Malta International Training Centre

Awareness Session for Guidance Teachers

MITC’s contribution to Training within the

Financial Services Industry

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

History of MITC

Established in 1981

Owned by MIB and MSI

Served as an Insurance Centre

CompositionShareholders:Shareholders:

Malta Financial Services Authority

Malta Insurance Association

Malta Arbitration Centre

Malta Stock Exchange

Middlesea Insurance

MAIN BOARD OF DIRECTORS

EXECUTIVE BOARD OF DIRECTORS

ServicesTraining in

• Insurance

• Financial services

• Risk management

• Actuarial studies

• Insurance accounting

• Arbitration

• Consultancy

ClientsAlbania, 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.

ObjectivesTo 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.

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

Co-operationMalta 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

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

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

Training objectives

• Technical information• Knowledge input• Continuous professional development• Business skills• Business ethics

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

Accreditation

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

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

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 www.mitcentre.com