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ABOUT AITRI PDF Print E-mail
About Us

Spearheading Intellectual Capital Development
Board of Trustee / Management Board

Training Structure/ Functions


Spearheading Intellectual Capital Development 

Besides their immense diversity culturally, the Association of South East Asian Nation (ASEAN)’s member countries remain to be one of the most diverse communities in its economic growth and achievement, the diversity deeply shaped by each country’s social, geography, history and political system. Even today at almost 40, ASEAN is still about ten nations in a community, with some countries economically advanced while others still struggling to overcome hard core poverty.  

Realising that the same disparity applies in the insurance markets, the insurance regulators from the member countries - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam - mooted the idea to establish an institute to strengthen the regional financial co-operation in the area of human resource development in insurance during the ASEAN Summit Meeting in 1999. The idea was to close the gap between the more established insurance markets and the teething market in the region through the provision of necessary avenues and accessibility to education, training and research relating to insurance.

Through the establishment of this institute, the more advanced countries will also be facilitated in assisting their less advanced brothers through the transfer of knowledge and technical know-hows. Towards this aim, the ASEAN Insurance Training and Research Institute (AITRI) was established in September 2000, during the ASEAN Insurance Regulators Meeting, as part of the region’s efforts to restore confidence, regenerate economic growth and promote regional financial stability.  

It was officially incorporated on 1st December 2004. The Malaysian Insurance Institute (MII) was mandated as the Secretariat and AITRI headquarter is now based in the MII building in Kuala Lumpur, Malaysia. Mrs Khadijah Abdullah, the Chief Executive Officer of MII, was appointed as the CEO of AITRI. Registered in Malaysia, AITRI has been receiving strong support from the central bank of Malaysia, Bank Negara Malaysia, since its inception. To ensure the involvement of each member, the insurance supervisor of the member countries were appointed to be the member of AITRI Board of Trustees. AITRI, a non-profit organisation, has since been an important player for a rapid and equitable development of the intellectual capital in the ASEAN insurance market through its three-pronged activities:
 
    
  •           providing training for regulators,
  •           providing training for private sector and
  •           conducting research studies

To facilitate the growth of a stable, transparent and competitive insurance market, AITRI has been vigorously pushing for the adoption of the International Association of Insurance Supervisors’s (IAIS) core principles. The adoption will ensure the implementation of standardized regulations and practices in the region’s markets, consequently smoothing cross-border collaboration and discussion.

As a research body, AITRI undertakes regional study projects on a collective need basis for the member countries, in which general assistance is extended to students who are conducting the research in insurance. Two researches have been carried out by AITRI so far. They are “A Comparative Analysis on Current Insurance Law and Its Supervision in the ASEAN Region” and “Study on Human Resource Development Needs for ASEAN Insurance Regulators and Insurance Industry”. 

As most of the programmes carried out by AITRI stress on building the capacity in the low income countries, sustainable access to financial resources and resource persons are two key determinants for AITRI’s long term growth. A not-for profit organisation, AITRI is continuously looking for and securing the funding and expertise support from international donors to realize the programmes planned out to develop industry competencies in the region’s insurance market. 

AITRI donor include International Association of Insurance Supervisors (IAIS); an international body promoting standard and best practices in insurance supervision and regulation, The Financial Sector Reform and Strengthening (FIRST) Initiative; an international multidonor program supporting capacity building and policy development projects in the financial sector, Give2Asia; a U.S. non-profit organisation established by The Asia Foundation to increases the quality and quantity of charitable investments in Asia and The Organisation for Economic Cooperation and Development (OECD); a group of 30 member countries with a commitment to democratic government and the market economy.  

In conclusion, AITRI continues to strive in assisting the ASEAN countries, with special attention to its less advance members, improve and enhance their capabilities and technical knowledge in the insurance industry so as to have an ASEAN where individual insurance industries continue to challenge and help each other grow on a level playing field. This is done through bringing in experts and funding from donor bodies for training and education programmes for the regulators, private sectors and researchers. 

AITRI welcomes participation from all interested parties who are committed in combining force and helping the institute to develop the ASEAN insurance market to the next level, at par with the developed countries. AITRI welcomes all donors, researchers and technical experts on board.   

For more information on how you can contribute to AITRI and its goals, please contact AITRI and talk to Hairul Hilmi at +603- 2087 8882 extension 212 or email him at This email address is being protected from spam bots, you need Javascript enabled to view it  

Board of Trustee   
and Management Board**

Brunei Darussalam        Hajah Rosni Haji Tungkat
Acting Director of Financial Institutions
Ministry of Finance
Brunei Darussalam
 
 CambodiaMr. Mey Vann
Director Financial Industry Department
Ministry of Economy & Finance
Cambodia
 
 Indonesia **Mr. Isa Rachmatarwata
Head of Insurance Bureau
Ministry of Finance 
Indonesia
 
 Lao PDRMrs. Thongdy Soulichack
Director General of Fiscal Policy Dept
Ministry of Finance
Laos PDR
 
 Malaysia **Mr. Ahmad Hizzad Baharuddin
Director of Islamic Banking and Takaful Dept 
Bank Negara Malaysia
Malaysia
 
 Myanmar

Colonel Thein Lwin
Managing Director of Myanmar Insurance
Myanmar

 
 Philippines **

Mr. Eduardo Malinis
Insurance Commissioner
Insurance Commission of Philippines
Philippines

 
 Singapore **Mr. Low Kwok Mun
Executive Director Insurance Supervision Dept
Monetary Authority of Singapore
Singapore
 
 Thailand **

Mrs. Chantra Purnariksha
Secretary-General
Office of Insurance Commission 
Thailand

 
 Vietnam

Mr. Trinh Thanh Hoan
Director General Insurance Supervisory Authority
Ministry of Finance
Vietnam

 

 

TRAINING STRUCTURE & FUNCTIONS

 

FUNCTIONS

Regulators programmes:

  • conduct training needs analysis 
  • design and develop programmes
  • conduct and evaluate programmes

Industry programmes:

  • co-organise with local training institutes and interested partners in training community


Research:

  • conduct research in priority areas that would benefit ASEAN members on needs and request basis
  
Others:
  • to establish a strong training, learning and research centre in Insurance for ASEAN 
  • to facilitate the development of human capital and leadership in insurance in ASEAN as well as other emerging markets
  • to strengthen the financial capabilty and sponsorship for the regulators programmes
  • to collaborate with international and regional subject matter experts and training institutes
  • to maximise the use of ICT as the collaborative tool in communication and learning

 

 

Last Updated ( Tuesday, 22 June 2010 )