27 September 2017ILS

ILS Bermuda launches new scholarship programme

ILS (Bermuda), organisers of Bermuda Convergence 2017, has announced a new education initiative that will provide scholarships for five Bermudian students to work towards an Associate in General Insurance (AINS) designation through the Bermuda Insurance Institute’s (BII) ‘Career Pathways’ program.

The initiative will also offer students complimentary attendance to the annual Bermuda Convergence 2017 event along with free lectures before and after the event.

The BII’s Career Pathways program is designed to provide identified high school and Bermuda College students with knowledge of a key segment of Bermuda’s economy. These ILS Bermuda sponsored scholarships will afford the selected Bermuda College students with an opportunity to earn an internationally recognised insurance designation as well as work shadow opportunities in the industry through partnership with ILS Bermuda member companies. The BII is Bermuda’s only comprehensive Risk Institute providing assessments, insurance and reinsurance courses, relevant seminars, conferences, and awards and recognition events.

The Career Pathways program consists of 4 stages; an Overview Seminar for students, the BII Insurance Induction Program, courses towards the Associate in General Insurance (AINS) designation and work shadow opportunities.

In addition to their financial contribution towards the Scholarships, ILS Bermuda is offering 10 students complimentary admission to the Bermuda Convergence 2017 event on October 18 and 19 at the Hamilton Princess.

Tim Tetlow of ILS Bermuda’s thought leadership & education team and partner and chief operating officer of HSCM, said: “Last year we had a few Bermuda College students attend the event and it was well received by both them and their professor. After some internal committee discussions we all agreed this was an excellent opportunity to engage and educate young Bermudians on the niche segment of Insurance-Linked Securities and the alternative reinsurance space. With over 40 speakers this year, there is a wealth of information from industry specialists in their fields that will be great exposure for the students.”