財務及保險學系

Department of Finance and Insurance

Course Syllabus 2nd Term 2009-2010

Course Title : Seminars for Risk & Insurance Management

Course Code : RIM399

No. of Credits/Semester : 3

Mode of Tuition : Sectional Approach

Teaching Hours : 42 hours (3 hours per week)

Category in Major Prog. : Elective – Risk and Insurance Management Stream

Prerequisites : None

Brief Course Description

This course is the capstone course for the Risk and Insurance Management stream. It covers
special topics in risk management and insurance, which are deemed important but not currently
addressed in the regular courses of the Risk and Insurance Management programme. Relevant
topics will be selected by lecturers.

Currently, possible topics may cover areas of social security and insurance reform, corporate risk
management, insurance company management and practices, and regulatory environment of
insurance and risk management.

Learning Outcomes

On completion of this course, students will be able to:

1. Understand the theory and the practice of insurance regulation. Be able to analyze the
culture and economic environment that affect the insurance regulation system.

2. Apply the theory to compare the different characteristics of the Hong Kong insurance
regulation with the Chinese Insurance Law.

3. Use the risk management concept and skill to analyze the insurance company’s risk
management strategy.

4. Catch the key problems of health insurance reform in Hong Kong and around the world.

5. Identify the types of insurance fraud and the relevant prevention methods.

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 財務及保險學系
Department of Finance and Insurance
Course Syllabus 2nd Term 2009-2010

Measurement of Learning Outcomes

1. Individual project report requires to compare the different Characteristics of Hong Kong
insurance regulation with Chinese Insurance Law.

2. Problem based continuous assessment used to measure students’ ability to solve various
insurance companies’ risk management problems.

3. Class exercises and group discussion with presentations to facilitate the understanding
the key problems that pension and health insurance reform in Hong Kong and around the
world.

4. Group project report requires team to address the types of Insurance fraud and relevant
prevention methods.

5. Company visits related to the special and important topics in risk and insurance
management enhance students understanding of the issues. By raising relevant questions
during the visits and compiling report after the visits require students to grasp the
essence of the issues studied.

Indicative Content

Lecture will select relevant topics. The current topics may include:

Chinese insurance market development: the Chinese insurance law in 1995 and 2002 versions;
the new regulation philosophy in China; WTO and open market policy in China.

Hong Kong insurance market: Characteristics of Hong Kong insurance regulation, Insurance
training and education in Hong Kong and around world, insurance cycle in Hong Kong.

Insurance companies’ solvency and risk management.

Pension and health insurance reform in Hong Kong and around the world

Insurance fraud and prevention.

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 財務及保險學系
Department of Finance and Insurance
Course Syllabus 2nd Term 2009-2010

Teaching Method

The course will be taught by structured lectures, and class discussion. Theoretical inputs will be
provided through lectures. Class activities include group discussions and case studies, students
will develop in analytical and diagnostic approach to special topics in risk and insurance
management.

Assessment
Important Note: Students shall be aware of the University regulations about dishonest
practice in course work and the possible consequences as stipulated in the Regulations
Governing University Examinations.

The assessment of the field study project will consist of a combined grade of the written report
and student presentation. There will also be a continuous assessment, based on performance of a
variety of exercise assignments as well as class participation and attendance.

Company visits and Reports. 20%

Continuous Assessment, Participation, and Exercises 20%
Project Report and Presentation 60%
Total 100%

Required/Essential Readings

Selected books and periodicals in risk and insurance management.

Chinese Insurance Law, Hong Kong Insurance Company Ordinance, etc
Personal Insurance Fraud and Prevention, by Wan Lihong, Chinese Finance Press, 2000.