The imap is supported by the Monetary Authority of Singapore since It is for Singaporean fresh graduates only. To date, the imap has

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1 The imap is supported by the Monetary Authority of Singapore since It is for Singaporean fresh graduates only. To date, the imap has successfully brought in 199 fresh graduates into the insurance industry. It is a unique programme that provides an accelerated comprehensive pathway through:

2 Eligibility Criteria & Prerequisites (There is a 3-year bond imposed by Sponsoring Institutions starting from 1 July 2018). How to Apply Download and open the SCI IMAP App in Apple store or Android on your smart phone Click I am interested, fill out the details and click Submit on the SCI IMAP App An notification will be sent to invite you to your CV to SCI SCI may contact you for a briefing before the Sponsoring Institution ( SI ) contacts you. If you have any queries of IMAP or facing difficulties in uploading your CV, please feel free to contact SCI at during our office hours from 8.30am to 5.30pm (Monday to Friday) or Ms Cindy Wee or Mr Ernest Chan at imap@scidomain.org.sg Application closes on 31 Jan Please turn to next page for testimonies of former imap Management Associates.

3 Testimonies from former imap Management Associates "Fresh out of school, and trying to clinch a job in the financial industry, is an all too familiar experience. Through the imap, I was given the chance to not only learn actuarial skills, but also underwriting skills in my company. The rotation between different lines of businesses, was an experience that helped provide a different perspective in the insurance deals seen. Occasionally, we were given the chance to network with other professionals in the industry here in Singapore, as well as abroad. Though juggling two professional papers is tough, the support from SCI and the company tremendously helped in my current progress. Hence, as a whole, imap has indeed provided a stepping stone into my career progression." Velda Tan, Actuarial Insurance UK Limited, Singapore Branch (1st imap) I found the imap to be a very good transition from school to work as the combination of classroom lectures and on the job training enabled me to be adequately prepared for the professional exams and at the same time also gain work experience. The lectures made the learning curve in my day to day work more manageable as I was able to relate back to relevant examples. Jerome Ng, Assistant Broking Executive, Marsh (Singapore) Pte Ltd, (1st imap) imap is the perfect springboard to career development in the insurance industry. Its comprehensive curriculum and mentorship programme facilitates progressive learning while the job rotations offers countless opportunities for hands-on experiences and knowledge application. Tay Kwan Loong, Management Associate, Allied World Assurance Company, Ltd, (2nd imap) imap has provided me with a good foundation in insurance knowledge, helping me to have a solid head start in the general insurance industry. I believe that with my personal drive and determination, I can utilize my knowledge gained from imap to build a strong career for myself. Yeo Han Qi, AXA, GI 2nd Intake In an industry where experience counts for more than all the text can carry, this course has very effectively inducted my understanding of insurance and all its intricacies, inculcating in me the ability to better understand the jargons so much quicker and that much thorough for my career. It is also through this programme that I have had the opportunity to meet veterans and similar new bright-eyed entrants to this industry. A wonderful course to say the least. Glenn Chan, AVA Insurance Brokers, GI 1st Intake

4 imap STUDENT BROCHURE SUPPORTED BY THE MONETARY AUTHORITY OF SINGAPORE INSURANCE MANAGEMENT ASSOCIATE PROGRAMME Starting 1 July 2018 YOU in Actuarial Services Broking Business Development Claims Loss Adjusting Reinsurance Underwriting YOU and a Career in General Insurance Underwriting, General Insurance Broking & Reinsurance

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6 What is the imap? Join the imap today! The imap is the flagship talent development programme for Singapore s insurance industry, designed to attract and develop young talent for Specialist & leadership roles in this dynamic industry. Launched in 2009, it is a structured 2-year fast track talent programme that offers participants professional accreditation and certifications, structured on-the-job training linked to cross-functional rotations, mentorship, international exposure, online ethics programme, special activities and talks. imap also provides structured post-programme career development with a view to leadership. 01

