The newly formed Gulf Insurance Institute has announced its move into new premises on the Amwaj Islands
The newly formed Gulf Insurance Institute (GII) has announced its move into new premises on the Amwaj Islands.
The GII aims to promote learning, develop learning opportunities and reward achievement for professionals engaged in conventional and Islamic Insurance practice and risk management in the Gulf region and beyond.
GII aims to assist in establishing Bahrain as a regional hub for conventional and Takaful insurance studies, risk management and ancillary financial services studies but will also serve the needs of the region.
Its shareholders are the industry corporates; Oman Insurance Co from Dubai, Bahrain National Insurance Co, Bahrain; Al Ahleia Insurance Co Kuwait; Al Khaleej Insurance Co, Qatar; Oman National Insurance Holding, Oman and Nasco Karaoglan, France. Other shareholders are expected to be announced shortly.
“The Gulf region is one of the world's fastest growing insurance markets, and we are proud that GII can contribute to this growth by developing the necessary professional human capital, qualifications and expertise to drive this forward.
GII Chairman, Qassim M Fakhroo
GII Chairman, Qassim M Fakhroo, stated; ‘The Gulf region is one of the world’s fastest growing insurance markets, and we are proud that GII can contribute to this growth by developing the necessary professional human capital, qualifications and expertise to drive this forward. We are also entering into partnerships with internationally recognized professional bodies in their field to add further value to our mission and which reflects our slogan of Learn – Develop – Achieve.’
He added: ‘So far the GII has been accredited by the Chartered Insurance Institute (CII) UK, American Insurance Institute CPCU, USA, and Securities and Investment Institute (SII) UK and GII qualifications have been recognized by the Australia and New Zealand Institute of Insurance and Finance. GII will continue to build strategic partnerships with international qualifiying bodies to ensure a wide range of portable, recognized qualifications to build the competencies required to fill regional skills gaps.’
GII classes will start in March, and a date for an official opening ceremony is expected to be announced shortly.
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