 | The College of Insurance was formed after a lot of consultation between the Government, and the players in the Insurance industry. This was after realization that the existing overseas course CII was not only expensive but less consonant with the local market needs. A curriculum that incorporated the local culture, socio-economic and legal scenario was developed.
With Government help, the local Insurance industry incorporated the Insurance Training and Education Trust (ITET) under the perpetual Trustees Act (Cap 64) of the laws of Kenya.
The Insurance Training and Education Trust established the College of Insurance situated at-Nairobi- South C, Six Kilometers from the city center. The ITET is made up of Trustees drawn from the Insurance industry, the Government and other stakeholders.
Currently the College of Insurance is supported by an insurance training levy introduced in 1994 by the government on all non life policy premiums which are collected by the government through the insurers.This is besides the internally generated income through training programmes and other sources.
The college opened its doors for training in 1991 and first with trainees in short and management courses taking a maximum of 10 days. In 1996, the government introduced a course for all agents (COP) Certificate of Proficiency. This program is mandatory for all Insurance agents and this course continues to attract large numbers.The first examinations were held in 1997.
By 2001 ITET had developed a Diploma course in Insurance and the first examinations were held in 2nd semester 2001. The number of Insurance courses offered at the College has grown both local and international programs. The College is an examination center for many foreign exams.
The College aims at being a distinguished trainer in Insurance and Business Management in East Africa and beyond.
Vision
“To be a leading Centre of Excellence in the Provision of Insurance and related Management Education.”
Mission
“To Train and Develop World Class Insurance and Business Professionals while enhancing Stakeholders value” |
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