CII Exam Classes – Notification

Member Companies:

Please note the following scheduled CII Exam Classes being held at Island Heritage Insurance with Annette Jim (lecturer)

IF1: Insurance, Legal, Regulatory course for sitting exams in October 2017.

Monday 21,  August 2017

Wednesday 30,  August 2017

All Mondays in September 2017 ( September 4, 2017, September 11, 2017, September 18, 2017, September 25, 2017)

Monday 2 October, 2017

Time is 5.15pm to 7pm

Attendance at a minimum of 4 classes in order to sit mock exams

Students expected to read chapters before class

MOOC: Introduction to Insurance

The CII is running a MOOC (Massive Open Online Course) on “Introduction to Insurance” starting on 11 July 2017.

Access is via the CII’s MOOC platform Insuranceversity. The course is FREE, interactive and will introduce you to the fascinating world of insurance, potentially with a view to taking a professional qualification.

Topics covered will include:

• Insurance and the global financial services industry

• Insurance: the why and how

• Structure of the insurance market

• Key roles in the insurance industry

• Distributing insurance products

• Customer service in insurance

• Risk

For more info and to register, visit: lnkd.in/d5_UYzH

The Data Protection Bill was passed! Here is an interesting article

Legal concerns raised over CCTV cameras, drone use

 

Data Protection Bill revival surprises lawmakers – Cayman Compass

Please click on the link for recent and informative article regarding the Data Protection Bill

Data Protection Bill revival surprises lawmakers

Crime stats: Burglaries down, gun crimes up – Cayman Compass Article

Please click on the link….Interesting read!

www.caymancompass.com/2017/02/24/crime-stats-burglaries-down-gun-crimes-up/

Cayman Islands: The Premier Global Financial Hub- Useful Link

 

First Scholarship CIIA Recipient goes to Christina Rivers

The CIIA  are happy to announce that Christina Rivers is the first CIIA scholarship recipient  for the 2016/17 academic year. Christina is majoring for a degree in Actuarial Science, at York University in Toronto Canada where she is currently scheduled to graduate in June of 2020. Christina is a 2013 graduate of Clifton Hunter High School in the Cayman Islands, and also completed an Associate’s degree in Accounting in 2016 at UCCI, prior to heading overseas to complete her Bachelor’s degree.

The CIIA scholarship in conjunction with the Cayman Islands Government Scholarship, will allow for Christina to have full funding for her degree over the 4-year period.

Understanding Health Insurance Terms

Download this guide to Understanding Health Insurance Terms

The Chartered Insurance Institute Examinations Notice

The Chartered Insurance Institute Examinations (CII) will take place at the Conference Centre, Ground Floor, Elizabethan Square from the 4th through the 5th October, 2016.

Any questions please contact the Exam Presiding Officer, Linda Key @ 326-3569

Ministry of Education Partners with CIIA to provide Enhanced Scholarship

The Ministry of Education, Employment, and Gender Affairs and the Cayman Islands Insurance Association (CIIA) have come together to collaborate on an enhanced scholarship award opportunity for young Caymanians.

The “Cayman Islands Insurance Association Scholarship” is valued up to a maximum of CI$30,000.00 per year for up to 4 years of study. It is a combined scholarship award with CIIA providing up to CI$10,000.00 per year to enhance

the Cayman Islands Government Scholarship Award of up to CI$20,000 per year. The scholarship will be awarded to two deserving Caymanians who have an interest in the insurance industry and who wish to pursue studies in insurance, risk management or actuarial sciences. The scholarship will be awarded to one student each for two consecutive years and will then be provided again in 4 years time or sooner depending on when the first two recipients complete their degrees.

Minister for Education, the Hon. Tara Rivers, expressed her gratitude for the partnership with the private sector organisation saying, “I would like to thank CIIA for partnering with the Ministry to provide this enhanced scholarship opportunity to deserving Caymanians interested in pursuing studies relevant to a career in the insurance industry. An exciting component of this partnership is that it will assist with the preparedness of the students to effectively transition into and advance in the insurance industry post completion, as it also provides an opportunity to gain hands on work experience and create networks in the industry.”

This scholarship includes CIIA implementing a mentoring programme and a structured summer employment programme for successful scholarship recipients. This will provide recipients with career guidance, work experience that will align with the students’ courses being taken and money management. CIIA will also include a work readiness component.

Commenting on the scholarship, CIIA Secretary Mrs. Linda Key said, “One of the main focuses of the CIIA is education and professional development of our own members to increase their knowledge of insurance, and also for the public who may have an interest in various insurance topics. The offer of our Scholarship is to encourage talented individuals in Cayman to look at a career in the insurance industry. We are very excited to begin this partnership with the Ministry of Education and work with the respective CIIA scholarship recipients as they pursue their undergraduate degrees.”

The CIIA was formed in 2004 to bring together the various associations representing the insurance industry in the Cayman Islands. The CIIA seeks to unite all member agents, brokers and companies to create and maintain the highest standards of service, ethics, transparency and good practice in all aspects of insurance in the Cayman Islands, thus protecting and promoting the national and international reputation of the Cayman Islands insurance market. CIIA’s website is www.ciia.ky.

For more information on the scholarship please visit www.education.gov.ky/scholarships or email the Scholarship Secretariat at or call 244-2482.

(L-R) Minister for Education Hon. Tara Rivers, JP, Manager Scholarship Secretariat Mrs. Deirdre Carmola, CIIA Secretary Mrs. Linda Key and CIIA Subcommittee Member Mrs. Laverne Jackson sign the MOU for the new Cayman Islands Insurance Association Scholarship.

(L-R) Minister for Education Hon. Tara Rivers, JP, Manager Scholarship Secretariat Mrs. Deirdre Carmola, CIIA Secretary Mrs. Linda Key and CIIA Subcommittee Member Mrs. Laverne Jackson sign the MOU for the new Cayman Islands Insurance Association Scholarship.