Floods and fires in informal settlements… let’s find solutions
As The Insurance Apprentice 2024 reaches its midpoint, the competition intensifies with each passing week, presenting contestants with increasingly demanding challenges and heightened scrutiny from the judges.
Government reports, based on assessment and records suggest the number of informal settlements are said to be in the region of 3 200. Based on existing knowledge, about 1.3 million households, almost five million people live in informal settlements in and around the major metropolitan cities.
Two of the greatest risks these communities face are the outbreak of floods and the rapid spread of fires, leaving them devastated with little immediate state assistance. Sasria has long stood as a beacon of hope in addressing market gaps and reducing the burden of contingencies on the government.
With this, the contestants are challenged to innovate solutions for this pressing problem in episode four, sponsored by Sasria SOC Ltd. The aim is to create a social safety net product for Sasria that will be 100% subsidised by the State as the last insurer of resort for the most vulnerable members of society.
The contestants are tasked with thinking critically and innovatively about this pressing issue, with a focus on the feasibility, safety, durability, and cost-effectiveness of their proposed solutions. Under the watchful eyes of Head Judge Simon Colman, Co-Judge Nox Dlamini, and sponsor Judge Muzi Dladla, Executive Manager: Stakeholder Management at Sasria SOC Ltd, the contestants strive to impress with their creativity and ingenuity.
