New AMII Framework
The Malaysian Financial Services Sector Blueprint 2011-2020 was launched by the Governor of Bank Negara Malaysia (BNM), Y.Bhg Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz in November 2011. Among the objectives of the blueprint emphasises on the human capital development and talent enrichment in all sectors, including the insurance and financial services industry. In responding to the call, MII has reviewed its overall governance and qualification framework with the view to support the blueprint and to strengthen its roles as a professional body and an education centre. Intense effort has been in progress for the last few years in developing the MII new qualifications framework.
Insurance market worldwide, particularly those in rapidly growing economies, are experiencing accelerated growth as the demand for insurance increases. The main challenge facing insurance markets in managing this growth and the transformation taking place is the development and creation of technical expertise through highly qualified insurance staff. Therefore, the MII new qualifications framework caters to all levels of knowledge and serves all sectors of the insurance market in providing the key to meet this challenge.
MII NEW QUALIFICATIONS FRAMEWORK
The MII qualifications framework has been designed to provide a clear path for those looking to develop their career in today’s insurance market. The framework provides market-led qualifications and programmes.
MII NEW QUALIFICATIONS FRAMEWORK – AMII LEVEL 1 AND 2
The new Associateship of the Malaysian Insurance Institute (AMII - Level 1 and 2) is developed by combining the intermediate and advanced level. The new AMII is an exclusive professional qualification programme tailored to the Malaysian business environment. The introduction of the new AMII (Level 1 and 2) will provide graduates a firm grounding in insurance fundamentals and enable them to build towards advanced technical knowledge, thereby ensuring they have the means to function effectively in a challenging environment, as a competent, skilled and experienced professional.
By offering the new AMII, the current MII main flagship learning programme i.e. Diploma of The Malaysian Insurance Institute (DMII) and Associateship of The Malaysian Insurance Institute (AMII) will be phased off after the July 2016 examination session.
The new AMII (Level 1 and 2), approved by the Finance Accreditation Agency (FAA) will be offered in the October 2016 examination session.