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Accounting & Finance Financial 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)
Feb 2022
3 months
Course Fee
$9,000 per programme
Deadline on 29 Jan 2022 (Sat)
2867 8476
2858 4750
How to Apply

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.

This programme is recognized by the Government’s Pilot Programme to Enhance Talent Training for the Insurance Sector. Insurance practitioners including insurer staff / insurance intermediaries can receive two-thirds of tuition subsidy.

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

Executive Certificate in Marine Insurance will be awarded to candidates who have achieved at least 70% attendance in each module  as well as attain pass grades of the programme.

Application Code 1970-EP142A -

Days / Time
  • Wed, Sat, -


Module Title

Module 1 (15 hrs)

Principles of Marine Insurance

Module 2 (12 hrs)

Cargo Insurance

Module 3 (18 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.

Executive Certificate in Marine Insurance will be awarded to candidates who have achieved at least 70% attendance in each module  as well as attain pass grades of the programme.




Module 1 – Principles of Marine Insurance

16 Feb 2022 (Wed)

7:00pm -9:00pm


19 Feb 2022 (Sat)

10:00am -12:00nn

1:15pm - 3:15pm

23 Feb 2022 (Wed)

7:00pm -10:00pm

26 Feb 2022 (Sat)

10:00am -1:00pm

2 Mar 2022 (Wed)

7:00pm -10:00pm

Module 2 – Cargo Insurance

12 Mar 2022 (Sat)

10:00am - 1:00pm;

2:15pm - 5:15pm


16 Mar 2022 (Wed)

7:00pm -10:00pm

19 Mar 2022 (Sat)

10:00am - 1:00pm

26 Mar 2022 (Sat)

10:00am - 1:00pm

Module 3 – Marine hull, Liability, Claims & Risk Management

6 Apr 2022 (Wed)

7:00pm -9:00pm


9 Apr 2022 (Sat)

10:00am - 1:00pm

2:30pm - 3:30pm

23 Apr 2022 (Sat)

10:00am - 12:00nn

1:30pm - 3:30pm

27 Apr 2022 (Wed)

7:00pm -9:00pm

30 Apr 2022 (Sat)

10:00am - 12:00nn

12:00nn - 1:00pm


hl man

HL Man
Executive Director & Head of Marine
Willis Towers Watson

Joining Willis Towers Watson in 2016, HL brings his vast experience in the Marine Insurance industry, working in both claims and broking roles throughout his career.  He has handled all kind of P&I claims including but not limited to cargo claims, personal injury, collision, wreck removal, damage to shore property, Salvors’ Article 14 claim, oil pollution and explosion cases, and FD&D cases.  With experience in claims, HL is able to advocate more effectively for his clients in all situations.   Also, HL has placed all kinds of marine insurance policies, including but not limited to H&M, IV, War, Loss of Hire, P&I, Liability, and other marine related risks.

Manson Ma

Ronald Sum
FCIArb, FHKIArb, Accredited Mediator

Ronald Sum is a Partner in the Hong Kong office and Head of Dispute Resolution in Asia of Addleshaw Goddard (Hong Kong) LLP. He concentrates his practice in all areas of dispute resolution, specializing in China related matters, cross border disputes, complex commercial disputes, regulatory bodies investigations, transportation (maritime, aviation, road and rail), international trade, insurance and reinsurance including export credit insurance, product liability and product recall, including arbitration, litigation, mediation and investigations.

