ESSAY COMPETITION
| Items | Description |
|---|---|
| Objectives | 1. Students’ capacity building 2. Students outdoor learning |
| Target Learning Institutions | 1. IFM, Dar es Salaam University, Zanzibar State University 2. Students studying insurance, risk management, social security, Actuarial Science 3. Second year students |
| Stakeholders | 1. IIT, IFM, Dar es Salaam University 2. Sponsors |
| Prizes for Winners | 1. Scholarships x 3 winners 2. Tuition & Accommodation Fees. Approximate Cost in TZS (1,500,000.00 + 450,000.00) 3. Internships x 5 winners 4. Certificates 5. Winners attend IIT Zanzibar Conference (Free Conference Entry) |
| Questions | Student may choose any one of the below four questions: 1) What are the pros and cons of parametric insurance products in Africa? 2) Fraudulent claims in the insurance industry – discuss how it affects the industry and possible remedies. 3) Examine the potential transformations that may occur in the insurance value chain over the next two to three years as a result of emerging technologies. 4) How does regional integration affect the insurance industry? |
| Submission | 1. Number of words – 2,000 with Font size 11 2. Submit on email ceo@iit.co.tz before 31st August 2023 with a subject "Submitting essay for Insurance Day 2023" 3. Essay should have Your Name, Email, Mobile Number, College Name mentioned for ease of Contact |
| Marking period | Between 1 to 8th September 2023 |
| Result Announcement Date on Radio | 9th September 2023 |
| Essay evaluative criteria | 1. Creativity 2. Originality 3. Understanding the problem 4. Problem solving |
| Eligibility | 1. Competition open only to IFM , DSM and Zanzibar State University students in second year studies in Insurance & Risk Management or Actuarial Science and Social Protection 2. Part time students already working are excluded |