FAST-TRACK CII LECTURE SERIES 2017/2018

Transcription

1 FAST-TRACK CII LECTURE SERIES 2017/2018 Leading to: Diploma in General Insurance and Risk Advanced Diploma in General Insurance and Risk

2 FAST-TRACK CII LECTURE SERIES 2017/2018 Leading to: Diploma in General Insurance and Risk Advanced Diploma in General Insurance and Risk Impressive Track Record Since 2009, 122 participants in our previous intakes of the Insurance Executive Scholarship Programme (IESP) / Insurance Associate Programme (imap) have attained their ACII designation through this route. For Whom This programme is suitable for insurance practitioners who wish to fast-track their careers, by enhancing their professional knowledge and attaining the Associate, Chartered Insurance Institute (ACII) awarded by the CII, United Kingdom (UK), through a well-structured lecturer-led programme. Participants will also obtain the Diploma in General Insurance and Risk (DGIRM) and Advanced Diploma in General Insurance and Risk (ADGIRM) qualifications from the Singapore College of Insurance (SCI), upon successful completion of the examination. Programme Highlights These are examination preparatory programmes conducted by a faculty of experienced lecturers with years of industry experience in their area of expertise. The meticulously-planned programme schedule comes with full-day lecture sessions spaced out from August 2017 to April 2018, to accommodate the busy work commitments of the practitioners. Through this programme, the participant under the General Insurance Track can speedily obtain 3 recognised qualifications upon successful examination completion, namely: Dip SCI (GI & RM) designation awarded by the SCI; Adv Dip (GI & RM) designation awarded by the SCI; and ACII designation awarded by the CII, upon successful completion of requisite additional modules. 1 Overview Of Diploma Level (DGI01 DGI04) DGI01: Legal Aspects Of Insurance Provides candidates with firm foundation of the law and various legal concepts applicable to insurance practice. DGI02: Insurance Company Operations Equips candidates with good understanding of insurance company operations from the typical business structures to the manner of management. DGI03: Commercial Property And Business Interruption Provides candidates with knowledge and skills to assess and underwrite property and business interruption risks. DGI04: Liability Insurance Provides candidates with firm understanding of knowledge and skills in underwriting various classes of commercial liability insurance. Advanced Diploma Level (ADGI05 ADGI07) ADGI05: Claims Provides candidates with knowledge to develop and enhance professionalism and skills in managing commercial insurance claims, including loss surveys, investigations and dispute handling. ADGI06: Risk Provides candidates with knowledge on application of key risk management principles and practices for various situations. ADGI07: Business And Economics Equips candidates with understanding of the interconnectivity between insurance and economics from a macro-perspective of the global economic structures, and the roles that insurance plays, both globally and in Singapore. More detailed write-up can be found at SCI website at: CII CII 960: Advanced This unit is about enhancing understanding of the requirements of managing overall risk exposures and arriving at appropriate pricing to ensure fair outcomes. This unit would be of benefit to those that are highly experienced in underwriting and that are in or aspire to senior underwriting and management positions. CII 990: Insurance Corporate At the end of this unit candidates should be able to understand how an insurance operation is managed. CII 995: Strategic It aims to provide candidates with an understanding of the strategic context within which an underwriting function is managed. Candidates will discuss global strategic insurance issues and evaluate underwriting strategy within the external,as well as internal insurance context. They will also analyse how the underwriting function should be led and resourced to deliver the underwriting strategy. Note: Syllabi may be subject to change.

