Follow Us:

UNESCO, Yangon University of Economics and Willis join to bring Insurance Industry Training to Myanmar Youth

In July, UNESCO’s Centre for Excellence in Business Skills Development (CEBSD), in close collaboration with the Yangon University of Economics (YUE) and leading global insurance firm Willis Towers Watson, brought insurance industry experts and 62 MBA students together for a 5-day training course at Yangon University of Economics (YUE).

The CEBSD, an innovative public-private partnership between UNESCO, YUE and PepsiCo, aims to improve employment outcomes for young people in Myanmar. With roots dating to London in 1828, Willis Towers Watson is a leading global advisory, broking and solutions company, which has 39,000 employees in more than 120 countries. 

Dr. Moe Moe Khaing, Head of YUE Department of Management Studies, welcomed the insurance industry experts to the University and noted the importance of the programme for both MBA students and University lecturers. Her remarks were echoed by Country Representative Officer for Willis Towers Watson, Daw Khaing Zar Aung, who said, “Willis aims to provide a space where the students and the academic community can discuss principles of insurance that effect the development of skills, knowledge and career opportunities in Myanmar”.

Willis Towers Watson designed an interesting programme and high quality teaching materials, which were delivered by 10 experts from Willis and 3 other leading industry players, namely AIA Group, MetLife and XL Catlin. Over the 5 days, MBA students learned about many aspects of insurance, an emerging sector in Myanmar, and one which has experienced significant growth since the market was opened up in 2013.

The course started with general insurance principles, including risk, underwriting, broking, claims handling and reinsurance, then moved onto the specific characteristics of a range of sectors, including construction, aviation, space, energy, marine and healthcare, before ending with a test, which had a pass rate of over 80%.

Future plans for CEBSD and Willis include advanced insurance industry training for YUE MBA students and insurance industry seminars for the Myanmar public.

 

For further information on the CEBSD please contact Seint Sandar Hlaing, National Project Coordinator, ss.hlaing@unesco.org , Tin Nilar Aye, Project Assistant tn.aye@unesco.org or Frank Storey, TVET Specialist f.storey@unesco.org



17.08.2016