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 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 = R Currently employed, disabled Learners = R Unemployed Learners = R 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 31 st 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
FINANCES: Year ended 31 March 2003 R’000 Year ended 31 March 2002 R’000 Total Revenue Total Expenses(72 911)(69 026) Total net funds and liabilities Total assets
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
THANK YOU - QUESTIONS ?