ADDIS ABABA –Promoting local trainings would help Ethiopia reduce expenses to teach insurance professionals overseas, Bruh Finance Company announced, as it commenced a diploma program for higher insurance managers.
Bruh Finance Founder and CEO Getachew Beshahwred told The Ethiopian Herald that the company is providing training to create skillful insurance professional in certificate insurance (Cert. CII).
It has now started training in diploma to produce skillful insurance professionals with the help of local teachers and in pursuit of promoting domestic knowledge complying with international standards, he stated.
“We are giving providing to fulfill the domestic insurance professional gap by recruiting experts in the insurance sector – what the nation needs at this time,” he said.
According to Getachew, such local trainings has an immense advantage to the country to recruit skillful manpower without spending huge money for overseas’ education.
To compete with rest of world, we need to improve industry in which Bruh Finance is playing part through inaugurating the first diploma program for 50 insurance higher managers last Saturday, he noted.
The Founder said that the company will expand its training program to major cities shortly to qualify and recruit competent insurance professional across the nation in order to fill the gap in the industry.
“Insurance industry must run and guided by professionals as major economic activities need insurance services when the economy shows growth,” he said.
Getachew added that his aim is to bring international qualification and exposure of insurance to Ethiopia and create link Addis with the rest of the world especially with Chartered Insurance Institute.
Association of Ethiopian Insurers President and CEO of Nyala Insurance SC, Yared Molla on his part said that his company is working with Bruh Finance to mitigate shortage of skilled manpower that has seen in the Ethiopian insurance industry.
“We are happy on the inauguration of the Bruh Finance and Chartered Insurance Institute (CII) Diploma Program for 50 higher insurance managers drawn from all insurance companies in the nation in partnership with the Association of Ethiopian Insurers. This is a significant milestone that doubles Ethiopia’s number of diploma holders in CII,” he said.
To him, the inauguration of the program marks a pivotal moment in the professional development of country’s insurance sector, fosters expertise and enhances the industry’s standards and inspires future professionals to pursue excellence in their fields.
“We need competent professional in the industry to serve the customer at better and standard level,” Yared said.
He also hailed the recent decision made by the National Bank of Ethiopia to act as independent regulator and move in the insurance industry is a major support and one stride in the transition.
BY MISGANAW ASNAKE
THE ETHIOPIAN HERALD WEDNESDAY 31 JULY 2024
