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PDI - Insurance Underwriting and Claims
Learning Outcomes
- evaluate insurable risks and suggest ways for loss prevention in regard to different types and nature of risks;
- assess moral and physical hazards under different business activities and recommend underwriting policy with appropriate premium, terms and portfolio management;
- apply basic working knowledge of different forms and types of reinsurance contracts and the relevant reinsurance market practice; and
- propose suggestions in managing claims services by applying principles of insurance law and claims for different disputes and claims settlement scenarios.
Learning Contents
- Principles of rating and underwriting
- Nature of statistical base of insurance
- Risk data and insurance database, big data
- Rating structure as a means of obtaining and maintaining business
- Use of data to calculate pure risk premium
- Factors involved in pricing of insurance
- Premium equation
- Risk assessment and underwriting of different types of Insurance
- Scope of cover
- Physical and moral hazards
- Standard and non-standard risks
- Assessment of risks for underwriting
- Factors for premium loading or reduction
- Reassessment of risks on renewal
- Underwriting philosophy including underwriting cycle and portfolio underwriting
- Risk evaluation and loss prevention
- Reasons for risk surveys
- Characteristics of insurance surveyors' reports
- Nature of recommendations and requirements from surveyors
- Principles of loss prevention and risk reduction, including fire wheel, fire & theft protection
- Reinsurance
- Purpose, type and method
- Claims
- Legal principles relating to claims
- Key information on claim forms and reports
- Role and functions of adjusters and assessors in claims settlement
- Settlement of disputes including The Insurance Complaints Bureau, negotiation, mediation and arbitration
- Review of claims performance
Entry Requirements:
- Five HKDSE subjects at Level 2 or above, including English and Chinese Languages with 2 or more years relevant full-time work experience; or
- Five HKCEE subjects at Grade E/Level 2 or above, including English* and Chinese Languages with 3 or more years relevant full-time work experience; or
- Completion of a QF Level 3 programme that is deemed acceptable to the respective Programme Committee; or
- Relevant Recognition of Prior Learning (RPL) qualification(s) at QF Level 3 or above AND a pass in an admission interview; or
- Other relevant verifiable prior learning and/or work experience that is/are deemed appropriate by respective Programme Committee AND a pass in an admission interview.
Financial Assistance Scheme
33Z139301
CEF Course NameInsurance Underwriting and Claims (Module from Professional Diploma in Insurance)
Remarks
Continuing Education Fund
The modules of “Professional Diploma in Insurance” (PDI) have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes (https://www.wfsfaa.gov.hk/cef). The mother course “Professional Diploma in Insurance” of the modules is recognised under the Qualifications Framework (QF Level 4).
For the modules commenced on or before 31 March 2022 (the 1st module should be commenced on or before the date), CEF claimants would be eligible for fee reimbursement upon their successful completion of any 4 modules selected from PDI (CEF Course Code: 33F11053A), with the fulfilment of both the minimum attendance requirement of 70% AND passing each of the 4 modules at 50% or above.
For the modules commenced on or after 16 August 2022, CEF claimants would be eligible for fee reimbursement upon their successful completion of any one module selected from PDI with the following CEF course codes, with the fulfilment of both the minimum attendance requirement of 70% AND passing the module at 50% or above.
| CEF course code (for the modules commenced after 16 August 2022) | CEF Course Title in English (for the modules commenced after 16 August 2022)
|
| 33Z139301 | Insurance Underwriting and Claims (Module from Professional Diploma in Insurance) |
Enrollment
Please use the specified enrollment form and follow the “Notes to Applicants” in the form to apply for programmes.
Applicants should show the Hong Kong Identity (HKID) Card / Passport / Travel Document / or valid study visa issued by the Immigration Department of the Hong Kong Special Administrative Region (HKSAR) for enrollment.
Individual programmes may have specific admission requirements. Applicants should refer to the admission requirements of the individual programmes.
All places are allocated on a first-come-first-served basis. Incomplete forms and forms received without payment will not be processed.
Deadline for Application
The deadline for application is 7 working days## prior to the class commencement date (The enrollment deadline might be subject to change depending on the enrollment status).
Notification of Class Commencement
Successful applicants will be notified of the class information by the contact method specified on the enrollment form at least 3 working days## before class commencement. PEAK will not be responsible for the loss of class notification sent by mail. Please contact us at 2836 1906 if you do not receive the notification before the class commencement.
Programme Fees / Receipt
For a programme commencing within 7 working days## at the time of enrollment, students are required to settle the programme fee by cash.
Programme fees paid are non-refundable, except for cases of unsuccessful applications and programme cancellation or rescheduling. Fees paid and places enrolled are also not transferable, and request for programme swapping will not be entertained.
Students will collect and sign to acknowledge collection of the receipts at the first lesson. Fees paid after the enrollment deadline may result in delay in receipt issuing. For those who have not collected the receipts during the first lesson, our staff will contact them for the receipt collection arrangement. If students choose to collect the receipt by mail, PEAK will not be responsible for any loss in mailing. Students will be required to pay an administrative charge of HK$100 for their requests for each additional receipt copy. Please send crossed cheque payable to “Vocational Training Council” with a written application to “The Programme Team” of the Institute. For enquiry, please contact us at 2836 1862.
## Working days (exclusive of Saturdays and Sundays)
Mr. John Tsang (Programme Director)
Tel: 2836 1863
Email: johntsang@vtc.edu.hk
Mr. Arvin Lau (Programme Secretary)
Tel: 2919 1429
Email: arvinlau@vtc.edu.hk
Fax: 2891 5707
Online Email Enquiry
Programme Recommendation
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WhatsApp: 9081 5283
Fax: 2432 2253
Email: EDIT@vtc.edu.hk
Website: EDIT.vtc.edu.hk
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