Ronald is qualified as a solicitor in Hong Kong, England and Wales and Australia.  He is a fellow member of the Hong Kong Institute of Arbitrators and the fellow member of the Chartered Institute of Arbitrators. He is the immediate past chairman of the International Chamber of Commerce: Arbitration and ADR Sub-Committee. He is also the council and appointments committee member of the Hong Kong International Arbitration Centre.  He is on the panel of arbitrators of various institutions and has acted both as counsel and arbitrator in administered arbitration proceedings including the ICC, HKIAC, LMAA, CIETAC, SCIA, SIAC, THAC, GAFTA/FOSFA etc. Ronald has conducted arbitration in Hong Kong, China, London, United States, Australia and Singapore. Ronald is also an accredited mediator of HKMAAL, CIETAC and the Law Society of Hong Kong. Ronald has recently been appointed as a council member of the Law Society of Hong Kong and an arbitrator of the Court of Arbitration for Sport (CAS), China International Economic and Trade Arbitration Commission (CIETAC) and Shanghai International Arbitration Center (SHIAC). Ronald is also an Investor State Mediator under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA). Ronald is a council member of the Hong Kong Mediation Council.  He also sits on the Hong Kong Government Advisory Committee on the Promotion of Arbitration and the Hong Kong Steering Committee on Mediation.  Ronald is also a director of the eBRAM International Online Dispute Resolution Centre.


Manson Ma

Manson Ma
Head of Marine (Underwriting)
Greater China Region
Berkley Insurance Asia

Leveraging over 15 years of marine industry experience as an underwriter and broker, Manson's latest position (as of October 2021) is the Head of Marine (Underwriting) of Berkley Insurance Asia for the Greater China region. Manson holds a bachelor’s degree (in Business Administration) and 2 master's degrees (in Global Political Economy majoring in Soft Power Politics, and in International Shipping and Transport Logistics). Manson is also a Senior Associate of ANZIIF.

Fun facts of our lecturer: 
Outside of work, Manson is a keen sailor at yacht racing and a UK qualified sailing instructor. To promote sailing as a sport and to foster whole-person development in our younger generation, Manson is also actively sharing his knowledge by engaging the local community via various leadership / teaching roles at Royal Hong Kong Yacht Club and Hebe Haven Yacht Club. 


Iris Ip

Iris Ip
Chief Executive
COSCO Shipping (HK) Insurance Brokers Ltd

Iris graduated from the University of Hong Kong with a Bachelor of Arts degree and a Certificate of Education and completed her Associateship with the Chartered Insurance Institute in the UK.  She has worked in one of the largest reinsurers for 30 years with focus on underwriting Marine business.  She has stationed in Shanghai and Beijing for 10 year and gained vast knowledge of the Marine markets in Greater China region. She has also worked for an insurance broker belonged to a major shipping group of Mainland China with a senior management role.In addition to trainings provided in Greater China region, she was the speaker in IUMI (International Union of Marine Insurance) Conferences in Copenhagen in 2007 and in Hong Kong in 2014 and received high remarks.


Clement Hau

Raymond T.C. Wong
Principal, Asia Maritime Adjusting

Average Adjuster qualified in 1980, the first Chinese Fellow of the British Association of Average Adjusters, sitting on the Advisory & Dispute Resolution Panel. 
Started in 1966 with the oldest average adjusting firm, William Richards & Sons, currently named Richards Hogg Lindley and following its acquisition by Charles Taylor plc, appointed to sit on the Board of Directors during 1999/2008. 
After (first) retirement, continued service and commitment to the maritime and insurance communities, regularly lecturing on maritime claims related topics. Founder member of Marine Insurance Club and HK Maritime Law Association; sat on the executive committee of the HK Shipowners Association, 2003/2011; the emeritus chairman of Institute of Seatransport.


Elaine Mong

Elaine Mong
Claims Manager
Starr International Insurance (Asia) Ltd

Miss Mong is a Chartered Insurer and Associate of Chartered Insurance Institute (ACII) and Certified Insurance Professional (CIP) and Senior Associate of Australia and New Zealand Institute of Insurance & Finance, ANZIIF (Snr Assoc) 
She has a wealth of over 20 years all line claim handling experience with specialty in marine claims (including general, bulk and project cargo; hull & machinery, forwarder, terminal operator liabilities and other marine liabilities) and personal injury claims in different jurisdictions in Asia and Australasia as well as that in Europe and North America.
She is fluent in Cantonese, Mandarin and English with proficiency in Spanish.


(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.