CMA conducts training for insurance employees in Dhofar

MUSCAT: Oman’s insurance regulator, Capital Market Authority (CMA), recently conducted a training workshop for local employees working in the insurance sector in Salalah.

As many as 34 employees have competed the first phase of the CII certification, said a press release.

Ahmed Ali Al Mamari, director general of Insurance Supervision and chairman of the Insurance Business Training Committee at CMA, emphasised the importance of gaining knowledge, especially in the insurance field, and to be able to take responsibility for the development and growth of the insurance sector.

He made the remarks at the closing ceremony of the ninth and tenth training workshops held under the auspices of Shaikh Abdullah Salim Al Rawas, chairman of Oman Chamber of Commerce and Industry (OCCI) in Dhofar as part of the 2017 training plan called ‘Tamkeen.’ The event is part of CMA’s strategy to enhance the contribution of the insurance sector in the national economy.

Two training programmes were held between August 22 and 24, 2017 on the basics of risk under- writing and creative thinking skills for the nationals working for the insurance sector.

Al Mamari said the role of CMA in adopting a new Omanisation policy depends on empowering the national cadres working for insurance companies and brokers in technical and administrative roles at the medium and higher levels, rather than focusing on operational roles. Al Mamari said the committee continued its work for the third consecutive year.

He added that 10 training programmes were executed out of 18 programmes planned in the annual training plan in various insurance disciplines and accounting.

As many as 300 employees working for the insurance sector participated in the programmes. CMA also continues to follow up and supervise the CII certifica- tion programme executed by the College of Banking and Financial Studies. Around 34 employees have passed first phase of the certification out of 60 employees.

The basics of underwriting programmes continued for three days, drawing the participation of 30 employees representing insurance companies and brokers in Dhofar.