12 August 2013
The 5th Prudential Cup was held successfully in Kunming on 27th July 2013, where Chinese students from four provinces,Yunnan, Sichuan, Ningbo and Jiangsu, presented performances to demonstrate their understanding of the importance of insurance.
The first session was a quick round of Questions and Answers where the teams had to answer questions from the insurance programme curriculum as well as general questions on safety and risks. This was then followed by role plays, where each team put on a short 15-minute play around the concepts of insurance that they had learnt. The quality of the plays was excellent, with Yunnan putting on a wonderful play which took home the winning prize.
The judging panel comprised of representatives from Prudential Corporation Asia and the Prudence Foundation, the China Insurance Regulatory Commission (CIRC), the Ministry of Education (MOE), the Chinese Academy of Social Sciences (CASS), the Insurance Regulatory Bureau of Yunnan and the Yunnan Insurance Association. Prizes and certificates were presented to the participating teams followed by speeches from our partners. The speeches were very heartfelt acknowledging the fifth year of this very successful programme which has been so well-received by all involved.
The PruCup is the annual highlight of the China Insurance Education Programme that was launched in 2007 as part of our financial literacy initiatives. The programme is run in partnership with the education authorities aiming to provide junior to high-school students with the basic concepts of financial management and insurance education. To date, more than 41,000 students from 38 schools across the country have benefitted from this programme.
Prudence Foundation Trustees, Geok Cheng Goh and Jolene Chen attended the event on behalf of the Board. Geok Cheng, who is also CFO of Prudential Singapore said: "The programme was very well organised, the participants were all so energetic, the display of their knowledge and application of insurance certainly exceeded my expectations. I was particularly impressed by their level of confidence and their knowledge of insurance and risk management. The session was very fulfilling for me."