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