About Us
  • About PEAK
  • Vision, Mission and Values
  • Message from Principal
  • Performance Pledge
  • Programmes
  • Programme List
  • New Programmes
  • CPD
  • Short Course
  • Module Certificate
  • Professional Certificate
  • Professional Diploma
  • Bachelor Degree
  • Postgraduate Diploma
  • Admission
  • Enrollment Procedures
  • Payment Methods
  • Class Regulations
  • Forms for Download
  • Professional Examinations
  • Insurance Intermediaries Qualifying Examination
  • Leveraged Foreign Exchange Trading Examination
  • Mandatory Provident Fund Schemes Examination
  • Estate Agents / Salespersons Qualifying Examinatio...
  • Trade Test for Security Guards
  • Corporate Services
  • E-learning
  • Customised in-house training
  • MDS
  • Learning Products
  • News & Events
  • Latest News
  • Events
  • Prospectus
  • Pilot Programme to Enhance Talent Training for the...
  • Training and Exchange Visits
  • Introduction and Contact Information
  • Vocational School Training
  • Public Servant Training
  • Programmes Recently Opened
  • CPD
    Home > Programme Search Result > Programme Detail
    Programme Detail
      Keywords Advanced Search
    Programme Code : PE526001G
    Level : Postgraduate Diploma
    QF Level : 6
    Programme Title : Postgraduate Diploma in Insurance in Risk Management (PgDIRM)
    Commencement Date : to be advised
    Contact Hours : 240
    Enquiry : Mr. Eddy LAU (Programme Director)
    Tel: 2836 1863
    Email: eddylcw@vtc.edu.hk
     
    Ms. Carrie Kwan (Programme Officer)
    Tel: 2836 1852
    Email: Carriekwan@vtc.edu.hk
     
    Ms. Karine Cheng (Programme Secretary)
    Tel: 2836 1821
    Email: ylcheng@vtc.edu.hk
     
    Fax: 2891 5707
     
    Email : ylcheng@vtc.edu.hk
    Attachment : Enrollment Form
    PgDIRM_Jan2020 Intake Schedule
    Programme Information General Information Relevant Programmes Progression Path Seminars Schedule
    Programme Information

    Programme Information

    This programme is recognised under the Qualifications Framework

    QF Level: 6

    QR Registration No.: 18/000158/L6

    Validility Period: 01/05/2018 - 30/04/2022

    Program Overview:

    Nowadays, most organizations highly regard risk management in their business strategies particularly in corporate governance.  Risk management and insurance are dynamic and highly competitive businesses and they are now inseparable.  Risk managers are expected to be able to evaluate a wide range of insurance tools, including the contemporary variety of specialized insurance products related to directors & officers, cyber, credit, mergers and acquisitions transactions, parametric, etc. in addition to the traditional insurance classes of property and liability, in formulating appropriate risk management frameworks.   

    The PgDIRM provides students with a holistic training in both risk management and insurance to upgrade their skills and equip them with strategic-level of risk management and insurance knowledge, the latter being generally considered as the most practical and effective risk management solution.

     

    Program Objectives:

    The programme objectives of the PgDIRM programme are to:

    1. develop students’ professional skills in devising and planning effective and efficient methods and strategies for managing complex issues in the risk management and insurance fields;
       
    2. cultivate students’ integrity, ethics and commitment to risk management and insurance professional practices; and
       
    3. nurture students’ self-reflection and lifelong learning awareness of further professional development.

     

    Programme Intended Learning Outcomes

    On completion of the programme, students will be able to:

    • assess and manage risk portfolios for risk prevention and management improvement in organizations;
       
    • develop corporate-level strategies and review risk management frameworks in compliance with regulatory requirements and ethical standards;
       
    • propose rules and regulations for governing risk management and for managing insurance and financial products and services in response to the market demand;
       
    • apply a board range of professional knowledge in risk management and insurance, and skills in leadership, communication and research to manage risk management functions within insurance and financial organizations; and
       
    • reflect on current professional practice to identify plans for further professional development.

     

    Program Features and Highlights:

    • Postgraduate qualification that explores the multi-faceted world of risk management with the growing interplay between the fields of risk management, insurance and financial services, focusing on local law and practice
       
    • 8 modules each with 30 lecture hours, normally 3 trimesters each year commencing in January, May and September
       
    • Flexible modular structure with three core modules and a choice of five elective modules under the streams of insurance or risk management, to be completed within 4 years
    • Students are eligible to apply to the Mentorship Scheme to learn from seasoned professional / senior executive to make progress towards professional goals and broaden business networks (details by clicking the above General Information)
    • Students completing any three PgDIRM modules are eligible for ANZIIF Associate Membership. Students completing any six PgDIRM modules are eligible for ANZIIF Senior Associate Membership.
       
    • Graduates have the advantage of having direct access to an international premier professional qualification of Fellowship of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) by claiming 80 points towards the 100 points required for ANZIIF Fellowship; and before graduation by prior to applying to achieve the additional 25 points, after completion of 3 or 6 modules of the PgDIRM to become Associate member or Senior Associate member of ANZIIF respectively and must also meet the other Fellow criteria (details as per https://anziif.com/membership/membership-levels )
    • Graduates can be awarded up to a maximum 190 CII credits (90 at Advanced Diploma and 100 at Diploma level)
    • Graduates can be considered to apply for Master of Business Administration and Master of Applied Finance (in Risk Management or in Wealth Management) of the Open University of Hong Kong through Pathway 1 as equivalent to satisfy the requirement of a recongnized Master’s degree in business
    • Evidence of passing the examination of any one module in a particular year will satisfy the annual 10 CPD hours for insurance intermediary license renewal. Students can fulfill the CPD requirement via this path for a maximum of 6 years.

     

    Programme Structure

    Learners must take 8 modules including three compulsory modules

    PBA60001 Enterprise Risk Management

    PBA60002 Law and Practice of Insurance

    PBA60003 Managing Insurance Organizations and Self-insurance#

    # The Pre-requisite of taking the ManagingInsurance Organizations and Self-insurance module is to have passed the other 2 core modules plus at least three elective modules of the Programme

     

    Remaining modules to be selected from the elective modules listed below:

    Insurance Stream

    PBA60004 Property Insurance Management

    PBA60005 Liability Insurance Management

    PBA60006 Marine Insurance Management

    PBA60007 Life and Medical Insurance Management

    PBA60008 Reinsurance Management

     

    Risk Management Stream

    PBA60009 Operational Risk Management

    PBA60010 Financial Risk Management

    PBA60011 Financial Planning Management

    PBA60012 Corporate Governance and Compliance

    It is preferable to start an elective module if students have some basic knowledge of the relevant subject.    Basic understanding of mathematical concepts is recommended in modules in the Risk Management Stream (except Corporate Governance and Compliance).

     

    Medium of Instruction

    All classes are conducted in English supplemented with Cantonese.

    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.

    Programme Leaflet: Please download here

    Student's notes: Please download here

     
    Programme Director
    Mr. Eddy Lau
    Institute of Professional Education And Knowledge 高峰進修學院     Disclaimer |  Privacy |  Corruption Prevention Policy  
    Address: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong.     Enquiry: 2836 1922     Email: peak@vtc.edu.hk
    Copyright © 2013 PEAK. All rights reserved.