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The Journey Re Reinsurance Reinvented Competition Is Calling You

Reinsurance sector seeks disruptors for global collaborative competition.

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Entrepreneurship is not an occupation. It’s a way of thinking. A mind-set that spurs change and fuels opportunity.

aims to unearth the global talent and solutions that will define reinsurance going forward. It starts in March 2016. It is open to anyone who believes they have the talent to create disruptive innovation for the sector. It specifically addresses young professionals, new graduates and students.

The brainchild of international reinsurer Hannover Re, the competition will take place across four destinations worldwide i.e. Johannesburg, Boston, Dublin and Berlin. These cities are seen as hubs for raw talent and innovative thinking in the sector.

Young professionals will be selected to participate in the competition from around the world. They will work in teams of three people and be based at one of the above cities. During a six-month period, starting in July 2016, their goal will be to develop cutting edge innovation for the reinsurance space. The winning team will receive 50,000 € in prize money and the runner-up team will receive 20,000 €.

Related: Attention Black Entrepreneurs: Start-Up Funding From Government Grants & Funds

Participants will also receive attractive benefits for the six-months in which the project runs and a dedicated working space in the allocated city. Candidates selected will spend a week in Hannover (Germany) from 4 – 8 July 2016, as an introduction to the competition and the sector.

Achim Klennert, CEO of Hannover Re, says: “As far as we know, this is the first initiative to create a hub for re-insurance innovation on a global scale. It is an impressive opportunity to shape an entire industry. Disruptive innovation is fast changing how a very traditional sector has worked.”

Outlining some disruptive trends defining the sector, Klennert states: “We are seeing many new, emerging risk types for which products need to be developed. This, for example, includes risk exposure from cyber, including cybercrime and cyber catastrophe; rapidly spreading viral pandemics, but also the ever growing impact of natural catastrophes in regions where traditional reinsurance capacity is limited or other regions where exposures are not insured or underinsured.

But the most far-reaching changes have come from new enabling data-gathering mechanisms, stronger analytics capabilities and other technological breakthroughs. The recent World Insurance Report 2015, published by global consulting firm Capgemini states:

“78% of interviewed executives cited big data analytics as the disruptive force that will have the biggest impact on the insurance industry. The industry faces a flood of market disruptors that have the potential to challenge and undermine businesses unless insurers are prepared for them.”

This is in addition to challenges the industry is already working on such as effective ways to merge traditional and digital channels to offer clients a seamless, all channel integrated product. It is the same challenge that the rest of the financial services industry must meet.

A sector on the cusp of such big change heralds exciting prospects. International exposure plus global collaboration makes this an unmissable opportunity. The ideal candidate for the competition must have a strong understanding of business and finance; must be the kind of person that thinks outside-the-box and, of course, must be interested in reshaping the re/insurance industry. Anyone interested in the competition can find out more at the Journey Re introductory event, being held in Jo’burg on 31 March 2016 or online at www.journey-re.com.

Johannesburg Entrepreneurs:

Journey Re_Joburg_Flyer

Related: New Ways SMEs Can Find Funding

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LaunchLab Fellows – Great Opportunities For Aspirational Young African Students

The Stellenbosch University LaunchLab officially kicked off their Fellowship Programme on Monday, 5 February.

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The Stellenbosch University LaunchLab officially kicked off their Fellowship Programme on Monday, 5 February with 12 students filled with aspirations of elevating their own lives through gaining valuable connections with LaunchLab start-ups.

Through this platform the LaunchLab hopes to inspire, guide and unleash the critical mass of problem solvers, at Stellenbosch University, guiding them along the path to discover their purpose in entrepreneurship and make an impact.

Related: 10 Young Entrepreneurs Under 30 Share Their Start-Up Secrets

The core focus of this programme:

The core focus of this fellowship programme is to invest more in building a tribe that feels included in what we do. The key tag line within this initiative is ecosystem development, focusing on the following aspects:

To Foster Collaboration

Young people need support networks that can help them communicate, draw inspiration and gather resources to take action. These networks include not just their peers who share the same interest, but mentors and others who support their cause. To facilitate the emergence of a global community and network of young people that are committed to changing the world.

Knowledge Generation and Sharing

As young people gain experience and move on to other things in life they often take their valuable experience with them, leaving others to relearn the lessons of the past. To ensure continuity of learning, it is important to have mechanisms for capturing the lessons from the past as knowledged resources as well as to share that knowledge as widely as possible. With the help of our willing residents we can use the fellowship programme as a vehicle for knowledge sharing and importation within the ecosystem. The fellowship programme can act as a knowledge sharing pipeline.

Feeder for Incubation

If this programme is fully endorsed and supported we would have finally answered the questions around having a feeder program for our incubation program. The fellowship programme would be structured to function as a feeder program for our mainstream incubation program. The aim would be to Identify talents that can participate in our ideas programme and make their way up within our incubation programme. 

Opportunities identified for LaunchLab Fellows

The following key activities will be covered in the fellowship program.

  • Product development/makerspace activities
  • Monthly meetups and breakthrough innovation impact stories
  • Assist at LaunchLab events
  • Participation in global startup events and challenges
  • Work with LaunchLab startups
  • Become contenders for our Corporate Innovation Challenges
  • Free training and skills acquisition programmes.

Related: 9 Top Tips For Young Entrepreneurs

What will LaunchLab Fellows have access to?

