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PARLIAMENT BRIEFING 10 NOVEMBER 2009 Sandra Dunn - CEO

PARLIAMENT BRIEFING 10 NOVEMBER 2009 Sandra Dunn - CEO. 10 November 2009. Contents of Presentation:. Vision Profile of the Insurance Sector Corporate Governance Highlights of Annual Report 2008/9 Transformation Training Layoff Scheme Conclusion. Inseta Mission. Inseta Mission

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PARLIAMENT BRIEFING 10 NOVEMBER 2009 Sandra Dunn - CEO

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  1. PARLIAMENT BRIEFING 10 NOVEMBER 2009Sandra Dunn - CEO 10 November 2009

  2. Contents of Presentation: • Vision • Profile of the Insurance Sector • Corporate Governance • Highlights of Annual Report 2008/9 • Transformation • Training Layoff Scheme • Conclusion

  3. Inseta Mission Inseta Mission “Inseta promotes and enables qualityskills development through funding education and training in South Africa to meet national skills agenda and contributes to transformation in the sector” “Working Today for a Skilled Tomorrow”

  4. Profile of the Insurance Sector Employing in excess of 137 000 people, the insurance sector forms part of a large and rapidly growing financial services sector in SA and comprises the following sub sectors: (FSB Annual Report, 2007)

  5. Profile of the Insurance Sector

  6. Profile of the Insurance Sector DEMOGRAPHIC PROFILE • Employment growth over a five year period has revealed a steady growth in black employment • There has been a higher employment growth of black females as opposed to white females • Employment of disable people Incomplete

  7. Profile of the Insurance Sector DEMOGRAPHIC PROFILE

  8. Profile of the Insurance Sector GEOGRAPHIC PROFILE • More than half of the workers in the Sector lived in Gauteng • Other provinces accommodated only small components of the Sector – mostly brokerages • More than half of the employees in the Sector are women

  9. Equity Profile of the Sector

  10. Corporate Governance - INSETA Council 10

  11. Corporate Governance INSETA has for the past nine years received unqualified audits Investigations • Allegations of improprieties at INSETA were dealt with swiftly by the Council • A forensic investigation was conducted • The CEO and Senior Manager of ETQA & Learnerships were suspended • Ms. Sharon Snell, COO at INSETA was appointed Acting CEO • Disciplinary proceedings were instituted against the employees • The CEO resigned his position • The Senior Manager’s employment with INSETA was terminated Council & Management are committed to ensuring that INSETA continues to operate at the highest levels of integrity & meets the needs of its stakeholders 11

  12. Highlights from Annual Report 2008/9 • Financial Management: • Levy income remained resilient - increasing 14% despite global economic conditions • Admin surplus of R2,5 million – which will increase the funding available for spending on sector-related projects • Mandatory Grant Payouts remained high at 88% • 126,2 million of the R130.2 million has been allocated to projects • The actual spend on approved projects was R49.1 million 12

  13. Highlights from Annual Report 2008/9 • Skills Development: • The Sector Skills Plan was updated and submitted • Provincial Presence: through the appointment of Regional Advisors in the major regions, INSETA has been able to harness relationships and partnerships with numerous stakeholders and service providers • Institute of Sectoral Excellence (ISOE) Grants: Three recipients received ISOE Grants from INSETA – they are African Union Skills Development, Durban University of Technology and INTEC College bringing to eight the number of institutions that have been supported to date • 468 levy payers received mandatory grant payments and 792 skills development facilitators were registered with INSETA during the year 13

  14. Highlights from Annual Report 2008/9 • Quality Assurance: • INSETA was reaccredited for its second phase as an ETQA with SAQA. • Verification of learning delivery and achievements: During the year, 1,962 learners were accredited for the achievement of full qualifications and 2,240 unit standards achieved through short skills programmes have been recorded. • Provider Accreditation, monitoring & auditing: Providers accredited with INSETA for five years have become due for their first audit towards continued accreditation with INSETA. A dedicated consultant has been appointed to assist with the audits and the first round of audits have already been concluded. 14

  15. Highlights from Annual Report 2008/9 • Quality Assurance: • 11 training providers have been awarded primary accreditation or secondary accreditation for programmes through MOU’s with other SETAs • Registration of Qualifications & Unit Standards on NQF: INSETA has engaged with SAQA through a JIP for the development of unit standards & qualifications for the sector. 5 new qualifications were registered on the NQF, bringing the total of 36 qualifications which INSETA is accredited to quality assure. • Registration of Assessors and Moderators: 175 assessors and 54 Moderators were appointed and registered during the year 15

  16. Highlights from Annual Report 2008/9 Learnerships Key Highlights Targets for learners with disabilities exceeded by 299% through learnerships 348 High potential Black Graduates completed the Wealth Management NQF Level 5 Learnerships Focus has been on providing people with re-skilling opportunities through learnerships Learnership Funding: Council approved funding to the value of R19,5 million during the year. 16

  17. Highlights from Annual Report 2008/9 • Key Highlights • Bursaries: Bursaries to the value of R5,1 million were approved during the year. • INSETA FAIS Fit & Proper Project: • Recognition of Prior Learning Assessments were concluded nationally in June & November 2008. 11,282 financial advisors sat the assessment of whom 8,999 passed. • Discretionary Grant Projects: 15 Year 9 projects were approved and funded during the year to the value of R66,2 million. 17

  18. Transformation Acceleration of Broad Based Black Economic Empowerment and Employment Equity Beneficiaries of Learning Programmes during the period under review: 18

  19. Training Layoff Scheme Inseta Response • Research report commissioned to provide intelligence on the sector • Employment equity slow down • No layoffs planned for the short term • Bursary Funding proposed to fund layoffs which may arise • Working closely with CCMA and other role players • Emphasis on speed. Time is of the essence • Quality training for employability • Increased spend on projects for employability • Accelerated delivery

  20. Conclusion Inseta takes its skills development mandate seriously. This is evidenced in the fact that it has recorded to date over 69,000 learners approximately 55,000 of whom have successfully completed qualifications, skills programmes or unit standards. Inseta wishes to thank the Department of Labour for its support over the past 9 years and looks forward to continuing skilling workers for “decent work” under the guidance of the Department of Higher Education and Training.

  21. THANK YOU

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