The Malaysian Insurance Institute (MII), the leading professional body and education institution for the local insurance industry recently signed a Memorandum of Agreement (MoA) with the Malaysia University of Science and Technology (MUST) that will allow MII graduates to pursue higher learning and advance career growth.
The MoA will provide graduates of the Associateship of the Malaysian Insurance Institute (AMII) to pursue the Professional Master in Business Administration (MBA) programme at MUST with a twenty percent rebate from the total tuition fees of RM25,000.
AMII graduates will get an additional privilege where they will be granted a maximum of four subjects of “Advance Standing” from the twelve offered in the MBA programme.
Present at the MoA signing were Tan Sri Effendi Norwawi, the Chairman of MUST, Encik Hashim Harun, the Chairman of MII, Dato’ Haji Syed Moheeb bin Syed Kamarulzaman, the CEO of MII, Professor Dr.Premkumar Rajagopal, the President of MUST and guest speaker, Professor Emeritus Tan Sri Dr. Khoo Kay Kim, National Historian and Academician.
Hashim, who delivered his address at the MoA, reiterated the importance and relevance of the MII in spearheading the development of talent in the insurance industry.
“In these dynamic and fast changing times, the MII is committed to ensure talent development in the local insurance industry through continuous learning. It is with great honour that we enter into the MoA with MUST, a leading and recognised higher education provider that offers a broad spectrum of high quality academic programmes in advanced business, science and technology.”
“The Bank Negara Governor has stated that insurers need to groom talent to move to the next level and MII is pushing this initiative with MUST to achieve that goal. The MBA with MUST will give insurance professionals an added edge in their career development and will ensure that they have the relevant skills and knowledge to execute their functions better for the good of the insurance industry,” said Hashim.
Effendi commented that the MoA with MII will establish a solid and long-term collaboration between the two parties to provide AMII graduates a pathway to the MBA programme.
“We are indeed pleased to ink the partnership with MII in today’s MoA signing. We take heed of the government’s call to attract and nurture talent and the tie-up with the MII will be a positive step towards achieving that objective,” said Tan Sri Effendy.