Transforming To Power The Future

2021 was the year where we accelerated our digitalization efforts and kick started our journey to be a data driven organization.  We also continued our efforts to ensure our people and infrastructure were ready and able to support the digital pivot and changing industry and customer demands.  At MII, we aspire to be forward looking and we invested heavily for the future in terms of new tools and technology to enhance internal efficiencies and customer experience.  

Strategic Priorities



Innovation

To build a dynamic and competitive insurance industry



Human Capital Development

To build future ready and proficient talent pool



Professional Standards

To build trust and public confidence in the industry



Thought Leadership

To develop a strong community of practice in line with global standards and
best practices

Enablers



Operational Excellence

Providing value to customers to be data driven, efficient and agile



Responsive Infrastructure

To have an Adaptable, Flexible and Scalable Infrastructure



Highly Skilled Workforce

To have people with growth mindset and right skills to power the organizational transformation

Multi-Prong Transformation in Progress



Transformation Initiatives Progress

Completed

23 initiatives (24%)

On-going

39 initiatives (40%)

In Progress

33 initiatives (34%)

In Pipeline

2 initiatives
(2%)


It Starts With Our People

We recognise our staff as our most important resource and are committed to consistently upgrade their competencies and skills through training and development in order to meet our transformation goals and be future ready. In an effort to inculcate a learning culture and agility in MII, we focused on promoting personal, digital, leadership skills and professional development to fulfil our common goal to have the right mindset and skillset to succeed.

In 2021, the effects of the pandemic continued to loom large. Learning from our experience in 2020, we had pivoted quickly to operate remotely during the pandemic and to continuosly adapt to changing circumstances.

We believe in the need for a change in culture which includes long term on-the-job learning opportunities for all levels of staff, that encourages and rewards collaboration, innovation and team learning. Among the initiatives include cross-functional projects, attending conferences, seminars, forums, and online learning courses.

To emerge stronger as a team, MII continued its upskilling and reskilling initiatives in 2021. Our objective is to ensure relevant and adequate training programmes are offered to staff to further strengthen and expand their knowledge and skills. These development programmes are crucial in ensuring that we are aligned with the mandate entrusted to us as a professional body and an education centre for the insurance industry.

Copyright © 2022 The Malaysian Insurance Institute