Lingnan University Council Deputy Chairman Mr Rex Auyeung and Motor Insurers’ Bureau of Hong Kong General Manager Mr Jackie Chun were invited by the Student Services Centre to host a career talk on insurance to Risk and Insurance Management (RIM) students on 17 May. Mrs Loretta Shuen, Council Treasurer, also attended the talk to give encouragement to students.
As veterans who have worked in the insurance industry for over 30 to 40 years, Mr Auyeung and Mr Chun introduced the product and job categories of life and non-life insurance. The insurance industry is closely linked to economic development. With opportunities to learn new things such as the operational details and risks of different professions, an insurance practitioner meets challenges every day and is unlikely to get bored. Riding on the great demand for talent in the insurance industry, students should seize the opportunity and choose a field of work according to their interests and goals. Both speakers emphasised the importance of integrity and building a solid knowledge foundation through hard work. Mr Chun, who has to evaluate many claim cases every day, said legal and other relevant knowledge is also essential. He called on graduates to give themselves a few years to learn the ropes of the industry. Mr Auyeung, President – Asia and Senior Vice-President of the Principal Financial Group, recalled how he worked from 8:30 am to 11 pm and absorbed knowledge like a sponge after he had joined an insurance company as a management trainee upon graduation from university.
Year two student Jessica Liu said she now has more confidence in joining the insurance industry after knowing from the talk that it encompasses more job categories than serving as an agent to sell policies. Another Year two student, Jessica Law, who recently won an AR Charitable Foundation Scholarship, will serve as an intern at AR Consultant Services (H.K.) Ltd for six weeks from mid-June. After the talk, she has become increasingly interested in underwriting and would make good use of the internship to boost her knowledge in this area.
Lingnan University has recently established the “AR Charitable Foundation Scholarship Scheme” for Risk and Insurance Management (RIM) students with the generous donation of an earmarked amount of at least HK$10 million from AR Charitable Foundation Limited. RIM undergraduate awardees may receive partial or full coverage of tuition and hostel fees. Second year students will each receive HK$20,000 while third and fourth year students some HK$50,000 in scholarship. Final year RIM students who are admitted to the Master of Science in Insurance or related programmes of CASS Business School, City University London, will receive up to HK$450,000. If a student manages to keep up excellent academic performance from his/her second to fourth year of study, he/she may receive more than HK$570,000 in scholarship. As one of the most comprehensive scholarship schemes for RIM students in Hong Kong, the Scheme covers a period of eight consecutive academic years starting from 2013/14. It is designed to cultivate young talent for the insurance industry and includes internship and mentorship opportunities.