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Malta International Training Centre Awareness Session for Guidance Teachers MITC’s contribution to Training within the Financial Services Industry.

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Presentation on theme: "Malta International Training Centre Awareness Session for Guidance Teachers MITC’s contribution to Training within the Financial Services Industry."— Presentation transcript:

1 Malta International Training Centre Awareness Session for Guidance Teachers MITC’s contribution to Training within the Financial Services Industry

2 Brief CV of Presenter Andre Farrugia FCII AIRM Chartered Insurance Practitioner Initiated insurance career in 1992 working for an insurance company Currently – Director of Studies at MITC Visiting lecturer at MCAST Obtained the Associateship of the Chartered Insurance Institute later achieving the Fellowship of the same Institute Furthered studies in Risk Management obtaining the Associateship of the Institute of Risk Management and currently completing the Fellowship with the same Institute Preparing to embark on a PhD on Insurance with Napier University Scotland

3 History of MITC Established in 1981 Owned by MIB and MSI Served as an Insurance Centre

4 CompositionShareholders: Malta Financial Services Authority Malta Insurance Association Malta Arbitration Centre Malta Stock Exchange Middlesea Insurance MAIN BOARD OF DIRECTORS EXECUTIVE BOARD OF DIRECTORS

5 Services Training in Insurance Financial services Risk management Actuarial studies Insurance accounting Arbitration Consultancy

6 Clients Albania, Antigua, Bahamas, Barbados, Bahrain, Bangladesh, Belize, Bulgaria, Burma, Brunei, Cayman Islands, Christmas Islands, Cyprus, Domenica, Egypt, FYR Macedonia, Gambia, Ghana, Grenada, Guyana, Hungary, India, Italy, Jamaica, Jordan, Kiribati, Kosovo, Kuwait, Lebanon, Libya, Malawi, Malaysia, Maldives, Mauritius, Namibia, Nigeria, Oman, Pakistan, Palestine, Romania, Russia, Saudi Arabia, Seychelles, Sicily, Sierra Leone, Singapore, Sudan, Slovenia, Sri Lanka, St. Lucia, Swaziland, Trinidad & Tobago, Tonga, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States of America, West Indies, Zambia and Zimbabwe.

7 Objectives To provide an International Centre for Education that caters for the professional requirements of students on a world-wide basis. To assist students studying for Insurance, Risk Management and Financial Services qualifications and other related studies. To further increase the professional status of employees both locally and overseas.

8 Functions MITC serves as the academic body for participants to obtain certification, diplomas and qualifications Provides a professional qualifications ladder Provides a stepping stone in obtaining internationally recognised qualifications (example: The MITC Applied Insurance Studies Diploma is fully recognised by the Chartered Insurance Institute, other MITC products attract CII credits) Serves as a medium for prospective employment Analysis industry training needs and delivers programmes to meet these requirements effectively

9 Co-operation Malta Insurance Institute Malta Institute of Loss and Risk Management Malta Insurance Association Malta Arbitration Centre Malta Financial Services Authority Foundation for International Studies Commonwealth Secretariat MCAST ETC Institute for Financial Services Practitioners University of Malta

10 Resources Premises equipped with library / books Information technology tools Online info packs and assessment for students (via a third party service provider) MITC operates via a network of circa 50 visiting lecturers who are either practitioners in the industry, local academics or foreign visiting lecturers

11 Training methods Traditional / Tutorials Use of visuals On site visits Business visits to various operators and authorities Specialist talks and seminars Practical/syndicate exercises, group discussion Flexi-basis Programmes

12 Training objectives Technical information Knowledge input Continuous professional development Business skills Business ethics

13 Examinations MITC is an official examination centre in Malta for –The Chartered Insurance Institute –The Institute of Risk Management –The Securities Institute –The Chartered Institute of Loss Adjusters –The Caledonian Business School

14 Accreditation Already accredited by the CII Aiming to obtain an EFICERT badge Looking at obtaining ISO certification

15 Corporate social responsibility Sponsorships for those in need Assisting students to enter into the insurance industry Running of a student/worker scheme Schemes for unemployed Career guidance and advice Assist students with their research

16 The Future Intend to create an on-line centre To provide tuition services and information packs on-line To introduce on-line exams by which international students could be better reached


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