3 Programme Schedule And Fees Diploma In General Insurance and Risk (DGIRM) Advanced Diploma In General Insurance and Risk (ADGIRM) DGI01 Legal Aspects of Insurance DGI02 Insurance Company Operations DGI03 Commercial Property and Business Interruption DGI04 Liability Insurance ADGI05 Claims ADGI06 Risk ADGI07 Business and Economics Lecture Dates (9.00 am to 5.00 pm) 21, 22, 24, 25 & 28 Aug , 12, 14 & 18 Sep , 10, 12, 13 & 16 Oct 2017 Exam Prep Dates 31 Aug Sep Oct , 7, 9, 10 Nov Nov , 5, 8, 9 Jan Jan , 30 Jan, 1, 2 & 5 Feb , 27 Feb, 1 & 2 Mar Feb Mar 2018 Examination Date 8 Sep Sep Oct Nov Jan Feb 2018 (2:00 pm to 5:00 pm ) 16 Mar 2018 Modular Fee (Inclusive of 7% GST) S$ S$ S$ S$ S$ S$ S$ Nett Fee after FTS Funding (inclusive of 7% GST) S$ S$ S$ S$ S$ S$ S$ Please refer to the Mimimum Entry Requirements for the criteria that the candidate has to satisfy at the time of registering for the DGIRM/ADGIRM. NOTE: Time Bar For Examination Completion Please note that it is the candidate s responsibility to monitor his or her own time bar for the examination completion of the DGIRM & ADGIRM accordingly. The SCI will not send any notification to remind the candidate in this respect. Associate, Chartered Insurance Institute (ACII) Examination Format And Structure DGI01 Legal Aspects Of Insurance DGI02 Insurance Company Operations DGI03 Commercial Property And Business Interruption DGI04 Liability Insurance ADGI05 Claims ADGI06 Risk ADGI07 Business and Economics Examination Format Lecture Dates (9.00 am to 5.00 pm) Part I : 14 Short Answer Questions (10 marks each), Part II: 2 Case Study/Essay Questions (30 marks each) 20 Short Answer Questions (10 marks each) Part I : 14 Short Answer Questions (10 marks each), Part II: 2 Case Study/Essay Questions (30 marks each) Part I : 14 Short Answer Questions (10 marks each), Part II: 2 Case Study/Essay Questions (30 marks each) Part I : 1 Case Study Question (80 marks), Part II: 2 Scenario-Based/Essay Questions (40 marks each) Part I : 1 Case Study Question (80 marks), Part II: 2 Scenario-Based/Essay Questions (40 marks each)) Part I : 1 Case Study Question (80 marks), Part II: 2 Scenario-Based/Essay Questions (40 marks each) Modular Fee* (Inclusive of 7% GST) Pass Mark Minimum of 110 marks out of a total of 200 marks (that is 55%) Minimum of 80 marks out of a total of 160 marks (that is 50%) Nett Fee after FTS Funding (Inclusive of 7% GST) CII990 Insurance Corporate 27, 28 & 30 Nov 2017 S$1, S$ CII960 Advanced 9, 10 & 12 Apr 2018 S$1, S$ CII995 Strategic 24, 25 & 27 Apr 2018 S$1, To be advised The candidate must be a CII member at the time of registering for any CII modules under this programme. The lecturer will teach based on the contents within the CII study text, and will NOT be answering any specific questions pertaining to the students Coursework Assignments. Distinction Minimum of 170 marks out of a total of 200 marks (that is 85%) Minimum of 136 marks out of a total of 160 marks (that is 85%) Examination Duration 3 hours (per module) Important Note: All examinations will be conducted in the Computer Mode, whereby the candidate will type out the answers directly onto a softcopy Answer Script appearing on the Computer Screen. It is recommended that the candidate should take the examinations in sequential order that appears above. CII990 Insurance Corporate CII960 Advanced CII995 Strategic Assessment Format For each module: Three assignments which must be passed within a 12-month enrolment period. Assignments are up to 3,200 words in length and are due at regular intervals throughout the enrolment period. 2

4 Faculty DGI01 Legal Aspects Of Insurance DGI02 Insurance Company Operations Lecturer(s) Michael Eu Anthony Wee Edwina Fan Graham Spriggs DGI03 Commercial Property And Business Interruption Tan Eng Seng Perry DGI04 Liability Insurance ADGI05 Claims ADGI06 Risk Professional/ Academic Qualifications Master of Laws (Singapore) Bachelor of Laws (Hons) Bachelor of Laws (Hons) FCII Doctorate of Business Administration FCII Bachelor of Accountancy Conferring Institutions National University of Singapore National University of Singapore University of Bristol The Chartered Insurance Institute, United Kingdom Swiss Center The Chartered Insurance Institute, United Kingdom National University of Singapore ADGI07 Business And Economics CII960 Advanced CII990 Insurance Corporate Graham Spriggs FCII Doctorate of Business Administration The Chartered Insurance Institute, United Kingdom Swiss Center CII995 Strategic All lecturers are lecturing on a part-time basis ACII: CII Associateship, The Chartered Insurance Institute, United Kingdom FCII: CII Fellowship, The Chartered Insurance Institute, United Kingdom The average teacher-student ratio in each class is 1:30 3

