Inclusive Insurance Innovation Lab Intern

Duration: 6 months, with possibility of extension based on performance and funding.

Location: Suva, Fiji with likelihood of travel to other Pacific countries where PFIP operates as and when required

Unit: Pacific Financial Inclusion Programme (PFIP)

Reporting Line: FIS (Fiji), Regional Inclusive Insurance Specialist – PFIP

 

PFIP

The Pacific Financial Inclusion Program (PFIP) is a Pacific-wide programme helping low-income households gain access to quality and affordable financial services and financial education. PFIP’s target is to increase the number of Pacific islanders who have on-going access to appropriate financial services and financial education by one million by 2019. To achieve this target PFIP focuses on three main programmatic areas:

  • Financial Innovation
  • Policy and Regulation
  • Consumer Empowerment


Background

Insurance sector innovation plays a vital role in deepening insurance penetration and building levels of resiliency. Insurers in South Pacific countries provide a range of conventional insurance products that cater for businesses, individuals, non-government organisations and government sectors.  However, some products are limited or are lacking.

PFIP will be setting up an Inclusive Insurance Innovation Lab to help research, design and prototype insurance products, services and schemes that can help get more people insured, especially the low-income and vulnerable sections.  Segments of the population that will be researched will include owners of small businesses, farmers, teachers, students, villagers etc. Type of insurance covers that will be investigated for analyzing market potential will include funeral expenses, natural events like cyclones, business, microinsurance, crop and livestock.

 

Role of the Intern

The Intern will support the PFIP team in planning research studies and in dealing with logistical arrangements and data collection exercise. The work will include:

  1. Liaising with stakeholders, brief and arrange visits and focus groups etc. The list of stakeholders to meet & interview will be guided by the Regional Inclusive Insurance Specialist & the respective country technical specialists.
  2. Carrying out field work to collect information, data and opinions;
  3. Interviewing people and entering responses into pc tablets;
  4. Preparing reports presentations and spreadsheets and assist in delivery of briefing sessions;
  5. Maintaining documents related to the field studies; and
  6. Any other work related to the Inclusive Insurance Innovation Lab as directed by PFIP Management.

 

Timeframe

The period of engagement shall be for six months from August 2017. There is a possibility that a follow-on contract of six months may follow based on performance of the applicant and a need based assessment of the position

 

Intern Attributes and Qualifications

The person shall have the following attributes, experience and knowledge:

  • Education shall be at graduate level as a minimum; preferably in Mathematics, Statistics, Accounting /Finance, Economics/Commerce or a related discipline.
  • Postgraduate/ Master’s qualification or candidate currently enrolled in a Postgraduate or Master’s program is desirable.
  • Computer literacy and knowledge of Microsoft office products is required.
  • Must be fluent in the English.
  • Sound numerical skills and knowledge of data analysis and evaluation is needed.
  • Have good organisational, time management skills, self confidence with good interpersonal skills.
  • Be able to work in a flexible manner and multi-task
  • Knowledge of the financial services / insurance sector would be an asset.
  • Minimum work experience of six months in a relevant organisation doing similar work would be an asset.
  • Be prepared to travel to Tonga, Vanuatu, Samoa, the Solomon Islands or Papua New Guinea for short periods, with UN support as per approved travel policy

Interested candidates can send their CVs with a covering letter to Praneel Pritesh, Financial Inclusion Specialist (Fiji), via e-mail on praneel.pritesh@undp.org or drop their applications at the PFIP Office located at Level 7, Kadavu House, Victoria Parade, Suva.

For enquiries, please contact Praneel Pritesh via e-mail – praneel.pritesh@undp.org or call on 3227507/ 9251761.