on March 1st, 2017
cooperation agreement is signed by Insurance Authority and CII for personnel
training in insurance sector within program of multiple insurance specialties.
bin Saeed Mansouri, Minister of Economy and Chairman of Insurance Authority, in
press statement said that the signed agreement aims to raise efficiency of
national personnel in insurance companies and provide them with skills and
qualifications that enhance local market and personnel efficiency performance
in insurance sector.
confirmed that this agreement comes within the state approach to develop skills
of national human resources, and within the Authority strategy and objectives
to promote citizenship and raise scientific and practical level of personnel
working in the sector, aiming to improve local market performance and
of this agreement with CII aims to achieve Authority objectives on increasing
resettlement in the sector and raising human resources efficiency level in
insurance local market through holding courses to qualify citizens and
personnel in insurance companies who will obtain international certificates in
insurance certificates," he said expecting that the agreement shall be
valid in the first quarter of 2017.
is signed by H.H. Ibrahim Obaid Al Zaabi, GM of Insurance Authority, and Mrs.
Sian Fisher CEO CII. The Minister explained that the provision of
insurance personnel professional, technical and scientific skills is one of
motivations for investment and essential factor in knowledge economy transition
process. He indicated that education, training and qualification are important
to accelerate knowledge-based economy transition and push UAE economic and
social development process.
As well, he
pointed out that lack of specialized national cadres in insurance industry and
lack of programs and academic certificates specialized in insurance reflect on
decreased ratio of technical and specialized resettlement in the sector.
emphasized that cooperation between the Authority and CII came after research
and investigation about the most important insurance institutes in world and
the most important experiences took place in the developed countries for the
purpose of raising the level of efficiency, improving personnel skills in
insurance industry in accordance with highest standards, and obtaining best
professional sectors in insurance sector.
signed agreement, Insurance Authority shall identify the certificates meant for
certain professions and personnel in insurance sector. The program designed for
this purpose will put forward some preparatory training courses of insurance
basics in addition to certificates specialized in insurance. This agreement
provides for the duties and rights of both parties in all areas before
submitting training programs and exams. Also, it provides for the possibility
of holding the exam at insurance Authority headquarters in UAE to help students
and trainees to attend exams without any inconvenience of travelling abroad.
agreement, Authority is responsible to arrange training venue and
infrastructure necessary for training program. It is responsible also to
develop a plan in collaboration with CII about professions targeted in the
first phase and certificated needed in the sector, in addition to developing
annual training plan. CII role is to provide the Authority with educational
materials for the programs proposed by them, and to provide the training
institute with accredited trainers.
to a study conducted recently by the Authority to determine the training needs
of citizens and personnel in insurance industry, there is a great desire among
insurance personnel (88.6%) to obtain scientific and professional certificates
in insurance industry. CII was the first educational agency desired to obtain
scientific certificates specialized in insurance.
program shall be implemented in two phases, first through providing training to
obtain basic certificates in order to prepare citizens and personnel for the
second phase, aiming to grant certain professions a professional diploma in
training courses deal with modern and sophisticated scientific material in
insurance, such as general insurance, customer service and how to develop
financial plans. Certificates in financial and insurance services and insurance
will be granted.
featured with its global education approach through specialized technical and
training staff and global certificates granted by them in insurance area.