SSP Brochure:Layout 1 - INSETA

ANNEXURE GINSETA BUSINESS PLANINSETA BUSINESS PLAN - EXECUTIVE SUMMARYMission Statement“Inseta promotes and enables quality skills development through funding education and training in South Africa to meet the nationalskills agenda and contributes to transformation in the Sector.””1. TransformationAs the statutory Education and Training Authority in the Insurance Sector, Inseta will actively promote the development of people in, andthe transformation of the industry as endorsed by the Financial Sector Charter.Internal Transformation• The Council of Inseta comprises 61% Blacks of whom 53% are female.• The staffing of Inseta reflects an 83% Black profile of whom 70% are female.External Transformation• Through its funding of skills development on a basis of 85% Black, 54% Females and 4% disabled learners; Inseta exerts practicalencouragement for the increased engagement and skills development of black learners. The research indicates that the Insurance industryhas not made significant strides in this area. Inseta therefore has an important role in ensuring a pipeline of trained black people for careersin the insurance industry.• Since Inseta’s inception training the majority of Training Providers awarded contracts have been white. This is mainly because currentlymost of the Training Providers in the sector are white. The development of black Training Providers therefore is one way by which Insetacan encourage black participation. In 2006 Inseta started an initiative to train black brokers as Skills Development Facilitators. Thistransformation initiative will continue for 2007/2008 with the aim of producing successful BEE training providers and directing sometargeted projects to them.2. Stakeholder RelationsSince its inception six years ago Inseta has outlaid R33 million to fund 4759 Learnership programmes for young matriculants in the InsuranceIndustry. In addition, R435 million was released into the sector over the same period, to fund Inseta initiated training projects, and toreimburse levy paying entities for the monies they spent on training their staff. These interventions by Inseta have materially benefitedInseta’s stakeholders and the learner population.Inseta has four layers of stakeholders:• Levy (1150) and Non-levy payers (7300) – The Inseta main offerings to this group being payments of mandatory grants and discretionarygrants. Inseta has over the years successfully delivered to this prime constituency according to funds available.• SDFs, Assessors, Moderators and Training Providers – The main offerings this group seeks from Inseta are i) Accreditation with Inseta, ii)Certification of learners and iii) Prompt payment from Inseta. Whilst they agree and accept that each of these is rightly governed byprescribed DoL procedures and strict formalities, Inseta often faces criticism over the bureaucratic requirements with which trainingProviders are required to comply with. The quality of documentation received from this group is often poor even after continual guidanceby Inseta personnel and published procedures. Clearly it is in the interest of all concerned that the ongoing guidance effort continues.There is also inconsistency in the service offered to stakeholders by training providers.• Organised Trade and Professional Bodies – The group have acknowledged Inseta’s right to have direct dealings with its levy payingstakeholders but have requested closer ties and involvement with themselves. This will be an important Inseta focus going forward andwill be underpinned by the following principles:• That Industry Trade and Professional Bodies understand and accept Inseta’s mandate and autonomy;• That all collaborative efforts must maximize reciprocal benefit.INSETA Sector Skills Plan - page 61