The Insurance Institute of South Africa NPC. Association incorporated under Section 21 Reg No: 1993/002172/08

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1 The Insurance Institute of South Africa NPC Association incorporated under Section 21 Reg No: 1993/002172/08 Physical Address: Victoria Gate South, Hyde Psrk Lane cnr Jan Smuts & Hyde Lane, Hyde Park 2196 Postal Address: PO Box Craighall 2040 Tel: / Fax: or +27(0) info@iisa.co.za / Web: study track Levels & Suggested Qualification Stream 2015 Programme in Risk Management 108 NQF Level 6 IISA Introductory Programme in Adv Insurance Practice 60 NQF 6 IISA Programme in Advanced Insurance Practice 60 NQF 6 Programme in Short Term Insurance for Associateship 108 NQF 6 Higher Certificate in Short Term Insurance 120 NQF Level 5 National Certificate in Short Term Insurance 120 NQF Level 5 IISA Introductory Programme in Insurance 60 NQF Level 5 IISA Programme in Insurance 60 NQF Level 5 Elements of Insurance 12 NQF Level 5 COP and ICIBS 84 NQF Level 4 INSETA Certificate in Short Term Insurance 120 NQF Level 4 As approved by SAQA Version: 27 October 2014

2 & Qualification Stream Page 2 of 6 STEP 1 Option A Certificate of Proficiency plus Intermediate Certificate in Business Studies Certificate of Proficiency (CoP) One subject, chosen from three possible streams: Subject Credits Short Term Insurance 12 level 4 Long Term Insurance An introduction to the insurance environment 12 level 4 Retirement Funds 13 level 4 Historically an industry recognised certificate awarded by the College of Insurance, containing SAQA-recognised credits. College of Insurance; or Botswana Accountancy College (not SAQA recognised) The CoP is appropriate for those who are new to the industry, either direct from school with, without Matric or direct from a tertiary qualification with a non-insurance qualification. It also provides a valuable introduction to insurance for those employed in support activities to the industry, such as IT, auditing, accounting and secretarial support. plus Intermediate Certificate in Business Studies (ICiBS) Four subjects, including a second specific technical stream subject Subject Credits Short Term or Long Term Insurance A more detailed overview of products and practices 24 level 4 Business Calculations Applied Mathematics 16 level 4 Business Communications Practical English skills 20 level 4 Business Organisation/Financial Literacy Basics of key business and personal financial skills 12 level 4 Historically an industry recognised certificate awarded by the College of Insurance, containing SAQA-recognised credits. College of Insurance; or Botswana Accountancy College (not SAQA recognised) Where Matriculation has been achieved with a pass in English and a good pass in Mathematics, dispensation can be obtained for the Mathematics and Communication subjects, while dispensation for Financial Literacy can be obtained on the basis of a pass in Business Economics, Accountancy or a similar subject. Ideal for those seeking a more detailed knowledge of the products and processes used in the industry.

3 Past Current & Qualification Stream Page 3 of 6 STEP 1 Option B IISA Short Course in Elements of Short Term (phasing out in 2015) One subject, chosen from three possible streams: Subject Credits Elements of Short Term Insurance An Introduction to Short Term Insurance 12 level 5 An industry recognised certificate awarded by Unisa CBM, containing SAQA-recognised credits. Unisa Centre for Business Management Ideal for candidates who had passed matric English and mathematics and who have already spent some time working in the insurance industry or for those with a non insurance degree seeking to fast track ino the insurance programmes. STEP 1 Option C INSETA Certificate in Short Term / Long Term Insurance Six subjects, chosen from two possible streams: Qualification Credits SAQA ID FET Certificate in Short Term Insurance An introduction to Short Term Insurance 140 level and basic business skills FET Certificate in Long Term Insurance An introduction to Long Term Insurance and 140 level basic business skills National Certficate in Short Term Insurance 120 level National Certficate in Risk Management 140 level National Certficate in Wealth Management 120 level FET Certificate in Short Term Insurance 140 level An industry recognised full qualification awarded by an INSETA Accredited Training Provider, containing SAQA-recognised credits. An INSETA Accredited training provider. Ideal for those seeking a more detailed knowledge of the products and processes used in the industry.

