PDI - Insurance Principle and Practice
Tel: 2919 1402
Email: simonyip@vtc.edu.hk Mr. Alfred Chu (Programme Secretary) Tel: 2919 1545
Email: chuxiayou@vtc.edu.hk Fax: 2891 5707
Learning Outcomes
On completion of the module, students are expected to be able to:
- assess different types of risks and nature of insurable risks in given situations with consideration of the insurance mechanism;
- define and analyze the scope and the main concepts of risk management under different business activities; and the legal and regulatory environment of the insurance market including intermediaries;
- apply insurance market principles and practice independently to handle various start-to-end procedures including underwriting and claims according to the needs of different clients and companies; and
- apply the principles of insurance law in the interpretation of insurance contracts such as insurable interest, utmost good faith, proximate cause and indemnity under different factors of consideration.
Learning Contents
- Introduction to insurance
- Meaning of insurance
- Nature of risks
- Functions of insurance
- Major classes of insurance
- Marine insurance
- Life insurance
- Property insurance
- Accident & casualty insurance
- Motor insurance
- The insurance market
- The insurance market
- Insurers
- Brokers and agents
- Lloyd's
- Basic principles of insurance law
- Insurable interest
- Utmost good faith
- Indemnity
- Subrogation
- Contribution
- Proximate cause
- Insurance in practice
- Insurance in practice
- Physical and moral hazard
- Underwriting
- Claims and disputes
- Average
- Reinsurance
- Co-insurance
- Risk management
- Risk management concept and objectives
- Risk management process
Entry Requirements:
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Five HKDSE subjects at Level 2 or above, including English Language and Chinese Language with 2 or more years’ relevant full-time work experience; OR
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Five HKCEE subjects at Grade E / Level 2 or above, including English Language** and Chinese Language with 3 or more years’ relevant full-time work experience; OR
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Equivalent
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Mature applicants, i.e. those aged 23 or above, with 2 or more years of relevant full-time work experience may also be accepted subject to a satisfactory admission interview.
** HKCEE English Language taken in 2006 or before should be at Grade E orabove (Syllabus B) / Grade C or above (Syllabus A)
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 50% or above of the overall mark for each of the 4 modules.
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 50% or above of the overall mark for each module.
| CEF course code (for the modules commenced after 16 August 2022) | CEF Course Title in English (for the modules commenced after 16 August 2022)
|
| 33Z139298 | Insurance Principle and Practice (Module from Professional Diploma in Insurance) |
| Course Code | Programme | Level | |
|---|---|---|---|
| 791I2 | PDI - Insurance Principle and Practice | Module Certificate | |
| 792I2 | PDI - Insurance Underwriting and Claims | Module Certificate | |