Episode 2 – Sponsored by Emerald Africa
The apprentices face a difficult task in episode two, task two sponsored by Emerald Africa. With guest judges Chris Potter, Portfolio Executive and Carla Jordan, Chief Financial Officer and Senior Executive Officer: International Business at Emerald Africa on hand to assist with the task and sit in as a panel with Judge Simon and Judge Kedi, the apprentices are handed their task.
In their teams, acting as a facultative reinsurance underwriter for “Far Out Reinsurance Company”, the apprentices are tasked with assessing a risk. With the news of a fire at a factory, the apprentices are then requested to calculate the estimated business interruption loss, the appropriate deductibles to determine the final reserve for both property damage and business interruption and explain how they arrived there.