SSP Brochure:Layout 1 - INSETA

Small business opportunity Subsector Skills and training needs Other requirementsAdministration services tomanage complianceOutsourcing of specialisedactuarial servicesOutsourcing of specialisedlegal servicesOutsourcing of fraudinvestigation andprevention servicesBoutique type of assetmanagement company cancooperate with existingregistered unit trustmanagement company toform new unit trustmanagement companyRange of services tosupport intermediarieswho serve the lower-endand emerging consumermarketsTraining for trustees ofpension funds and medicalschemesBroad range ofprocurement opportunitiesfor black-owned SMMEsShort termLong termIntermediariesMedicalinsuranceLong termShort termLong termShort termLong termCollectiveinvestmentsShort termLong termIntermediariesCollectiveinvestmentsMedicalinsuranceLong termMedicalinsuranceEntireinsuranceindustry, butespecially inshort-termsector• Relevant technical insurance industry knowledge and practicalexperience (not merely textbook knowledge).• Knowledge of statutory and regulatory requirements• General office and practice management skills• Client management skills• Accounting, bookkeeping and financial record-keeping skills• Entrepreneurial skills• Business and financial management skills• IT and computer skills• Qualification as actuary• High-level financial and analytical skills• Qualification as lawyer• High-level financial and analytical skills• Technical insurance industry knowledge and practical experience• Forensic and investigative skills• Risk management skills• Analytical skills• Technical insurance industry knowledge and practical experience• Business management and financial skills• People skills• IT and computer skills• High-level financial, analytical and numeracy skills• High-level economic skills• In-depth knowledge of investment markets• Relevant technical skills• Risk management skills• Business management and financial skills• IT and computer skills• People management skills• Marketing and selling skills• Customer service skills• Technical insurance industry knowledge and practical experience• Knowledge of statutory and regulatory requirements• Knowledge of insurance and financial products• General office and practice management skills• Mentoring and guidance skills to assist intermediaries• Client management skills• Accounting, bookkeeping and financial record-keeping skills• Entrepreneurial skills• Business and financial management skills• IT and computer skills• Sound knowledge of legal and statutory framework for retirement andmedical schemes• Relevant technical insurance industry knowledge and practicalexperience• Training and development skills• People skills• Business and financial management skills.• Marketing and selling skills• Client service skills• Specialised goods and services relevant for industry (e.g. insurancereplacement providers, panelbeaters, loss adjustors, glass fit shops,builders, office furniture and equipment, etc.)• Entrepreneurial skills• Business and financial management skills• Marketing and selling skills• Client service skills• Supply chain management skills• Start-up capital• Office infrastructure• Business systems• Skilled human resources• Office infrastructure• Business systems• Highly skilled humanresources• Office infrastructure• Business systems• Highly skilled humanresources• Start-up capital• Office infrastructure• Business systems• Access to externaldatabases• Specialised humanresources• Start-up capital• R50 million or more ininvestors’ funds to start offand to grow assets toR100 million in 12 months• Office infrastructure• Business systems• Access to externaldatabases• Specialised humanresources• Start-up capital• Office infrastructure• Business systems withelectronic solutions tosupport practices ofindividual brokers• Specialised humanresources skills• Access to distributionchannels, esp. in emergingmarkets• Start-up capital• Office infrastructure• Accreditation withinindustry and in NQF totrain according tostandards and outcomes• Specialised and specifictraining material• Start-up capital• Office infrastructure• Specialised humanresourcesINSETA Sector Skills Plan - page 41