Scholarship and grant monies may be available to cover all or a portion of the costs for ICCIE programs. Check with the various industry organizations, including ASHRM, CICA, PRIMA, RIMS, VCIA, and VSAC, to find application forms and deadlines for the scholarship process applicable.

Questions on the specific funding available, and the application process, should be directed to the sponsoring organization.

See below for more information about specific opportunities from

Bermuda Insurance Management Association ACI Scholarship

The Bermuda Insurance Management Association (BIMA) is pleased to invite applications for an ICCIE Scholarship Award for the Associate in Captive Insurance (ACI) professional designation.

The ACI professional designation provides an educational standard for professionals in the captive insurance industry and is evidence of an individual’s commitment to and knowledge of the captive industry.

The successful candidate will receive a $4,600 bursary to cover the cost of tuition fees and course materials over the study period.

Applicants should be either currently working in the captive industry or be strongly considering a long term career in the industry. Applicants should submit the following:

  • A cover letter indicating their career intentions and why they feel they deserve
    the award,
  • A current resume including other extra-curricular activities and achievements.

Following an initial assessment, a shortlist of candidates will be invited for an interview. One individual will then be awarded this significant opportunity to build a professional career in the captive insurance industry. The Scholarship will be awarded to the successful applicant at the Bermuda Captive Conference.

The Scholarship is open to Bermudians, spouses of Bermudians and PRC Holders.

Completed applications should be emailed to: Grainne Richmond –
Reference: BIMA – ACI Scholarship

Application Deadline: April 30th


BFSB and the Insurance Commission of The Bahamas

The Bahamas Financial Services Board and the Insurance Commission of The Bahamas, in partnership with the Bahamas Insurance Association, and the Insurance Institute of The Bahamas, are offering two (2) tuition scholarships for Bahamians to study Online towards an Associate in Captive Insurance (ACI) through the International Center for Captive Insurance Education (ICCIE).

Applicants must meet the following criteria in order to be considered for the ACI scholarship.

  • Bahamian national.
  • Bahamian resident.
  • Employed in the Bahamas Financial Services sector.
  • Minimum of five years’ experience in insurance or financial services.
  • Existing professional qualification(s)

In addition to the below application form, you must submit ALL of the following:

  1. Proof of citizenship.
  2. Copy of National Insurance card.
  3. Copies of professional designation certificates and post-secondary degree certificates.
  4. Resume
  5. A personal statement – approximately 200 words – explaining your career objectives and reasons for applying for this scholarship.
  6. Two letters of reference. (One should be from your current employer)

Please submit application form to:

The Bahamas Financial Services Board
Montagu Sterling Centre (MSC), 2nd Floor
East Bay Street
Nassau, N.P.
Attention: ICCIE Scholarship

Application Deadline: August 25

Harry House Captive Insurance Scholarship

The Harry House Scholarships are sponsored by HAI Group of Cheshire, Connecticut and are offered every year.   There are two scholarships – one to cover the full tuition for the Associate in Captive Insurance (ACI) designation and the second for one Modular course.

The scholarships are reserved for a minority student enrolled in either a Actuarial or Risk Management Program at an accredited college or university.  The recipients will be chosen based on scholastic excellence and good standing in the university community.

HAI Group President and CEO Ed Malaspina is very pleased about the opportunity this scholarship will offer to candidates who might otherwise not be able to participate in the ICCIE program.  Ed says, “Scholarships like the Harry House scholarship provide professionals in the insurance industry the opportunity to strengthen their skills and better serve customers. HAI Group is thrilled to be a sponsor of such an impactful award.”

To apply for the Harry House scholarships please click on the link below.

Harry House Scholarship Application

Application Deadline: June 30th

ICCIE will announce the recipient of the award during VCIA’s Annual Conference.

VCIA Distinguished Scholar Award

ICCIE offers one Vermont Captive Insurance Association (VCIA) Distinguished Scholar Award per year to a member of VCIA.  This award is a full scholarship for an ACI designation.  It was established in recognition of VCIA’s leadership and financial support.  A panel of three industry participants appointed by ICCIE review the applications and make the selection.

The successful applicant must:

1)  Be employed by a member company of VCIA;

2)  Provide two letters of reference citing his/her achievements in, or commitment to, the captive insurance profession; and

3)  Cite evidence of involvement in his/her community.

To apply for the VCIA Distinguished Scholar Award please send a cover letter and other materials providing the above information to:


VCIA Scholarship Fund

145 Pine Haven Shores Road, Suite 1137

Shelburne, VT  05482

or to

Application Deadline: June 30th

ICCIE will announce the recipient of the award during VCIA’s Annual Conference.

Vermont Student Assistance Corporation Non-Degree Grant

The Vermont Non-Degree Grant is intended to help Vermonters enhance job skill and improve employ-ability, and to provide non-traditional students with an introduction to a post secondary educational program.

Eligibility: A Vermont resident enrolled in a non-degree (non-matriculated) course that will improve employ-ability or encourage further study is eligible to apply for a Vermont Non-Degree grant.

An applicant may receive a Non-Degree grant for up to two enrollment terms per financial aid year (July 1 – June 30), and a total of six terms of Non-Degree grants in a lifetime.

Classes can be taken at any of the following in Vermont or out-of-state:

  • a college
  • an educational institution such as a high school or technical center that offers a continuing education program
  • a private organization that offers training courses

Amount: The grant award amount is based on financial need and the cost of the course. The maximum award amount per term is determined each year by VSAC based on funding availability.

Note: Vermont grant applications are considered on a first-come, first-served basis as long as funding is available.

How to Apply: Log directly in to your myVSAC account to complete the online application (or create an account if you have not yet done so). Once logged in, follow the grant link on the left in order to submit the appropriate grant application.