MII Presents Final Draft of Competency Framework to Insurance Industry
After several productive meetings with the industry and the panel of Subject Matter Experts who were appointed by the industry, the much awaited Competency Framework for the Insurance Industry is at its final stage of completion.
A special briefing with the industry was organized to present the final draft. In addition, a workshop was also conducted to walk through the document in an effort to facilitate better understanding and effective application of the document.
175 key representatives from member companies of PIAM, LIAM, MITBA and MTA attended the briefing which was divided into two separate sessions for a more focused sector discussion:
25 October 2010 – Presentation & Workshop to MITBA and MTA member companies
26 October 2010 – Presentation & Workshop to PIAM and LIAM member companies
The event started with welcoming remarks by Puan Khadijah Abdullah, MII CEO, and a brief presentation about the project by MII Project Manager, Encik Zekri Ghazali. This was then followed by the walk through workshop to go through the documents and address any questions. The workshop was led and facilitated by the consultants, Suellen A.Heintz from LL Global (LOMA/LIMRA) and Clim Pacheco from ANZIIF.
The feedback received from the attendees were most positive and complimentary. All the attendees expressed that they were happy with the competency framework that has been delivered and most importantly, they can see the value of applying it at their respective companies.
The final draft presented is now going through some further minor improvements based on additional feedback gathered during this event. Once it is completed, it will be officially launched and distributed to all member companies of PIAM, LIAM, MITBA and MTA. We target to complete and deliver the Competency Framework in December 2010.
The competency framework is meant to serve only as a consistent standard and reference guide for the industry. Therefore it is not meant to be imposed or made mandatory for the industry. It will continue to be reviewed in line with the changes in the industry to ensure that the competency framework remains relevant, meaningful and useful for the insurance industry.
MII would like to put our record to all who have helped and given us their full support in the process of developing the Competency Framework for the insurance industry.