Confirmed HE Fatima Mohammed Ishaq Al-Awadi, deputy director of the Insurance Commission to increase the integration of citizens in the insurance companies and raise the level of skills and experience and allow them to participate in decision-making and policy formulation and preparation of plans is a national duty on departments, insurance companies operating in the country in order to promote driving directions and the government's objectives to enable the working citizens.
She was pleased that the people working in the insurance companies have a high level of scientific competence and the process that we cherish, hoping to adopt national insurance companies and foreign companies operating in the state plan for settling adopt from which to raise the rates of settlement in the company and motivate staff working citizens in and acquire the technical skills and technical that would affect their career advancement in the companies where they work.
This came during a meeting Traas happiness expanded meeting organized by the Insurance Commission with the general managers of insurance companies on resettlement in the insurance sector at the Rotana Hotel Yas in Abu Dhabi today (Monday) in the presence of corporate managers and directors of human resources (61) national companies and foreign workers in the country to discuss the results of meetings held by the Insurance Commission during the months of October and November last year with citizens working in the insurance companies operating in the country and suggestions about the attractive environment of the settlement and means of overcoming problems and obstacles to resettlement in the insurance sector and areas of enhancing the efficiency of UAE nationals working and professional advancement.
She was pleased that the Insurance Commission is determined to change the reality of resettlement in the rates of insurance companies to achieve the desire of the wise leadership of the State, pointing out that despite the increase in the proportion of resettlement in the insurance companies in the state from 5.2 percent at the end of 2010 to about 5. 6 percent at the end of the first half of this year, it remains a low and unsatisfactory in that the available information indicates that some insurance companies free of foreign citizens.
She was pleased that the Insurance Commission discussed during her meetings earlier with the staff people working in the insurance companies operating in the state issues and observations and inquiries of interest to people working in the insurance companies, which would contribute to the development of their skills and motivate them to work on the one hand, and reflected positively on their performance and their efficiency and increase competitive companies that they work on the other.
She was pleased that the settlement does not mean merely the appointment but must be coupled with intensive training in technical aspects, financial and legal insurance, which would contribute assuming the citizen advanced positions in the departments of Central and Upper and lead to the creation of conditions for the stability of national cadres in their work in insurance companies as this stability result in the accumulation of experience, which is the key business of insurance.
She was pleased that in order to achieve this end, the Insurance Commission during the last stage to take many of the controls and operational initiatives that contribute to broaden the base of resettlement in the insurance companies, including linking to allow companies to open new branches employing specific ratios of citizens and instruct to foreign insurance companies operating in the domestic market does not work where any citizen to achieve the overall rate, at least for resettlement by the end of the year and the formation of a committee to manage the training center for the insurance and takaful in conjunction with the Emirates Institute for Banking and Financial Studies towards the establishment of the Emirates Institute for Insurance and Takaful.
She was pleased that the preliminary findings of the bipartisan Commission was encouraging as it has grown the proportion of citizens in the insurance companies to 13.3 percent during the first nine months of this year compared to the end of last year.
And confirmed by HE Fatma Al-Awadi that the insurance will not stop at this level of work and effort, but will continue to take further steps and practical initiatives to increase the rates of settlement in the insurance sector and raise the level of skills and experience of people working in this sector to achieve the directives of the leadership in the state and the government's strategy in this field, referring to the resettlement plan in the insurance sector developed by the Insurance Commission recently for the years 2012 2014, which contains specific goals and specific means and mechanisms to achieve the desired goals.
And reviewed the achievements made by the Insurance Commission over the past years, said that the Authority successfully since its inception in 2007 to make a quantum leap and sophisticated in the market for local insurance especially in terms of rearrangement of this market and planning conditions as appropriate in terms of performance, control and competitive advantage, and complete the legislative framework which is cornerstone of the controls on the insurance sector in the country.
