The Hong Kong Federation of Insurers (HKFI) has welcomed the signing of a Memorandum of Understanding (MoU) between the International Union of Marine Insurance (IUMI) and the Hong Kong Maritime Port Development Board (HKMPDB). The agreement aims to strengthen maritime education, enhance professional training, and nurture future talent in Hong Kong’s marine insurance sector.
Collaboration to Strengthen Workforce and Training Resources
The MoU focuses on building a highly skilled maritime insurance workforce equipped with a global outlook. As IUMI’s Asian Hub, HKFI will help deliver the objectives of the agreement, which include:
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Developing multi-skilled marine insurance professionals for the Hong Kong market.
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Leveraging IUMI’s training resources, including the Cargo and Hull Insurance Online Tutorials, to support talent development.
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Promoting marine insurance and related education through collaboration at key Hong Kong maritime events.
HKFI notes that this initiative will elevate the visibility of the marine insurance industry and provide broader learning opportunities for emerging professionals.
Strengthening Hong Kong’s Position as a Marine Insurance Hub
HKFI Chief Executive Selina Lau noted that the partnership between HKMPDB and IUMI will strengthen Hong Kong’s capacity in marine insurance education. With HKMPDB’s support, local talent will benefit from IUMI’s extensive training and capacity-building tools, further reinforcing Hong Kong’s role as a regional centre for marine insurance expertise.
The collaboration also aligns with broader industry plans to maintain high standards of professionalism, promote best practices, and meet evolving global demands.
The MoU marks a strategic step toward nurturing the next generation of marine insurance professionals in Hong Kong. By combining the strengths of IUMI, HKMPDB, and HKFI, the initiative is set to expand educational resources, enhance industry competence, and support the long-term growth of the city’s marine insurance sector.
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Source: HKFI
