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
|
| Project Cargo Risk Management and Claims Handling (Part 2) | 26/03/2021 |
| Project Cargo Risk Management and Claims Handling (Part 1) | 25/03/2021 |
| Claims Relating to Liability under Various Types of Marine Liability Policies as well as P&I Claims | 25/03/2021 |
| 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
|
| Management of Environmental Risks – Environmental risk management | 31/03/2021 |
| Management of Environmental Risks – The impact of environmental exposures on business and community | 30/03/2021 |
| 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
|
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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.