She was pleased that the Insurance Commission has over the past four years after its founding, hundreds of activities and initiatives within the strategic plan and operational body, aimed as a whole to raise the insurance sector in the country and promote the UAE as a regional and global insurance and strengthen the relationship with the federal and local, regional and global organizations to apply international best practices, and thus achieve further progress and growth in the components of the economic development of the vision of leadership.
She drew her happiness that the Insurance Commission has issued many legal systems to promote the organization of the insurance sector, including instructions actions taken to face money laundering and combating of terrorism in insurance activities, and instructions of the rules of practice and ethics to be followed by insurance companies, which aims to protect the holders of Altmin and beneficiaries. Secretary of the beneficiaries them. As well as issue a Takaful insurance, which is the first of its kind in the Arab region and the most comprehensive on the level of Muslim countries, and instructions for organizing the work of insurance agents and instruct license management companies, health insurance claims, organize and monitor their work and the issuance of rules guiding the special controls marketing of insurance policies by banks. Has also been a valuable area of financial regulation for the sector Altminaminamin the rules of the investment policy of insurance companies and prepare the foundations of how to calculate the technical provisions in the insurance business as well as the rules on solvency margin in insurance companies, working with the Authority is currently preparing the accounting policies in the insurance business. And have been in training and education center established insurance training for insurance and takaful, in cooperation with the Emirates Institute for Banking and Financial Studies.
She was pleased that the Authority is currently working on further regulatory and legal actions to promote development in this market from all sides and raise the level of competitiveness and the development of performance to finish very high on the regional and global levels.
Following the opening address made by HE Fatima Mohammed Ishaq Al-Awadi, deputy director of the Insurance Commission to submit a summary report done by the Insurance Commission on the results of the meetings held with citizens working in the insurance companies and the results of a questionnaire measuring the degree of satisfaction of citizens working in insurance companies, which varied between the praise of many citizens working in the insurance companies to the departments of companies in which they work, and give others a series of observations on some of the negative aspects of financial, technical and social conditions in the companies where they work.
The focus of the results of the survey many of the points that formed the areas of convergence between citizens working in the insurance industry most notably the lack of adequate training and are not aware of national employees in training courses, and the absence of equal privileges in kind and material between the citizens and expatriates, and not a clear system for upgrades and not the gradual rise Titles Alozifahalalia and standardization of health insurance among all the companies so that it covers all members of the family of the citizen, and not to give the citizen times, or leave empty in the case of desire to complete his studies at the institutes and universities of different, and the lack of business cards and the lack of a uniform hours of work between all companies, and the lack of clarity of job descriptions for some staff people , and not to the announcement of vacancies in some companies.
HE has also Deputy Director General of the Insurance Commission to provide an outline plan for resettlement in the insurance sector for the years 2012 - 2014, and implemented by the Insurance Commission as of early next year.
The plan seeks to achieve two goals the first quantitative increase in the proportion of people working in the insurance companies according to specific ratios and second types through the creation of young people to work from the technical, financial and legal aspects of insurance and reinsurance, both in the administrative and marketing or in the advanced positions in insurance companies through the rehabilitation of a scientific and training and practice.
They discussed extensively and continuous problems and constraints of a general nature relating to resettlement and the training and means of raising the professional performance of nationals working in the insurance sector and mechanisms to increase the attractiveness of work and performance in this vital sector.
The conferees discussed the areas of the development aspects of the training and means the most advanced to encourage staff citizens to participate in training courses, quality that is reflected positively on the performance of staff and companies together, and focused discussions on some aspects of financial, functional and organizational stability and job security for citizens working in the insurance companies and increase their numbers in the future.
Participants made thanks and appreciation to the Insurance Commission for organizing this meeting, which contributed to the increased corporate awareness of resettlement, the realization of the plans and the needs of Almutvin citizens working at the time made some participants practical proposals to stimulate companies to achieve the resettlement plans and encourage them to promote training and involvement of citizens, staff training courses specialized to raise their level of scientific and practical in the field of insurance.
And managers of insurance companies expressed their willingness and readiness to implement the resettlement plan prepared by the Insurance Commission for the years 2012 - 2014 and are keen to increase the proportion of people in companies.