Overview of the project insurances in a project life cycle

15 July 2022
CPD Code:CPD20220715S
Organised by:Hong Kong Institute of Construction Managers (HKICM)
Date:15 July 2022 (Friday)
Time:7:00 pm - 8:30 pm
Venue:Online Media Platform - Zoom

Mr Mark Chan

  • Director and Head of Construction, Power and Energy, North Asia
Language:Cantonese supplemented by English
CPD Hour(s):1.5
Priority:HKICM Member; First-come, first-served
Enrollment Fee:HKICM Member HK$ 150.00
Non-member HK$ 180.00
Deadline:7 July 2022 (Thursday)


To minimize the risk impacting to a project, the Insured will usually use various preventive measures. This includes a good management system, sufficient training, lesson learnt from previous losses and damages, using reliable contractors, having a contract term to transfer risk and etc. Even after all such preventive risk management measures are used, incident still cannot be totally eliminated and avoided. Purchasing an insurance product is a general way for protecting the Insured against the residual risk in a project lifecycle and to transfer such risk to the Insurer.

This presentation will outline the insurance requirement under the various contract forms and explain the insurance products generally required as well as their coverage and interests during the project life cycle. Finally, a process of procurement of the insurance product and the claims procedure are also discussed.

Important Notes:

  1. This is an online pre-registration only and the seat reserved will only be confirmed by an e-mail sent to the successful registrant in due course upon receipt of the registration fee.
  2. The talk will be conducted online via Zoom. Successful registrants will be notified separately via email with the meeting ID in due course to the online event . 
  3. Information collected, including name, phone number, email address and postal address, will only be used for the purpose of processing booking or general enquires related to HKICM, and will be treated in confidence and not be disclosed to any other party. 
  4. HKICM reserves the right of final decision and interpretation in the case of any dispute.

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Mr Mark Chan

Director and Head of Construction, Power and Energy, North Asia

Mark has been engaged in the risk management and insurance industry in the Greater China region for more than 20 years. He has worked in various senior management positions in insurance companies and insurance consultancy firms. He is familiar with the insurance market and regulations in the Greater China Region.

Mark is an adjoint professor at Jiangxi University of Finance and Economics. He also served as a lecturer at Taipei University of science and technology in Taiwan, teaching engineering risk management and insurance courses.

Mark is also a chartered surveyor (MRICS) and Fellow of Australian and New Zealand Insurance Institute (ANZIIF (Fellow)) and Associate Editor of the Proceedings of Civil Engineering – Forensic Engineering (ICEFE).

Mr. Damon So

Partner in the Construction and Engineering Practice of the Hong Kong office of international law firm Hogan Lovells

– One of the few lawyers listed in the “Hall of Fame” (for Construction) of Legal 500, a leading legal directory in Hong Kong and recognised as a leading individual in various
authoritative legal directories.

– Qualified as a Chartered Civil and Structural Engineer

– Member of the Hong Kong Institution of Engineers (MHKIE) (Civil & Structural disciplines)

– Qualified as a solicitor

– Has undertaken a wide range of both contentious and non-contentious construction legal work in respect of both building and civil projects

– Including both pursuing and defending a number of professional negligence claims

– Acts as an arbitrator and has had substantial experience in other dispute resolution procedures including mediation

– HKMAAL Accredited Mediator and a Panel Mediator of HKIAC

– Has also spoken widely on topics relating to arbitration and construction legal issues. 

Dr Daron Leung

Dr. Daron LEUNG, Vice President of The Hong Kong Federation of Occupational Safety & Health Association, Immediate Past President of The Hong Kong Occupational Safety & Health  Association, Principal Consultant of Occupational Safety & Health & Environmental Consulting Associate Ltd.

Mr Joseph Chung

Joseph Chung is a Solicitor Advocate. He is also a registered foreign lawyer of the
Singapore International Commercial Court. He was previously a Barrister until he became a Solicitor in 2001. He is also a fellow member of the Chartered Institution of Civil Engineering Surveyors.

Joseph has extensive experience in all aspects of construction in both private and public sector work, advising developers, contractors, consultants and banks.

Over the years in his practice as a lawyer, he has been involved in many high profile construction projects, including the Hong Kong airport core project, the Express Rail Link and the Hong Kong-Macau-Zhuhui Bridge. He was involved in the Commission of Inquiry into Excess Lead found in Drinking Water in 2015/2016. He is recommended in the area of construction in the Asia Pacific Legal 500 (2014 – 2021 editions) and acknowledged as one of the leading lawyers in the area of construction in Chambers Asia Pacific (2014 – 2021 editions) and the exclusive winner of the “Construction” category in Hong Kong by the Client Choice Awards 2018 & 2021. He is also recognised as a Leading Construction & Infrastructure Litigation Lawyer (2020 – 2021) and a Leading Front End Construction, Infrastructure & Projects Lawyer (2020) by Doyle’s Guide Hong Kong.

Joseph is the co-author of the Hong Kong version of one of the leading UK construction text “Emden’s Construction Law in Hong Kong”.