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The first group of formally recognised underwriters in South Africa officially graduates on the 9th October 2019. 21 candidates will graduate with an ‘Occupational Certificate: Insurance Agent: Insurance Underwriter NQF Level 5 (91784). This follows the introduction of the first ever formal underwriter occupational qualification by the Insurance Sector Education and Training Authority (INSETA) at the end of last year.
Compliance is an analytical and admin-intensive field. Financial services compliance is even more niche, and attention to detail is key in navigating the rules of the regulator. Managing the operations of a busy compliance practice is a rewarding job utilising my organisational and time management skills, and I get to work with a great network of people, many of whom are women.
If you have a head for numbers, the ability to interpret statistics and ‘blue-sky thinking’ to develop mathematical models that can predict trends and events, the profession of actuary might appeal to you.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?