MTI wins consulting pitch for Bhutan’s Royal Insurance

MTI’s Bhutanese Associate Ugyen Lham (centre) with Jurme Chetsho and Parsuram Tirwa of Royal Insurance Corporation of Bhutan 

• Follows successful projects with Bank of Bhutan and State Trading Corporation

The Royal Insurance Corporation of Bhutan (RICB), one of the oldest financial services institutions of Bhutan, has retained MTI Consulting to assist in the formulation of their organisational development exercise to enable a more agile, resilient and a collaborative structure – that compliments their long-term strategic direction. In addition to this, MTI will also advise on the human capital requirements of RICB.

“This is the fourth project MTI is doing in Bhutan. RICB plays a major part in the socio-economic development of Bhutan, generating revenue as well as offering services to the society in a meaningful way through its various schemes of insurance and investment, contributing to the Gross National Happiness of Bhutan, and we look forward to working together in the process of conducting the organisational development exercise,” MTI Consulting CEO Hilmy Cader said.

“Immersing ourselves in the local culture, supplemented with strong networking, has helped us to appreciate how local culture impacts business culture. There are many learnings that materially advanced countries can take from Bhutan, from national governance to corporate governance,” Cader added.

Founded in 1975 under the Royal Charter with the primary mandate of meeting the insurance needs of the people and helping spur the economic development of Bhutan, RICB is the only multi-faceted financial service provider in the Kingdom catering life insurance, general insurance, credit facilities, and other social security schemes.

MTI Consulting is a fast-growing, internationally networked boutique management consultancy. In the last 25 years, MTI has worked on over 680 assignments in 49 countries, covering diverse industries, businesses, and challenges.