The UAE Insurance Authority has launched a professional training academy, in cooperation with specialised international scientific and educational institutes and centres, such as the Chartered Insurance Institute, to provide training in insurance and actuarial science, in a way that contributes to promoting the Emiratisation process and grooming talent for top management positions in the sector.
Sultan bin Saeed Al Mansoori, Minister of Economy and chairman of the Insurance Authority, said that the launch of the academy is in parallel with the relief and stimulus package initiated by the regulator to support insurance companies and related professions during the COVID-19 pandemic. For now, the courses offered by the academy will be offered online.
He indicated that the academy will provide training programmes free of charge to citizens and workers in the sector.
The academy will help insurance companies and related professions to reduce training costs and encourage citizens to work in the insurance sector, raise the efficiency of human resources and provide them with the necessary skills and qualifications that enable them to improve performance.
The programmes to be conducted are:
1. a preparatory programme for those wishing to obtain certificates in various courses, including introduction to insurance, customer service, financial planning, investment, and insurance claims processing.
2. a leadership programme which aims to create a generation of Emirati leaders in insurance companies and support the localisation of specialised talents in the sector.
3. an actuarial programme including analysis.
4. a course on combating financial crimes, such as money laundering and terrorism financing.