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An impossible target?

15 March 2024 Rianet Whitehead

TIA2023

An impossible target?

Now that our top 10 contestants have been determined, we're gearing up for a 10th season that promises to be truly unique, as we go on a quest to find the ultimate ambassador of the short-term insurance industry.

As they battle it out to become the next The Insurance Apprentice, over the next six weeks, the contenders will not only confront demanding tasks and intense time constraints, but they will also be scrutinised by our discerning panel of judges.

Come along with us and join us on the contestants’ journey as they are pushed to their limits on season 10 of The Insurance Apprentice.

But first…
As the week started Bryte Insurance invited all 10 contestants to dinner, just to settle the nerves. It was a great evening with some great connections made.

Old Mutual Insure was once again host of the ‘Lion’s Den’ or shall we say filming space and it was once again an incredible experience to be in the Old Mutual Sandton building for filming week. Standard Bank Insurance hosts the contestants and judges at their Global Training Centre, just to make sure they are well rested and well fed.

And now, let's dive into episode two.

Meeting Employment Equity targets
The South African Insurance Industry is increasingly challenged to meet the Employment Equity targets set in their employment Equity Plans. One of the main amendments to the Employment Equity Amendment Act (EEA) signed into law in 2022, is to empower the Minister of Labour and Employment to among other things, identify and set Employment Equity numerical targets. The purpose of the numerical targets is to ensure equitable representation of suitably qualified people from historically disadvantaged groups based on race, gender and disability at all occupational levels in the workforce.

Transformation runs far deeper than Employment Equity targets. Ensuring that individuals are correctly matched to jobs, rightly skilled and technically competent is critical for the successful growth and continued profitability of an organisation.

The task
Based on an article published in Financial Services South Africa – a fictitious newspaper - about Pearl Insurance showing excellent financial results, the non-executive Director was concerned about the company’s transformation strategy and whether they were meeting their employment equity targets. The contestants were asked what advice they could give to the Pearl Insurance EXCO team in terms of building a sustainable future for their business, taking into consideration the EEA targets.

Did they meet the mandate and provide valuable solutions to the company’s EXCO - the judges - Simon Colman, Head Judge and CEO of The Liability Company, co-judge Nox Dlamini, and sponsor judge Nolwandle Mgoqi, CEO of Aon South Africa?

Watch it here
We would like to thank Aon South Africa for sponsoring episode two 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

Cast your vote for your Favourite Contestant

By supporting your favourite contestant with your vote, you give them a chance to win R10 000, and you also enter yourself for a chance to win R5 000.


Sponsored By: Bryte Insurance Company

 

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