For applicants enrolling for the Young Insurance Professionals Programme YIPP, it is necessary for them to have a knowledge about industry.
Key aspects of society in Insurance is underpinned by providing security and protection to individuals, communities and businesses.
Of importance to developing countries and countries with economies in transition is an efficient and competitive insurance market as they integrate into the world economy.
Insurance industry grants facilitation of commercial transactions encouragement to greater efficiency in the economy, mobilization of domestic savings and provision of many other important benefits such as: coverage against accidents, floods, earthquakes and other catastrophes and natural disasters, and health and life insurance.
Government welfare programmes are substituted for and complemented by Insurance also substitutes for generates employment, encourages innovation and helps build a country’s financial market.
Talking about the Young Insurance Professionals Programme YIPP, UNCTAD is the pivot of the United Nations for all matters related to insurance and development.
Since its establishment in 1964, the Young Insurance Professionals Programme YIPP has been an integral part of UNCTAD’s mandate. Today, the Programme brings to governments and other stakeholders alike more than 40 years of experience.
The outcomes and conclusions of the UNCTAD XIII Conference in Doha, Qatar grants derivation to UNCTAD’s current mandate in the area of insurance, which state that: ” developing countries need, inter alia, support to develop capacities that would enable greater use of catastrophic insurance risk coverage “. (Paragraph 55 of Doha Mandate).
The mandate of Doha also requests UNCTAD to: “Continue to provide policy analysis and capacity-building on insurance regulatory frameworks and risk management for developing countries that are particularly vulnerable to catastrophic risks “. (Paragraph 56(t) of Doha Mandate)
In order to have the above mandate implemented, the above mandate, UNCTAD Insurance Programme aims to assist developing countries and countries with economies in transition to have their insurance capacity upgraded, establish well regulated and competitive insurance markets and to have their insurance human resources capacity improved.
Documents on insurance includes
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Applicants are invited by the African Reinsurance Corporation (Africa Re) for the Young Insurance Professionals Programme 2018.
This annual online training programme is aimed at contributing to the progress of the African insurance and reinsurance sector via offering brilliant graduates the possibility of accelerated career development.
The African Reinsurance Corporation (Africa Re) is the leading pan – African Reinsurance Company and in terms of net reinsurance written premiums, the largest re-insurer in Africa and the Middle East.
Africa Re is poised to foster the development of the insurance and reinsurance industry in Africa and the Young Insurance Professionals Programme (YIPP) is one among the several avenues through which it does this is.
The Young Insurance Professionals Programme (YIPP) is one of several ways Africa Re fulfils one of its missions to foster the development of the insurance and reinsurance industry in Africa.
The objective of this annual online training programme is to offer brilliant graduates the possibility of accelerated career development thereby contributing to the progress of the African insurance and reinsurance sector.
The insurance programme is a starting point for an exciting career in the industry. Candidates who are successful for the Young Professionals Programme will undergo a training programme on a yearly basis with a “stretch/learning assignment” built in, where valuable on-the- job experience will be gained.
A career will be built by the YIPP trainee by acquiring knowledge and competencies through a unique mix of on-the-job experience and a dedicated online training programme in insurance, reinsurance, management and leadership.
At the end of this programme, it is expected that participants would have been positively impacted to understand the Reinsurance industry and their future missions with regard to strong leadership, governance and accountability;
be able to reduce some poor practices and approaches via developing a constructive approach to competition in the African reinsurance markets and improve professionali
All About Young Insurance Professionals Programme (YIPP)
The African Reinsurance Corporation, having its headquarters in Lagos, Nigeria is an International Financial Institution with full diplomatic status.
It was established in February 1976 by Member States of the now African Union (AU), formerly Organistion of African Unity (OAU). The African Reinsurance Corporation (Africa Re) is the leading reinsurance company in Africa.
Young Insurance Professionals Programme (YIPP) Benefits
The top ten young professionals who are successful in the completion of the YIPP programme wull receive sponsorship from
Africa Re to one of the major insurance/reinsurance events in Africa (AIO, FANAF); a certificate of completion issued by Africa Re and the London School of Insurance; and accelerated career development in the industry.
Young Insurance Professionals Programme Eligibility
To be eligible for this insurance programme, applicants must be citizens of a member state of Africa Re and the maximum age required of applicants is 32 years.
Furthermore, a Bachelor’s degree or its equivalent and relevant work experience in an insurance or reinsurance company, insurance broking firm or other related field is required.
In addition to the eligibility requirements listed already, access to the internet and excellent writing and oral communication skills in English and/or French is required.
Young Insurance Professionals Programme (YIPP) Application
Submission of an online application between May 7 and June 6, 2018 by interested candidates is requested to submit.
Applicants are to log on to http://younginsurancepro.com and click on “Register” to fill in the application form.
After the deadline, applications received will not be considered. Applicants are to upload their curriculum vitae, cover letter and reference forms. If deemed necessary, an interview may be part of the assessment process.
After the application process, successful applicants will be contacted by email before 30 June 2018 and must be available for the programme commencement in July 2018. There are various modules for this insurance programme and must be taken by any candidate who does not participate in any of the modules will be excluded from the programme.
For any enquiry about the application process, they should be emailed to firstname.lastname@example.org
For more information, applicants are to visit Young Insurance Professionals Programme .
After the application process, evaluation exercises and tests are incorporated and is focused at different objectives such having applicants memorize and improve the understanding of the concepts, procedures and principles of African Reinsurance Corporation (Africa Re) stated.
I might interest you to know that the African Reinsurance Corporation (Africa Re) has four programme modules which includes,
- Basic foundations in Reinsurance
- Technical Accounting
- Claims & Liability in Insurance & Reinsurance
- Fire & Marine
This module focuses on:
- Introduction to Reinsurance;
- Intermediate Reinsurance and
- Designing a Reinsurance Programme.
The focus of this module is on the following,
- Basic Reinsurance Technical Accounting and
- Advanced Reinsurance Technical Accounting
Module 3 focuses on
- Introduction to Insurance & Reinsurance Claims Management;
- Advance Insurance & Reinsurance Claims Management;
- Basic Liability Insurance and Reinsurance and
- Advanced Liability Insurance and Reinsurance.
This module’s focus is on
- Introduction to Fire Insurance & Reinsurance;
- Advanced Fire Insurance & Reinsurance;
- Marine Cargo Insurance & Reinsurance and
- Marine Hull Insurance & Reinsurance.
Applicants can follow The African Reinsurance Corporation (Africa Re) up on social media via their account on Facebook, LinkedIn, Twitter ad et cetera.