7 02 02 Diversity of Careers

8 Diverse Career Journeys I started my journey in the insurance industry in 1977 and didn t know that it would last so long. My journey has been fantastic, 39 years of happiness and full of surprises that have been rich in human experience, cultural diversity, market knowledge, innovation, new technology, emerging risks, etc. For an industry which can look upfront very boring, our industry is full of exciting opportunities to develop your skill, to satisfy your curiosity and mobility. My role as CEO of PartnerRe Asia and Head of P&C Underwriting in APAC is to manage and lead our operations across Asia, to expand PartnerRe brand in Asia, to define and execute our strategic orientations, to ensure the quality of relationships with clients and brokers, and to be accountable for the underwriting results. Although insurers and reinsurers are both in the risk business, their business model and expertise are very different. In fact, they are complementary to each other with reinsurers taking away from insurers their risk volatility. What they have in common is that they are both selling a product without knowing its final manufacturing cost. This is one of the reasons for the cyclicality of our industry and its competitiveness, as each player may have its own way to manage the cycle. What should be important for our industry is a good understanding of the follow the fortune principle. This principle which is challenged in price-driven developing countries requires long-term partnership and trust between insurers and reinsurers. 03 Alain Flandrin Former CEO of a Reinsurance Company When I entered the insurance industry in London in the early 1980s, I was not sure what I wanted to do. However, upon my best friend s recommendation, I took on a job in the Marine Cargo Department of a large Broking Company. I very quickly learned that all types of cargo suffered from losses from time to time. I also learned that over several hundred years, Lloyd s of London had developed a network of agents around the globe, as well as the methods of insuring and dealing with just about any commodity that could be shipped or transported. That was certainly fascinating! As my skills developed, I started to specialise, first in bulk oil cargo, and later, a niche in livestock and bloodstock, being primarily exotic animals destined for the zoos. I came to love the oil sector and moved to work for a Specialist Oil and Gas Insurance Broker, where I learned about drilling, blowouts and control of well insurance, as well as offshore structures, refineries and petrochemical plants. The nature of this business is that the risks and the premiums are high, but the claims can be huge. They invariably involve a very large number of parties. The policyholder relies on his broker to help to navigate through the web of stakeholders, and bring all parties to a common agreement, in terms of the scope and extent of the coverage for his claim. The most satisfying moments in my career had arrived. That was when, after sometimes months of negotiations had elapsed, all obstacles had been overcome, and a settlement finally reached to the satisfaction of the client. Over the years, I was promoted and dealt with bigger and more complex losses. I would frequently travel out of London to other countries to support clients. In the course of my career to date, I have worked in over 60 counties. Insurance is truly a global business, with some very large multinational companies, where it can provide good opportunity to work throughout the world. A few years ago, I was fortunate to be invited to move to Singapore, to work as Head of Claims in Asia for my Company. This is a role that I love and which continues to take me to new places, and thus, to take on new challenges. Neil Thomas Regional Head of Claims Willis Towers Watson

