Learners funded by the Insurance Sector Skills Fund (ISSF) have graduated from their studies towards a National Certificate in Wealth Management, the latest in a series of skills development initiatives aimed at supporting South Africa’s insurance industry.
The cohort, which comprised both unemployed and employed candidates, graduated from the Ikhwezelihle Training Institute which hosted the ceremony.
INSETA, SASRIA and SEACOM and other organisations are supporting the skills development programme.
Graduates learn skills which will support their progression in the insurance industry
The National Certificate in Wealth Management provides learners with qualifications which equip them with skills and knowledge relevant to South Africa’s insurance industry.
For unemployed participants, completing an industry-relevant skills development programme can provide a springboard to employment; for employees, it can provide an opportunity to strengthen their performance capabilities and technical knowledge.
Completing a skills development programme, however, should not be seen as a guarantee of job security or progression – individual competency and other factors will always play a role in these decisions.
Insurance industry partnerships help South Africa address skills shortages
The graduation also highlights the importance of partnerships in addressing the skills needs of South Africa’s insurance industry.
INSETA – the body charged with supporting skills development in the insurance and related financial services sector – works with initiatives like SASRIA, SEACOM and the ISSF in supporting such programmes.
Training institutions, sector bodies like INSETA and industry players can work together to align education and workplace skills with the needs of the industry.
Why insurance sector skills development is important
South Africa’s insurance industry needs people with a range of financial, administrative, customer service and technical skills.
Skills development programmes can equip learners with the technical knowledge they need for the environment, while also providing a pathway to postgraduate education and employment.
For young South Africans and the unemployed considering a career in financial services, insurance and wealth management, industry-specific training initiatives are therefore well worth exploring – with a few important caveats.
Job prospects and insurance skills development
The ISSF and its partners have emphasised that their support is directed towards creating a competent and qualified workforce for the future of the insurance industry.
For these graduates, their completion of the National Certificate in Wealth Management is the end of one learning journey and the beginning of the next.
For other prospective candidates, the initiative illustrates the value of partnerships in delivering training opportunities which support the needs of the insurance industry.
Application information unavailable to prospective candidates
No information about a new application programme, closing date, stipend, age requirements, minimum qualification or number of available places was provided with the information about the ISSF-funded graduation.
Readers should therefore not assume that the ISSF-funded programme is currently accepting applications.
Prospective candidates should confirm their eligibility for and the availability of such programmes with the relevant authorities.
Source
Source: Ikhwezelihle Training Institute / information supplied about the ISSF-funded graduation. This article is based on the supplied information about the National Certificate in Wealth Management graduates and the supporting organisations.
Editorial policy
This article has been independently written for South African readers and based solely on the supplied information. No unsupported salaries, stipends, application closing dates, eligibility requirements or employment guarantees have been added. Areas of uncertainty have been indicated.
Disclaimer
This article is for general information and career awareness purposes only and is not an application advertisement or employment guarantee. Programme availability, funding and eligibility are subject to change and candidates should always confirm directly with the relevant training institution, ISSF or sector organisation before applying or submitting personal information.
Applicant awareness
South Africans seeking funded training should be wary of advertisements which request payment in exchange for guaranteed admission, funding or employment. Always confirm the organisation, programme and application procedures with an official and trusted source before submitting personal or payment information.
