HUMAN CAPITAL DEVELOPMENT THE HYDE PARK ACCORD INDUSTRY STRATEGIC RISK FORUM

THE NEED FOR HUMAN CAPITAL DEVELOPMENT IN THE INDUSTRY ATTRACTING THE RIGHT TALENT TO THE INDUSTRY THE EDUCATION OF THAT TALENT

EDUCATION, PROFESSIONALISM AND BUSINESS THESE THREE CONCEPTS ARE FULLY ENTERTWINED SAIA, FIA AND IISA

VERY DIVERSE, COMPLEX, SOMETIMES MISUNDERSTOOD AND UNCOORDINATED TO DRIVE A MORE HOLISTIC APPROACH

EMPLOYER’S INCENTIVE REWARDS SCHEMES A WIDER LEVEL OF TECHNICAL INSURANCE STUDIES THE IISA PROGRAMMES IN INSURANCE AT UNISA MILPARK BUSINESS SCHOOL

EMBRACE ALL REGULATORY STANDARDS OF QUALIFICATIONS HIGHER LEVELS OF TECHNICAL INSURANCE SUBJECT MATTER STUDIES CPD PROGRAMME A VERY POSITIVE DEVELOPMENT AND WILL BRING OUR INDUSTRY IN LINE WITH MANY OTHER PROFESSIONS BOTH IN SOUTH AFRICA AND INTERNATIONALLY AGEING SKILLED PARTICIPANTS RETIRE AND OPPORTUNITIES ABOUND

“THE HYDE PARK ACCORD” AS A FURTHER COMBINED EFFORT TO SUPPORT IMPROVING LEVELS OF PROFESSIONALISM IN THE SHORT TERM MARKET WE WILL BE LAUNCHING OUR SOUTH AFRICANISED VERSION OF THE CHARTERED INSURANCE INSTITUTE OF LONDON’S “ALDERMANBURY DECLARATION” TO BE CALLED “THE HYDE PARK ACCORD”

THE OBJECTIVES OF THIS ACCORD GAIN INDUSTRY SUPPORT A COMMITMENT TO A FRAME WORK OF PROFESSIONAL STANDARDS UNDERPINNED BY CREDIBLE ROBUST MEASUREMENTS

INCLUDING BROKERS,INSURERS, REINSURERS AND LOSS ADJUSTORS TO PRODUCE MEASURABLE BENEFITS FOR THE INDUSTRY AND WIDER SOCIETY MR PIPKIN “A DIPLOMA WHICH SHALL BE AS CERTAIN AND ACCEPTED AS PROOF OF EFFICIENCY AND KNOWLEDGE IN INSURANCE BUSINESS AS ARE THE DIPLOMAS OF THE LEARNED SOCIETIES AND INSTITUTIONS CONNECTED WITH OTHER BRANCHES OF COMMERCE” (1906)

1911 CII PRESIDENT FREDERICK RUTTER “WHAT WE WISH TO SEE IS THAT EVERY YOUTH AND EVERY MAN OR WOMAN IN THE EMPLOY OF OUR COMPAINES WHO HAS THE DETERMINATION TO JUSTIFY HIS CHOICE OF THE PROFESSION IN WHICH THEY ARE ENGAGED SHOULD IN THE FIRST PLACE BECOME A QUALIFIED EXPERT”

THE “HYDE PARK ACCORD” A COMMITMENT TO EXCELLENCE TRAINING AND DEVELOPMENT PROFESSIONALISM OF INSURERS AND REINSURERS PROFESSIONALISM OF BROKERS PROFESSIONALISM OF LOSS ADJUSTORS

AN OVER ARCHING DOCUMENT IS IN THE COURSE OF DESIGN WHICH WILL BE DISTRIBUTED TO ALL POTENTIAL INDUSTRY PARTICIPANTS THE CODES OF CONDUCT

INDUSTRY BUY IN AND SUPPORT AS WE DRIVE THE LEVELS OF PROFESSIONALISM TO HIGHER STANDARDS NATIONAL TREASURY AND THE FSB MEASURABLE MILESTONES WILL BE SET AND ACHIEVED ALONG THE WAY “HYDE PARK ACCORD”

THANK YOU FOR YOUR INTEREST AND FUTURE SUPPORT FOR THE HYDE PARK ACCORD AND OUR HUMAN CAPITAL DEVELOPMENT PLANS