Young Insurance Professionals Program: Enhance your knowledge of the insurance career as an African Professional with the Young Insurance Professionals Program for Young African Graduates, YIPP, in 2022.
For applicants registering for the Young Insurance Professionals Program YIPP, it is vital for them to have a piece of knowledge about the industry.
Key aspects of society in Insurance is underpinned by providing security and protection to individuals, communities, and businesses.
Of importance to developing countries and countries with economies in transition is an efficient and competitive insurance market as they integrate into the world economy.
Applicants are invited by the African Reinsurance Corporation (Africa Re) for the Young Insurance Professionals Program 2021.
Let us begin the scholarship talk proper.
About Young Insurance Professionals Program
The African Reinsurance Corporation, having its headquarters in Lagos, Nigeria 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 Organization of African Unity (OAU). The African Reinsurance Corporation (Africa Re) is the leading reinsurance company in Africa.
Benefits of the Insurance Program
The top ten young professionals who are successful in the completion of the YIPP program 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.
Eligibility for the Insurance Program
To be eligible for this insurance program, applicants must be citizens of a member state of Africa Re and the maximum age required of applicants is 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.
Submission of an online application between May 7 and June 6, 2021, by interested candidates, is requested to submit.
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 deemed necessary, an interview may be part of the assessment process.
After the application process, successful applicants will be contacted by email before 30 June 2020 and must be available for the program commencement in July 2020. There are various modules for this insurance program and must be taken by any candidate who does not participate in any of the modules that will be excluded from the program.
For more information, applicants are to visit Young Insurance Professionals Program.
After the application process, evaluation exercises and tests are incorporated and is focused at different objectives such having applicants memorize and improve the understanding of the concepts, procedures, and principles of African Reinsurance Corporation (Africa Re) stated.
It might interest you to know that the African Reinsurance Corporation (Africa Re) has four program 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 Program
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 also follow The African Reinsurance Corporation (Africa Re) up on social media via their account on Facebook, LinkedIn, Twitter ad et cetera.