The Insurance Authority Starts Training Session to Qualify 25 UAE Nationals to Obtain ACII Certificate Next Sunday
Al Mansouri: Qualifying the National Cadres and Develop their scientific and technical Acquisitions Priorities to Enhance Performance of the Insurance Sector.
Abu Dhabi on April 29th 2013
H.E. Eng. Sultan Bin Saeed Al Mansouri, Minister of Economy, Chairman of the Insurance Authority assured that the Insurance Authority’s initiative to qualify and train 25 national employees of the insurance companies operating in UAE to obtain fellowship plus diploma of the Chartered Insurance Institute (London) stems from the empowerment strategy launched by H.H. Sheikh Khalifa Bin Zayed Al Nahayan, the President of the United Arab Emirates (May Allah Please Him) to develop the young national leaderships to enable them to shoulder responsibilities and to participate in the State’s aspiring uprising project. The initiative as well is in line with the directives of H.H. Sheikh Mohammad Bin Rashid Al Maktoum, the UAE Vice President, Prime Minster and Ruler of Dubai to train and prepare the national human resources according to the latest concepts and technical & scientific methods to enhance the march of human, social and economic development.
H.E. said,” the importance of this initiative stand out in the empowerment of 25 UAE nationals as first phase to obtain the highest international scientific certificate in insurance and qualify them to lead this vital economic sector. In addition, they will participate in building national cadres able to maintain the national achievements and gains attained by UAE throughout the last decades.
The Insurance Authority will start the session to train as well as to qualify 25 national cadres operating in the insurance sector to obtain ACII certificate next Sunday 5th May 2013 in a scientific and developed program to be held in Abu Dhabi and Dubai.
The Insurance Authority accomplished the required preparations and procedures to start the training program in collaboration with one of the internationally accredited institute affiliated to the British institute to grant this certificate following the selection of 25 nationals working for the local insurance companies out of 74 national candidates who satisfied the determined conditions based on the international scientific standards such as keen interest, educational qualifications, years of experience..etc.… to ensure the successful completion of the course requirements and achieve quantum leap by presence of such number of nationals professionally qualified in the insurance field.
H.E. Eng. Sultan Bin Saeed Al Mansouri said in this occasion, “the empowerment of UAE cadres to obtain the world’s highest scientific certificate in insurance is deemed a qualitative advanced initiative to the federal entities level in qualifying the national capabilities and develop their scientific acquisition and uplift their technical and professional levels”.
H.E. indicated that the initiative is deemed first step in a series of qualitative training programs and initiatives that the Insurance Authority is intending to release during the coming period aimed to develop the educational capacities and professional skills of the national cadres in the field of insurance and to empower them to lead this vital sector; one of the national economic sector’s components, in order to enhance the pace of the economic development of the State, support the productive and service process, and develop it to reach advanced competitive levels worldwide.
H.E. drew the attention that Emiratization plan adopted by the Insurance Authority in the insurance sector for the years 2013- 2014 aims to prepare the national youth to work in the technical, financial and legal aspects of the business of insurance/reinsurance and enable them to occupy higher ranks in the insurance companies as well as enhance insurance work attractivity, to escalate Emiartization ratio and increase the number of UAE national working in the insurance companies.
The development and training programs will include 13 programs forming in total the programs of the ACII fellowship and diploma i.e. certificate in general insurance, motor insurance, basics of takaful insurance, life assurance, health insurance, life claim settlements, insurance law, insurance business, financial management, insurance company’s operations, liability insurance, commercial properties insurance, work seizure, goods insurance, inland transport, risk management, insurance distribution in addition to an advance workshop in underwriting.