Executive Certificate in Marine Insurance - HKU SPACE: Financial Services and Insurance courses
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Accounting & FinanceFinancial Services and Insurance

Executive Certificate in Marine Insurance

Jointly Organized by
The Hong Kong Federation of Insurers
Course Code
Application Code
Study mode
Start Date
To be advised
Next intake(s)
July 2020
3 months
Course Fee
$9,000 per programme
How to Apply
Deadline on 26 Jun 2020 (Fri)
2867 8322
2858 4750

The programme will primarily appeal to financial services executives who wish to equip themselves with latest knowledge in marine insurance for their professional advancement. The secondary target market includes business executives or new graduates who aim to take up opportunities in insurance sector with a focus of marine insurance.

About The Hong Kong Federation of Insurers (HKFI)   logo

The Hong Kong Federation of Insurers (HKFI), a self-regulatory body of insurers, was established on 8 August 1988 to advance and promote the development of the insurance business in Hong Kong. Following its conversion to a limited company on 29 December 1994, the HKFI became a consolidated and streamlined organization that enjoys full recognition by the Government of the Hong Kong Special Administrative Region as the representative body of an increasingly important industry. HKFI is a non-profit professional association comprising general insurance and life insurance companies in Hong Kong. The insurance industry is one of the few industries in Hong Kong that enjoys a high degree of self-regulation complemented by the Government's prudent regulatory framework. While maintaining a frequent dialogue with the Commissioner of Insurance on legislative issues affecting the industry, the HKFI actively promotes and perfects its self-regulatory regime with an aim of improving the professionalism of and strengthening public confidence in the insurance industry.

The programme aims to equip students with a practical foundation and the latest knowledge in marine insurance. It provides a broad overview of all main categories of insurance contracts in the maritime field.

On completion of the programme, students should be able to

  1. apply the theory and practice of various classes of marine insurance in Hong Kong;
  2. assess various types of cargo insurance and the mechanism of cargo insurance ;
  3. analyze relevant underwriting factors and consideration in risk assessment and rating in cargo insurance;
  4. manage underwriting profitability of different categories of marine insurance


Application Code 1835-EP142A -

Days / Time
  • Wed, Sat, -


Module Title

Module 1 (15 hrs)

Principles of Marine Insurance

Module 2 (15 hrs)

Cargo Insurance

Module 3 (15 hrs)

Marine Hull, Liability, Claims Management and Risk Management


Module 1 – Principles of Marine Insurance

  • Overview of various types of marine insurance
  • Function of marine insurance
  • Development of global marine insurance market
  • Broking and placement
  • Lloyd’s Maritime Information Services   
  • Insurable interest with reference to INCOTERM and Marine Insurance Law
  • Principles of Marine Insurance with reference to Marine Insurance Act 1906 – principles, GA, PA, CTL etc.
  • Transport documents – B/L and its functions, packing list, type of invoice and certificate of origin, packing list and insurance documents etc.
  • Underwriting consideration – vessel quality, flag, stowage, commodity types, ports, risk accumulation, cat. Loading, various transport hazards
  • Portfolio, finance and underwriting management


Module 2 – Cargo Insurance

  • Overview and Comparison of Various Institute Marine Insurance Clauses and Extensions
  • Types of Marine Policies – open policy, single shipment, annual policy etc.  Underwriting measures – usage of warranties, sub-limits, deductible
  • Special risks – Project Cargo and DSU / Stock Throughput Cargo Program
  • Risk relating to Dry Bulk (e.g. ores) & Wet Bulk (e.g. crude oil or edible oil)
  • Underwriting of Temperature controlled Cargoes and the difference between trade clauses & ICC


Module 3 – Marine Hull, Liability, Claims Management and Risk Management

  • Overview on various Hull Insurance Clauses and Extensions including Marine War Risks
  • Marine Hull Underwriting & Risk Assessment
  • Marine Liability
  • Claims Management
  • Salvage & General Average

*No exemptions will be given for any module in the programme.

