The Insurance Apprentice is a competition series where contestants are filmed over a one-week period. The series is partly sponsored by the FSCA. It aims to create awareness about insurance work and attract new people to the insurance industry. The series premiered in 2015; it is now in season 11. Watch the new season
here.Season 10 – Episode 6 – You're On Your Own (Sponsored by the FSCA)
Contestants tackle the challenge of addressing premium collections and Binder agreements, pondering the FSCA's actions towards insurer A and service provider B.
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Season 7 – Episode 5 –Contingent Business Interruption cover… let's find a solution (Sponsored by the FSCA)
Acting as employees of the FSCA, contestants advise the FSCA on the main causes of the contingent business interruption (CBI) cover dispute between non-life insurers and their policyholders, how non-life insurers, intermediaries and reinsurers caused or contributed to the said dispute and what the FSCA can do in order to...
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Season 6 – Episode 7 – Debarment issues (Sponsored by the FSCA)
The FSCA received a complaint from a customer that 'Insurance Apprentice Brokers' have contravened the binder, outsourcing commission regulations as well as the Policyholder Protection Rules (PPRs). Notified of the intention of the Conduct Authority to issue a debarment order, the key individual (apprentice) is required to attend a...
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Season 5 – Episode 7 – Premium collections (Sponsored by the FSCA)
The contestants were asked to act as employees of the FSCA, tasked with looking at the future of premium collections, and what needs to change around premium collection in the interests of the industry, the consumers and the institutions.
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Season 4 – Episode 7 – The legislative prohibition of inducements (Sponsored by the FSB)
The task was to look at the legislative prohibition on inducements, as set out in section 44 of the Short Term Insurance Act, 53 of 1998 (STIA) and section 45 of the Long Term Insurance Act, 52 of 1998 (LTIA), some inducement practices in the industry, and then determine if...
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Season 3 – Episode 7 – Commercial Binders… the challenges (Sponsored by the FSB)
Task six was quite challenging. The contestants were 'employed' by the FSB and they had to consult with the industry on the proposal that Commercial Binders to brokers, who also give advice, should be prohibited. Commercial Binders would only be permitted to be awarded to UMA's or non-mandated intermediaries who...
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