Source: PIAM, 30 September – 1 October 2019
Persatuan Insurans Am Malaysia (PIAM) held a two-day orientation and industry program for the 14th intake at Akademi Etiqa, Kuala Lumpur. For this intake, PIAM received more than 100 applications and 21 were selected to undergo their internship training with seven PIAM member companies.
The interns are undergraduates from the faculties of Business & Economics, Arts, Actuarial Science and Finance, Human Capital Management & Finance and Investment from Universiti Tunku Abdul Rahman (UTAR), UCSI University, Universiti Teknologi Mara (UiTM), Kolej Poly-Tech MARA and Management & Science University (MSU).
At the orientation, the interns were briefed about the industry landscape, market performance and key issues faced by the industry.Industry speakers then presented on Underwriting, Claims, Business Development, Compliance, Analytics, Loss Adjusting and the role of The Malaysian Insurance Institute.
The interns were also taught soft skills on effective communications, problem solving and presentation techniques, among others. In this program, the interns went through a 12 to16 weeks structured internship program with rotation among the various departments such as claims, underwriting, actuary, casualty, pricing valuation and finance.
As of end August 2019, a total of 386 interns completed their internship training while 51 were successfully recruited by PIAM member companies upon their graduation. The 15th intake is in progress for January – March 2020 internship period and PIAM is targeting to recruit between 25 and 30 interns to this program.
General Insurance Internship forTalent (GIIFT) is positioned as an awareness enhancing program to reach out and profile the industry to the pool of young talent at local universities. It showcases the rich and varied career opportunities in the world of General Insurance by exposing these talent to short internships at the various member companies, and allowing them to gain an insight of General insurance as a global and dynamic industry to work in. It is opened to undergraduates of all disciplines in the local or international universities in Malaysia. The pilot run of Project GIIFT was launched on 1 July 2015, with
a pioneer batch of 12 interns.