The College of Insurance (COI), based in Nairobi and the Chartered Institute for Securities & Investment (CISI), have entered into a partnership arrangement that will see the COI offer training towards the Award in Bancassurance, in addition to other CISI qualifications.
The Award in Bancassurance (AWB) provides solid grounding in the core financial, life assurance and insurance products. It offers guidance on what constitutes professional practice, providing a framework for ethical behaviour. The qualification is designed for financial advisers and insurance agents working within the banking sector and is awarded by the Chartered Insurance Institute (CII), delivered in partnership with the CISI in Africa.
The CEO of the College, Dr. Ben Kajwang, said that the qualification will be key in building capacity within the banking sector, at an international standard, towards ensuring that institutions and their staff are equipped with the knowledge, skill and expertise necessary to promote insurance products sales through banking channels. It will also enable them to advise and recommend products that are suitable and appropriate to their different clients in an ethical manner, a concept that is increasingly important to the regulator (the Insurance Regulatory Authority) as it pertains to investor protection.
The CISI Director Global Business Development, Mr. Kevin Moore Chartered FCSI, said: ”We are delighted to partner with the COI, the premier training college for insurance courses in East and Central Africa, working towards building capacity within the banking and insurance profession. This partnership is well aligned to our educational charitable objectives promoting, for the public benefit, the advancement and dissemination of knowledge across the financial services profession and developing the highest ethical standards for practitioners.