Taiwan Insurance Institute Signed MOU with Nanyang Technological University

Taiwan Insurance Institute (TII) and Nanyang Technological University (NTU) signed the Memorandum of Understanding (MOU) by Ms. Kitty Ching, the President of TII and Mr. LAM Khin Yong, the Vice President (Research) of the NTU. The MOU is signed in an attempt to facilitate bilateral cooperation and the exchange of information. With the agreement on actively promoting various types of cooperation on a reciprocal basis and in compliance with relevant legal requirements in the jurisdictions of each other, the mutual cooperation between TII and NTU will mainly focus on jointly organizing and planning forums and seminars, providing training courses, exchanging training lecturers and collaborating on research topics on natural catastrophe risk management, including sharing of insurance industry information.

The Taiwan Insurance Institute (TII), established in 1985, is a non-profit organization to facilitate safe and sound development of the insurance industry and help promote the interests of the insurer, the insured, and the public. TII is authorized by the supervisory authority to develop insurance periodical actuarial statistics. TII is also responsible for conducting professional insurance research, making policy proposals, reviewing insurance products, analyzing international insurance data, promoting risk management and insurance knowledge, and acting as a government think tank. Moreover, TII offers professional training on insurance to cultivate insurance talent and experts. As a multi-functional organization, TII has been actively participating in international affairs to promote international cooperation as well as exchange of information.

Nanyang Technological University (NTU), Singapore, a research-intensive public university is ranked 12th globally. NTU is also home to several autonomous institutions including the S. Rajaratnam School of International Studies (RSIS), National Institute of Education (NIE), Earth Observatory of Singapore and Singapore Centre on Environmental Life Sciences Engineering. In addition, NTU also has a lot of research Institutes and Centres, such as Nanyang Environment & Water Research Institute and Energy Research Institute.

The MOU signed by TII and NTU will take the mutually beneficial cooperation and interaction further, and concurrently be in tune with the government’s New Southbound Policy and the vision to upgrade TII into a regional insurance educational and training center. Through the signing of MOU, such as the one signed by TII and NTU, TII hopes to enlarge its scope of interactions with international institutions and help local insurance industry timely comply with international trends.