Malaysian Insurance Institute to provide IRM services
The Institute of Risk Management (IRM) today announced a new partnership with the Malaysian Insurance Institute (MII).
The agreement will see MII providing and promoting IRM’s risk management professional programmes in Malaysia
A qualification and training framework has been agreed for MII to provide the IRM Certificate in Risk Management, the International Diploma in Risk Management and the ‘Management of Risk and Uncertainty’ short training course for the local Malaysian market.
A special fee package has been agreed to make these qualifications more affordable in Malaysia and the courses will also be tailored to ensure that references to practices and regulations are fully relevant in the Malaysian context.
Although the IRM qualifications are normally studied on-line and by distance learning, MII will additionally be offering classroom-based study.
MII will also be seeking to develop local talent in Malaysia so that in the longer term local training expertise will be available.
Khadijah Abdullah, chief executive of the MII, said: “We are very pleased and excited about this international strategic partnership as there is a growing demand for risk management professional programmes in Malaysia, not only for the insurance industry but increasingly across all sectors. We feel this collaboration is particularly meaningful as IRM is renowned internationally for its risk management education and its focus on enterprise risk management.”
“Good risk management is one of the key elements of the code of corporate governance and those responsible need a structured education framework. We are very pleased that this initiative is fully supported by the Malaysian Institute of Corporate Governance (MICG) and the Malaysian Association of Risk Managers (MARIM). There is a great deal of interest in the programmes with a number of leading corporations eagerly awaiting enrolment details.”
Steve Fowler, chief executive of the IRM, said: “MII continues to demonstrate its commitment to providing high quality risk management education and training and we are very pleased to be working with them. We recognise the benefit and strategic advantage arising from bringing together the competencies of both institutes and hope that through this partnership the interests of the profession of risk management in South East Asia can be further promoted.”
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