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
6th 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
|
| Comprehensive Course of Insurance Principles and Practice (Part 2) | 31/10/2024 |
| Sustainable Risk Management | 25/10/2024 |
| Comprehensive Course of Insurance Principles and Practice (Part 1) | 24/10/2024 |
| Digitalization of Insurance and Distribution Trends | 18/10/2024 |
| Embracing the Opportunities of Digital Assets | 08/10/2024 |
| Role of Ethics in Building Trust | 07/10/2024 |
| Sustainable Insurance and the Impact of Climate Change on Insurance | 06/09/2024 |
| Parametric Insurance | 05/09/2024 |
| ESG in Insurance | 04/09/2024 |
| Insurance Law: Legal Principles and Insurance Contracts | 03/09/2024 |
| The Law of Contract and Torts |
02/09/2024
|
| Cargo Insurance | 28/08/2024 |
| Marine Insurance | 27/08/2024 |
| ESG in Insurance | 20/08/2024 |
| Role of Ethics in Building Trust | 11/07/2024 |
| Money Laundering: Rules, Regulation and Practice in Hong Kong | 20/06/2024 |
| Regulation of Data and Artificial Intelligence in Insurance: A Hong Kong and Global Perspective | 19/06/2024 |
| Artificial Intelligence & Customer Trust in Insurance | 18/06/2024 |
| The Psychology of Insurance Fraud | 17/06/2024 |
| Insurance Law: Legal Principles and Insurance Contracts | 27/03/2024 |
| The Law of Contract and Torts |
26/03/2024
|
| Comprehensive Course of Insurance Principles and Practice |
25/03/2024
14/03/2024
31/01/2024
|
The Hong Kong Federation of Insurers
|
Title of Training
|
Date of Training
|
|
Executive Certificate in Insurance Leadership Acceleration |
20/04/2024 |
The Hong Kong Confederation of Insurance Brokers
|
Title of Training
|
Date of Training
|
| Life Insurance Underwriting and Claims | 23/10/2024 - 24/10/2024 |
| Life Insurance and Insurance Products | 16/10/2024 - 17/10/2024 |
| High Net Worth Household Insurance - Ensuring High Net Worth Coverage Customers get the Protection and Service they required | 12/09/2024 |
| High Net Worth Household Insurance - The Product and the Target Market | 11/09/2024 |
| Property All Risk Insurance and Business Interruption - Business Interruption | 29/08/2024 |
| Property All Risk Insurance and Business Interruption - Commercial Property | 28/08/2024 |
| Contractor All Risks - The coverage | 22/08/2024 |
| Contractor All Risks - The exposure | 21/08/2024 |
| The Global Human Resource Challenge for the Insurance Sector | 14/08/2024 |
| Advances in technology that are/will impact the Asian Insurance market | 08/08/2024 |
| Fires, floods, earthquakes and typhoons – where to from here | 24/07/2024 |
| Natural Catastrophic Insurance – Underwriting Considerations and Claims Management |
21/06/2024 |
| Natural Catastrophic Insurance – Trends and Developments of Catastrophic Insurance |
20/06/2024 |
| Understanding Captives | 06/06/2024 |
| Advanced Reinsurance |
04/06/2024 & 05/06/2024
|
| Underwriting at Lloyd's – How a risk is written at the Box in Lloyd's | 21/05/2024 |
| Underwriting at Lloyd's – How underwriting began, how it is transacted today and what it's like to underwrite in the oldest insurance market in the world | 20/05/2024 |
| Lloyd's and the London Market – Challenges the market faces and how Lloyd's is dealing with these | 07/05/2024 |
| Lloyd's and the London Market – History of the market and how it operates | 06/05/2024 |
| Professional Indemnity and Directors and Officers Insurance - Directors & officers liability (Management liability) insurance | 18/04/2024 |
| Professional Indemnity and Directors and Officers Insurance - Professional indemnity insurance | 17/04/2024 |
| Crime Insurance | 10/04/2024 |
| Trends and Developments of Global General Insurance Market | 19/03/2024 |
| Effective Communication with Underwriters | 18/03/2024 |
| Underwriting Project Cargo insurance - Insuring Conditions and Claims | 13/03/2024 |
| Underwriting Project Cargo insurance - The Risk Environment | 12/03/2024 |
| Reinsurance 101 – Reinsurance Theory | 29/02/2024 |
| Reinsurance 101 – Reinsurance in Practice | 28/02/2024 |
| Reflections on COVID19 - How can brokers ensure that customers have the business interruption coverage they expect - Policy coverage and claims | 22/02/2024 |
| Reflections on COVID19 - How can brokers ensure that customers have the business interruption coverage they expect - How Business interruption insurance is designed to operate | 21/02/2024 |
| Policy Wordings and Preparation – Getting them right | 30/01/2024 |
|
Policy Wordings and Preparation – Legal implications of policy wordings
|
29/01/2024 |
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 | 18/10/2024 |
| Understanding Cybersecurity and GL20 Cybersecurity Guidelines | 04/10/2024 |
| Professional Mediation for Professional Insurance Industry | 27/09/2024 |
| Impact of Cybersecurity on ESG | 20/09/2024 |
| Trust and Family Office | 13/09/2024 |
| Advance Business Interruption Insurance | 12/09/2024 |
| Anti-Money Laundering | 30/08/2024 |
| Environmental Insurance: Environmental Risks | 19/08/2024 |
| Business Interruption Insurance | 09/08/2024 |
| Cargo Claims | 02/08/2024 |
| Product Safety and Product Liability | 19/07/2024 |
| Understanding Cybersecurity and GL20 Cybersecurity Guidelines | 05/07/2024 |
| Legal Principals applicable to Insurance Contract and Corporate Governance | 28/06/2024 |
| Professional Indemnity and Directors and Officers Insurance | 21/06/2024 |
| Cyber security risk - all you need to know about Cyber Risks | 14/06/2024 |
| ESG and Risk Management in Insurance Indusrty | 07/06/2024 |
| Insurance Business and Finance | 24/05/2024 |
|
Impact of Cybersecurity on ESG
|
17/05/2024 |
|
Cyber Risk Insurance
|
10/05/2024 |
|
Trust and Family Office
|
03/05/2024 |
|
Contractors All Risks
|
26/04/2024 |
|
Construction Insurance
|
19/04/2024 |
|
Understanding Cybersecurity and GL20 Cybersecurity Guidelines
|
12/04/2024 |
|
ESG and Risk Management in Insurance Industry
|
05/04/2024 |
|
Legal Principles and Insurance Contracts
|
22/03/2024 |
|
Risk, Insurance & Legal Principles
|
08/03/2024 |
|
Trust and Family Office
|
04/03/2024 |
|
Privacy Protection and Cross Border Data Protection
|
26/02/2024 |
|
Fraud Management
|
22/02/2024 |
|
Impact of Cybersecurity on ESG
|
02/02/2024 |
|
ESG and Risk Management
|
30/01/2024 |
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.
