The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) announced today that the Selection Committee has decided on the recipients for the two scholarships they provide for the Associates in Captive Insurance (ACI) designation, offered by the International Center for Captive Insurance Education (ICCIE).
This BFSB and ICB scholarship initiative was launched in 2013, in collaboration with the Bahamas Insurance Association (BIA) and the Insurance Institute of The Bahamas (IIB), both of which also serve on the Selection Committee. CEO Aliya Allen says BFSB selected this programme because it was strongly supported by industry and also because of its stated mission: “to be the premier provider of captive insurance education and to offer the pre-eminent professional designation in captive insurance.” Designation students complete a comprehensive captive insurance education programme - including ICCIE’s own proprietary curriculum and testing - in order to earn the ACI professional designation.
The recipients for 2015 are Rashanna Ingrid Thompson, an Account Executive at RMS Insurance Agents & Brokers Ltd.; and Yolanda G. Moss, an Account Executive at J.S. Johnson & Co. Ltd. Ms. Allen explains that one of the criteria the Selection Committee looked at in particular was the track record of applicants in terms of their dedication to enhancing their skills sets through ongoing professional development. Additionally, consideration was given to employment history within the sector as well as to personal statements by the applicants on why they were pursuing the scholarship. Both of these applicants impressed the Committee with their perceived and planned role in the development of the captives sector and the financial services industry as a whole.
Development and promotion of the insurance sector, inclusive of Captives, is an integral part of BFSB’s strategic and business development efforts. BFSB, in collaboration with the ICB, regularly participates in international conferences such as CICA and RIMS, supports ongoing sector print and online marketing campaigns, and hosts annual insurance-relevant industry briefings and seminars.
ICCIE is the first and only comprehensive captive insurance education programme in North America, and its courses are relevant to any domicile around the world. The ACI designation is recognised and respected globally and though this scholarship programme, BFSB and the ICB - and industry partners - hope to build a cadre of qualified professionals.
ICCIE was developed in 2004 in direct response to a need expressed by captive insurance professionals for in-depth educational offerings, information on current topics, and a professional designation. ICCIE recruits some of the most recognized names in captive insurance to serve as instructors.
Photo Caption: Seated are recipients Rashanna Thompson and Yolanda Moss. Standing, left to right are Dr. Rhonda S. Chipman-Johnson, Coordinator of the Bahamas Insurance Association (BIA); Aliya Allen, CEO, Bahamas Financial Services Board (BFSB); Yvette Ingraham, President of the Insurance Institute of The Bahamas (IIB); and Carl Culmer, Analyst (ICB). Selection Committee Member not pictured is D. Nguyen-Comito, Senior Consultant at BFSB.