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24 June 2022 Myra Knoesen

Things are getting heated, more complicated and tougher as we draw nearer to the end, and the spot they are all competing for, which is the title of The Insurance Apprentice 2022, is getting closer.

We have ten remaining contestants this week and by the end of this episode, only eight will remain. The determining factor between those who go and those who stay, will be the contestants’ performance in this week’s challenges.

Viable distribution models

Sasria’s current business model is limited to insuring only clients that are insured by the traditional insurers; Sasria uses all insurers in South Africa as its distribution channel, therefore, all clients who do not have access to traditional insurance are automatically excluded from Sasria cover, this includes majority of Small to Medium Enterprises (SME’s). 

In episode six, sponsored by Sasria, the candidates are tasked to develop an alternative business model that outlines how Sasria can insure all other clients who do not have access to traditional insurance.

With judge Simon Colman, Business Head of Digital and Financial Lines at SHA Risk Specialists and guest judges Ntsoane Selela, Customer Relations Manager at Sasria and Nox Dlamini, Managing Director at XonRisk in tow, each team is provided with the brief.

Meeting the mandate

Not looking for a product-based solution but viable distribution models that are supported by the relevant business model/s, the solution that Sasria was looking for had to make provision for all other clients, that currently do not have access to traditional insurance companies, including SME’s.

Did they meet the mandate?

Watch it here

We would like to thank Sasria for sponsoring episode six of The Insurance Apprentice 2022.

To what it 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 2022. Be sure to comment, like and share this episode. Be sure to tune in again, same time, same place, next week!


Prizes for the 2022 Season 

Winner

  • Lloyds of London: 1 year access to the Lloyd’s virtual mentorship platform; a GIBS short course to the value of R45 000 and a cash prize of R25 000
  • Tracker: R10 000 cash
  • Invuya Institute of Learning: R10 000 cash
  • Genasys: iPad
  • Paton Personnel: A Leadership Development Masterclass and Program boasting an analytical consultation and leadership toolkit session with a Leadership Mentor
  • AIG: Corporate photoshoot
  • Santam: A personalized hamper
  • IISA:  The Insurance Institute of South Africa (IISA) is sponsoring the winner’s conference fee to attend the African Insurance Exchange (AIE) conference taking place virtually and live, at Sun City in July 

Top 4

  • IISA: The Insurance Institute of South Africa (IISA) is sponsoring the #top4’s conference fee to attend the African Insurance Exchange (AIE) conference taking place virtually and live, at Sun City in July 

Top 6

  • Paton Personnel: A Leadership Development Program boasting an analytical consultation and leadership toolkit session with a Leadership Mentor, valued at R20 000
  • AIG: Corporate photoshoot
  • Santam: A personalized hamper 

Top 12

  • Paton Personnel: A Leadership Development Program boasting an analytical consultation and leadership toolkit session with a Leadership Mentor, valued at R5000.
  • AIG: Corporate photoshoot
  • Santam: A personalized hamper

THE CPD FACTOR

Earn Continuous Professional Development (CPD) for every episode you watch. Register on the FAnews portal (www.FAnews.co.za), read the article and answer eight questions.

Each episode will carry 0.5 CPD hours.


APPLY FOR 2023

TIA 2023 is open... enter, enter, enter!

If you are 35 or younger and have been working in the short-term insurance industry (any part of it) for four or more years, this is your chance. Take the step and apply... you have nothing to lose! Visit www.TheInsuranceApprentice.co.za for more information.

 

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