The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) has announced that the Selection Committee has decided on the recipients for the two scholarships they provide for the Associates in Captive Insurance (ACI) designation, offered by the International Center for Captive Insurance Education (ICCIE).
This BFSB and ICB scholarship initiative was launched in 2013, in collaboration with the Bahamas Insurance Association (BIA) and the Insurance Institute of The Bahamas (IIB), both of which also serve on the Selection Committee. CEO Aliya Allen says BFSB selected this program because it was strongly supported by industry and also because of its stated mission: to be the premier provider of captive insurance education and to offer the pre-eminent professional designation in captive insurance. Designation students complete a comprehensive captive insurance education program - including ICCIE's own proprietary curriculum and testing - in order to earn the ACI professional designation.
The recipients for 2015 are Rashanna Ingrid Thompson, an account executive at RMS Insurance Agents & Brokers Ltd., and Yolanda G. Moss, an account executive at J.S. Johnson & Co. Ltd. Allen explained that one of the criteria the selection committee looked at in particular was the track record of applicants in terms of their dedication to enhancing their skills sets through ongoing professional development. Additionally, consideration was given to employment history within the sector as well as to personal statements by the applicants on why they were pursuing the scholarship. Both of these applicants impressed the committee with their perceived and planned roles in the development of the captives sector and the financial services industry as a whole.
Development and promotion of the insurance sector, inclusive of captives, is an integral part of BFSB's strategic and business development efforts. BFSB, in collaboration with the ICB, regularly participates in international conferences such as CICA and RIMS, supports ongoing sector print and online marketing campaigns and hosts annual insurance-relevant industry briefings and seminars.
ICCIE is the first and only comprehensive captive insurance education programme in North America, and its courses are relevant to any domicile around the world. The ACI designation is recognized and respected globally and though this scholarship program, BFSB and the ICB - and industry partners - hope to build a cadre of qualified professionals.
ICCIE was developed in 2004 in direct response to a need expressed by captive insurance professionals for in-depth educational offerings, information on current topics and a professional designation. ICCIE recruits some of the most recognized names in captive insurance to serve as instructors.
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