Managing Insurance Organizations and Self-insurance

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課程編號

PBA60003

課程範疇

工商管理, 保險

課程程度

單元證書

開辦院校

高峰進修學院

上課時數

30

課程班別

有關課程開課日期資料，請聯絡2836 1922 | 高峰進修學院

課程詳情

Intended Learning Outcomes:

On completion of the module, students are expected to be able to:

diagnose risks and factors that affect operational and management functions in insurance organizations;
evaluate the performance of insurance organizations with consideration of the latest changes of business situation;
formulate corporate-level strategies and policies, in compliance with regulatory requirements, for insurance organizations; and
develop self-insurance frameworks including captive insurance.

Learning Contents

1. Role of insurance organizations and financial industry, including the London and China Market and Takaful types of insurance

formation of various insurance organizations including bancassurance, companies, intermediaries (agent & broker) of life, reinsurance, general and financial advisers (including MPF)
the organizational structure and culture of insurance organizations, captive insurers, government, NGO, third party administrators, managing general agent, etc.

Key operational and management functions of insurance organizations

information systems, including Fintech (Financial Technology), E-commerce, digital trend and big data
marketing,
human resources including outsources
product development and actuarial
underwriting
customer services
claims
distributing products including internet sales and social media
investmen
risk management

2. Premium equation and portfolio management

key actuarial concept
pricing and aggregate loss models
underwriting cycle
investment and underwriting

3. Accounting, including insurance company accounts

accounting principles and practices
practices of insurance company accounts
use of financial ratios and insurance ratios to assess businesses
financial strength of insurance companies
unearned premium liability and acquisition costs
claims provisions
reserves, incurred but not reported reserve
insurance company reserves and solvency margins, including risk-based capital framework
performance evaluation methodologies

4. Legal and compliance, corporate governance

5. Strategic planning for long-term growth, including management of insurance organizations

New product development

Research methodology and skills, associating knowledge taught in other modules throughout the project briefing and on-going guidance

6. Evaluating insurance programmes including retention

Captive including its characteristic, captive manager, self-insurance

Other risk transfer mechanism including finite risk, mutual insurance arrangement

持續進修基金課程編號

33Z137228

持續進修基金課程名稱

MANAGING INSURANCE ORGANIZATIONS AND SELF-INSURANCE (MODULE FROM POSTGRADUATE DIPLOMA IN INSURANCE IN RISK MANAGEMENT)

持續進修基金課程生效日期

2022.05.01

持續進修基金課程有效期

2026.05.01

備註

Entry Requirements:

Applicants shall

hold a bachelor’s degree awarded by a recognised institution; and working full-time in related industries; OR
have achieved a level in relevant professional qualifications equivalent to a bachelor’s degree; and have one year of full-time work experience in related industries.
Applicants with other qualifications and three years of senior-level work experience in related industries will be considered on individual merits and subject to a satisfactory admission interview.

AND

English Proficiency Requirements

If the bachelor’s degree is not from an institution where the language of teaching and assessment is English, or if the relevant professional qualifications are not awarded in Hong Kong nor an English speaking country, applicants shall provide the following evidence of English proficiency:

an overall band score of 6.5 in IELTS; or
a TOEFL score of 550 (paper-based test) or 213 (computer-based test) or 79 (internet-based test); or
equivalent qualifications.

Continuing Education Fund

This course has been included in the list of reimbursable courses under the Continuing Education Fund. The mother course (Postgraduate Diploma in Insurance in Risk Management) of this module is recognised under the Qualifications Framework (QF Level 6)
CEF Course Code: 33Z137228
Reimbursement requirements: CEF claimants would be eligible for fee reimbursement upon their successful completion of any of the module from Postgraduate Diploma in Insurance in Risk Management, with the fulfillment of both the minimum attendance requirement of 70% AND passing the module at 50% or above, subject to the prevailing CEF rules and procedures. For details, please visit CEF Website at https://www.wfsfaa.gov.hk/cef .

報名辦法

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)

查詢

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

Managing Insurance Organizations and Self-insurance

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