INSETA Celebrates 25 Years of Excellence at Annual General Meeting

A Quarter Century of Transforming Skills Development in South Africa's Insurance Sector The Insurance Sector Education and Training Authority (INSETA) today hosted its Annual General Meeting (AGM), marking a momentous occasion as the organisation celebrates 25 years of unwavering commitment to skills development, transformation, and excellence in South Africa's insurance sector.

The AGM, held on 28 November 2025, brought together key stakeholders from across the insurance and financial services landscape to reflect on INSETA's remarkable journey since its establishment in 2000. The gathering served as both a celebration of achievements and a reaffirmation of the organisation's commitment to driving skills development that responds to the evolving needs of the sector and the nation.

Accounting Authority Representative's Remarks
Speaking about the AGM, representative of the Accounting Authority reflected on the organisation's quarter-century journey: "Today, we stand proud as we look back at 25 years of building a
skilled, transformed, and inclusive insurance sector. INSETA has remained steadfast in its mandate to open doors for South Africans, particularly our youth and those from previously disadvantaged
communities. This milestone is not ours alone - it belongs to every learner, employer, training provider, and partner who has walked this journey with us. As we look to the future, we recommit ourselves to
innovation, good governance, and impactful skills development that truly changes lives." - Representing the INSETA Accounting Authority, Mr Sam Mpuru, said.

CEO's Address
INSETA Chief Executive Officer spoke to the organisation's track record of performance and its forward-looking vision: "For 25 years, INSETA has demonstrated that excellence is not a
destination but a daily commitment. Our consistent achievement of performance targets, our continuously improving audits, and zero tolerance for fruitless and wasteful expenditure speak to the culture of
accountability and integrity that defines this organisation. But beyond the numbers, our true measure of success lies in the thousands of lives we have touched—the young people who have gained skills, the
women who have risen to leadership, and the communities that have been uplifted through our programmes. We are not resting on our laurels; the Fourth Industrial Revolution demands that we continue to
innovate, and that is exactly what we intend to do." — INSETA Chief Executive Officer, Gugu Mkhize said.

Key Achievements Highlighted at the AGM
The AGM showcased INSETA's remarkable achievements over the past 25 years: Performance and Impact INSETA has maintained an average performance rate of 95%, consistently
exceeding national targets. In 2024/25, over 18,000 beneficiaries participated in INSETA programmes, with a 70% employment absorption rate—demonstrating that skills development is translating into real jobs for South Africans.
Expanding Access to Education The Insurance Sector Student Fund (ISSF) has opened doors for thousands of previously disadvantaged learners, while the International Scholarship programme
has enabled South African youth to study at colleges and universities in China.

Transformation and Inclusion INSETA has championed women leadership development, youth employment initiatives, support for SMMEs, and training access for rural and marginalised
communities, ensuring transformation reaches all corners of South African society. Innovation and 4IR Readiness The INSETA DigiHub, established in partnership with Coastal TVET College, is
equipping learners with Fourth Industrial Revolution skills including drone piloting, robotics, generative AI, and data analytics.

Strategic Partnerships
Collaboration with employers, industry associations, universities, TVET colleges, government departments, and community organisations has extended the reach and impact of INSETA's skills development efforts nationwide.
INSETA has Sound Governance and Financial Stewardship Beyond its programmatic successes, INSETA has maintained an exemplary record of fiscal management and governance. The organisation reported:
• No fruitless and wasteful expenditure incurred
• No new irregular expenditure determined and incurred
• No material irregularity
This track record underscores INSETA's commitment to being a responsible custodian of public funds and maintaining the highest standards of corporate governance.

Looking Ahead: The Next 5 Years As INSETA celebrates this significant milestone, the organisation reaffirms its commitment to excellence, collaboration, and innovation. The authority will continue to champion skills that prepare South Africans for the future of work while supporting the broader national agenda for economic growth, transformation, and social inclusion.