logging in or signing up hola Marco1 Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 42 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 10, 2008 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Women in Insurance (WIN) MDP Business Impact Project: Women in Insurance (WIN) MDP Business Impact ProjectSlide2: Group Members Sovashni Hefele - Sanlam Jane MacIntosh - African Life Swazi Mpungose - Old Mutual EB Corinne deVilliers Swiss Re Rosebud Mgada Momentum Collective Benefits Problem Statement: Problem Statement South Africa has a fairly sophisticated financial services industry selling to a largely unsophisticated market – consumers need to be educated with regards to financial matters – they need to be financially literate. This education should start at the school level. Is the market unsophisticated?: Is the market unsophisticated? Perceptions and misperceptions of LSM 5-8 market (R2 500 – R5 000) What does sophistication mean? What is this market’s perception of our ‘sophisticated products’? The realities of what is happening in this market: The realities of what is happening in this market Innovative Stokvels Grocery Clubs Burial Societies Some ‘misuse’ & misconceptions Differing levels of knowledge & understanding. Challenges facing the Industry : Challenges facing the Industry Access to financial products Cost of products Mistrust Slide7: Existing alternatives Product Education Literacy Challenges facing the Industry Research conducted: : Research conducted: Current S.A. Initiatives International Financial Literacy Initiatives Australian landscape United States perspective Other Industries Goldfields – HIV / AIDs Education Vodacom – Cellular technology SA interventions - lessons learned: SA interventions - lessons learned Government intervention Consolidated effort Interventions through product and brand marketing are short-lived SA interventions - lessons learned: Literacy begins with the youth Competency based approach Is the market unsophisticated? SA interventions - lessons learned Strategic Objectives: Strategic Objectives Industry Consolidation Consumer education Financial education for children Professional financial advice Objective 1:: Objective 1: Project Management Team South African Competency Model Gaps identified and communicated 0.2% after tax profits: 0.1% = centrally managed fund 0.1% = own initiatives aligned with S.A. Competency Model Industry consolidationObjective 2:: Educational campaigns Incorporate into television programmes Media interventions Visible and ongoing national financial literacy campaigns Trained community leaders to provide free training to community members Objective 2: Consumer education Objective 3:: Included in television programmes for pre-school ages Financial literacy incorporated into the school curriculum (Std Bank Foundation) Exhibitions / presentations on Insurance & financial wellbeing at school career days Objective 3: Financial education for childrenObjective 4:: Professional Financial Advice Objective 4: FAIS compliance Assessed on the job Time frame : Campa i gns Tra i n i n g Time frame 2004 2005 2006 2007 2008 2009 1. Industry Consolidation 2. Consumer Education 3. Fin educ for children 4. Prof Financial Advice Project Team SA Model Communicate Availability of material. T.v. Presentations Team Learnings : Team Learnings Professional and personal learningsSlide18: Questions? You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
hola Marco1 Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 42 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 10, 2008 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Women in Insurance (WIN) MDP Business Impact Project: Women in Insurance (WIN) MDP Business Impact ProjectSlide2: Group Members Sovashni Hefele - Sanlam Jane MacIntosh - African Life Swazi Mpungose - Old Mutual EB Corinne deVilliers Swiss Re Rosebud Mgada Momentum Collective Benefits Problem Statement: Problem Statement South Africa has a fairly sophisticated financial services industry selling to a largely unsophisticated market – consumers need to be educated with regards to financial matters – they need to be financially literate. This education should start at the school level. Is the market unsophisticated?: Is the market unsophisticated? Perceptions and misperceptions of LSM 5-8 market (R2 500 – R5 000) What does sophistication mean? What is this market’s perception of our ‘sophisticated products’? The realities of what is happening in this market: The realities of what is happening in this market Innovative Stokvels Grocery Clubs Burial Societies Some ‘misuse’ & misconceptions Differing levels of knowledge & understanding. Challenges facing the Industry : Challenges facing the Industry Access to financial products Cost of products Mistrust Slide7: Existing alternatives Product Education Literacy Challenges facing the Industry Research conducted: : Research conducted: Current S.A. Initiatives International Financial Literacy Initiatives Australian landscape United States perspective Other Industries Goldfields – HIV / AIDs Education Vodacom – Cellular technology SA interventions - lessons learned: SA interventions - lessons learned Government intervention Consolidated effort Interventions through product and brand marketing are short-lived SA interventions - lessons learned: Literacy begins with the youth Competency based approach Is the market unsophisticated? SA interventions - lessons learned Strategic Objectives: Strategic Objectives Industry Consolidation Consumer education Financial education for children Professional financial advice Objective 1:: Objective 1: Project Management Team South African Competency Model Gaps identified and communicated 0.2% after tax profits: 0.1% = centrally managed fund 0.1% = own initiatives aligned with S.A. Competency Model Industry consolidationObjective 2:: Educational campaigns Incorporate into television programmes Media interventions Visible and ongoing national financial literacy campaigns Trained community leaders to provide free training to community members Objective 2: Consumer education Objective 3:: Included in television programmes for pre-school ages Financial literacy incorporated into the school curriculum (Std Bank Foundation) Exhibitions / presentations on Insurance & financial wellbeing at school career days Objective 3: Financial education for childrenObjective 4:: Professional Financial Advice Objective 4: FAIS compliance Assessed on the job Time frame : Campa i gns Tra i n i n g Time frame 2004 2005 2006 2007 2008 2009 1. Industry Consolidation 2. Consumer Education 3. Fin educ for children 4. Prof Financial Advice Project Team SA Model Communicate Availability of material. T.v. Presentations Team Learnings : Team Learnings Professional and personal learningsSlide18: Questions?