Muscat: The Capital Market Authority has commenced a training programme for those who work in the insurance sector this week by specialised programme on insurance risk management with the participation of 30 trainees for the employees of claims, underwriting and investment departments.
The training focused on importance of risk management.
The three-day programme will acquaint the participants with risk management tools, risks of cash flows and risk transfer strategies, insurance and risk management philosophy and the key internal controls.
The programme is part of CMA’s continued efforts to provide training which commenced in 2015 to provide the national cadres with knowledge and skills required to manage the business efficiently.
This year’s programmes comprise 18 training programmes and four workshops in addition to two diploma programmes in health insurance within the strategic plan to enhance the level of Omanisation in the insurance sector. The event is continuation of the training series CMA has commenced in 2015, which resulted in training 400 employees in 2015 and continued in 2016 with a training of more than 500 employees.