July 2020 intake

Module 1 – Principles of Marine Insurance





08 July 2020 (Wed)

7:00pm -9:00pm


11 July 2020 (Sat)

10:00am - 12:00pm


15 July 2020(Wed)

7:00pm -10:00pm


18 July 2020 (Sat)

10:00pm -12:00pm


22 July 2020 (Wed)

7:00pm -10:00pm
6 29 July 2020 (Wed) 7:00pm -10:00pm


Module 2 – Cargo Insurance





01 Aug 2020 (Sat)

10:00am - 1:00pm, 2:30pm-5:30pm


05 Aug 2020 (Wed)

7:00pm -10:00pm


08 Aug 2020 (Sat)

10:00am - 1:00pm


Module 3 – Marine Hull, Liability, Claims Management and Risk Management





12 Aug 2020 (Wed)

7:00pm -9:00pm


15 Aug  2020 (Sat)

10:00am - 1:00pm, 2:30pm-3:30pm


19 Aug 2020 (Wed)

7:00pm -9:00pm


22 Aug 2020 (Sat)

10:00am - 12:00pm


26 Aug 2020 (Wed)

7:00pm -9:00pm
6 29 Aug 2020 (Sat) 9:30pm -12:30pm
7 02 Sep 2020 (Wed) 7:00pm -10:00pm



Date  &Time

12 Sep 2020 (Sep)

10:00am -12:00pm


** The above tentative timetable may be subject to change without prior notice until confirmation of timetable issued to student.

Venue:  Admiralty Learning Centre/ United Learning Centre or other locations in Hong Kong Island.

(a) hold a bachelor’s degree awarded by a recognized university or equivalent; or
(b) hold an Associate Degree/ a Higher Diploma or equivalent, and have at least 2 years of work experience; or
(c) hold relevant professional qualifications.
Applicants with other qualifications and substantial senior level work experience will be considered on individual merits.

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : $9,000 per programme
  • Course Fee : $3,000 per programme (*only applicable to insurance practitioners including insurer staff / insurance intermediaries who can join this programme recognized by the Government’s Pilot Programme to Enhance Talent Training for the Insurance Sector and receive two-thirds of tuition subsidy.)

Application Form Application Form

Enrolment Method

1.  Download HKU SPACE application form from HKU SPACE website

2.  Submit completed HKU SPACE application form with the following documents:

(a) CERTIFIED TRUE COPIES of all relevant academic and/or professional qualifications (please also bring along the originals of these documents for certification at HKU SPACE enrollment center);

(b) CERTIFIED TRUE COPIES of all relevant documents in support of work experience in the insurance industry e.g. staff card, employment / appointment letter(s) provided by insurance company(ies) (please also bring along the originals of these documents for certification at HKU SPACE enrollment center) (only applicable to insurance practitioners enrolling on the course fee of $3,000); 

(c) copy of HKID card / passport and visa (if applicable).

The complete set of application forms with all relevant supporting documents may be submitted in person to any HKU SPACE enrollment centers.
** Double-sided printing is much appreciated*

Payment Method

Cash or EPS are accepted at any HKU SPACE Enrolment Centres.


Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please write the programme title(s)  and the applicant’s name on the back of the cheque. You may either:

  • in person by submitting the payment, completed form(s), and required supporting documents to any of our enrolment centres; or
  • by mailing the above documents to any of our enrolment centres, specifying “Course Application” on the envelope. 

Course applicants, who are holders of HKU SPACE MasterCard, can enjoy a 10-month interest-free instalment period for courses of HK$2,000 and over. For enquiries, please contact our enrolment centres.


Online payment for short courses (first come, first served) and selected award-bearing programmes is available using PPS, VISA or MasterCard. Please refer to the Online Services page on the School website.


  1. For general and short courses, applicants may be required to pay the course fee in cash or by EPS, Visa or MasterCard if the course is to start shortly.
  2. Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, cheque or online PPS will be reimbursed by a cheque; fees paid by credit card will be reimbursed to credit card account used for payment.
  3. In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme teams for details.
  4. Fees and places on courses are not transferrable. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  5. HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  6. For additional copies of receipts, please aubmit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to ‘HKU SPACE’ to any of our enrolment centres. Such copies will normally be issued at the end of a course.
  7. Classes are expected to be held at HKU SPACE learning centers. The health and safety of our students is our top priority. If the situation in Hong Kong requires, HKU SPACE reserves the right to move some classes to other locations, including online teaching platforms.