9 Diverse Career Journeys I am responsible for the P&L of my department, which is like running my own company - very entrepreneurial. The responsibility and ownership in the role are often rewards in themselves. Sometimes I underwrite policies where the liability can be as high as US$300,000 per day of project delay. I have also travelled the world, often at very short notice - boarding that aircraft at Changi is just the beginning of what is usually set to be a unique experience. Every day I see different risks, different people. I am very much a people person and I have the opportunity to meet brokers and business people. I ve developed a good understanding of what is required in underwriting and am comfortable dealing with clients in any locality. I am a hungry deal-maker and this excites me. Said Khan Cargo Underwriter at a Lloyd s Syndicate 04 In the early part of my working life, I was looking for an industry that fitted my temperament and skill sets, as well as a place where I could build a career not just fleeting jobs. As a young professional, I hoped for a degree of controllability in my career; general insurance seemed like the place to find that. In investment banking at the time, there was no lack of qualified people all jostling in a very over-crowded opportunity space. General insurance was, and still is, under the radar and the opportunity to stand up and be counted is ever-present. When I started out in insurance, we ran on pure adrenalin. My organisation had just formalised a one-year tutorship, where I was fortunate enough to be mentored by the department manager. In my first year, I was sent on a short secondment to Hong Kong, attended seminars in KL and Singapore, all culminating in Specialty School in the US where we met with senior management and hires from other branches. I remember embarking on a self-drive trip over the weekend with a group of international hires from Connecticut to New York, where we painted the town red. These early positive experiences: the fast-paced nature of the work, the travel opportunities, and the trust and independence accorded to me, dispelled pre-conceived notions that I held regarding the insurance sector. Noel Tan Regional Financial Line Manager at a General Insurance Company Loss adjusting is a very exciting and interesting profession. It forms an important component of the insurance industry. The Loss Adjuster is an independent party appointed by insurance companies to deal with claims under the terms and conditions of the contract of insurance. He puts forth his recommendations after a thorough investigation of the incidents. He acts as a bridge between the insurance companies and the claimants or insureds. A Loss Adjuster has to deal with all types of situations such as fire, theft, collapse of structures, personal injuries, fraud, etc. One moment, he may be investigating a fire in a factory and the next conducting an enquiry on the death of a policyholder. As a Loss Adjuster has to deal with tragic and disastrous situations, he or she must be a good communicator and possess good interpersonal skills. Loss Adjusting offers great opportunities to travel and the chance to see things that many outside the profession do not have. I know of several adjusters making loss adjusting as a life-long career and many have done well in life. If there is insurance, there will be loss adjusting - it is here to stay. Chan Hwee Seng Chairman of a Loss Adjusting Firm

10 Where are the MAs Today? What Job Functions are the mas in Today? Actuarial Analyst Actuarial Executive Analyst, Cat Modeling Assistant Manager Assistant Vice President Associate Consultant Risk Consulting Associate Manager Asst Underwriter (Marine, E & P) Claims Adjuster Claims Assistant Executive (Claims) Executive Officer, Broking Executive Underwriter General Insurance Analyst imap Loss adjuster Management Associate Management Trainee Marine Broker Offshore Energy Underwriter Policy Processing Pricing Actuary Property Treaty Underwriter Risk & Insurance Manager Risk Consultant Senior Executive, Claims Services Senior Manager, Energy Underwriting Assistant Underwriting Assistant, Property & Terrorism 05

11 You & The Programme Online Ethics Programme Professional Insurance designation(s) awarded by The Chartered Insurance Institute (CII), UK 06 International Exposure Programme Designed to groom young talent for leadership roles in the insurance and risk management industry, the Insurance Management Associate Programme (imap) is a prestigious industry initiative that has successfully brought in 199 fresh graduates and career switchers for the insurance industry. Launched in 2009, imap offers graduates with an accelerated comprehensive pathway into this dynamic industry through a structured 24-month career development programme that includes: Professional certifications awarded by the Singapore College of Insurance (SCI) Mentoring by senior managers Functional Rotations PROFESSIONAL INSURANCE DESIGNATION & CERTIFICATIONS During lecture days, you will spend your time at the SCI acquiring core technical skills and knowledge that will earn you professional designation - the ACII, awarded by The Chartered Insurance Institute (CII) in the United Kingdom. In addition, you will also earn the Cert SCI (GI), Cert SCI (RI), Dip SCI (GI & RM) and Adv Dip SCI (GI & RM). With your Dip SCI (GI & RM) and Adv Dip SCI (GI & RM) qualifications, you are eligible to apply for Associate CIP and Senior Associate CIP membership of The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) respectively. FUNCTIONAL ROTATIONS During non-lectures days, you will spend your time at your Sponsoring Institutions to acquire on-the-job experience in the various functional areas that will perfectly complement the academic component and develop you for future roles in your companies. MENTORING Mentoring is given by a Senior Manager in the Sponsoring Institution (SI). A Bond period of 3 years from 1 July 2018 applies

