The Chartered Insurance Institute (CII), the UK’s top professional organisation for insurance and financial services, has announced a partnership with the United Arab Emirates Insurance Authority to boost professionalism in the UAE insurance sector.
Both organisations are working together to set up an education programme in Abu Dhabi, which will train members of the insurance sector to improve their knowledge and competencies.
The CII will assist the UAE Insurance Authority by providing face-to-face training, study materials, and examinations, as well as awarding qualifications. Initially, the focus will be on the CII Award in General Insurance but later, all of the CII’s international awards and certifications will be made available to professionals in the market.
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Over 10,000 individuals, composed of both UAE nationals and expatriates, are expected to participate in the programme, which is slated to begin later this month.
Sian Fisher, CII chief executive, said: “The UAE is home to many of the world’s biggest names in insurance and we are delighted to be working with the UAE Insurance Authority on this new initiative. The Chartered Insurance Institute, and the profession we represent, are outward-looking and open to new opportunities across the world, and this most recent collaboration offers an opportunity for us to share our experience of good practice.”
H.E. Ebrahim Obaid Al Zaabi, UAE Insurance Authority director-general, added: “Our key objective is to develop the insurance sector in UAE and support it to compete globally. The Insurance Authority wish to provide a comprehensive programme of professional development for practitioners working in insurance sector within the UAE and as the CII is the leading professional body for the global financial services profession, it was a natural choice for UAE. This is an exciting time for UAE as insurers continue to invest in the region and we are delighted to be launching this new initiative.”
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