Riyadh, November 13, 2024 - The Financial Academy (FA) has celebrated the graduation of MEDGULF NEXTGEN trainees, a program implemented in partnership with the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF).
The training activity was designed to prepare a promising generation of young professionals capable of enabling the ongoing development of KSA insurance sector. Mr. Mana AlKhamsan, CEO of the Financial Academy, explained that the
program is an outcome of the strategic partnership between the FA and MEDGULF, aiming to train, upskill and leverage the capabilities of fresh graduates who are planning to join insurance workforce.
“The partnership seeks to meet the sectoral needs and requirements in alignment with the goals of the Financial Sector Development Program (FSDP) – one of KSA Vision 2030 targets.” For his part, Mr. Umar Al Mahmoud, CEO of MEDGULF,
commented that the program, using a diverse learning approach, helps the participants to upskill and develop relevant basic competencies, thus qualifying them to work in the insurance industry.
“Additionally, they are prepared to pass the mandatory professional exams required to get a job in the insurance sector,” he noted. Meanwhile, the two sides inked a cooperation agreement to organize an Artificial Intelligence (AI)
and innovation hackathon. The agreement is driven by the academy and the insurance company’s shared strategic target of advancing capabilities of the financial sector’s human resources.
As per the agreement, the Financial Academy
will implement a five-month AI and innovation hackathon program. It is comprised of five stages: collecting data, identifying the challenges and designing the program; advertising and calling for applications; screening and
selecting applicants; conducting the hackathon; then finally holding the closing ceremony.
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