In February, the Chartered Insurance Institute (CII) celebrated its 10-year anniversary of operations in the south Asia region.
The CII first established its liaison office in India in 2007, in Mumbai, with Sainesh Dar appointed head of corporate development for south Asia and tasked with setting up a regional team to provide support to the growing local markets. The first agreement signed by the CII in this region was with the Life Insurance Corporation of India, to develop and upskill its top-level club members.
During the past decade, the CII has established educational and strategic associations with the the Insurance Regulatory and Development Authority of India, the Institute of Insurance and Risk Management, Birla Institute of Management Technology, the Insurance Institute of India, life and non-life insurance companies, and business process outsourcing firms, to promote professional standards across different segments in India.
The CII has more than 1100 members in India, Sri Lanka and Bangladesh
Mark Greenwood, international director at the CII, said: "Our profession continues to experience dramatic change, driven by both consumer expectations and new technology. The CII in India is committed to working with the market to help develop standards and drive public trust. With your continued support we can work together, and I truly believe we can create a trusted profession -- one we are all proud to be part of."
To celebrate the momentous occasion, a dinner took place at the InterContinental Hotel in Mumbai with more than 40 guests present including CII CEO Sian Fisher, directors of the CII and local partners.
Today, more than 2,000 students take CII exams every year in the region, while the CII has more than 1,100 members in India, Sri Lanka and Bangladesh and 16 public exam centres. It has run 45 face-toface training programmes in the past decade. Praveen Gupta, CEO of Raheja QBE, said: "India is one of the fastest-growing emerging markets, with some amazing and exciting long-term possibilities. Powered by the gold standard [of Chartered], the CII could deliver world-class solutions to Indian customers. Together, let us make it happen."