Malta International Training
Centre
Awareness Session for Guidance Teachers
MITC’s contribution to Training within the
Financial Services Industry
Brief CV of Presenter
• Andre Farrugia FCII AIRM Chartered Insurance Practitioner
• Initiated insurance career in 1992 working for an insurance
company
• Currently – Director of Studies at MITC
• Visiting lecturer at MCAST
• Obtained the Associateship of the Chartered Insurance
Institute later achieving the Fellowship of the same Institute
• Furthered studies in Risk Management obtaining the
Associateship of the Institute of Risk Management and
currently completing the Fellowship with the same Institute
• Preparing to embark on a PhD on Insurance with Napier
University Scotland
History of
MITC
Established in 1981
Owned by MIB and MSI
Served as an Insurance Centre
Composition
Shareholders:
Malta Financial Services Authority
Malta Insurance Association
Malta Arbitration Centre
Malta Stock Exchange
Middlesea Insurance
MAIN BOARD OF DIRECTORS
EXECUTIVE BOARD OF DIRECTORS
Services
Training in
• Insurance
• Financial services
• Risk management
• Actuarial studies
• Insurance accounting
• Arbitration
• Consultancy
Clients
Albania, Antigua, Bahamas, Barbados,
Bahrain, Bangladesh, Belize, Bulgaria, Burma,
Brunei, Cayman Islands, Christmas Islands,
Cyprus, Domenica, Egypt, FYR Macedonia,
Gambia, Ghana, Grenada, Guyana, Hungary,
India, Italy, Jamaica, Jordan, Kiribati,
Kosovo, Kuwait, Lebanon, Libya, Malawi,
Malaysia, Maldives, Mauritius, Namibia,
Nigeria, Oman, Pakistan, Palestine, Romania,
Russia, Saudi Arabia, Seychelles, Sicily, Sierra
Leone, Singapore, Sudan, Slovenia, Sri Lanka,
St. Lucia, Swaziland, Trinidad & Tobago,
Tonga, Turkmenistan, Uganda, Ukraine,
United Arab Emirates, United Kingdom,
United States of America, West Indies,
Zambia and Zimbabwe.
Objectives
To provide an International Centre for
Education that caters for the
professional requirements of students
on a world-wide basis.
To assist students studying for
Insurance, Risk Management and
Financial Services qualifications and
other related studies.
To further increase the professional
status of employees both locally and
overseas.
Functions
• MITC serves as the academic body for participants to
obtain certification, diplomas and qualifications
• Provides a professional qualifications ladder
• Provides a stepping stone in obtaining internationally
recognised qualifications (example: The MITC Applied
Insurance Studies Diploma is fully recognised by the
Chartered Insurance Institute, other MITC products
attract CII credits)
• Serves as a medium for prospective employment
• Analysis industry training needs and delivers
programmes to meet these requirements effectively
Co-operation
Malta Insurance Institute
Malta Institute of Loss and Risk
Management
Malta Insurance Association
Malta Arbitration Centre
Malta Financial Services Authority
Foundation for International Studies
Commonwealth Secretariat
MCAST
ETC
Institute for Financial Services Practitioners
University of Malta
Resources
• Premises equipped with
library / books
• Information technology tools
• Online info packs and assessment for
students (via a third party service provider)
• MITC operates via a network of circa 50
visiting lecturers who are either
practitioners in the industry, local
academics or foreign visiting lecturers
Training methods
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Traditional / Tutorials
Use of visuals
On site visits
Business visits to various operators and
authorities
Specialist talks and seminars
• Practical/syndicate exercises, group
discussion
• Flexi-basis Programmes
Training objectives
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Technical information
Knowledge input
Continuous professional development
Business skills
Business ethics
Examinations
• MITC is an official examination centre in
Malta for
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The Chartered Insurance Institute
The Institute of Risk Management
The Securities Institute
The Chartered Institute of Loss Adjusters
The Caledonian Business School
Accreditation
• Already accredited by the CII
• Aiming to obtain an EFICERT badge
• Looking at obtaining ISO certification
Corporate social responsibility
• Sponsorships for those in need
• Assisting students to enter into the insurance
industry
• Running of a student/worker scheme
• Schemes for unemployed
• Career guidance and advice
• Assist students with their research
The Future
•Intend to create an on-line centre
•To provide tuition services and information
packs on-line
•To introduce on-line exams by which
international students could be better reached
www.mitcentre.com