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
5th Round Training & Schedule
The Australian and New Zealand Institute of Insurance and Finance
|
Title of Training
|
Date of Training
|
| Risk Management Practice for Hong Kong Corporations and Work Injury Risk Mitigation | 08/10/2022 |
The Chartered Insurance Institute
|
Title of Training
|
Date of Training
|
| Role of Ethics in Building Trust | 30/08/2022 |
| Reimagining Insurance - Digital Transformation and Ethical Use of Artificial Intelligence | 22/08/2022 & 23/08/2022 |
| Insurance Fraud: A comprehensive course for all insurance professionals Day 2 |
18/08/2022 & 19/08/2022
25/08/2022 & 26/08/2022
|
| Insurance Fraud: A comprehensive course for all insurance professionals Day 1 |
17/08/2022 & 18/08/2022
24/08/2022 & 25/08/2022
|
| Insurance Law: Legal Principles and Insurance Contracts | 28/07/2022 |
| Insurance Law: Legal Principles and Insurance Contracts |
09/06/2022 & 10/06/2022
|
| The Law of Contract and Torts |
01/06/2022 & 02/06/2022
|
| Understanding the CECR Policy - To get the best coverage for operational civil engineering risks |
26/05/2022
|
| Artificial Intelligence in Insurance |
22/03/2022 & 23/03/2022
|
| Industrial All Risks (IAR) Policy – with a special segment on Machinery Breakdown coverage Day 2 | 11/11/2021 |
|
Industrial All Risks (IAR) Policy – with a special segment on Machinery Breakdown coverage Day 1
|
10/11/2021
|
| Construction Risks for the Insurance Practitioners - CAR & EAR Day 2 | 31/08/2021 |
|
Construction Risks for the Insurance Practitioners - CAR & EAR Day 1
|
30/08/2021
|
| Claims Handling: Essential laws and skills Day 2 | 27/07/2021 & 28/07/2021 |
| Claims Handling: Essential laws and skills Day 1 | 20/07/2021 & 21/07/2021 |
| Construction Risks for the Insurance Practitioners - CAR & EAR Day 2 | 29/06/2021 |
|
Construction Risks for the Insurance Practitioners - CAR & EAR Day 1
|
28/06/2021
|
The Hong Kong Federation of Insurers
|
Title of Training
|
Date of Training
|
|
Executive Certificate in Marine Insurance |
16/02/2022 |
The Hong Kong Confederation of Insurance Brokers
|
Title of Training
|
Date of Training
|
| Fine Arts and Specie Insurance | 23/08/2022 |
|
High Net Worth Household Insurance
|
22/08/2022 |
|
Reinsurance Wordings – Proportional Treaty and Facultative
|
17/08/2022 |
|
Reinsurance Wordings – Non-Proportional
|
16/08/2022 |
|
Advanced Reinsurance: Using Reinsurance in an Effective Manner – A different view of Reinsurance Products and the Current Market place
|
12/08/2022 |
|
Advanced Reinsurance: Using Reinsurance in an Effective Manner – Core Products and Pricing
|
11/08/2022 |
|
Dealing with Theft, Money and Fidelity Insurance – Delivering on the promise, claims
|
26/07/2022 |
|
Dealing with Theft, Money and Fidelity Insurance – Theft, Money and Fidelity insurance fundamentals
|
25/07/2022 |
|
Claims Handling - Post-Claim Considerations
|
07/07/2022 |
|
Claims Handling - Principles that Relate to Claims
|
06/07/2022 |
| Understanding Captives | 27/06/2022 |
|
Commercial Property and Business Interruption Insurance – Business Interruption
|
22/06/2022 |
|
Commercial Property and Business Interruption Insurance – Commercial Property
|
21/06/2022 |
|
Contractor All Risks – The Coverage
|
25/05/2022 |
|
Contractor All Risks – The Exposure
|
24/05/2022 |
|
Professional Indemnity Insurance – The Different Professionals
|
13/05/2022 |
|
Professional Indemnity Insurance – The Basics
|
12/05/2022 |
|
Business Interruption insurance - Coverage issues, recent policy disputes and claims
|
29/04/2022 |
|
Business Interruption insurance - Getting the Numbers Right
|
28/04/2022 |
| Advanced Client Relationship Management– Optimizing client relationships | 29/03/2022 |
| Advanced Client Relationship Management– Establishing client relationships | 28/03/2022 |
| Engineering Insurance and Inspection - policy coverage | 25/02/2022 |
| Engineering Insurance and Inspection - why are they required | 24/02/2022 |
