Season 3, Episode 7
Miracle workers … (Sponsored by the FSB)
Task six was one that the apprentices did not bargain on and it can definitely be marked as the most difficult task to date. What the industry has been trying to figure out for the last three years, the apprentices had to tackle in two weeks… a bit unfair one would think. In this task, sponsored by the Financial Services Board (FSB), the apprentices were ‘employed’ by the FSB and they had to consult with the industry on the proposal that Commercial Binders to brokers, who also give advice, should be prohibited. Commercial Binders would only be permitted to be awarded to UMA’s or non-mandated intermediaries who do not give advice. The task required the apprentices to consult with various industry role players to obtain alternative views on the pros and cons of prohibiting commercial binders.
You stand alone
This was an individual task for the remaining contestants and they had a tough time making a good impression on Caroline da Silva, Deputy Executive Officer at the FSB.
They have now done absolutely everything that they can, the only thing left to do is tally up the scores and reveal who the 2017 Insurance Apprentice will be.
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The ultimate prize
The winner of The Insurance Apprentice 2017 wins a trip to Lloyds of London, sponsored by Lloyds of London and a bursary, sponsored by Inseta, to further their studies.
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