Let’s take a look at the INSETA PIVOTAL programme funding habits for insurance sector development.
Tracing the INSETA PIVOTAL Programme Funding Habits
Studying the Insurance SETA habits can help you spot opportunities that you care about.
PIVOTAL stands for Professional, Vocational, Technical and Academic Learning to obtain full or part NQF registered qualifications. If you’re an unemployed youth it’s important to understand where various opportunities exist.
Skills Development in the Insurance Sector can be Corrupt
We’ve seen that companies operating in the insurance sector can be very corrupt and lawless. For example, firms such as PSG Wealth use every trick in the book to exploit youth.
We’ve defended a learner on an illegal learnership at PSG Wealth. We won the case as they were corrupt and did not follow the rule of law. INSETA didn’t do anything about it, so I suspect there may be other unlawful interventions in the insurance sector.
How to Use INSETA PIVOTAL Programme Information if You’re Unemployed
Visit the INSETA website to investigate what PIVOTAL Programme Funding is available now. Understand what impact insurance-scarce skills have on the sector and check if any of the opportunities interest you:
What is an example of a PIVOTAL Programme?
Here are examples of PIVOTAL programmes:
- Learnerships
- Apprenticeships
- Workplace Experience
- Recognition of Prior Learning
- Skills Programmes
- Graduate Development
- Public Further Education and Training College Graduates
- Bursaries for universities of technology, public further education and training colleges and university studies.
I extracted the data from INSETA PIVOTAL Programme documents such as:
INSETA PIVOTAL Programme Funding
We’ll be continuing to research and publish on this topic during 2024 so watch this space!
INSETA PIVOTAL Programme Focus 2019 – 2020
List of INSETA NQF LEVEL 6 PIVOTAL Programme Interventions:
| OCCUPATION IN DEMAND | ALTERNATIVE TITLE | PLANNED ACTIVITY | QUANTITY NEEDED | QUANTITY FOR SUPPORT | COMMENTS |
|---|---|---|---|---|---|
| 2) Actuary | Actuary Manager/Average Adjuster | Training of Actuaries to undertake Moses testing, VBA & C++ programming & Risk Calculations. Training of qualified actuaries to obtain long-term business experience. | 45 | 50 | Pivotal funding is directed at the full range of pivotal scarce & critical skills required |
| 3) Sales Manager | Sales Executive | Training on the management of the insurance sales environment. FAIS ST1 Commercial Lines qualification (New business development of commercial entities). | 23 | 100 | Funding mechanisms, viz. learnerships, bursaries, projects & skills programmes |
| 5) Insurance Broker | Short-Term Insurance Consultant | Funding of short-term insurance qualifications, viz. degrees, diplomas, certificates and skills programmes. | 18 | 1000 | Funding mechanisms, viz. learnerships, bursaries, projects & skills programmes |
| 7) Sales & Marketing Manager | Business Support Manager | Training on procedures to meet Production Targets & Goals. Training on Investment Instruments & Financial Theory. Training on Financial Services & Asset Management. | 14 | 15 | Insufficient no. of Sales & Marketing Managers with suitable critical skills |
| 10) Office Manager | Centre Manager | Learning interventions in advanced business administration skills. | 10 | 100 | Pivotal funding is directed at the full range of pivotal scarce & critical skills required |
List of NQF LEVEL 7 INSETA PIVOTAL Programme Interventions
| OCCUPATION IN DEMAND | ALTERNATIVE TITLE | PLANNED ACTIVITY | QUANTITY NEEDED | QUANTITY FOR SUPPORT | COMMENTS |
|---|---|---|---|---|---|
| 1) Insurance Agent | Insurance Underwriter | Training on Commercial and Personal Lines insurance as well as Technical & Medical Underwriting. Focus on Fit & Proper Requirements to conduct effective insurance sales. | 52 | 1000 | Pivotal skills training Funding mechanisms , viz. learnerships, bursaries, projects & skills programmes |
| 4) Developer Programmer | ICT Developer/Applications Developer | Training to develop high-level system developers, viz. analyst, architect & technical developers. Training on writing programs in a variety of computer languages, viz. C++ and Java Update. | 19 | 50 | Pivotal funding is directed at the full range of pivotal scarce & critical skills required |
| 6) Compliance Officer | Financial Markets Compliance Officer | Increasing the regulatory body of knowledge of compliance officers through training interventions. Training of compliance officers to apply their knowledge both theoretically & practically in the insurance sector. | 16 | 500 | Pivotal funding is directed at the full range of pivotal scarce & critical skills required |
| 8) Financial Investment Advisor | Financial Planner | Training on Financial Plans for Individuals & Organizations; Investment Strategies & Taxation; Securities, Insurance, Pension Plans & Real Estate. | 14 | 200 | Pivotal funding is directed at the full range of pivotal scarce & critical skills required |
| 9) Finance Manager | Chief Accountant | Learning programmes that involve advanced financial analysis. Courses on understanding of implementing budgetary controls. Advanced financial skills to check the accuracy of insurance claims. | 12 | 100 | Funding mechanisms, viz. learnerships, bursaries, projects & skills programmes |
