ANZIIF and IAC sign agreement to support education and training

IRM launches new Education Advisory Board

Chinese insurance professionals will take a lead from their Australian peers, following a new partnership agreement between both country’s national insurance associations.

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Insurance Association of China (IAC) signed an agreement in Beijing yesterday, which will deliver certified education in China to the country’s insurance workforce.

Under the agreement, ANZIIF will partner with the IAC to conduct certified education in China to boost practitioners’ professional standards and technical abilities.

The first stage of the partnership will involve general insurance, risk survey engineering and risk management programs.

ANZIFF chief executive Prue Willsford said that the partnership was an important step in supporting the growth of China’s insurance industry.

“Quality certified education programs and accreditation systems are a vital component to developing a technically skilled and innovative workforce that adheres to high standards of professionalism, all of which increases consumer trust in insurance.”

IAC assistant secretary general Xiaowu Li said the agreement would support insurance professionals and the industry generally.

“The Chinese insurance industry is growing at a fast pace, which requires people in the industry to have comprehensive yet specific skill sets. To introduce an internationally-recognised education accreditation system to Chinese insurance is key to the industry’s talent development and will help our industry practitioners to be international, professional and adaptable.”