Swiss Re Opens HK Training Center

Swiss Re announced that it has officially opened the “Swiss Insurance Training Centre (HK) [SITC-HK], to mark the company’s 50th year in Asia-Pacific.” Swiss Re said the new facility will provide “state-of-the-art courses for insurance and reinsurance professionals from throughout the region.”

Frederick Ma, Secretary for Financial Services and the Treasury, who joined the guests at the opening ceremony at SITC (HK) in Hong Kong’s Cyberport, commented: “The opening of SITC Asia-Pacific campus will help to reinforce Hong Kong’s position as a regional insurance hub and support our continuous effort to upgrade our insurance human resources.”

He also pointed out that Swiss Re’s decision to open then new training center was a recognition of the fact that “nowadays over 40 percent of SITC’s student base in its Zurich center actually come from Asia.” He indicated that this is “a testimony to the growing significance and opportunities of the Asia insurance market.”

The bulletin noted: “Wang Guo Liang, Chairman of China Pacific Insurance Company (CPIC) and Vice President of the Insurance Institute of China also sent his congratulations to SITC (HK). Mr. Wang said, ‘China’s insurance industry has continuously sustained 30% growth over the past few years. Swiss Re and CPIC share the same belief that in order to keep abreast in this competitive environment, top priority has to be placed on education and training to enhance the professionalism of our staff and industry as a whole. Not only will CPIC professionals benefit from the newly set up Hong Kong campus by Swiss Re, fellow insurance and reinsurance professionals will gain from the vast portfolio of courses on offer.'”

Swiss Re described its SITC as “dedicated to the training of insurance professionals at various career levels. Classroom learning is open to members of the insurance industry. Most courses are residential, ranging from the Discovery program designed for new entrants to the industry, to advanced technical courses in life and non-life insurance underwriting, including workshops in marine, engineering, medical and other specialist topics, as well as leadership development programs for senior managers.”

Pierre Ozendo, Swiss Re Group Executive Board member, in his opening remarks, commented: “This new facility is an expression of gratitude to a region that has been our home for 50 years. To Swiss Re, this learning center symbolizes our continued commitment to the region, to the insurance industry here, and importantly, to the people who will succeed us as leaders in the future.”

Also present at the ceremony were “the first class of trainees, including 50 hailing from insurance companies in China, India, and Indonesia, were among those attending today’s ceremonies,” said the bulletin.

Topics China Market Training Development Swiss Re