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 7th Round Application
 

7th Round Training & Schedule

 

The Australian and New Zealand Institute of Insurance and Finance

 
Title of Training
Date of Training
To be updated  
 
The Chartered Insurance Institute
 
Title of Training
Date of Training
AI in Insurance: Leveraging Artificial Intelligence for Enhanced Risk Management and Customer Engagement 27/02/2025
Climate Change/Breakdown: Addressing Challenges and Innovating Insurance Solutions 26/02/2025
Polycrisis: Redefining Risk Management for a Changing World 25/02/2025
Energy Insurance Training  17/02/2025
Trusts and Success Planning for High-net worth (HNW) and Ultra high-net worth (UHNW) clients 17/01/2025
Fundamentals of Family Office and Asset Allocation for High net worth (HNW) and Ultra High net worth (UHNW) clients 16/01/2025
The History and Transformation of China Insurance 12/12/2024
Insurance Law 11/12/2024
 
 
The Hong Kong Federation of Insurers
 
Title of Training
Date of Training
To be updated

 

 
 
The Hong Kong Confederation of Insurance Brokers
 
Title of Training
Date of Training
Advanced Succession Planning Strategies for UHNWIs and Families, Multi-Jurisdictional and Complex Clients 19/03/2025
Drone Insurance - Part 2 13/03/2025
Drone Insurance - Part 1 12/03/2025
Fine Arts and Specie Insurance  26/02/2025
The Compliance and Ethics of Succession Planning Strategies 19/02/2025
Engineering Insurance and Inspection 12/02/2025
Succession Planning Strategies Through Life Insurance 22/01/2025
Directors and Officers Insurance 10/12/2024
 
 
Professional Insurance Brokers Association
 
Title of Training
Date of Training
Fraud Management 07/03/2025
Cybersecurity Challenges in the Era of Artificial Intelligence for Finance and Insurance Industry 28/02/2025
China Insurance Law 13/02/2025
Product Safety and Product Liability Insurance 22/01/2025
Compliance with the Insured's Data Protection in HK, the Mainland and GBA 08/01/2025
ESG Reporting Requirements and New Trends for Finance and Insurance Industry 03/12/2024
Understand Divergent Views on Insurance Claims by Case Studies 29/11/2024
 

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 6th 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.

 
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