Training on BANC Assurance Business and Risk Management For Banks and Financial Institutions

Class Description

TRAINING ON BANC ASSURANCE BUSINESS AND RISK MANAGEMENT FOR BANKS AND FINANCIAL INSTITUTIONS FROM 3RD TO 7TH JUNE 2024 AT BANK OF TANZANIA MWANZA BRANCH

A. INTRODUCTION
The Bank of Tanzania Act, 2006, and the Banking and Financial Institutions Act, 2006 mandate the Bank of Tanzania to license, regulate, and supervise banks and financial institutions in Tanzania.
As a regulator, the Bank of Tanzania is entrusted with the responsibility of ensuring a stable, sound, and safe banking sector and financial system at large. In discharging this responsibility, it is the interest of the Bank of Tanzania to broaden the area of expertise in bancassurance business and risk management, which will be applicable in today’s everchanging and unpredictable world and deepen understanding of bancassurance business and risk management. Given the foregoing, the Bank of Tanzania Academy has organized a Training on Bancassurance Business and Risk Management for banks and financial institutions from 3rd to 7th June 2024 Bank of Tanzania Mwanza branch.

B. OBJECTIVE OF THE COURSE
At the end of the course, participants will be able to.
Explain the reasons for introducing the Bancassurance business in the market.
Explain how the Bancassurance business contributes to Tanzania’s economy.
Explain the relationship between financial institutions and the insurance industry.
Identify bancassurance products within the bank.
Apply principles and practices of the bancassurance Tanzania market.
Identify best practices in Managing the bancassurance business.
Explain the bancassurance regulatory framework.

C. CONTENTS OF THE COURSE
Fundamentals of Insurance in Bancassurance
Insurance Products for Bancassurance
Bancassurance Principles and Practice in Tanzania
Bancassurance Regulatory Framework
Operation of bancassurance business within the bank
Case study for the best practice in Africa

D. TARGET GROUP
This course is designed specifically for Treasury Professionals, Investment Managers, Credit Managers, Operations Managers, Relationship Managers, Accounting Professionals, Risk Managers, Internal/External Auditors, Regulators, Finance Experts, or any other interested person in banking institutions and related companies.

E. SCHEDULED DATES AND DURATION
Five (5) days: From 3rd to 7th June 2024. First Day Registration starts at 08.00 AM.

F. COURSE FACILITATORS
This course will be facilitated by the Bank of Tanzania Academy in collaboration with Bancassurance expertise.

G. VENUE
Bank of Tanzania Mwanza branch.

H. FEES
Fee for each participant is TZS 1 million or USD 1000 for non-residents covering tuition, course materials, lunch and mid-session refreshments. Participants will be responsible for their travel costs and upkeep. Please make your fees payment using the following channel:
Local Participants
Bank Transfer through TISS Transferee Bank: Bank of Tanzania
Account Number: 9944713006
Account Name: Course Fees
SWIFT CODE: TANZTZTXXXX
Foreign Participants
Bank Name: Citibank Bank
Bank Swift Code: CITIUS33
Account Holder: Bank of Tanzania
Account Number: 36113007

I. MODE OF APPLICATION
Send a letter, an e-mail or make a phone call to the Academy through any of the mentioned contacts below. The course will accommodate 30 participants and the first-come-first-served principle will apply. Applications should reach us at least two (2) working days before commencement of the course. All applications should be addressed to:
The Principal,
Bank of Tanzania Academy,
P. O. Box 131, Capri-Point,
MWANZA
+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 500 984
Email: academy@bot.go.tz