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Accounting & Finance Finance and Compliance

Actuarial Society of Hong Kong (ASHK) Fellows Programme

Course Code
SC525A
Application Code
2255-SC525A
Study mode
Part-time
Start Date
05 Nov 2024 (Tue)
Next intake(s)
Nov 2024
Duration
7 hours
Language
English
Course Fee
HK$2,100 per programme
Deadline on 08 Jul 2024 (Mon)
Enquiries
2867-8392
2861-0278
Apply Now

Highlights

This programme is a route for grandfathered ASHK Fellows (FASHK) ONLY to demonstrate their knowledge and practical appreciation of Hong Kong’s actuarial regulatory environment, business practices, professional conduct code and actuarial guidance notes relevant to different work areas (life insurance or general insurance).  The learning outcomes of this CPD course is the same as the ASHK Certificate.    The ASHK Certificate was introduced as a requirement for new ASHK Fellows. At the time, all existing FASHK were eligible for grandfathering and hence not required to obtain the certificate.  As part of the transition, this programme is now available for grandfathered FASHK ONLY.  The Insurance Authority will introduce new requirements for actuaries. All applicants for Long-Term Appointed Actuaries and General Insurance Certifying Actuaries will need to be a FASHK and demonstrate their local market knowledge, this is expected to become effective on 1 July 2024.

ASHK’s FAQ about the course, please check here
 

About the Actuarial Society of Hong Kong (ASHK)

The professional body for actuaries in Hong Kong was first formed in 1968 as the Actuarial Association of Hong Kong, its successor, the Actuarial Society of Hong Kong (ASHK) was later incorporated in 1994. It is governed by an elected Council with a President and 12 other Council Members. Fellow Members are entitled to use the FASHK designation which is widely recognised by employers as the recruitment qualification for actuaries. Members work in the industries of insurance, consultancy, finance, education institutes and government.

The ASHK is a full member of the International Actuarial Association, which has 74 full member actuarial organisations around the world. ASHK is one of the largest actuarial professional bodies in Asia. The ASHK sets the Professional Standards outlined in the Insurance (Actuaries’ Standards) Rules (Cap. 41, section 129(1)) and the Actuarial Guidance Notes outlined in the various Insurance Authority Guidelines for the actuarial profession in Hong Kong.

Programme Details

Programme Structure

Students are required to complete 5 hours in core part and 2 hours in different tracks – (1) Life; or (2) General Insurance or (3) Pension.

Core ( 5 hours )

·         Roles and responsibilities of financial service regulatory bodies

·         Roles and responsibilities of main industry bodies in the financial services industry

·         Regulations, professional standards, guidelines and industry standard practice

·         Risk management responsibilities

·         Reinsurance and captives

 

Life ( 2 hours )

·         Role of life insurance actuaries in Hong Kong

·         Overview of the market landscape in Hong Kong

·         Regulations, professional standards, guidelines and industry standard practice

·         Valuation of assets and liabilities

 

General Insurance ( 2 hours )

·         Role of actuaries in GI market

·         Main types of products in Hong Kong market

·         Overview of market landscape in Hong Kong

·         Regulations, professional standards, guidelines and industry standard practice

 

 

Timetable

Date: 5 Nov 2024 (Tue) 

Time:  9:00 - 12:45 and 13:45 - 17:30

 

Application Code 2255-SC525A Apply Online Now
Apply Online Now

Fee

Course Fee
  • Course Fee : HK$2,100 per programme

Entry Requirements

Applicants should hold ASHK fellows membership or other qualifications will be considered on individual merits.

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Online Application Apply Now

Application Form Application Form

Enrolment Method
  1. Complete the online application form

    Applicant may click the icon Apply Now on the top right-hand corner of the programme/course webpage to make online application, and then follow the instructions to fill in the online application form.

a) Please input your ASHK membership in "Academic Award" and your track of (1) Life; (2) General Insurance or (3) Pension.
b) Please attach your Hong Kong ID card copy. Only file format in doc, docx, jpg and pdf are supported. 

2.    Eligible applicants will receive an offer email from the programme team for coure fee payment details.

Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

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

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying  “Course Application” on the envelope.  HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
  • 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, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
  • 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 team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. 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.
  • Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
  • For payment certification, please submit 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. 
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