5 Completion Requirement i. To obtain the Diploma in General Insurance and Risk, the candidate must pass all 4 modules (DGI01 to DGI04) within 5 consecutive years, or 60 months. ii. To obtain the Advanced Diploma in General Insurance and Risk, the candidate must pass all 7 modules (DGI01 to DGI04 and ADGI05 to ADGI07) within 7 consecutive years, or 84 months. iii. passes or exemptions exceeding 5 years for DGIRM level and 7 years for ADGIRM level are considered outdated passes and will not count towards meeting the DGIRM/ADGIRM completion requirements respectively. Any such candidate with outdated passes or exemptions must resit and pass the examinations for the applicable modules, in order for him or her to count towards meeting the DGIRM/ ADGIRM requirements. Note: The Diploma level is part of the Advanced Diploma level. Signing Of Advisory Note & Student Contract (DGIRM / ADGIRM) In accordance with the Private Education Act 2009, every candidate must sign an Advisory Note and a Student Contract with the SCI, before the programme commencement date. The candidate must come down personally to the SCI to sign the documents in the presence of an SCI officer, who will also address any queries that the candidate may have on these documents. Cooling-Off Period & Rights To Cancel The Student Contract provides a Cooling-Off Period of 7 working days counting from the date of signing the Student Contract. Should the candidate decide to withdraw from the Programme within the Cooling- Off Period, the candidate must immediately submit to the SCI a written notice of withdrawal (by or post) for such a decision. As such, the Student Contract signed between the SCI and the candidate will then be rescinded, and the SCI will refund all prepaid fees to the candidate within one month. Withdrawal From Module For DGIRM & ADGIRM Only 1. Withdrawal During Cooling Off Period If the Candidate s written notice of withdrawal (by or post) is received during the cooling off period, there will be a full refund of the course fees paid. 2. Withdrawal After Cooling Off Period (DGIRM / ADGIRM) At least 21 days BEFORE the Commencement Date of the module: If the Candidate s written notice of withdrawal (by or post) is received at least 21 days before the Commencement Date of the module, please refer to the Refund Table below. In addition, the Candidate is required to return the signed Student Contract to the SCI in order to terminate the contract, where applicable. Refund Table (Subject To Review On A Yearly Basis) Amount of Refund (for those who have paid the course fee): A full refund of the course fee paid A refund of course fee of S$ per module for DGI01, DGI03 or ADGI06. A refund of course fee of S$ per module for DGI02, DGI04, ADGI05 or ADGI07. If Candidate s written notice of withdrawal is received # : During the cooling off period At least 21 days before the commencement date of the module # No withdrawal is allowed if it is less than 21 days before the commencement date of the module, but the Candidate may opt to re-schedule to the next immediate intake subject to availability of space and course schedule. For CII Only At least 2 months BEFORE the Commencement Date of the module: If the Candidate s written notice of withdrawal (by or post) is received at least 2 months before the date of Commencement Date of the module, there will be a refund of course fee of S$1, No withdrawal is allowed if it is less than 2 months before the commencement date of the first module. Re-Scheduling Of Examination (DGIRM/ ADGIRM) At least 21 days BEFORE the Examination Date To apply for re-scheduling of examination, you are required to download the Re-scheduling of Examination Form at scicollege.org.sg/docs/rescheduling%20form.pdf. A free rescheduling, only to the next immediate examination series (subject to availability of space and schedule), is allowed. You are required to submit a completed Re-scheduling of Examination Form at the SCI reception counter in person or by post and it should reach the SCI at least 21 days before the date of the examination. Candidates applying by post are reminded to allow sufficient time for mailing. No fax or applications will be accepted. If the validity period of the original Student Contract is affected due to the re-scheduling of examination, the candidate will be required to come to the SCI to sign a new Student Contract or an addendum, where applicable. Between 2 working days and 20 days BEFORE the date of examination To apply for re-scheduling of examination, you are required to download the Re-scheduling of Examination Form at scicollege.org.sg/docs/rescheduling%20form.pdf. A re-scheduling fee of S$53.50 (inclusive of 7% GST) per module applies (subject to availability of space and schedule). You are required