12 imap A Structured 2-Year Career Development Programme Overview of 2-Year Programme YEAR 01 2 to 15 July 2018 Orientation with SI 16 July 2018 imap programme starts BUILD STRONG FOUNDATION Training - Professional Accreditation (ACII) - Special Activities - Essential Business Skills - Experiential Learning YEAR 02 STEPPING UP LEARN THE ROPES THE PACE Full-time role in a key business function Mix of routine and non-routine work Strategic perspective (e.g., new products, key clients, challenging issues, company-level strategy) Develop deep technical expertise, knowledge and networks 07 Continuing Training & Development (by company) Mentoring (by a senior company executive) Functional Rotations (examples) Underwriting Claims Business Development International Exposure Programme (offered by selected SI)

13 Different Tracks Of imap For Different Target Markets 08 General Insurance Life Insurance Refer to imap Life Insurance Brochure General Insurance Underwriting Track General Insurance Broking Track Reinsurance Track Refer to pages 9, 11 to 17 Refer to pages 10 to 17 Refer to pages 20 to 22 Note: Other imap tracks may be added subject to demand.

14 imap Subjects At A Glance GENERAL INSURANCE year 02 International Exposure Programme ACII CII990 CII995 CII960 Insurance Corporate Management Strategic Underwriting Advanced Underwriting Cert SCI (RI) CRI Reinsurance: Basic Concepts And Practices 09 year 01 Adv Dip SCI (GI & RM) ADGI07 ADGI06 ADGI05 Business And Economics Risk Management Claims Management Dip SCI (GI & RM) DGI04 DGI03 DGI02 DGI01 Liability Insurance Underwriting Commercial Property And Business Interruption Underwriting Insurance Company Operations Legal Aspects Of Insurance Cert SCI (GI) ComGI PGI BCP Commercial General Insurance Personal General Insurance Basic Insurance Concepts And Principles

15 imap Subjects At A Glance GENERAL INSURANCE BROKING year 02 International Exposure Programme ACII CII960 CII990 CII930 Advanced Underwriting Insurance Corporate Management Advanced Insurance Broking 10 Cert SCI (RI) CRI Reinsurance: Basic Concepts And Practices year 01 Adv Dip SCI (GI & RM) ADGI07 ADGI06 ADGI05 Business And Economics Risk Management Claims Management Dip SCI (GI & RM) DGI04 DGI03 DGI02 DGI01 Liability Insurance Underwriting Commercial Property And Business Interruption Underwriting Insurance Company Operations Legal Aspects Of Insurance Cert SCI (GI) ComGI PGI BCP Commercial General Insurance Personal General Insurance Basic Insurance Concepts And Principles

16 Overview Of Modules GENERAL INSURANCE & GENERAL INSURANCE BROKING Cert SCI (GI) Overview Of Modules Examination Format Examination Duration Pass Mark BCP Basic Insurance Concepts And Principles It aims to provide candidates with a firm understanding of the structure of the Singapore insurance market, relevant insurance concepts, principles and fundamentals, including risk and insurance, the law of agency and contract. This programme will also cover the various types of insurance documents, the fundamentals of claims and reinsurance, as well as professionalism and ethics. 40 multiple-choice questions 45 minutes 11 PGI Personal General Insurance It aims to provide an understanding of the scope of coverage, underwriting considerations and claims procedures for the main Personal General Insurance classes, which include Private Motor Insurance, Personal Accident Insurance, Travel Insurance, Personal Property Insurance and Personal Liability Insurance. It also covers other types of Personal General Insurance / Health Insurance, such as Foreign Domestic Worker Insurance, Golfer s Insurance, Hospital Cash (Income) Insurance, Critical Illness Insurance, Takaful Insurance and Microinsurance. 50 multiple-choice questions 1 hour 15 minutes 70% for each module ComGI Commercial General Insurance It aims to provide an understanding of the scope of coverage, underwriting considerations and claims procedures for the main Commercial General Insurance classes, which include Property Insurance, Business Interruption Insurance, Liability Insurance, Motor Insurance, Marine and Aviation Insurance, and Construction and Engineering Insurance. It also covers Pecuniary Insurance, Insurance Bonds, Foreign Worker Insurance and Group Personal Accident Insurance. 50 multiple-choice questions 1 hour 15 minutes

