The Insurance Authority and the Higher Colleges of Technology sign a memorandum of cooperation in the areas of education, training, and business development

: 9/23/2014
         

Tuesday, September 23, 2014

The Insurance Authority and the Higher Colleges of Technology sign a memorandum of cooperation in the areas of education, training, and business development

 

Abu Dhabi on September 22, 2014

 

The Insurance Authority and the Higher Colleges of Technology signed a memorandum of cooperation in the areas of education and training today. It was hoped that this initiative will boost the creative ideas and practical skills of Emirati students working in development projects at the level of the IA and the insurance sector.

 

H. E. Ebrahim Obaid Al Zaabi, Director General of the Insurance Authority, said that the IA is committed to providing a creative environment and appropriate opportunities for Emirati youth to translate their creative ideas into valuable projects that reinforce the UAE’s insurance sector and national economy. Their input is especially needed in the areas of electronic and service structure development and awareness program development.

 

He explained that the signing of the memorandum of cooperation with the Higher Colleges of Technology (one of the key higher education institutions in the UAE) is in line with the IA’s vision and aims of regulating and developing the insurance sector, empowering it to compete globally, and optimizing the level of service provided to customers and the public. It also aims to boost the attractiveness of working in this sector for newly graduated students, which contributes to the achievement of the IA’s plans to nationalize insurance jobs.

 

Al Zaabi asserted that by nationalizing insurance jobs, the IA looks to build the human competencies of scientifically and practically qualified Emirati citizens. This process will help to implement the initiatives that aim to develop the IA’s work performance and improve the competitiveness of the insurance sector. It will also provide Emirati students with professional training and qualifications, with the objective of recruiting them and preparing them for work in the insurance sector after graduation.

 

Al-Zaabi added that the IA looks to use the capabilities of Emirati students, as well as their innovations, to develop the IA’s work performance and boost the competitiveness of the insurance sector and the national economy. The IA also aims to expand youth participation in the comprehensive development plans underway in the UAE, by implementing innovative competitions in which electronic and smart applications are designed for many areas (such as insurance awareness, upgrading the office and field inspection and auditing systems, and other areas). Efforts like these benefit the IA and participating Emirati students and contributes to serving the interests of the sector and national economy alike.

 

In turn, H. E. Dr. Tayeb Kamali, national Manager of the Higher Colleges of Technology, said that the signing of a memorandum like this is classified under the HCT directions which are connected with partnership and collaboration relationships with major community institutions. The HCT always seeks to upgrade its academic programs, and has consequently upgraded its education outputs to catch up with major developments in other university education programs, labor market requirements, and the expectations demanded of the UAE’s workforce.

 

He asserted that the HCT adopted the principle of learning by practice as an educational philosophy. This outlook makes HCT university education outputs support professional competencies in all areas of specialization, self-management, teamwork, leadership, and other skills that contribute to the sustainability of the development and upgrading process.

 

He added that initiatives like these aim to provide the best educational services for different specializations. It does this by focusing on the educational process and providing students with information technology, analytical thinking, and adaptability skills, thereby  making the change and encouraging the involvement of students. Students can thus be enabled to contribute effectively to the path of development and upgrading in the UAE.

 

The signed memorandum of understanding states that the HCT will provide all technical, scientific, and administrative support to its students in order to achieve the objectives of the agreement. The HCT will also award scholarships to a number of students in the IA to receive training and to work in different specializations during the term of this agreement. All work will be carried out under the full-time system and in accordance with the official working hours and relevant regulations applicable in the federal government.

 

The memorandum of understanding further states that the IA will initiate an innovative competition. The students will be asked to design electronic and smart applications that can assist the IA in various areas, such as insurance awareness, developing the office and field inspection and auditing systems, and other areas. The students will be placed in competing teams to eventually evaluate the winning projects and pay financial rewards to the trainee students, contestants, and supervisors.

 

Pursuant to the memorandum, a specialized technical committee will be formed and delegated with the task of setting objectives, standards, methods, and mechanisms to organize and implement competitions, evaluate the teams, and define the winning projects (in view of the procedures applicable in this regard). Additionally, a joint administrative committee will be formed and will meet regularly to prepare and implement the works and events. The latter committee will also communicate with various entities, evaluate the results, and present the recommendations and suggestions to achieve the objectives of the agreement.

 

Earlier in July 2014, the IA launched a qualitative training initiative for Emirati students in universities, colleges, and institutions approved in the UAE.  The initiative depended on creating a practical training course and presenting competitions for participating university and college students. A number of Emirati students were recruited to receive training and to work in different areas (in accordance with the official working hours and relevant regulations applicable in the federal government).

 

The initiative included the presentation of creative competitions, in which the Emirati students designed electronic and smart applications. Each application could then be used by the IA in many areas relevant to the IA’s functions, thereby contributing to the achievement of its strategic objectives.

 

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