Financial Services and the Treasury Bureau

It is a policy objective of Financial Services and the Treasury Bureau ("FSTB") to strengthen Hong Kong's financial services industry. To this end, FTSB has initiated the Insurance Pilot Programme to help promote the insurance industry, enhance the professional competence and knowledge of in-service practitioners and, in particular, train up more talent for middle- and back-offices.
 
FSTB chairs a Steering Committee to oversee implementation of the Insurance Pilot Programme.  A Working Group on the Public Education Programme ("Working Group") and a Vetting Committee on the Financial Incentive Scheme for Professional Training ("Vetting Committee") have also been set up under the Steering Committee.
 

Steering Committee

To ensure all the initiatives under the Insurance Pilot Programme meet the needs of the industry, a Steering Committee with representatives from the three Self-Regulatory Organisations ("SROs"), i.e. the Hong Kong Federation of Insurers, the Hong Kong Confederation of Insurance Brokers and Professional Insurance Brokers Association, as well as financial regulator and industry organisations has been formed to provide input and feedback.
 
Chairperson
Mr Eddie CHEUNG, Deputy Secretary, FSTB (Financial Services 2)
Members
Mr P L CHAN, The Hong Kong Federation of Insurers
 
Mrs Agnes KOON, KSY Speciality Limited
 
Mr Philip MAK, Professional Insurance Brokers Association
 
Mr B S RATH, The Hong Kong Confederation of Insurance Brokers
 
Mr Raymond TAM, Insurance Authority
 
Ms Florence WONG, Standard Chartered Bank (HK) Limited
 
Ms Winnie WONG, Asia Insurance Limited
 

Working Group

The Working Group has been formed with the following responsibilities:
 
  • To advise the implementing agent on the planning and execution of various initiatives under the Public Education Programme in meeting the needs of the insurance sector
  • To provide feedback on the initiatives to the implementing agent
 
The Working Group members are representatives from the three SROs, industry organisations, academia and FSTB.
 
Chairperson
Ms Selina LAU, The Hong Kong Federation of Insurers
Members
Ms Kit CHAN, The General Agents and Managers Association of Hong Kong
  Mr Raymond CHAN, Vocational Training Council
 
Mr Herman CHEUNG, Professional Insurance Brokers Association
  Ms Wendy CHUNG, FSTB
 
Mr David KNEEBONE, Investor Education Centres
 
Ms Juan LEUNG, Hong Kong Insurance Practitioners General Union
 
Mr B S RATH, The Hong Kong Confederation of Insurance Brokers
  Mr Lewis TSE, The Life Underwriters Association Hong Kong
 

Vetting Committee

The Vetting Committee has been formed with following responsibilities:
 
  • To approve and prioritise training proposals submitted by the three SROs for the application of Financial Incentive Scheme for Professional Training
  • To evaluate the effectiveness of the approved training courses and recommend improvement measures
 
The Vetting Committee members are representatives from industry organisations and FSTB.
 
Chairperson
Mrs Agnes KOON, KSY Speciality Limited
Members
Mr CHENG Kwok Ping, China Taiping Insurance (HK) Company Limited
 
Ms Wendy CHUNG, FSTB
 
Mr Tony MAK, American International Assurance Company Limited
 
Ms Anna LEE, Swiss Reinsurance Company Limited
 
Mr Terry LO, BOC Group Life Assurance Company Limited
 

Implementing Agent

FSTB entrusted the Institute of Professional Education And Knowledge ("PEAK") under the Vocational Training Council ("VTC") as Secretariat to implement the initiatives under the Insurance Pilot Programme.
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