17 Overview Of Modules GENERAL INSURANCE & GENERAL INSURANCE BROKING Cert SCI (RI) Cert Overview SCI (GI) Of Module Examination Format Examination Duration Pass Mark 12 CRI Reinsurance: Basic Concepts And Practices It aims to highlight the functions and the fundamental principles of reinsurance, the terms and concepts as reflected in the various types of treaty accounts documents and the concept and functions of life reassurance, the various forms of reassurance and their application. It also describes the characteristics, advantages and disadvantages of different forms of reinsurance arrangement and the common treaty clauses in proportional and non-proportional treaties, and explains their application. 100 multiple-choice questions, comprising: Part I - 80 questions; and Part II - 20 questions involving calculations 2 hours Candidate must achieve: a minimum grade of 40 marks for Part I and 10 marks for Part II; and an overall passing grade of 70%, that is 70 marks. Dip SCI (GI & RM) Overview Of Modules Examination Format Examination Duration Pass Mark DGI01 Legal Aspects Of Insurance It aims to provide candidates with a firm foundation of the law and the various legal concepts, as they apply in insurance practice. It also highlights the application of the various legal concepts and contractual terms relating to insurance claims such as indemnity, subrogation and contribution; as well as the application and operation of the law of agency in the insurance context. Part I: 14 Short Answer Questions (10 marks each), Part II: 2 Case Study / Essay Questions (30 marks each) 3 hours 55%

18 Overview Of Modules GENERAL INSURANCE & GENERAL INSURANCE BROKING Dip SCI (GI & RM) Overview Of Modules Examination Format Examination Duration Pass Mark DGI02 Insurance Company Operations It aims to equip candidates with a good thorough understanding of insurance company operations, beginning with the typical business structures to the manner in which insurance companies are managed, with particular focus on the roles and responsibilities of the company s board of directors and senior management, in line with corporate governance best practices. It highlights the various operational aspects within the common functional areas of insurance companies, as well as accounting principles and practices, with the aim of helping to gain a better appreciation of the various financial statements of insurance companies; and how the various financial ratios can be derived from, to provide an indication of an insurance company s financial strength. It also highlights the criteria that credit rating agencies apply in rating insurance companies, as well as the various regulatory solvency requirements, with which insurance companies in Singapore must comply. 20 Short Answer Questions (10 marks each) 3 hours 55% for each module 13 DGI03 Commercial Property And Business Interruption Underwriting It aims to provide candidates with the knowledge and skills to assess, as well as to underwrite property risks and business interruption risks in commercial lines. In particular, it deals with commercial property risks and their management, examines common causes of loss, surveys, insurance products, and offers guidelines in property underwriting and claims settlement. It covers various products such as Fire Insurance, Theft Insurance, Business Interruption Insurance, Money Insurance, Fidelity Guarantee Insurance, Glass Insurance, Goods In Transit Insurance, All Risks Insurance, Marine Cargo Insurance, and Marine Hull Insurance from application to inception, and completion of the underwriting process. Part I: 14 Short Answer Questions (10 marks each), Part II: 2 Case Study / Essay Questions (30 marks each) 3 hours

