Malaysian coverage Institute signs agreement with Cambodia insurance Ass’n

The Malaysian coverage Institute (MII) and the insurance affiliation of Cambodia (IAC) have signed a Memorandum of understanding (MoU) for “a bilateral collaboration to forge a useful business dating to in addition enhance insurance knowledge and abilities improvement for the insurance enterprise in Cambodia,” stated a bulletin from the MII. The signing occurred at the Ministry of financial system and Finance Cambodia office in Phnom Penh, Cambodia.

The MII defined that the MOU formalized its “near courting and collaboration with IAC. MII and IAC both have the identical aspirations and are committed to paintings together toward growing the human capital of the coverage enterprise in Cambodia. With this commitment, IAC will fully support MII to increase and offer the Institute’s professional qualifications as well as training applications to the Cambodian coverage fraternity.”

MII CEO Khadijah Abdullah and IAC Chairman Chhay Rattanak signed the MoU at rite, witnessed by using Her Excellency Nguon Sokha, Secretary of country of Ministry of financial system and Finance of Cambodia and attended by top officers from the Ministry and key industry leaders.

The MII’s bulletin cited that Khadijah Abdullah in her deal with at the signing rite described it as a outstanding honor no longer just for MII however additionally for Malaysia, evincing the consider and confidence within the satisfactory of the Institute insurance professional qualifications and schooling applications.

“This MoU is a totally encouraging and advantageous step to further improve the collaboration between MII and IAC,” she said. “This collaboration isn't always new as we have been working with the insurance enterprise in Cambodia on account that 2005 and this MoU is mainly unique to us as it indicates IAC continued accept as true with and confidence in MII. We see this as an important next segment with increased pleasure and guide, in tandem with the fast increase of the industry. We also are proud that the up and coming enterprise leaders in Cambodia who will play a key role for the future progress of the enterprise, are our MII graduates,” she delivered.

The MII also defined that it has “been effectively accomplishing the Associateship of the MII (AMII) and the diploma of MII (DMII), its  flagship insurance expert programs in Cambodia considering 2005.”

The MII changed into founded in 1968 as a non-earnings business enterprise, it's far the usa’s “custodian of standards,” and now has “over 40 years of enjoy in the Malaysian marketplace.” I has “significantly contributed to the coverage expert education improvement in numerous rising markets and the Asian place,” said the bulletin, and has constantly prided itself in “gambling a component to champion the country wide time table in positioning MII and Malaysia as the center for coverage training and education.”