The Capital Market Authority  continued  providing training programs for the national carders working for the insurance sector and commenced  on Sunday a training program on the Basics of General Underwriting  in collaboration with OWS Training  Consultancy Institute. The program will be conducted during the period 23-27 May and is part of the 2021 training programs related to Tamkeen initiative which aims to empower the national cadres working for the insurance sector and will be organized through ZOOM.

Basics of general underwriting is a significant training program and aims to acquaint the participants with the basics of underwriting such as the roles of insurance underwriters with the participation of the employees of operational  departments in insurance companies. The participants will be acquainted with underwriting  practices and procedures in addition to using  statistical data in underwriting operations beside  introducing pricing principles and practices, the factors affecting the underwriting profitability and the impact of employing information technology in underwriting.

It is note worthy that  CMA has annual training plans including  short term and long term programs to achieve the  Tamkeen vision in the insurance sector .The 2021 plan is based on  the quality of the programs to furnish specialized cadres. Omanization ratio in the insurance sector at the end of 2020 was 79% with 51.7% in senior positions, 72.4% in  medium positions and 85.7% in the operational roles.