The Captive Insurance Companies Association (CICA) and the International Centre for Captive Insurance Education (ICCIE) have launched a new partner programme to support the career development and educational needs of captive professionals.
The partnership means that retroactive to 1 January 2018, all new associate in captive insurance (ACI) graduates will receive a complementary one-year CICA membership, which will extend through the next fiscal year, ending 30 September 2019.
The membership will allow ACI graduates access to CICA’s mentorship programme and attendance to the annual CICA conference, which will aid their development as captive professionals.
A captive professional who earns an ACI has to complete 12 credits every three years to maintain the designation.
The annual CICA conference, which provides almost 30 hours of education, offers a robust resource for continuing to earn education credits toward maintaining the ACI certification.
Dan Towle, CICA president, said the association recognise that career growth is a top priority for many young insurance professionals.
He explained: “62 percent say it's a deciding factor on the industry they choose.”
“This partnership will help recent ICCIE students who have earned their ACI to advance their career in captive insurance.”
“Including allowing them to participate in our mentorship program, which can be a key component to career advancement."
ICCIE executive director Mitch Cantor said giving ACI graduates the membership was a “great fit”.
She added: “It allows them access to CICA's mentorship program and related opportunities that nicely complement their work to maintain their ACIs.”
“It also allows them to further develop their professional network with other CICA members, which is important in advancing one's career."
Recent ACI graduate Yubei Lu, financial examiner at the Utah Captive Insurance Division, said she was excited to receive the complimentary membership.
She continued: “I am also very interested in the mentorship program, which will help me further my career.”