The Chartered Insurance Institute (CII) will be the exclusive provider of professional examinations to the students of the Financial Academy for the Kingdom of Saudi Arabia (KSA) for the next three years.
The agreement will see the CII’s examinations provided across a range of locations in KSA, including Riyadh, Jeddah, Dammam and Abha.
The Financial Academy was established, in line with the country’s Vision 2030 and the financial sector development programme, to provide a range of learning and development solutions that equip banking and finance practitioners.
Raising professional standards
Sian Fisher, chief executive of the CII, said: “We are delighted to be entering into this exclusive agreement with The Financial Academy to provide their students with our internationally recognised examinations.
“The CII is committed to raising professional standards for the benefit of consumers, and we hope this will be a very significant development for the Middle East’s insurance and financial planning sectors.”
Mana Al Khamsan, director general of The Financial Academy, said: “We searched for the most prestigious international institutes in the field of professional development and we chose the CII because of their experience and specialisation in this sector.
“In partnership with them, we are guaranteeing our members of accredited qualifications which will serve to drive up public confidence in the insurance and financial planning sectors within our country.”
Global reach
The CII has 127,000 members across the globe and is a member of the Chartered Body Alliance and the Institute for Global Insurance Education.
It is headquartered in the UK, with a Middle East office located in Dubai.