19 Overview Of Modules GENERAL INSURANCE & GENERAL INSURANCE BROKING Dip SCI (GI & RM) Overview Of Modules Examination Format Examination Duration Pass Mark 14 DGI04 Liability Insurance Underwriting It aims to provide candidates with a firm understanding of the pertinent knowledge and skills required in underwriting the various classes of Commercial Liability Insurance, namely Motor Insurance; Work Injury Compensation Insurance; Public And Product Liability Insurance; Directors And Officers Liability Insurance; Professional Indemnity Insurance; as well as other Specialist Liability Insurance. It also helps candidates to understand how underwriters evaluate and manage liability risks, in terms of the information required; the common features of liability policies; as well as the underwriting management, claims management, and risk management aspects, for a book of Commercial Liability Insurance business. Part I: 14 Short Answer Questions (10 marks each), Part II: 2 Case Study / Essay Questions (30 marks each) 3 hours 55% Adv Dip (GI & RM) Overview Of Modules Examination Format Examination Duration Pass Mark ADGI05 Claims Management It aims to provide candidates with the knowledge to develop and enhance professionalism and skills in managing personal and commercial insurance claims. It surveys the claims environment, examines the legal and contractual principles in claims management, claimant services management, and investigates causes of claims disputes and managing the disputes. It discusses the principles and practices of claims cost management, followed by practical application of the knowledge in handling general insurance claims Part I: 1 Case study question (80 marks), Part II: 2 Scenario-based / Essay questions (40 marks each) 3 hours 50%

20 Overview Of Modules GENERAL INSURANCE & GENERAL INSURANCE BROKING Adv Dip (GI & RM) Overview Of Modules Examination Format Examination Duration Pass Mark ADGI06 Risk Management It aims to provide candidates with the knowledge of the application of key risk management principles and practices to a variety of practical situations. It highlights the risk identification and the prioritisation processes, as well as the methods of risk assessment and analysis. Concepts such as risk controlling techniques, risk transfer and financing options, as well as methods of risk monitoring and review, will also provide a better understanding of risk management. Part I: 1 Case study question (80 marks), Part II: 2 Scenario-based / Essay questions (40 marks each) 3 hours 15 ADGI07 Business And Economics It aims to equip candidates with a deeper understanding of the interconnectivity between insurance and economics. It begins with a macroperspective of the global economic structures and the roles that insurance plays globally, as well as in Singapore. It also deals with economic theories and concepts, such as demand and supply; competition; unemployment; inflation; monetary and fiscal policies; as well as balance of payments; and their application in both insurance and non-insurance contexts. In addition, it highlights topical business issues such as business ethics; corporate social responsibility; corporate governance; and risk management; as well as some of the financial aspects of business such as financing; budgetary controls; and management accounting. Part I: 1 Case study question (80 marks), Part II: 2 Scenario-based / Essay questions (40 marks each) 3 hours 50% for each module Note : Syllabi may be subject to change.

21 Overview Of Modules GENERAL INSURANCE & GENERAL INSURANCE BROKING ACII 16 Overview Of Modules CII960 Advanced Underwriting It aims to enhance the understanding of the requirements of managing overall risk exposures and arriving at appropriate pricing to ensure fair outcomes. This unit will be beneficial to those who are highly experienced in underwriting and who are in or aspire to senior underwriting and management positions. CII990 Insurance Corporate Management It aims to equip candidates with the skills to evaluate the following issues and concepts relating to the management of an insurance organisation: Capital, capital adequacy and solvency rules, and their impact on insurance enterprises; Management structures and organisational issues; Corporate finance concepts in insurance; Planning and control processes in insurance; Roles of investment management and insurance regulations; and Challenges to insurance management. For General Insurance Track Only CII995 Strategic Underwriting 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. 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. For General Insurance Broking Track Only CII930 Advanced Insurance Broking It aims to provide candidates with the knowledge and understanding of the management and operation of insurance broking organisations. Note : CII modules may be subject to change. Application of RPL credits can only be done after the MA obtains each of the SCI qualifications in its entirety.