| Reinsurance 101 – Reinsurance in Practice | 22/02/2022 |
| Reinsurance 101 – Reinsurance Theory | 21/02/2022 |
| Principles and Practice of Insurance - Deep Understanding of Claims | 12/01/2022 |
| Principles and Practice of Insurance - Deep Understanding of Placing and Underwriting | 11/01/2022 |
|
Marine Cargo Claims
|
16/12/2021
|
|
Marine Cargo Insurance - Insuring Conditions
|
15/12/2021
|
|
Marine Cargo Underwriting
|
14/12/2021
|
|
Marine Cargo Insurance - The Law and International Conventions and Finance
|
13/12/2021
|
|
Directors and Officers Insurance - Coverage Developments
|
10/12/2021
|
|
Directors and Officers Insurance - the Changing Exposure
|
09/12/2021
|
|
Cyber Insurance – Creating customer value: Business risks and exposures
|
02/12/2021
|
|
Cyber Insurance – The Cyber landscape: Security and Incidents
|
01/12/2021
|
| The Science of Risk Management | 23-26/11/2021 |
| Extreme weather events & climate change - emerging liability risk (potential impact to insurance in the future | 03/11/2021 |
| Extreme weather events & climate change - emerging liability risk (increased climate related litigation) | 02/11/2021 |
| London Market Legal Aspects - How is business is placed and claims are collected in the London insurance market and how it is developing | 17/09/2021 |
| London Market Legal Aspects - Who is who in the London insurance market | 16/09/2021 |
| Broking Service - Handling customer complaints and feedback | 10/09/2021 |
| Broking Service - Creating customer value | 09/09/2021 |
|
Typhoon and Catastrophe Insurance – Delivering on the promise, claims
|
19/08/2021
|
|
Typhoon and Catastrophe Insurance - Principles and Modelling
|
18/08/2021
|
|
Marine Hull Claims
|
05/08/2021
|
|
Marine Hull - Insuring Conditions and Clauses
|
04/08/2021
|
|
Marine Hull Underwriting
|
29/07/2021
|
|
Marine Hull - Law and Regulatory Environment
|
28/07/2021
|
Professional Insurance Brokers Association
|
Title of Training
|
Date of Training
|
|
Insurance Management and Legal Studies Series Corporate Risk Management
|
29/08/2022 |
|
Construction Insurance
|
26/08/2022 |
|
Insurtech - Disruptions to the Non-life Market Caused by Emerging Technology
|
25/08/2022 |
|
Small and Medium Enterprises (SME) Risk Management Practice and Legal Liability Mitigation
|
12/08/2022 |
|
Liability Claims Relating to Pleasure Crafts, Yachts, Vessels and Barges
|
12/08/2022 |
| Insurance Mgt and Legal Studies Series Litigation, Arbitration, Mediation and Negotiation – Application in HK Insurance Market | 05/08/2022 |
|
Insurance Mgt and Legal Studies Series Litigation, Arbitration, Mediation and Negotiation – Application in HK Insurance Market
|
22/07/2022 |
|
Claims on Pleasure Crafts, Yachts, Vessels and Barges
|
07/07/2022 |
|
Construction Insurance
|
22/06/2022 |
|
Insurance Management & Legal Studies Series Insurance Operations Management
|
08/06/2022 |
|
Insurance Management & Legal Studies Series Legal Issues of Employees' Compensation Insurance
|
26/05/2022 |
|
Small and Medium Enterprises (SME) Risk Management Practice and Legal Liability Mitigation
|
20/05/2022 |
|
Claims Management Series Advanced 3rd Party Liability Insurance for Property Mgt
|
05/05/2022 |
|
Liability Claims relating to Logistics & Shipping of Cargoes and Containers
|
05/05/2022 |
|
Claims Management Series Advance Motor Insurance
|
03/05/2022 |
|
Employees' Compensation & Personal Injuries Claims - An Update
|
27/04/2022 |
|
Leading a Multi-Generation Workforce in the Insurance Industry
|
20/04/2022 |
|
Cargo Claims Procedures and Case Study on Different Types of Cargoes and Incidents
|
14/04/2022 |
|
How to Prevent Delay in Cargo Claim
|
07/04/2022 |
| Insurtech - Challenges to the Insurance Intermediaries | 15/03/2022 |
| Claims Management Series Advanced 3rd Party Liability Insurance for Property Management | 07/03/2022 |
| Insurance Management and Legal Studies Series Corporate Risk Management | 28/02/2022 |
