2012 Etana Academy programme and registration

(If you would like to register for any of the courses below, fill out the form at the end of the page)

Etana Insurance simulation

For more than a decade Business Today – a company that helps train professionals worldwide – has been perfecting a short-term insurance simulation customised for the South African market.

In the simulation, participants manage a short-term mock insurance company over four annual cycles, overseeing business dimensions such as budget, balance sheets, financial statements, unwritten premium reserve, gross written premium, return on investment, financial ratios and more.

Business Today facilitator Peter Knox says that the purpose of the simulation is to help delegates understand the interrelated functioning of business dimensions. Participants soon learn that a bad decision in one area affects business in another.

“It’s like training a pilot in a flight simulator. You crash the aircraft hundreds of times in the simulator because you cannot afford to do it on the runway or in the air. The same concept applies here.

“Rather see the disasters and consequences of bad decision in a simulated environment than out there in the real world,” says Peter.

The simulation is not a game of chance. Each “company” makes its own decisions and strategies and experiences the consequences. The simulation ends with a presentation to a very competent panel of “shareholders”, who must be persuaded to reinvest in the respective businesses.

Etana Insurance will be hosting simulations in Cape Town, Durban and Johannesburg during the course of 2012.

Insurance for dummies

These fun, interactive sessions provide an overview of the short-term insurance industry and are aimed at those new to the industry and those employed in support roles.

Etana Academy learnership

This year-long programme starts on March 1, 2012 and involves:

• Classroom and on-the-job training
• Exposure to various business units

On completion of the programme delegates walk away with an Etana Academy NQF level 4 short-term insurance qualification with the following specifications:

• SAQA ID: 66610
• FETC: Short-term insurance
• 150 credits