The insurance Authority has concluded a Memorandum of Understanding with the Higher Colleges of Technology, aiming to build an effective strategic partnership that supports the exchange of experiences and enables young UAE Nationals to work in the insurance sector .The MOU aims also to structure coordination and cooperation between the parties through a partnership in training and implementation of applied and research projects associated with financial and insurance sciences ,as well as gaining benefits from the training programs .In addition to, supporting employment opportunities for graduates.
The agreement was signed by H.E. Ebrahim Al-Zaabi, the Director General of the Insurance Authority, and H.E. Dr. Abdullatif Al Shamsi, the Vice Chancellor of the Higher Colleges of Technology in the presence of Dr. Addel Al Ameri, the HCT Deputy Vice Chancellor- Strategy and Future and The Directors of the concerned departments in the Insurance Authority.
Dr. Abdullatif Al Shamsi, pointed out that HCT has a new strategy «Next Generation» through which they endeavour to emphasise their leadership in applied education through the application of «Hybrid Learning» model, which enabled HCT to be a pioneer in linking the leaning programmes and internationally recognised professional certificates. This will support the students during their studies to cope with the new developments related to career skills. It will also achieve the strategic objective of reaching 100% employment of the graduates by 2021.
"The signing of the MOU by the Insurance Authority aims to shed light on the significance of complementarity of roles of the insurance sector and the academic role in the economic integration in the society", said Al Zaabi .He added that signing of these MOU emanates from the constant cooperation and strategic partnership between the Insurance Authority and other local ,Federal and international bodies.
Additionally, the Agreement aims to establish the Bank of CVs to be accessed by the insurance companies in order to promote the employment of students and to cooperate in the preparation of educational programmes that meet the needs of the Insurance Authority and the related companies of current and future jobs.
Finally, Al Zaabi expressed his pleasure to cooperate with the Higher Colleges of Technology through the conclusion of this MOU, which will open the door to working together to provide professional employees, who have the required qualifications to practise insurance operations, by preparing a new generation of graduates and empowering them with the necessary knowledge and skills to contribute to the building of a knowledgeable society.