to submit a completed Re-scheduling of Examination Form at the SCI reception counter in person or by post and it should reach the SCI at least 2 working days before the date of the examination. Candidates applying by post are reminded to allow sufficient time for mailing. No fax or applications will be accepted. If the validity period of the original Student Contract is affected due to the re-scheduling of examination, the candidate will be required to come to the SCI to sign a new Student Contract or an addendum, where applicable Substitution No substitution is allowed. Absent On Day Of Examination (DGIRM/ ADGIRM) Candidates will be graded ABSENT if they do not attend the examination on the examination date. If you are absent from the examination owing to the following valid reasons: (1) Medical grounds (self or immediate family member); (2) Bereavement cases (immediate family member); (3) Disabling accident or injury (self); (4) Court appearance (self); or (5) National Service (self) in accordance with the Enlistment Act (Chapter 93); you may apply either for your examination entry to be transferred to the next available session (subject to availability of space and examination schedule) or for a 50% refund of the original examination fee paid. A transfer is only allowed if you are absent from the examination owing to any one of the above valid reasons. Only one transfer is allowed per module. No other reasons will be entertained. To apply for transfer to the next available session you are required to submit a completed Absence From Examination Form to the SCI reception counter in person or by post within 7 days from the date of the examination. Candidates applying by post are reminded to allow 4

6 sufficient time for mailing. No fax or applications will be accepted. Applications without the relevant supporting document(s) or Applications received after the prescribed deadline will NOT be processed. You may download the Absence From Examination Form at or to: to request for a copy of the Absence From Examination Form. (Note: Immediate family member refers to spouse, children, parents or grandparents.) 1. For medical case of self or immediate family member Candidate must submit valid medical certificate issued by registered medical practitioners or hospitals in Singapore. The name of the candidate and the date of medical leave must be printed on the valid medical certificate. For immediate family member, the name of the immediate family member and date of medical leave must be printed on the valid medical certificate, and it should be submitted together with the documentary proof of relationship. For hospitalisation case of self or immediate family member Candidate must produce a valid Hospitalisation Leave Certificate and it must contain the following: (i) Name of the candidate (ii) The licensed doctor s clinic name, address and contact number (iii) The period of hospitalisation leave (iv) The reason for the hospitalisation (v) Doctor s signature For an immediate family member, the name of the immediate family member as well as items (ii) to (v) must be printed on the valid Hospitalisation Leave Certificate, and it should be submitted together with the documentary proof of relationship. Applications will not be considered without valid Medical Certificates/ Hospitalisation Leave Certificates. Please note that no other forms of medical evidence are acceptable. 2. For bereavement cases of immediate family member Candidate must produce a valid death certificate and documentary proof of relationship. 3. For disabling accident or injury of self Candidate must produce a police report or a valid medical certificate issued by registered medical practitioners or hospitals in Singapore or a valid Hospitalisation Leave Certificate (refer to item 1. above for details). 4. For court appearance (self) Candidate must produce a writ of summon with his/her name displayed. 5. National Service (self) in accordance with the Enlistment Act (Chapter 93) Candidate must produce the Singapore Armed Force (SAF) Notice indicating the candidate s name and identification number. Minimum Entry Requirements In order to be registered for the Programme/Examination, the candidate: i. must be at least 18 years of age; ii. should be a Singapore Citizen/Singapore Permanent Resident or foreigner who is ordinarily resident in Singapore at the point of registering for the Programme/Examination; iii. should preferably be engaged in financial services activities; iv. should have attained a minimum of 4 GCE O Level passes, including a pass in English* or any academic qualification deemed equivalent and acceptable by the SCI or should have successfully attained any one of the SCI Advanced Certificates; and v. must have successfully