The forum is designed to promote excellence in insurance and reinsurance knowledge. It will enable IUA members to meet regularly and encourage good staff development principles to be adopted.
An inaugural meeting has already been held for the group which currently has members representing a dozen leading companies in the London Market. Among the topics on the agenda was the IUA’s support for various market training programmes including the Chartered Insurance Institute’s Award in London Market Insurance and the Lloyd’s and London Market Introductory Test.
The forum also reviewed the IUA’s training course, ‘Fundamentals of Actuarial Techniques in General Insurance’, which was introduced in response to the growing importance of such techniques in the industry. Candidates for the course have ranged from graduate level new starters to senior staff, including chief underwriting officers.
John Hobbs (pictured) , the IUA’s Director of Market Services, said: “The IUA runs a large number of market groups focussing on technical underwriting, claims, compliance and market modernisation issues.
“It is important that education, training and personal development matters are not overlooked and this new forum will ensure that such topics can be properly discussed by individuals with direct responsibility for knowledge development in individual companies.”
Future meetings of the IUA Education and Training Forum may invite visiting speakers and seek to compile details of training courses that member companies have found beneficial.
The next meeting is scheduled for March and new members are welcome to attend. For further information contact John Hobbs at the IUA on 020 7617 4445, firstname.lastname@example.org.