The Asian Institute of Insurance (Aii), formerly known as the  Malaysian Insurance Institute (MII), has embarked on a strategic rebranding that  reflects its ambition to lead insurance education and professional development across  Asia. This transformation marks a significant milestone in Aii’s journey from a  national institution to a regional powerhouse.

Founded in 1968 as Pusat Latihan Insurans Malaysia, the Institute has been  instrumental in shaping the Malaysian insurance landscape and providing certification  courses across ASEAN for over 50 years. “Our journey began with the goal of raising  professional standards in Malaysia’s insurance sector,” said Paul Low, CEO of Aii.  “By 1984, we evolved into the Malaysian Insurance Institute, signaling our expanding  influence. Today, as the Asian Institute of Insurance, we are ready to broaden our  impact across Asia.” 

Low highlighted the evolution of Malaysia’s insurance industry which is intertwined  with the nation’s rise to a leading economy in Asia. “While the roots of Malaysia’s  insurance sector date back to the 1800s, its development mirrors the country’s unique  needs and aspirations,” Low said. “Despite facing economic challenges, shifting  consumer demands, and the need for heightened professionalism, the industry has  consistently strived to enhance its knowledge and skills base.”

The rebranding underscores Aii’s commitment to addressing the changing needs of  the insurance industry in a dynamic global landscape. With a membership of 23,250  professionals across nine countries, Aii is strategically positioned to drive initiatives  that elevate skills and professionalism throughout Asia. Through its equipping tracks  anchored on the Future Skills Framework, Aii integrates essential core and advanced  skills to support the upskilling of the insurance workforce. 

Aii’s qualifications are recognised by esteemed international organisations, including  the UK’s Chartered Insurance Institute and the Australian and New Zealand Institute  of Insurance and Finance. “Our focus is on enhancing our capabilities in  digitalisation, artificial intelligence (AI), and environmental, social, and governance  (ESG) principles,” Low added. “These efforts will help solidify our goal of becoming  the ‘Harvard’ of the insurance industry.” 

The launch of Aii was officiated by YBhg Dato’ Seri Abdul Rasheed Ghaffour,  Governor of Bank Negara Malaysia. This significant event celebrates Aii’s legacy of  excellence and marks the beginning of a new era of growth and innovation for the  insurance sector in Asia. 

#MalaysianBusiness #AsianInstituteOfInsurance #InsuranceEducation #ProfessionalDevelopment #Rebranding #InsuranceIndustry #ASEAN #FutureSkills #Digitalisation #AI #ESG #InsuranceInnovation #RegionalPowerhouse

Twitter