Overview

Financial Incentive Scheme for Professional Training ("FIS") subsidises the three Self-Regulatory Organisations ("SROs"), i.e. the Insurance Agents Registration Board ("IARB") (including the Hong Kong Federation of Insurers, which sets up the IARB), the Hong Kong Confederation of Insurance Brokers and Professional Insurance Brokers Association, 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

  • Professional Insurance Brokers Association
  • The Hong Kong Confederation of Insurance Brokers 
  • The Hong Kong Federation of Insurers
 

4th Round Training & Schedule

Professional Insurance Brokers Association
 
Title of Training Date of Training
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
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

Guidance Notes for Application (Jan 2019 - Application Closed)
Application Form (Jan 2019 - Application Closed)
 
 

FAQ

About SROs
 
1.  Who are the eligible applicants of the Scheme?
The eligible applicants are the three Self-Regulatory Organisations (SROs) of insurance industry, i.e. the Insurance Agents Registration Board (IARB) (including the Hong Kong Federation of Insurers (HKFI) which sets up the IARB), the Hong Kong Confederation of Insurance Brokers (CIB) and the Professional Insurance Broker Association (PIBA).
 
2.  What are the courses or training programmes eligible to apply for the Scheme?
Courses or training programmes 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 or training programme?
The actual subsidised amount of each application depends on various factors such as the scale, topic and duration of course or training programme, 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 or training programmes under the Scheme qualify for CPD hours?
There is no specific requirement on the CPD accreditation for the subsidised courses or training programmes under the Scheme. Participant should pay attention to the CPD information provided by the organisers.
 
12.  How much are the courses or training programmes under the Scheme?
The registration fee of the subsidised courses or training programmes depends on different organisers.
 
13.  How can I enroll to the courses or training programmes under the Scheme?
You should directly enroll through the organisers, i.e. HKFI, CIB and PIBA.
 
14.  Can practitioners enroll to multiple courses or training programmes under the Scheme?
There is no quota on the total number of subsidised courses or training programmes enrolled by participant.
 
15.  Where can I check the courses or training programmes offering under the Scheme?
The details and schedule of the subsidised courses or training programmes can be found at this website. More information and registration, please refer to the website of the three SROs, which are HKFI's website (www.hkfi.org.hk), CIB's website (www.hkcib.org) and PIBA's website (www.piba.org.hk).
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