ALL CITIES: 16 JULY 2012
Higher Certificate in Short-term Insurance

The primary purpose of the Higher Certificate in Short-Term Insurance is to equip students with the knowledge and skills required by short-term insurance specialists operating within the South African insurance environment. Students will be competent and able to provide short-term insurance advice across the fields of personal and commercial insurance.

The programme is suitable for:

  • persons who have already achieved an NQF Level 4 qualification in Short-term Insurance and who want to further their studies in short-term insurance. 
  • persons working in the financial services industry wishing to enhance, develop or formalise their skills and knowledge with a qualification in this area. 
  • persons wanting to enter the short-term insurance industry. 
  • persons requiring a full qualification for FAIS purposes. 

The Higher Certificate in Short-Term Insurance appears on the Financial Services Board’s (FSB) list of recognised qualifications for FAIS Fit and Proper purposes. In terms of this rating, the qualification is considered to be a relevant qualification in respect of the product categories indicated as a generic (G) below, while rated as specific (S) or (SP) in Category I in the sub-categories listed below. This means that:
  • persons who were appointed in a FAIS role prior to 1/1/2010 and who have completed this qualification may receive exemptions for the second level Regulatory Examinations for the categories where it has been awarded (S) and (SP). 
  • persons who were appointed in a FAIS role after 1/1/2010 and who have completed this qualification may receive exemption for second level Regulatory Examination for the categories where it has been awarded (SP). 
Programme outcomes
  • Apply knowledge of legislation, compliance and ethics in a short-term insurance context in South Africa. 
  • Examine the nature of the short-term insurance environment in South Africa in terms of structure, role-players, regulation and consumer needs. 
  • Apply knowledge of legislation, risk management principles, reinsurance practices and underwriting principles to propose a short-term insurance solution to a client. 
  • Apply the principles of a client relationship management in a compliant manner in the context of short-term insurance
ASSESSMENT

Formative assessment contributes 30% to the final mark and consists of a combination of assignments and tests. The exact formative structure per module will be communicated to you at the start of the semester.

Students will write a final, summative assessment per module at the end of each semester, which contributes 70% towards the final mark. Students need to obtain a sub-minimum mark of 40% in the final, summative assessment and an overall mark of 50% in order to pass the module.

DURATION

Distance-learning students have a minimum of one year and a maximum of five years to complete this qualification.

CERTIFICATION

On successful completion of the qualification, the student will receive a Higher Certificate, NQF Level 5 (credits: 120). The Higher Certificate in Short-Term Insurance is accredited by the Higher Education Quality Committee of the Council for Higher Education (CHE).

For further information, visit: Milpark Education
Course Details


Apply By:
09 July 2012
Start Date:
16 July 2012
Schedule:
Distance learning.
Venue:
Location:
ALL CITIES, ALL COUNTRIES
Calendar:
Costs:
New registration (per module): R 2,000
Apply:
Contact the individual below.
Enquiries:
Contact: General Enquiries
Tel: +27 11 718 4000
Fax: +27 11 718 4001
E-mail: Send me an e-mail

Training Provider



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