| Insurance Management & Legal Studies Series Legal Issues of Employees' Compensation Insurance | 23/02/2022 |
| Insurance Management & Legal Studies Series Insurance Operations Management | 15/02/2022 |
| Liability Claims Relating to Pleasure Crafts, Yachts, Vessels and Barges | 27/01/2022 |
| Litigation, Arbitration, Mediation and Negotiation – application in HK insurance market | 12/01/2022 |
| Essentials Technical Knowledge for Marine Cargo Insurance | 07/01/2022 |
| Claims Management Series Advanced Motor Insurance | 04/01/2022 |
| Construction Insurance | 20/12/2021 |
| Claims on Pleasure Crafts, Yachts, Vessels and Barges | 16/12/2021 |
| Insurtech - Disruptions to the Non-life Market Caused by Emerging Technology | 06/12/2021 |
| Liability Claims relating to Logistics and Shipping of Cargoes and Containers | 02/12/2021 |
| Understand Property and Liability Insurance From Claimants' Perspectives | 30/11/2021 |
| Leading a Multi-Generational Workforce in the Insurance Industry | 24/11/2021 |
| Employees’ Compensation and Personal Injuries Claims - An Update | 17/11/2021 |
| Understand Property and Liability Insurance From Claimants' Perspectives | 08/11/2021 |
| Understand Property and Liability Insurance From Claimants' Perspectives | 22/10/2021 |
| How to Prevent Delay in Cargo Claim | 15/10/2021 |
| Understand Property and Liability Insurance From Claimants' Perspectives | 05/10/2021 |
| Cargo Claims Procedures and Case Study on Different Types of Cargoes and Incidents | 20/09/2021 |
| Small and Medium Enterprises (SME) Risk Management Practice and Legal Liability Mitigation | 16/09/2021 |
| Insurance Management and Legal Studies Series Corporate Risk Management | 15/09/2021 |
| Insurance Management & Legal Studies Series Legal Issues of Employees' Compensation Insurance | 14/09/2021 |
| Insurance Management & Legal Studies Series Insurance Operations Management | 13/09/2021 |
| Insurtech - Challenges to the Insurance Intermediaries | 08/09/2021 |
| Insurance Management and Legal Studies Series: Litigation, Arbitration, Mediation and Negotiation – application in HK insurance market | 23/08/2021 |
| Liability Claims Relating to Pleasure Crafts, Yachts, Vessels and Barges | 17/08/2021 |
| Employees' Compensation and Personal Injuries Claims - An Update | 12/08/2021 |
| Leading a Multi-Generational Workforce in the Insurance Industry | 11/08/2021 |
| Anti-Money Laundering and Counter-Terrorist Financing | 10/08/2021 |
| Claims Management Series: Advanced 3rd Party Liability Insurance for Property Mgt | 03/08/2021 |
| Claims on Pleasure Crafts, Yachts, Vessels and Barges | 27/07/2021 |
| Liability Claims relating to Logistics and Shipping of Cargoes and Containers | 20/07/2021 |
| Insurtech - Disruptions to the Non-life Market Caused by Emerging Technology | 15/07/2021 |
| Claims Management Series Advance Motor Insurance | 14/07/2021 |
| Essential Technical Knowledge for Marine Cargo Insurance | 13/07/2021 |
| How to Prevent Delay in Cargo Claim | 06/07/2021 |
| Small and Medium Enterprises (SME) Risk Management Practice and Legal Liability Mitigation | 25/06/2021 |
| Insurance Management & Legal Studies Series Insurance Operations Management | 24/06/2021 |
| Insurance Management and Legal Studies Series Corporate Risk Management | 23/06/2021 |
| Construction Insurance | 22/06/2021 |
| Insurance Management & Legal Studies Series Legal Issues of Employees' Compensation Insurance | 21/06/2021 |
| Essential Technical Knowledge for Marine Cargo Insurance | 16/06/2021 |
| Insurtech - Challenges to the Insurance Intermediaries | 10/06/2021 |
| Cargo Claims Procedures and Case Study on Different Types of Cargoes and Incidents | 09/06/2021 |
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 5th round of FIS can be found at this website. For more information and registration, please refer to the website of the organisers, which are ANZIIF, CII, HKFI, CIB and PIBA.
[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.