  • Commercialisation of product or technology
  • Interaction with SU technologies
  • Work in teams with the aim of commercialising world class technology and driving it to become a successful business
  • Introduce innovative flagship products that are relevant to the need of existing or new corporate clients
  • Access to LaunchLab development partners on products on which they are currently working
  • Develop your own new and interesting solutions, and showcase them to relevant members of our community
  • Participation in LaunchLab programmes
  • Participation in LaunchLab talks
  • Assist at LaunchLab events
  • Provide adhoc support as interns or volunteers for startups, thereby gaining valuable experience.

Who are the LaunchLab Fellows?

The LaunchLab Fellowship Programme is open to the following category of people:

  • Stellenbosch University students
  • Problem solvers
  • Researchers and engineering students
  • Students from other universities where we are networked who are able to be in Stellenbosch
  • International students from global knowledge regions.

Visit our website for www.launchlab.co.za or email Pius@launchlab.co.za directly to find out more about this programme. Please note that all entries for 2018 have closed.

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Bitcoin Family Of Coins – Who Will Win?

Off the back of 6 sold out live events, and after successfully hosting the biggest #Cryptocurrency event ever held in South Africa, the Matt Brown Show is holding a one-time exclusive learning and networking event in Johannesburg on Wednesday, 7 March (6pm – 8pm) we’ll be launching a deep dive series into alternative cryptocurrencies.

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The interest around cryptocurrencies, with Bitcoin being the most famous, has continued to capture headlines worldwide whilst regulators around the world are still struggling to formulate a plan to deal with it.

The Matt Brown Show #cryptokungfu is kicking off its first edition of a deep dive series will be looking at the bitcoin family of coins, what makes the coins different, their utility and the opportunities for traders and investors.

The Matt Brown Show has built a listenership and captive audience in over 100 countries around the world. #CryptoJHB was the first podcast event to trend in the #1 hashtag position on Twitter in the history of South African media.

Related: 11 Things You Need To Know About Bitcoin

The Matt Brown Show Johannesburg event taking place on Wednesday, 7 March 2018 from 18:00pm to 20:00pm, now being hosted at the Mesh Club in Rosebank will tap into THREE of the world’s leading experts for this first edition of a deep dive series focused masterclass.

The Masterclass will feature Tone Vays (via video conference) and Adam Meister from the United States, both regarded as world’s leading Bitcoin experts. Lorien Gamaroff, founder/CEO of Bankymoon, blockchain and cryptocurrency consultant will provide the local market perspective as a South African.

The masterclass has been engineered to provide a more focussed and intimate discussion on the landscape, which is one of the reasons the event was moved to the mesh club. To provide a more exclusive and engaging atmosphere for the attendees.

Matt Brown says, “these 3 experts have the uncanny ability to read the cryptocurrency market and are considered part of the top 100 most influential people in blockchain/cryptocurrency space in the world”.

“So we need to look beyond the recent surge in bitcoin investors across Africa, businesses have also started to embrace the cryptocurrency. It no longer a fad but a reality of the world we live in today” says Brown.

South Africa continues to lead the way, with businesses now starting to accept bitcoin payments.

Gamaroff says, “The global financial system is crumbling. People are seeking alternatives to fiat money. Cryptocurrencies will be their hedges against the cataclysm that is coming.”

Related: Embracing Technology For Business

“The reality is that Bitcoin is here to stay and, with many seeing a good return on their investment in cryptocurrencies, they now want to use this digital cash to invest in their future” says Brown

“Today, South Africans are using the ease of online trading to make money that they can then reinvest in a future beyond the world of forex. Which is why we continue to see the demand for events like this, being attended by a mixture of cryptocurrency enthusiasts and/or people simply interested in learning more about this space.” Concludes Brown.

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The Workspace And MiWay Announce Entrepreneur Competition

To celebrate their collaboration at Village Road, The Workspace and MiWay are launching a competition for South Africa’s entrepreneurs that will see the winner/s given a major advantage to further grow their business.

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Space solutions and coworking specialist, The Workspace, and insurance company, MiWay, recently joined forces at The Workspace’s premises in Village Road, Selby where they have launched an entrepreneurial hub and business development programme in the Johannesburg CBD.

The competition is open to entrepreneurs based in South Africa who have valid identification documents, who run a business with four or less employees and are making an impact in their industry.

“We have always believed in assisting entrepreneurs and small business owners who are members of The Workspace community in whatever way we can. This entrepreneur competition takes it to the next level, giving a voice to our belief in entrepreneurship and its ability to create jobs,” says Mari Schourie, CEO of The Workspace.

Related: 6 Resources For Start-ups Looking For Funding

Morné Stoltz, head of Business Insurance at MiWay, says both companies are committed to upliftment initiatives and economic development. “The entrepreneur competition is a call to action to those vibrant entrepreneurs out there. Start-ups always need a bit of a hand-up and the winner of this one will have a serious advantage once the competition has gone through its paces,” he said.

Schourie and Stoltz agree they’re looking for an entrepreneur who has reinvented the way business is done in his/her industry. “Someone who has been innovative in the product or service being offered to the market,” says Schourie.

“We are looking for an entrepreneur who has or is busy creating a special environment where employees can flourish, and in the process, potentially creating more jobs,” Stoltz adds. “An entrepreneur who makes an impression on the judges due to aspects such as the business’ social impact, attitude, positive entrepreneurial outlook and a good business mind”.

Related: 4 Tips To Secure Funding For Your Start-up

The prize on offer – worth over R230 000 – will help set-up the winning entrepreneur for a period of 12 months, giving them a boost to help build their business.

All information on the Entrepreneur Competition is available on The Workspace website, including criteria, terms and conditions, and of course, the prizes.

For queries, please email events@theworkspace.co.za

Download the competition criteria here.

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