TIA | The Insurance Apprentice
Following recent concerns around increasing premium levels and lack of capacity for certain risks, MPG’s board requests an integrated risk retention solution that meets with MPG’s insurance programme.
The contestants are tasked with presenting a new HCV value proposition that addresses risk mitigation, differentiators in cover, client incentives and loss ratio mitigation, which will have a direct impact on the performance of a fleet’s operational efficiency and loss ratio performance.
Participants are tested on their ability to understand the SMME environment, risks that these businesses face and how best to manage these in an ever-changing and complex world, to ensure their ongoing sustainability and growth as key contributors to the South African economy.
Acting as employees of the FSCA, contestants advise the FSCA on the main causes of the contingent business interruption (CBI) cover dispute between non-life insurers and their policyholders, how non-life insurers, intermediaries and reinsurers caused or contributed to the said dispute and what the FSCA can do in order to prevent unfair outcomes for policyholders in future.
The leaderboard usually lists the best scores of a round and rankings matter! Well in this case, rankings were the be-all-end-all … no substitutes or alternatives could take its place, apart from the fact that a whole game can change, based on the random knowledge of one person.
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.