completed the SCI Certification in General Insurance (CGI) examinations, by having passes in the Basic Insurance Concepts and Principles (BCP), Personal General Insurance (PGI) and Commercial General Insurance (ComGI) examinations. * Candidates without a pass in English can take Test of English as a Foreign Language (TOEFL) with passing mark of at least 70. For more information on TOEFL, please refer to: The candidate must produce relevant supporting documents during the signing of the Advisory Note and Student Contract. Recognition Of Prior Learning (RPL) Credits Awarded By CII Candidates who complete the specified SCI DGIRM/ADGIRM modules are eligible to apply for CII RPL credits (and corresponding CII units, if applicable) as tabled below. SCI Module CII Credits Corresponding CII Unit DGI01 Legal Aspects Of Insurance 25 Credits at the CII Diploma in Insurance level CII Unit M05: Insurance Law DGI02 Insurance Company Operations 25 Credits at the CII Diploma in Insurance level CII Unit M92: Insurance Business And Finance DGI03 Commercial Property And Business Interruption 25 Credits at the CII Diploma in Insurance level CII Unit P93/M93: Commercial Property And Business Interruption DGI04 Liability Insurance 25 Credits at the CII Diploma in Insurance level CII Unit P96/M96: Liability Insurances ADGI05 Claims ADGI06 Risk ADGI07 Business And Economics 30 Credits at the CII Advanced Diploma in CII Unit 820: Advanced Claims Insurance level 25 Credits at the CII Diploma in Insurance level CII Unit P67/M67: Fundamentals Of Risk 30 Credits at the CII Advanced Diploma in CII Unit 530: Economics And Business Insurance level Please take note that the above-mentioned CII RPL Credits are valid until 31 January The candidate must familiarise himself or herself with the CII RPL Scheme rules and application process, before submitting their applications. Details are at: prior-learning. SCI will not be responsible for the application of the CII RPL Credits. With effect from 1 February 2017, CII requires that candidates must have fully completed the DGIRM or the ADGIRM* qualification to apply for CII RPL credits, regardless whether you have registered for the DGIRM or ADGIRM programmes on or before 1 February *The only exception is ADGI05 Claims where the CII will accept the SCI result slip without the completion certificate for this ADGIRM module. We also wish to draw the attention of candidates to the following statement by the CII: At its sole discretion, the CII reserves the right to make, amend and/or withdraw credit awards for prior learning at any time, on due notice as it sees fit and without monetary compensation. Under no circumstances will the CII accept any liability for consequential indirect or special losses or special damages of any kind arising out of or on in any way concerned with awarding or withdrawal of credit awards for prior learning. The award of credits for prior learning in the CII s qualification framework is a privilege and not a right and it is expressly agreed that there is no intent to bring legal relations into being or otherwise establish a contractual relationship between the parties. 5

7 Issue Of Study Text(s) Upon your successful registration and correct payment of the DGIRM/ ADGIRM examination module, the SCI will issue the relevant Study Text to you. For CII module(s), the study text(s) will be issued on the first day of the CII course. Fee The programme fee includes: All lectures, study texts and course materials (if any); and One-time examination/coursework assessment fees. The programme fee excludes: CII Membership fees; and Recognition of Prior Learning fees. Funding FTS -Eligible This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants business activities or job roles. The FTS is available to eligible entities, at a 50% funding level of programme fees subject to all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme Directory with the specified validity period. Please refer to for more information. CII Membership Benefits CII membership gives access to everything that the member needs to plan and develop his career in any aspect of insurance for all the CII examination levels, including discounted fees for the CII revision courses and examinations. For more information on the CII membership benefits, types, fees and application, please refer to: SCI/guidelines.asp#CIIMEMBER. Application for / renewal of CII membership is to be submitted by the candidate directly to the CII. The candidate must be a CII member at the time of registering for any CII modules under this programme. Programme Duration Diploma in General Insurance and Risk (DGIRM): 21 August 2017 to 10 November 2017 Duration: 4 months, full-time Advanced Diploma in General Insurance and Risk (ADGIRM): 