Oman – Insurance training programs “Tamkeen 2017”
Monday, 04 03 2017, Category: Insurance and Reinsurance, Country: Oman
Oman’s insurance regulator and market watchdog Capital Market Authority is introducing new training programmes for insurance employees as part of a policy to enhance the contribution of insurance sector in economic development. Addressing a new insurance training programme called Tamkeen 2017, Ahmed Ali Al Maamari, director general of insurance supervision, said that the nationals working for the insurance sector are able to lead the sector and achieve CMA’s vision in the Omanisation policy. The event was attended by Sayyid Naser Slaim Al Busaidy, chairman of the Omani Insurance Association, Khalfan Mohammed Al Sharji, director general of Capital Market Institutions at CMA and general managers and human resources managers of insurance companies and brokers. Ahmed Al Maamari, director general of Insurance Supervision and Chairman of the Insurance Business Training Committee said the insurance is one of pillars of the national economy and is witnessing considerable growth recording OMR454 million in gross premium income in 2016 in addition to positive projections of growth in the coming years with the increased turnout for the other products which would make the sector able to accommodate the national cadres who are qualified and skilled. Referring to Omanisation, Al Maamari said that 2,698 employees work for the sector with 1,960 or 70 per cent Omanisation ratio. On the efforts of Insurance Business Training Committee Al Maamari said the committee, in the past two years, with the sanction of CMA’s management, executed Omanisation policy based on training and qualification for the purpose of developing the knowledge, capabilities and skills of national cadres to enable them to take the helm of the industry gradually through competence and efficiency. The Training Committee has achieved progress in 2016, which include creation of database for the employees of the sector at various levels and their qualifications to assist the committee in making well informed decisions in accordance with up to date information on the new Omanisation policy in addition to identification of appropriate training programmes for national cadres. He added that 18 programmes were executed in 2016 compared to 15 in 2015 including specialised training in insurance, accounting, commerce and marketing in addition to programmes on executive leadership and human resources development as well as allowing opportunities for professional certification in CII inside the Sultanate. As many as 500 employees of the insurance companies and brokers have benefited from such programmes.
Source: Times of Oman