During Hong Kong Maritime Week last month, IUMI agreed a MOU with the Hong Kong Maritime & Port Development Board (HKMPDB) to collaborate on educational activities for marine insurers in Hong Kong and the wider region.
HKMPDB manages the Maritime & Aviation Training Fund (MATF) which aims to build a professional workforce to support Hong Kong’s maritime sector, including marine insurance. It does this, in part, by contributing up to 80% of fees associated with approved educational courses. The purpose of the MOU is to formalise arrangements between IUMI’s educational programmes and HKMPDB. This will allow students in Hong Kong the ability to benefit from MATF funding when enrolling on IUMI educational courses. The MOU is the result of much hard work by IUMI’s Asia Hub – operated by the Hong Kong Federation of Insurers (HKFI) – and will result in:
- More marine insurance practitioners in Hong Kong (including brokers) leveraging the extensive training resources offered by IUMI, supported by funding from the Hong Kong Government.
- Building closer ties between IUMI and the Hong Kong Government; reaffirming IUMI’s status in Hong Kong (and the region) and Hong Kong as IUMI’s Asia Hub.
- Establishing a precedent for future collaborative models between IUMI and other markets.
Related topics
