Introducing the Master of Insurance Law and Practice
I am pleased to advise that Victoria University have just announced the final approvals for the Master of Insurance Law and Practice degree. This is something very near and dear to my heart.
The course will require students to complete 12 subjects, a number of which will be electives so that specialisation can take place. The first four subjects, which are non-electives, will be offered from the second semester of 2012, and, on completing these four, will entitle the student to a Graduate Certificate in Insurance Law and Practice. By continuing on with four more subjects, this will lead to a Graduate Diploma, and, with the final four, the Masters qualification.
The course has been designed to teach technical insurance – something that has been downplayed in most other courses worldwide. For some time I believed that this downplay has been to the detriment of the general insurance industry. Rather than just whinge/complain about the state of affairs, I spoke with like-minded people and the University where I completed both my MBA and Doctorate and this course is the culmination of those discussions. To learn more or to enrol in the new course, please visit: http://www.vu.edu.au/courses/graduate-certificate-in-insurance-law-and-practice-btip.
Besides the Masters of Insurance Law and Practice qualification, students will also be able to elect to take some of the subjects as part of a MBA course allowing them to tailor it to the general insurance industry. Through either the Master of Insurance Law and Practice degree or MBA students will be able to move on as I did and complete a doctoral qualification.
I am assisting the university in approaching representatives from insurance bodies, major insurers and broking houses in Australia, New Zealand, and Papua New Guinea to sit on an advisory board to ensure that the course is relevant and delivers a quality qualification that will benefit both the students and the general insurance profession generally. I am extremely excited to be a part of this important initiative and hope that the industry will support it. Certainly the early indication is that it will be a great success.
The Univesity has been most helpful and I would like to particularly thank Hon Justice Frank Vincent AO, QC. Sue Marshall, Philip Tang and Professor Anona Armstrong for there assistance in making this happen. I would like to finish by congratulating Neil Myhre, who is the Chief Knowledge Officer at LMI Group and product manager of LMI RiskCoach, on his appointment as Adjunct Associate Professor. This is very well deserved in recognition in his years in training and development and the enormous effort you have put into the development of this course.
For my part, I will personally act as Course Director and have been honoured with the position of Adjunct Professor. For those not familiar with the term “Adjunct”, it simply means part time rather than full time. Both Neil and I continue to work at LMI Group.
Quoting from the Universities, policies and procedures manual: “ Adjunct Professors and Associate Professors would normally be outstanding leaders in their field and persons of distinction and high achievement. They should possess educational and/or professional, vocational or industrial qualifications and/or expertise comparable with those expected of a University employee at an equivalent level.”