ART – How Do They Support Treaty Reinsurance?
31/10/2019
How Reinsurance Treaties Can Make Your Business Efficient and Profitable?
30/10/2019
Insurance industry cycle: Managing in a hard market
09/10/2019
 
The Hong Kong Federation of Insurers
 
Title of Training
Date of Training
Executive Certificate in Marine Insurance
08/07/2020
 

Participants' Sharings

Media Report Media Date
* Hong Kong Economic Times 8/12/2017
Hong Kong Economic Times 30/10/2018
*only Chinese version available
 

Downloads

 
 

FAQ

About Applications
 
1.  Who are the eligible applicants of the Scheme?
There are eight eligible applicants1 including the Hong Kong Federation of Insurers (HKFI), the Hong Kong Confederation of Insurance Brokers (CIB) the Professional Insurance Broker Association (PIBA), Lingnan University, School of Continuing and Professional Education of the City University of Hong Kong, School of Professional and Continuing Education of the University of Hong Kong, and The Australian and New Zealand Institute of Insurance and Finance and The Chartered Insurance Institute.
 
2.  What are the courses eligible to apply for the Scheme?
Courses of advanced level focusing on technical aspects of insurance business and topical areas arising from the latest developments in insurance industry are eligible for subsidy.  More requirements can be referred to the Guidance Notes of the Scheme.
 
3.  How will the amount of subsidy be decided?  What would be the subsidy ceiling per course?
The actual subsidised amount of each application depends on various factors such as the scale, topic and duration of course, expected number of participants and expenditures, etc.  It will be considered and decided by the Vetting Committee.
 
4.  What is the approval process of the application?
A preliminary screening will be conducted by the Secretariat of the Vetting Committee, while clarification or supplementary information might be sought from the applicant during the screening process.  A meeting of Vetting Committee will be then arranged to consider and assess the submitted application.  A Letter of Acceptance will be issued to successful applicant.
 
5.  What are the assessment criteria of the Scheme?
The detailed assessment criteria can be referred to paragraph 5.6 and 5.7 of the Guidance Notes of the Scheme.
 
6.  Can my organisation submit multiple proposals in an application?
Your organisation is allowed to submit more than one proposal in each application.
 
7.  Any follow up materials are required to hand in after implementation of the approved application?
The applicant is required to submit in a specified schedule the progress report and post-implementation report together with supporting documents reporting the implementation progress and final status on its approved application to the Vetting Committee.
 
8.  Can my organisation withdraw application after submission?
Your organisation should inform Vocational Training Council in writing to withdraw your application at any time before the decision of the Vetting Committee on your application. Government approval is required in the event that your organisation wishes to withdraw after funding approval has been granted. In this case, your organisation will be required to set out the reason and exit plan of withdrawing in writing. The Government reserves the right to claim from your organisation all or part of the fund that have been granted and used by your organisation.
 
9.  Can my organisation change the application details, such as venue, topics, against the approved application during process?
Any modification, amendment or addition to the approved application by your organisation shall require approval by the Vetting Committee.
 
10.  When will the Scheme invites application?
The application for the Scheme will open at least once each year during the implementation period of the Pilot Programme to all eligible applicants.  Schedule and rounds of application will be subject to the funding availability of the Scheme in each year.
 
About insurance practitioners
 
11.  Will the courses under the Scheme qualify for CPD hours?
There is no specific requirement on the CPD accreditation for the subsidised courses under the Scheme. Participant should pay attention to the CPD information provided by the organisers.
 
12.  How much are the courses under the Scheme?
The registration fee of the subsidised courses depends on different organisers.
 
13.  How can I enroll to the courses under the Scheme?
You should directly enroll through the organisers.
 
14.  Can practitioners enroll to multiple courses under the Scheme?
There is no quota on the total number of subsidised courses enrolled by participant.
 
15.  Where can I check the courses offering under the Scheme?
Schedule of the subsidised courses under the 4th round of FIS can be found at this website. For more information and registration, please refer to the website of the organisers, which are HKFI's website (www.hkfi.org.hk), CIB's website (www.hkcib.org) and PIBA's website (www.piba.org.hk). The 5th round of FIS is currently open for application. Schedule of courses under the 5th round will be released on this website upon completion of the vetting exercise.
 
 

[1] Eligible applicants in the 1st to 4th rounds of FIS included three insurance organisations, i.e. the Hong Kong Federation of Insurers, the Hong Kong Confederation of Insurance Brokers and Professional Insurance Brokers Association. Starting from the 5th round, eligible applicants have been extended to include five professional insurance organisations or training institutes which have organised FIS courses in collaboration with the aforesaid three insurance organisations.  For the full list of eligible applicants, please refer to the section of Eligible Applicants in this webpage.

 
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