The Insurance Apprentice

Another week, another challenge. Who will make it into the Top 10?

Our contestants are taking their shot at being the face of insurance, representing the industry’s skills and values. Do they have what it takes to become The Insurance Apprentice 2021?

Welcome to Season 7 of The Insurance Apprentice!

We’ve embarked on a quest to find South Africa’s ultimate apprentice of the insurance industry.

We were supposed to announce the winner on 24 March 2020, but Covid19 forced us to postpone the event. After an extended Lockdown and all indications that we will not able to get all…

• The FSCA received a complaint from a customer that ‘Insurance Apprentice Brokers’ have contravened the binder, outsourcing commission regulations as well as the Policyholder Protection Rules (PPRs). Notified of the intention of the Conduct Authority to issue a debarment order, the key individual (apprentice) is required to attend a meeting with the FSCA to discuss the findings. Read more about the task…

Task six sees the Apprentices put out some serious fires as they delve into a firewalk and demonstration at the Fire Protection Association of Southern Africa (FPASA). They were tasked to read through a risk survey report provided by Emerald Africa, assess the risk and the adverse risk exposures stated in the report, in comparison with the Risk Best Practice document, and produce a list of Risk Improvement Recommendations that should be presented to the broker and the insured (the panel of judges). Read more about the task…

In the fifth episode the contestants were tasked to perform a comprehensive environmental risk assessment regarding the company’s environmental exposures at its four sites. They had to present to the Board but then a massive crisis hit the company which everyone was not equally prepared for. Read more about the task…

In the fourth episode the contestants had to conduct a social risk assessment. Socio-economic reasons, driven by the current political climate, lead to violent protests as well as the destruction of property. The contestants were tasked with conducting research about De Doorns in the Western Cape and Alexandra township in Johannesburg to find out what are the drivers of violent protests, possible solutions and key opportunities to support the communities in order to effect a decrease in Sasria’s risk exposure and mitigation of further claims.

The industry has shown that it is resilient, future thinking and ready to take on change. But the industry may face its biggest change yet, and it is not legislative, it’s generational. In the third episode the contestants are assigned with task three, based on improving product profitability and market share in light of generational change. Read more about the task…

Episode two sees a hot debate with some heated audience engagement as the contestants are tasked with presenting their argument in favour of, or against, the motion of the topic ‘increasing the retirement age is good for the sustainability of the insurance industry’.