Unique challenges impacting the HCV business

Things are getting serious… perhaps something of a double-edged sword?

Down to the last six contestants… the winning spot for the title of The Insurance Apprentice 2021 is getting closer.

The ecosystem

There is an ecosystem that surrounds HCV business and its resultant performance from an efficiency and operational point of view, as well as insurance performance.

In episode seven, sponsored by Discovery Insure, head judge Simon Colman, Business Head of digital and Financial Lines at SHA Risk Specialists and guest judges Clyde Troup, Head of Underwriting: Business Insurance at Discovery Insure and Nox Dlamini, Managing Director at XonRisk emphasise that there are many unique challenges impacting on this ecosystem, namely:

• Cost pressures;
• Risk management of fleet and infrastructure challenges;
• The driver; and

Providing a valuable proposition

The apprentices were 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.

Did they provide a valuable proposition? Did anyone come up with a really unique concept?

Watch it here

We would like to thank Discovery Insure for sponsoring episode seven of The Insurance Apprentice 2021.

1. To watch the episode on YouTube, click HERE
2. To watch it on the website click HERE
3. To watch it on Facebook, click HERE

Can we just remind you of the prizes that are at stakes?

The WINNER wins:

• 1 year access to the Lloyd’s virtual mentorship platform; Introduction to Lloyd’s virtual seminar (value R2000); Sponsorship of a unit module of the winner’s choice at the Chartered Institute of Insurance (CII) in the UK (value R3000) or R3000 paid directly to CII if the course exceeds R3000; Sponsorship of a Gordon Institute of Business Science (GIBS) short course of the winner’s choice (value R50 000) or R50 000 paid directly to GIBS if the course exceeds R50 000; and cash prize of R20 000, sponsored by Lloyd’s of London;
• A bursary worth R75 000 at any public university, sponsored by Inseta;
• R10 000 CASH from Tracker;
• R30 000 CASH from Auto & General;
• A Garmin watch from Genasys;
• The winner attends the African Insurance Exchange (AIE) conference; and
• A one year coaching and mentoring package to the value of (R30 000) sponsored by Ultraverse Consulting.

The TOP 3 win:

• A hospitality prize package, sponsored by Bryte Insurance; and
• A 6-month coaching package to the value of (R18 000), sponsored by Ultraverse Consulting.

The TOP 10 win:

• AIG is sponsoring a professional photoshoot for the TOP 10;
• Each of the 10 contestants will receive a gift bag filled with goodies, from Santam.
• Simply Financial Services is sponsoring vouchers to the value of R1000 for Bathu; and 
• A coaching package to the value of (R8 000), sponsored by Ultraverse Consulting.

What’s not to like? So many giveaways for the winner, Top 3 and Top 10, plus a whopping R60 000 in CASH!  

Apply for TIA 2022

TIA 2022 is open… enter, enter, enter! If you are younger than 35 and have been working in the short term insurance industry for four or more years then this is your chance.

Take the step and apply… you have nothing to lose!