ICNZ ANZIIF scholarship program now open for submissions

The Insurance Council of New Zealand – Te Kāhui Inihua o Aotearoa (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) have announced the opening of the ICNZ Scholarship, with submissions now being accepted.

The ICNZ and ANZIIF Scholarship is an annual program designed to acknowledge exceptional insurance professionals who display the potential to become future industry leaders.

The recipient of this scholarship, provided by ICNZ, will receive NZ$10,000 to participate in an international conference or seminar program. This opportunity offers valuable development prospects within the insurance sector and fosters leadership skills.

Tim Grafton, chief executive of ICNZ, emphasized the commitment of ICNZ and ANZIIF to investing in individuals and nurturing the next generation of industry leaders.

“This scholarship has opened many doors of opportunity for previous winners, significantly contributing to their professional development, leadership skills and industry networks. I encourage all eligible individuals to apply,” ANZIIF CEO Prue Willsford said.

Entrants looking to try out for the scholarship are required to submit a 2,500-word essay addressing the following topic:

• The capability of generative Artificial Intelligence (AI) applications like ChatGPT to create text, auditory and visual content given prompts and existing data suggests potential applications to many sectors including for general insurance and its value chain. Discuss the benefits and risks for insurers of using this technology to recommend whether to adopt it, and, if so, how, or if not, why not?

The application deadline is Nov. 6. Further details can be found on the scholarship webpage.

Elsewhere in the space, ANZIIF also announced the return of its Making a Difference Awards for 2023.

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