4 & Qualification Stream Page 4 of 6 STEP 1 Option D IISA Programme in Insurance (phasing out in 2015) 10 semester modules comprising a total of 120 level 5 Introductory Programme in Insurance 5 modules 60 credits; plus Programme in Insurance 5 modules 60 credits Selected from a choice within one of three streams (Short Term, Long Term or Retirement Funds) Practical applied subject matter. For those who are seeking a deeper understanding of practical, applied subject matter in various fields. Recognised as qualification number 669 on the FSB s published list of qualifications as generic to all product categories Who should do these programmes? This qualification is appropriate for those who are established in the industry with some lower-level studies, especially the IISA s preferred track, or who are relatively new to the industry with an appropriate tertiary qualification which is not insurance related. STEP 2 Option A Higher Certificate in Short Term Insurance Full Qualification comprising of 6 subjects, granting a total of 120 level 5 SAQA ID quality assured by the Council on Higher Education Historical recognition may be granted for IISA Programmes offered by UNISA CBM and qualified up to and including 2014 Practical applied subject matter. For those who are seeking a deeper understanding of practical, applied subject matter in various fields of short term insurance. Satisfies the academic requirements for election as a Licentiate Member of the IISA Milpark Education (Pty) Ltd Recognised as qualification number 232 on the FSB s published list of qualifications as specific for both short term commercial and personal lines and generic to all other insurance product categories Who should do these programmes? This qualification is appropriate for those who are established in the industry with some lower-level studies, especially the IISA s preferred track, or who are relatively new to the industry with an appropriate tertiary qualification which is not insurance related.

5 & Qualification Stream Page 5 of 6 STEP 2 Option B National Certificate in Short Term Insurance Full Qualification comprising of a total of 120 level 5 SAQA ID quality assured by INSETA Practical applied subject matter. For those who are seeking a deeper understanding of practical, applied subject matter in various fields of short term insurance. Satisfies the academic requirements for election as a Licentiate Member of the IISA Insurance Learning Academy Recognised as qualification number 212 on the FSB s published list of qualifications as generic to all product categories Who should do these programmes? This qualification is appropriate for those who are established in the industry with some lower-level studies, especially the IISA s preferred track, or who are relatively new to the industry with an appropriate tertiary qualification which is not insurance related. STEP 3 IISA Introductory Programme + Programme in Advanced Insurance Practice (phasing out in 2015) 10 semester modules subjects comprising a total of 120 level 6 Introductory Programme in Advanced Insurance Practice 5 modules 60 credits; plus Programme in Advanced Insurance Practice 5 modules 60 credits Selected from a choice within one of two streams (Short Term Insurance or Long Term Insurance) More specialist subject matter of insurance technical practice. Either to deepen knowledge in one or more fields or to broaden the understanding of the insurance sector and gain the ability to apply the acquired knowledge in practical management situations. Satisfies the academic requirements for election as an Associate Member of the IISA. Recognised as qualification number 13 on the FSB s published list of qualifications as generic to all product categories

6 & Qualification Stream Page 6 of 6 STEP 3 Programme in Short Term Insurance for Associateship (NEW!!) 9 subjects comprising a total of 108 level 6 Specialist subject matter of insurance technical practice, with a practical application subject. Either to deepen knowledge in one or more fields or to broaden the understanding of the insurance sector and gain the ability to apply the acquired knowledge in practical management situations. Satisfies the academic requirements for election as an Associate Member of the IISA, if the applicant has an underlying SAQA Registered qualification. to be confirmed, awaiting FSB response STEP 4 Programme in Risk Management Applicants must have held Associate status for at least one year and have completed The Programme in Risk Management offered by UNISA. This is the only programme which has been approved by the IISA s Professional Standards Committee, but others may be considered. Satisfies the academic requirements for election as a Fellow of the IISA. There are additional criteria for membership purposes, other than the qualification, which can be obtained from the Membership Officer. Recognised as qualification number 369 on the FSB s published list of qualifications as generic to all product categories To demonstrate a high level of understanding and application of knowledge within the broader field and to achieve the wellrecognised Fellowship standing with the IISA Useful Contact Details IISA Programmes in Insurance Tel: (012) Tel: (012) dswarcj@unisa.ac.za Tel: (012) iisa@unisa.ac.za Web Site : Botswana Accountancy College Oscar Chomba, Insurance Course Manager Tel : (267) oscarc@bac.ac.bw Web Site : Milpark Education (Pty) Ltd Tel : (011) ismail@milpark.ac.za Web Site : Insurance Learning Academy Tel : info@learninsurance.co.za Web Site :