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INSETA COUNCIL ANNUAL REPORT BACK TO STAKEHOLDERS 2002/2003. Presented 10 th September 2003. OVERVIEW: Corporate Governance Skills Development INSQA Learnerships Projects Finances The Way Forward Questions. CORPORATE GOVERNANCE: Is considered one of INSETA’s critical success
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INSETA COUNCIL ANNUAL REPORT BACK TO STAKEHOLDERS 2002/2003 Presented 10th September 2003
OVERVIEW: • Corporate Governance • Skills Development • INSQA • Learnerships • Projects • Finances • The Way Forward • Questions
CORPORATE GOVERNANCE: • Is considered one of INSETA’s critical success • factors • Implemented appropriate policies and procedures • INSETA complies fully with best practice • Implemented Fraud Prevention Plan and Materiality • Framework
SKILLS DEVELOPMENT: • Scoped programmes and providers to: • assist 126 Skills Development Facilitators to develop their • Portfolios of Evidence • train all new Skills Development Facilitators • up-skill Skills Development Facilitators through a • programme designed to develop them to become more • strategic people in their organisation • Conducted series of workshops about the alignment • of skills development and employment equity • Focussed on programmes such as INSPREP and • Women in Insurance (WIN)
SKILLS DEVELOPMENT CONT./.. • Number of Skills Development Facilitators registered • with INSETA increased by 43% • 71 % increase in the number of Workplace Skills • Plans submitted • Updated Sector Skills Plan, which included major • research, received excellent feedback from Dept. of • Labour • Developed holistic strategy for Small, Medium and • Micro Enterprises (SMME’s) • Appointment of Regional Advisors in Western Cape, • Kwazulu Natal and Gauteng to support and guide • smaller employers
INSQA: • Accredited 28 in-house and private training providers • in the sector. Quality of accreditation submissions • has been outstanding • Unit standards and Qualifications submitted to SAQA • for registration include: fundamental unit standards • for NQF Levels 5 & 6, unit standards for FAIS and FICA • at Level 2 • A National Certificate in Wealth Management : Level 5 • A National Certificate in Risk Management : Level 4
INSQA CONT./.. • International Study Tour to United Kingdom to • research international systems and processes • Special initiatives include: developing guidelines for • assessment, moderation and recognition of prior • learning; training 645 assessors; conducting a • feasibility study on establishment of an assessment • centre and developing material for all qualifications • at levels 2 to 4 including mathematical literacy • Training trainers to deliver outcomes based • education and training • Mathematical Literacy concession from SAQA
INSQA CONT./.. • Met conditions to ensure that we retain our • accreditation status as an ETQA • Implementation of FAIS Project • Introduction of Q – INSQA’s Quality Guide!
LEARNERSHIPS: • 15 Learnerships registered by the Department of • Labour • Learners on Learnerships are predominately • unemployed • Total number of Learners is 154 – 109 unemployed, • 45 employed • Budgeted R6 million for the implementation of • Learnerships for 2002/3 • Grants: • Currently employed Learners = R12 000 • Currently employed, disabled Learners = R25 000 • Unemployed Learners = R20 000 • Unemployed, disabled Learners = R40 000
LEARNERSHIPS CONT./.. • Challenges: • Learnerships are still a new concept within the • insurance sector and the take-on by employers • has been slow • Identifying accredited service providers to assist • with the development of outcomes based • education learning materials • Insufficient learning materials, assessors and • accredited providers
STAKEHOLDER AND INSETA PROJECTS: • As at 31st March 2003, 25 stakeholder projects were • completed • Discretionary funded projects tackle diverse issues • 38 INSETA projects that will benefit the sector as a • whole. 11 of these have been completed to date • Introduction of ELDP and LAP Programmes – will • play a critical role in extending management and • executive capacity in the sector • INSPREP – all 50 completed the programme and 33 • of these learners are employed or engaged in • Learnerships in the sector
THE WAY FORWARD: • Continue to focus on delivery in terms of our • mandate and functions to all stakeholders • Support and contribute to the implementation of the • Financial Services Black Economic Empowerment • Charter – Learnerships agreed in that Charter • Continue to position INSETA as a strategic alliance • partner and business collaborator to all stakeholders • in the sector • Actively implement the Sector Skills Plan • Implement all INSETA Learning Strategy • programmes
THE WAY FORWARD CONT./.. • Accredit outstanding training providers and • implement all other quality assurance functions • Accelerate the implementation of Learnerships • Give special support to SMME’s • Implement industry-wide projects – Mathematical • Upliftment Project and WIN (Women In • Insurance) • - CHALLENGE: FAIS