ANZIIF bounces back with Indonesia venture
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced an education partnership with Indonesian insurance and risk management training institution Sekolah Tinggi Manajemen Risiko dan Asuransi (STIMRA).
Under the agreement STIMRA will teach and conduct examinations for the ANZIIF Certificate IV in Financial Services – General Insurance and the Diploma of Financial Services – General Insurance, in the local language, Bahasa Indonesia.
Jakarta-based STIMRA is supported by more than 350 companies and has similar relationships with overseas universities and institutes.
The deal comes less than two months after a merger between ANZIIF and the London-based Chartered Insurance Institute (CII) was called off, ostensibly because ANZIIF’s revenues had fallen for the second year in a row. However, London sources have told insuranceNEWS.com.au the merger plan met considerable opposition from rank-and-file CII members.
ANZIIF has 12,500 members and $6 million in reserves, and CEO Joan Fitzpatrick insists the revenue problem was a short-lived aberration the CII was aware of.
Local industry training pundits say the rationale for the ANZIIF-CII merger was based around the need to combine their efforts in the booming Asian professional education field.
Last year ANZIIF established a technical education and training centre for the Vietnamese Ministry of Finance, and expects continued expansion and growth this year in China, Hong Kong and Vietnam.
Under the agreement STIMRA will teach and conduct examinations for the ANZIIF Certificate IV in Financial Services – General Insurance and the Diploma of Financial Services – General Insurance, in the local language, Bahasa Indonesia.
Jakarta-based STIMRA is supported by more than 350 companies and has similar relationships with overseas universities and institutes.
The deal comes less than two months after a merger between ANZIIF and the London-based Chartered Insurance Institute (CII) was called off, ostensibly because ANZIIF’s revenues had fallen for the second year in a row. However, London sources have told insuranceNEWS.com.au the merger plan met considerable opposition from rank-and-file CII members.
ANZIIF has 12,500 members and $6 million in reserves, and CEO Joan Fitzpatrick insists the revenue problem was a short-lived aberration the CII was aware of.
Local industry training pundits say the rationale for the ANZIIF-CII merger was based around the need to combine their efforts in the booming Asian professional education field.
Last year ANZIIF established a technical education and training centre for the Vietnamese Ministry of Finance, and expects continued expansion and growth this year in China, Hong Kong and Vietnam.