As an international financial centre, Hong Kong attaches great importance to its financial services industry and places it as one of the four pillar industries, of which the insurance industry plays a crucial role, boasting over 100,000 insurance practitioners. The Education Bureau assists the insurance industry in setting up the Industry Training Advisory Committee (ITAC) to implement Qualifications Framework (QF). It aims to enhance the industry’s professional standards by developing competency standards and encouraging training providers to develop QF-recognised courses.