The Foundation for Insurance and Finance Education (FIFE), based in Bahrain and Cyprus, hosted the inauguration of one of the largest risk management programmes in the US, the Associate in Risk Management Program (ARM) from The Institutes (USA), last March in Bahrain. The FIFE will be the exclusive agent for offering ARM in Arabic in MENA.
This programme comes as part of FIFE’s endeavours to offer qualifications and professional programmes in line with the needs of career development and labour market requirements, said FIFE managing director Husain Yusuf Al Ajmi. “We are striving to strengthen the position of the insurance, financial and business markets in Bahrain. ARM is a quantum leap in the field of risk management with relevance to various sectors such as banking, insurance, investment, engineering and industrial sectors.”
Besides the financial sector, the need for risk management is on the rise for other sectors such as oil and gas, marine, aviation and others, he said.
Mr Stephen Anderson, head of international business development at The Institutes, (USA), commended the partnership with the FIFE and its efforts to bring the programme in Arabic. “Alongside the availability of (ARM) in English and French, it is now available in Arabic thanks to FIFE’s translation of the programme into Arabic. FIFE now is the exclusive agent for this programme in Arabic in the Middle East and the Arab region besides offering it in English.” He looks forward to further cooperation with the FIFE to introduce new and up-to-date programmes in Bahrain and the GCC in the future.
The ARM programme was translated to Arabic by Messrs Nader Al Mandeel, CEO of Medgulf Takaful, Bahrain and Mr Al Ajmi.
Mr Anderson introduced The Institutes’ hundreds of programmes and professional certificates it provides in various fields, especially in insurance. He also explained the benefits of ARM, urging employees and employers in various risk management sectors to make the most of this programme.
Mr Hassan Ali Ahmed, CEO of Mashreq Institute, which is hosting the first batch of the programme, said the partnership with FIFE to provide professional training programmes in the fields of insurance, business and finance has been a remarkable success. He called for the development of this partnership in providing more programmes and professional certificates that serve the labour market in Bahrain and the region in the future. He also presented Mashreq’s experience in cooperating with several international institutes and internationally accredited organisations in the field of health and safety such as NEBOSH, IOSH amongst others.
Mr Al Ajmi stressed that the ARM programme is in line with Bahrain’s Economic Vision 2030. He also extended his appreciation for the support of the Ministry of Labour and Tamkeen, a semi-autonomous government agency in Bahrain which provides assistance and training to private-sector businesses and individuals.
Held at the Regency Hotel in Bahrain, the inauguration of the programme was attended by Mr Mahmoud Mujbil, director of relations and government affairs in Tamkeen and company directors and risk managers from various sectors. M