4 January 2018 to 2 March 2018 Duration: 3 months, full-time Grievance Procedure/Dispute Resolution The SCI is committed to providing prompt and efficient channels for candidates to seek resolution for their dispute and grievance. A candidate s dispute or grievance may arise from any experience aspect at the SCI which the candidate believes to be unfair, unjust or unreasonable. The SCI s policies and procedures will take precedence over the dispute and grievance process. A candidate who is seeking dispute or grievance resolution must follow the 3-step Dispute and Grievance Resolution Process as outlined below. Each step must be completed before going to the next step. STEP 1 Send an to Officer-In-Charge of the Programme via talk2us@ scidomain.org.sg. The will be acknowledged within 3 working days. The Officer-In-Charge will investigate the dispute or grievance and provide a resolution to the candidate within 20 working days from date of receipt of the . The SCI will make an effort to seek resolution at operational level. In all correspondence with the SCI, the candidate must provide the following contact information: Full Name (as in NRIC); NRIC / Passport Number; Contact Number: Office & Mobile; and Programme Title & /Subjects. STEP 2 In the event that the resolution rendered is not resolved or unsatisfactory, the candidate may escalate the dispute or grievance to the Head of Department (HOD). The HOD will investigate the dispute or grievance and will provide a resolution to the candidate within 5 working days from date of appeal. STEP 3 If a mutually amicable resolution cannot be found, the candidate may file an appeal with the SCI s Chief Executive. The Chief Executive will investigate the dispute or grievance from an independent perspective, and will work with the SCI s Senior to offer a resolution within 5 working days from the date of appeal to the Chief Executive. In the event that the candidate and the SCI are unable to resolve the dispute or grievance amicably, either party may approach the CPE s Student Services Centre (SSC) for help. The officers at the SSC will review the issues and may refer the dispute to the CPE Mediation- Arbitration Scheme. If the dispute is not resolved through mediation at the Singapore Mediation Centre, the dispute will be referred for arbitration by an arbitrator appointed by the Singapore Institute of Arbitrators. 6

8 Singapore College of Insurance (SCI) The Singapore College of Insurance (SCI) is a not-for-profit professional training and education body set up in 1974, as part of Singapore s efforts to develop as a financial hub. For more than 43 years, the SCI has remained focused in its efforts to upgrade the technical expertise of insurance and financial services practitioners, and to provide them with professional advancement opportunities, through its series of practice-oriented programmes and internationally-accredited qualifications. Since the late 1970s, the SCI has also played the role of an industry examination body to conduct regulatory examinations for those wishing to join the financial advisory, life and general insurance industries. Since 2009, the SCI has also expanded its role to include talent development programmes, such as the Insurance Executive Scholarship Programme (IESP) and the Insurance Associate Programme (imap) that have succeeded in attracting and placing numerous fresh tertiary talent into the varied functions in the industry. The SCI was voted the Asia Insurance Industry Educational Service Provider of the Year in 1997, 2001, 2007 and It has international links with professional bodies, such as The Chartered Insurance Institute (CII), The Chartered Institute of Loss Adjusters (CILA), The American College (TAC), The Life Office Association (LOMA), LIMRA and The Australia and New Zealand Institute of Insurance and Finance (ANZIIF) as well as with other training institutes in the region, through its involvement in the ASEAN Insurance Education Committee(AIEC) projects. The SCI has also actively helped to set up the Asia-Pacific Risk and Insurance Association (APRIA) to further insurance education, and to promote links between academia and the industry. 9 Temasek Boulevard #14-01/02/03 Suntec Tower Two, Singapore Tel: (65) Fax: (65) Singapore College of Insurance CPE Registration No: M From 26 September 2015 to 25 September 2019 Information presented on this marketing material is correct at the time of publishing. However, changes to the programme contents, dates, time, duration, venue and faculty members can occur owing to unforeseen circumstances. Every effort will be made to inform all participants of such changes on a timely basis Singapore College of Insurance Limited (SCI). All Rights Reserved by SCI. Version 1: 13 June 2017