Young Insurance Professionals Programme 2019 For Young African Graduates: Candidates who enroll in YIPP’s Young Professionals Insurance program will need industry knowledge.
Key aspects of society in the insurance industry are based on the safety and protection of individuals, communities, and businesses.
For developing, and transition countries, an efficient and competitive insurance market is important for their integration into the global economy.
The insurance industry facilitates the facilitation of business transactions, promotes greater efficiency in the economy, the mobilization of national savings and many other important benefits, including accident prevention, floods, earthquakes, and other natural disasters, health, and life insurance.
Government social assistance programs are being replaced and supplemented with insurance products, substitutes, jobs, innovation and the creation of a financial market.
With regard to the YIPP Young Insurance Specialist Program, UNCTAD is the United Nations’ single point of contact for all matters relating to insurance and development.
Since its establishment in 1964, the YIPP program for young professionals in insurance has been an integral part of UNCTAD’s mandate. Today, the program brings more than 40 years of experience to governments and other stakeholders.
The results and conclusions of the UNCTAD XIII conference in Doha, Qatar, give an idea of UNCTAD’s current mandate in the field of insurance. “Developing countries must, inter alia, support the development of capabilities that increase the risk of catastrophic insurance risks.” (Paragraph 55 of the Doha Mandate).
The Doha mandate also calls on UNCTAD to “continue to provide policy analysis and capacity building for regulatory frameworks and insurance management for developing countries particularly vulnerable to catastrophic risks”. (Paragraph 56 (t) of the Doha Mandate)
In order to implement the above mandate, UNCTAD’s insurance program in developing countries and countries with economies in transition should help improve their insurance capabilities, create well-regulated and competitive insurance markets, and strengthen their insurance workforce.
Documents on insurance includes:
- Enterprise and Investors
- Commission Reports
Applicants are invited by the African Reinsurance Corporation for the Young Insurance Professionals Programme 2019.
This annual online training program is designed to help advance the African insurance and reinsurance industry by enabling graduates to accelerate their career development.
The Africa Reinsurance Company (Africa Re) is the largest pan-African reinsurance company and, in terms of reinsurance premiums written, the largest reinsurer in Africa and the Middle East.
Africa Re is ready to lead the development of the insurance and reinsurance sector in Africa. The Young Professionals Insurance Program (YIPP) is one of the ways in which this happens.
The Young Professionals Insurance Program (YIPP) is one of the ways in which Africa Reworks to support the development of the insurance and reinsurance industry in Africa.
The goal of this annual online training program is to provide graduates with the opportunity to accelerate their career development, thus contributing to the advancement of Africa’s insurance and reinsurance industry.
The insurance program is the starting point for an exciting career in the industry. Successful Young Professionals will benefit from an annual “Stretch / Learning” training program that will provide valuable work experience.
The YIPP Trainee will build a career by acquiring knowledge and skills through a unique combination of professional experience and a dedicated online training program in the areas of Insurance, Reinsurance, Management, and Leadership.
Participants at the end of this program should have a positive impact on the understanding of the reinsurance industry and its future responsibilities in terms of strong leadership, governance, and accountability.
to be able to reduce certain bad practices, and approaches by developing a constructive competitive approach in African reinsurance markets and to improve expertise
All About Young Insurance Professionals Programme (YIPP)
The African Reinsurance Corporation has its headquarters in Lagos, Nigeria and it is an International Financial Institution with full diplomatic status.
It was established in February 1976 by the Member States of the new African Union (AU), formerly Organisation of African Unity (OAU). The African Reinsurance Corporation (Africa Re) is the leading reinsurance company in Africa.
Young Insurance Professionals Programme Benefits
The top ten young professionals who are successful in the completion of the YIPP programme will 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 YIPP insurance programme, applicants must be citizens of a member state of Africa Re and the maximum age required of applicants is thirty-two years (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 are 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
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 necessary, an interview may be part of the assessment process.
After the application process, successful applicants will be contacted by email before 30 June 2019 and must be available for the programme commencement in July 2019. 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 inquiry about the application process, they should be emailed to [email protected]
For more information, applicants are to visit Young Insurance Professionals Programme.
After the application process, assessment exercises and tests are aimed at different goals. For example, candidates need to memorize and improve the concepts, procedures, and principles of African Reinsurance Corporation (Africa Re).
It might interest you to know that the African Reinsurance Corporation (Africa Re) has four programme modules which include,
- 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 and et cetera.