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 Chartered Insurance Institute
 
Title of Training
Date of Training
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 Confederation of Insurance Brokers
 
Title of Training
Date of Training
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
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

 

The Australian and New Zealand Institute of Insurance and Finance

 
Title of Training
Date of Training
To be updated  
 
 
The Hong Kong Federation of Insurers
 
Title of Training
Date of Training
To be updated
 
 

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.

 
Back to top