SSP Brochure:Layout 1 - INSETA

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5.7 ConclusionsThis last chapter outlines some of the specific areas on which the INSETA will be focusing in the planning period, apart from skillsdevelopment to alleviate scarcity of skills in certain areas and to close the skills gaps that exist in the sector. The training of people forentrepreneurship and the development of new small businesses is an important area. Although participants in the SSP developmentprocess were able to identify several small business opportunities, most of them require high levels of industry knowledge and skills overand above entrepreneurial skills. This makes new ventures in the insurance industry relatively inaccessible to new entrants to the labourmarket. However, the INSETA will endeavour to assist young people with skills development needed for small business development inthis sector. The INSETA will also assist existing small businesses with skills development through a voucher system and through its regionalforums and initiatives.ABET interventions will be specifically aimed at intermediaries or brokers who sell funeral policies. ABET will support them to gain accessto the skills programme required in terms of the FAIS Fit and Proper requirements. The SETA will furthermore retain in its research agendathe identification of organisations who can be assisted to achieve a national standard of good practice and stakeholder capacity buildingneeds.INSETA Sector Skills Plan - page 43
REFERENCESBHF and Alexander Forbes Health Care Consultants, Key Performance Indicators from the 2004 Survey of Medical Schemes in Southern Africaand Interview with representatives of the Board of Healthcare Funders.Council for Medical Schemes, Annual Report, 2004/2003.Deloitte & Touche, The 10 most important issues for the Insurance Industry in 2005, http://www.deloitte.com/dtt/researchDepartment of Education, The Development of Education – Country Report of South Africa.47 th International Conference on Education,September 2004.FSB Annual Report, 2004.FSB, Annual Report of the Registrar of Pension Funds, 2000.FSB, Annual Report, 2005.FSB, Fifth Annual Report of the Registrar of Long Term Insurance, 2002.FSB, Fifth Annual Report of the Registrar of Short Term Insurance, 2002.FSB, Forty-fifth Annual Report of the Registrar of Pension Funds, 2003.FSB, Forty-fourth Annual Report of the Registrar of Pension Funds, 2002.FSB, Forty-third Annual Report of the Registrar of Pension Funds, 2001.FSB, Fourth Annual Report of the Registrar of Long Term Insurance, 2001.FSB, Fourth Annual Report of the Registrar of Short Term Insurance, 2001.FSB, Sixth Annual Report of the Registrar of Long Term Insurance, 2003.FSB, Sixth Annual Report of the Registrar of Short Term Insurance, 2003.FSB, Special Report on the Results of the Long-term Insurance Industry for the period ended December 2005.FSB, Special Report on the Results of the Short-term Insurance Industry for the period ended December 2005.FSB, Third Annual Report of the Registrar of Short Term Insurance, 2000.Grant Thornton & Prodigy Business Services, Information on Financial Advisors in the South African Insurance Industry. Report presented toINSETA, November 2003.Lawless, A. Numbers and Needs. Addressing the imbalance in the civil engineering profession. SACI: Halfway House, 2005.Life Offices Association, LOA Discussion Paper on Costs and Commission Structures for Long-Term Insurance Savings Policies, http://www.loa.co.za,June 2005.Inseta, Survey of Employment, Scarce and Critical Skills in the Insurances Sector, May 2006.Napier, Mark, Provision of Financial Services in South Africa. Case study presented at the Services Experts Meeting, 3-4 February 2005.http://www.finmark.org.zaNational Treasury, Contractual Savings in the Life Insurance Industry, Pretoria, March 2006.PriceWaterhouseCoopers, Emerging Trends and Strategic Issues in South African Insurance, 2004.Solomon, D. and McDonald, I. Spitzer decries lax regulation over insurance, http://www.injurylawattys.com/medical-insurance.htm.South Africa, Financial Advisory and Intermediary Services Act, No. 37 of 2002. Government Printers, Pretoria, 2002.South African Qualifications Authority, Trends in Public Higher Education in South Africa:1992 to 2001.Pretoria, October 2004.Statistics South Africa, Labour Force Survey, September 2004.Statistics South Africa, Labour Force Survey, September 2005.Statistics South Africa, Statistical Release PO441, 31 May 2005.Statistics South Africa, Statistical Release PO441, 31 May 2006.USA Bureau for Labor Statistics, http://www.bls.gov/oco/cg/cgs028.htm.INSETA Sector Skills Plan - page 44
Page 5 and 6: Table 4.4 Scarce skills: clerical a
Page 7: EXECUTIVE SUMMARYBackground and met
Page 10 and 11: How the INSETA addressed Scarce and
Page 12 and 13: 1 PROFILE OF THE SECTORThe insuranc
Page 14 and 15: Table 1.4 Other activities of organ
Page 16 and 17: A major problem in estimating the n
Page 18 and 19: • The fact that the industry has
Page 20 and 21: Figure 1-6 Trends in net premium in
Page 22 and 23: Figure 1-9 Trends in collective inv
Page 24 and 25: additional staff. The technology al
Page 26 and 27: 2 THE DEMAND FOR SKILLS IN THE SECT
Page 28 and 29: 2.3 Employment trends2.3.1 Changes
Page 30 and 31: Competition from other financial se
Page 32 and 33: 3 THE SUPPLY OF SKILLS TO THE SECTO
Page 34 and 35: Table 3.2 Population group distribu
Page 36 and 37: Figure 3-4 Senior Certificate passe
Page 38 and 39: Table 3.7 Qualifications awarded by
Page 40 and 41: 3.3.3 Further education and trainin
Page 42 and 43: Table 3.13 People to be trained in
Page 44 and 45: • The racial profile of graduates
Page 46 and 47: OccupationPosts difficult to fillSp
Page 48 and 49: Table 4.5 Scarce skills: sales occu
Page 50 and 51: The scarce skills identified in the
Page 52 and 53: Small business opportunity Subsecto
Page 56 and 57: ANNEXURE APROFESSIONAL BODIES INTER
Page 58 and 59: Core component of BEE Indicators Ta
Page 60 and 61: Senior managementBlackMaleTOTAL MAN
Page 62 and 63: ANNEXURE ESCARCE SKILLS IN THE INSU
Page 64 and 65: OCCUPATION level ss Specialisation/
Page 66 and 67: OCCUPATION level ss Specialisation/
Page 68 and 69: ANNEXURE FCRITICAL SKILLS NEEDED IN
Page 70 and 71: OCCUPATION level ss52 Personal Assi
Page 72 and 73: ANNEXURE GINSETA BUSINESS PLANINSET
Page 74: The DoL requires all Councils to un

SSP Brochure:Layout 1 - INSETA

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