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April 22, 2018

Graduation Ceremony of the first Microinsurance Diploma

JICA witnessed on Sunday, 22nd of April 2018, the graduation ceremony of the first Microinsurance Diploma in the world that was awarded by the Insurance Institute of Egypt (IIE) as a result of the technical cooperation between JICA and the Financial Regulatory Authority (FRA).

The graduation ceremony was attended by Dr. Abdel Raouf Kotb, Chairman of IIE, Mr. Teruyuki Ito, Chief Representative of JICA and Mr. Michael McCord, President of Microinsurance Centre at Milliman who congratulated the graduates of the first class of the diploma for their success and stressed on the importance of putting their knowledge into action and to be the pioneers of Microinsurance in the Egyptian market, and emphasized on the opportunity they have to be catalysts for Microinsurance in the MENA region.

JICA is promoting financial inclusion through its technical cooperation project with the FRA which started in 2015, through a study tour to the Philippines; then, in 2016 as FRA issued the microinsurance directive. In the 2nd Phase from early 2017, building on FRA's regulatory efforts, JICA has been working on the capacity development of the market through developing curricula and enhancing the microinsurance capacity of the key training institutes, the Financial Services Institute (FSI) of FRA and IIE of the Insurance Federation of Egypt.

JICA takes part in the development of microinsurance in Egypt with the aim of protecting the poor against risks in a way tailored to their needs and income, a vital thing to be provided to the low income people in Egypt.

PhotoDr. Abdel Raouf Kotb, Chairman of IIE, Mr. Teruyuki Ito, Chief Representative of JICA and Mr. Michael McCord, President of Microinsurance Centre at Milliman

PhotoMr. Michael McCord, President of Microinsurance giving his speech to the participants

PhotoHanding the certificates to the participants


PhotoHanding the certificates to the participants


PhotoGroup Photo for the 1st batch of the Microinsurance Diploma

PhotoGroup Photo for the key project partners from IEE, JICA and the Microinsurance Centre at Milliman

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