The African Reinsurance Corporation (Africa Re) welcomes applications from suitable / qualified candidates for the 5th Cohort of the e-learning Young Insurance Professionals Programme between November 30, 2022 to January 15, 2023. 

The YIPP is a FREE online training programme, which targets insurance/reinsurance professionals under the age of 35, working with insurance or reinsurance companies, brokerage firms, supervisory authorities or related organizations.

The programme comprises of fourteen (14) courses, which are carefully selected and well designed. These courses will build a solid foundation in insurance and reinsurance for participants, a key component for career development in the industry.

The YIPP is another milestone in the Corporate Social Responsibility initiative of Africa Re, in line with its mission of fostering the development of the insurance and reinsurance industry in Africa.

About African Reinsurance Corporation (Africa Re)

The African Reinsurance Corporation (Africa Re) is the leading pan – African Reinsurance Company and the largest re-insurer in Africa and the Middle East in terms of net reinsurance written premiums. Africa Re was established on 24th February 1976 by 36 member States of the then Organization of African Unity (OAU) and the African Development Bank (AfDB) with the mission of fostering the development of the insurance and reinsurance industry in Africa, promoting the growth of the national, regional and sub-regional underwriting and retention capacities and supporting African economic

Aim and Benefits of Young Insurance Professionals Program

Every year, successful candidates for the Young Professionals Programme will undergo a one-year training programme with a “stretch/learning assignment” built in, where they will gain valuable on-the-job experience. They will undergo an intensive 9 months’ on-line training on a specially designed package focusing on Reinsurance, Leadership and Management subjects. The training programme will be run in English and French.

Successful candidates will then be gathered for one week in Lagos or in another city where Africa Re has an office to conclude the training and for the graduation ceremony. During the one week face- to- face training, participants will be divided into teams.  Each team will be requested to present a paper of not more than 5 pages on how they expect to influence their respective organizations in the areas of training, knowledge and skills acquisition if they assume positions of authority.

At the end of the nine (9) month FREE online training, the best ten (10) participants will enjoy the following benefits:

• E-Certificate of Completion issued by Africa Re Group Managing Director/CEO;
• Invitation to a Capstone On-Campus or online where they will be introduced to cutting-edge managerial and leadership skills;
• Sponsorship to attend one of the major insurance / reinsurance events in Africa (AIO, FANAF, OESAI, GAIF, FAIR, etc.).

The programme is expected to positively impact participants to:

• Understand the reinsurance industry and their future missions with regard to strong leadership, governance and accountability;
• Develop a constructive approach to competition in the African reinsurance markets by reducing some poor practices and approaches;
• Improve professionalism;
• Develop/improve internal operations processes (client servicing, claims handling, etc.);
• Contribute to market research and segmentation for low income clients, and develop products for the masses in order to increase insurance penetration;
• Contribute to the construction of reliable database of re/insurance market statistics.

Requirements for Young Insurance Professionals Program Qualification

• Citizen of a member state of Africa Re;
• Maximum 35 years of age;
• Bachelor’s Degree or its equivalent;
• Relevant work experience in an insurance or reinsurance company, insurance broking firm or other related field;
• Access to the internet;
• Excellent written and oral communication skills in English and/or French.

Interview date, Process and Venue for Young Insurance Professionals Program

• Upload supporting documents
  • Curriculum Vitae
  • Cover Letter
  • Reference Form
  • Passport Photo

Application Deadline

January 15, 2023

How to Apply

Interested and qualified? Go to African Reinsurance Corporation (Africa Re) on www.africa-re.com to apply

Click on “Register” and follow the instructions.

Enquiries about the application process, should be emailed to: applications@younginsurancepro.com; or yippenquiries@africa-re.com.

For more details, visit Africa Re website

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