Santam Bursary Programme
In an effort to create a conduit for critical and future fit skills in the financial services sector with the focus in the Short Term Insurance Industry, Santam Limited, South Africa’s largest general insurer, established the Santam Bursary Programme as part of its Skills Development Academy.
The Santam Bursary Programme intend to produce a steady stream of skilled, capable and high calibre graduate learners with core technical skills, and behavioural and leadership competencies. This in return makes bursary opportunities available to young talented individuals studying in areas such as actuarial science, agriculture, underwriting, hydraulics and insurance assessment. The initiative was established to ensure Santam builds a talent stream and South Africa has the required skills to grow our economy.
Will you be a second, third or final year undergraduate, or an Honours student next year? Are you keen on pursuing a career in the short-term insurance industry?
Santam and StudyTrust are pleased to invite you to apply for a bursary if your studies are focused on one of the study programmes listed below.
WHO CAN APPLY
Students pursuing a Postgraduate Diploma, Bachelor’s degree, Honours degree in:
- Actuarial, Data Analytics, Data Sciences, Statistics
- Civil, Geomatics Engineering
- Insurance Technical Accounting, Economics, Finance, Mathematics
- Reinsurance, Risk Management, Underwriting
The bursary will cover costs (capped) for the following:
- Registration/Tuition fee
- Accommodation (Deposit, admin fees, etc.)
- Learning material (Books, e-Manuals, etc.)
- Monthly allowance
- Travel/Transport allowance
The main criteria used in the selection of successful applicants are academic potential and motivation for a career with Santam.
Applicants must have achieved an average of 65% and above for their undergraduate degree and in the latest examinations (mid-year/June).
Specific criteria applies to Agricultural applicants. See below for more details before considering your application.
HOW TO APPLY
Applications must be completed online before 30 September 2023 to be considered for a bursary for 2024.
Only applications with South African citizenship will be considered.
1 May to 30 September
Please carefully read the instructions on our bursary applications page before starting your application.
At Santam we understand that effective risk management is crucial and it is in this aspect where Santam Agriculture aims to make a real difference in helping farmers create a sustainable future.
The Santam Agriculture experts have comprehensive knowledge of, and experience in the agricultural industry in underwriting and loss assessments of crops to help clients manage their risks pro-actively. They understand the fundamentals of farming and how the sun, ground and water play an integral part in the responsible development of the country and the Santam business.
CLOSING THE SCARCE SKILLS GAP
Santam has been focused on creating a pipeline of students that will support Santam’s Agri efforts through specialist knowledge transfer. We want to close the scarce skills gap in Agriculture Crop insurance by growing talented students organically through vacation work and practical exposure in underwriting, sales and relationship management.
IF YOU ARE AN AGRICULTURE BURSAR AND/OR GRADUATE YOU CAN EXPECT:
a career journey, with a rolling forward approach (the intent is for graduates to be permanently retained as trainee area managers);
- to automatically participate in the graduate programme;
- to participate in vacation work;
- to be allocated a mentor;
- to be invited to relevant business engagements/conferences, as required.
QUALIFICATIONS AND EXPERIENCE
- 2- or 3-year Agricultural studies with focus on crop production
- Agricultural degree/diploma with plant production and/or
soil science as preferred subjects
- Microsoft Excel skills
- Good communication (verbal and written)
- Negotiation skills
- Good interpersonal skills
- Flexible, team-worker, collaborative
- Self-starter, drives results
- Customer focus
- For support services; business requirement dependent
Preference will be given to Employment Equity candidates.
Santam is an authorised financial services provider (FSP 3416), a licensed non-life insurer and controlling company for its group companies.
- Excellent communication skills (verbal and written)
- Good people skills
- Multilingual (geography dependent)
- Learning agility
- Critical thinking
Registered Educational Trust
PBO Tax Exempt
NPO Sustainability Rating
Level One (>91%)
48 Years experience
R1 billion+ in bursaries to students
25 000+ Bursaries & scholarships awarded
UNHCR Implementing Partner
StudyTrust is an educational trust and public benefit organisation, that connects learners with potential to their study opportunities.
We administer bursaries and scholarships, provide mentoring and support to help tertiary students thrive academically and personally.