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19 March 2015
Bahamas
Reporter Stephen Durham

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New Bahamas captive scholarships

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas have partnered to provide two full scholarships for the Associates in Captive Insurance (ACI) designation offered by the International Center for Captive Insurance Education (ICCIE).

ICCIE was developed in response to a need expressed by captive insurance professionals for in-depth educational offerings, information on current topics, and a professional designation.

Despite a strong pattern of expansion in captive insurance companies, research showed that there was a critical lack of education and training in the industry that, if not corrected, could affect its continued growth and professionalism.

The BFSB has said that the courses offered are relevant to any domicile around the world, and faculty members are recognised for their “expertise in various captive insurance specialties”.

The professional designation is the first and only comprehensive captive insurance education programme in North America.

The ACI designation includes five core courses, all of which can be taken via online, instructor-led asynchronous learning.

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