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Addressing industry challenges and unemployment

22 March 2024 Rianet Whitehead

TIA2023

Addressing industry challenges and unemployment

Following the shocking ending of last week’s episode last week, a fresh week unfolds, marking the ongoing quest to find the winner of The Insurance Apprentice 2024.

Building on the insights gained from the previous week's presentations, the contestants have managed to showcase their varied strengths; some have emerged as adept improv masters, effortlessly thinking on their feet, while others have grappled with the intensity of the judges' probing inquiries.

With the field narrowed down, the current week introduces a novel challenge, a different sponsor, evolving team dynamics, and a chance for participants to elevate their performance and leave a lasting impression on the discerning panel of judges.

The vital role of entrepreneurship
South Africa's unemployment crisis, with rates soaring as of early 2023, calls for urgent and creative economic solutions. The insurance sector, with its diverse range of opportunities, is an ideal arena for entrepreneurial ventures that can stimulate job creation and economic growth.

Episode three, brought to you by Ami Underwriting Managers, underscores the vital role of entrepreneurship in rejuvenating the South African insurance industry.

Contestants face the task of developing a business concept tailored for high-net-worth personal lines insurance, with the ultimate aim of launching a new startup. This challenge was not just a test of their innovative prowess in insurance but also a potential solution to the pressing issue of unemployment in the country. The emphasis of this challenge is on devising a novel operating model or offering, which could encompass a direct approach, Underwriting Management Agency (UMA), or brokerage service.

Did head judge, Simon Colman, co-judge Nox Dlamini, and sponsor judge Christelle Colman, CEO of Ami Underwriting Managers buy a stake in any of their startups? By the end of this episode, one more contestant’s journey comes to an end… who will it be?

Watch it here
We would like to thank Ami Underwriting Managers for sponsoring episode three of The Insurance Apprentice 2024.

• To watch the episode on YouTube, click HERE
• To watch it on the website click HERE
• To watch it on Facebook, click HERE

Let us know who you think is most likely to be crowned The Insurance Apprentice 2024. Be sure to comment, like and share this episode. Be sure to tune in again, same time, same place, next week!

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