Bahrain Institute for Banking and Finance (BIBF) has been a trusted partner of the regional insurance industry for over four decades, dedicated to developing insurance professionals across the MENA region. BIBF offers comprehensive professional development programmes customised for various segments and focused on developing technical competencies in insurance.
In recent years, BIBF has been committed to providing specialised programmes and initiatives that support the entire insurance ecosystem and addressing the specific needs of the insurance industry in MENA.
With the GCC states privatising medical insurance, BIBF developed a full-fledged medical insurance qualification, designed and focused on covering practical medical insurance knowledge for medical insurance underwriters, claims staff, sales agents and business development personnel.
The Capital Market Authority of Oman adopted the qualification as the main training material to support the launch of their compulsory medical insurance policy.
Last year, BIBF launched the Chartered Institute of Loss Adjusters (CILA) initiative in collaboration with the Saudi regulator focusing on a specialised segment of loss adjustors and in-house property claims handlers. Participants from Saudi had the opportunity to attain both the certificate (Cert CILA) and the Diploma (Dip CILA).
In partnership with Mena Re Life, BIBF designed and delivered an applied and practical biometric underwriting workshop enriched with case studies using the actual pricing manual of Mena Re.
BIBF has also introduced the executive education programme, designed specifically for executives and senior-level managers in the region in partnership with Bayes Business School, covering selected topics on the agenda of insurance executives in MENA.
Judges training programme is another strategic programme, executed in partnership with the Central Bank of Bahrain and Bahrain’s Ministry of Justice and Islamic Affairs, offering training courses that cater to the needs of commercial court judges, focusing on commercial, technical and real estate topics.