22 OVERVIEW OF MODULES Online Ethics Programme 90 minutes duration Covers Business & Industry Case Studies (Agents & Brokers) Principles / Code of Ethics Online Ethics Programme Contents Case Studies (Marketing, Sales, Underwriting, Claims) 17 Ethical Risks Scenarios Ethical Risks Assessment Ethical Risks Reporting This is an online programme which will take about 2 hours and 40 minutes to complete. The URL to access this Online Ethics Programnme will be released to the MA on 1 Nov The MA is required to complete the Online Ethics Programme by 1 Dec 2019.

23 18 Programme Schedule GENERAL INSURANCE UNDERWRITING & GENERAL INSURANCE BROKING RELEASE OF MODULES STUDY TEXT DATE BCP Basic Insurance Concepts And Principles PGI Personal General Insurance LECTURE DATES 9 am to 5 pm 15 Jun 2018* Company Tutored N/A EXAMINATION PREP DATES 9 am to 3 pm ComGI Commercial General Insurance DGI01 Legal Aspects Of 23 Jul , 21, 23, 24 & 27 Insurance Aug Aug 2018 DGI02 Insurance Company 23 Jul , 11, 13 & 14 Sep Operations Sep 2018 DGI03 Commercial Property And Business 10 Sep , 9, 11, 12 & 15 Interruption Oct Oct 2018 Underwriting DGI04 Liability Insurance 10 Sep , 2, 8 & 9 Nov Nov 2018 Underwriting ADGI05 Claims Management 16 Nov , 8, 10 & 11 Jan Jan 2019 ADGI06 Risk Management 7 Jan , 12, 14, 15 & 18 Feb Feb 2019 ADGI07 Business And Economics 7 Jan , 12, 14 & 15 Mar Mar 2019 CRI Reinsurance: Basic Concepts And 22 Mar & 9 Jul Jul 2019 Practices e-learning (about 2 Online Ethics hour 40 minutes to Programme N/A complete) Period: 1 Nov to 1 Dec 2019 * Study texts will be released to the MAs through the SIs. EXAMINATION DATE & TIME 16 Jul 2018 (9.00am to 9.45am) 16 Jul 2018 (10.15am to 11.30am) 23 Jul 2018 (9.00am to 10.15am) 7 Sep 2018 (2.00pm to 5.00pm) 2 Oct 2018 (9.00am to noon) 29 Oct 2018 (2.00pm to 5.00pm) 23 Nov 2018 (2.00pm to 5.00pm) 25 Jan 2019 (2.00pm to 5.00pm) 4 Mar 2019 (2.00pm to 5.00pm) 29 Mar 2019 (2.00pm to 5.00pm) 22 Jul 2019 (9.00am to 11.00am) EXAMINATION RESULT RELEASE DATE 16 Jul Jul Jul Sep 2018 TBC N/A N/A N/A 12 Nov Dec Feb Mar Apr Jul 2019

24 Programme Schedule GENERAL INSURANCE UNDERWRITING & GENERAL INSURANCE BROKING ACII MODULES (COMPANY TUTORED) CII990 Insurance Corporate Management CII960 Advanced Underwriting REGISTER WITH THE CII LATEST BY 26 Nov Apr 2019 For General Insurance Track Only CII995 Strategic Underwriting 1 Apr 2019 COURSE WORK ASSIGNMENTS DURATION 3 Dec 2018 to 2 Dec Apr 2019 to 7 Apr Apr 2019 to 7 Apr 2020 For General Insurance Broking Track Only CII930 Advanced Insurance Broking 1 Apr Apr 2019 to 7 Apr 2020 Special Activities and Talks (9.00 am to noon) International Exposure Programme (IEP) COURSE WORK ASSIGNMENTS DUE DATE After registration with the CII for the respective modules, the CII will provide the Coursework Assignments Due Dates and URL for submission (and Resubmission, if necessary). Please note that these Due Dates are critical deadlines that must be mointored and met by the MAs. RESULT RELEASE DATE Within 40 days of submission of assignment. 26 Nov 2018, 8 Apr 2019, 24 Jun 2019, 9 Sep 2019, 28 Oct 2019 and 3 Feb to 31 May 2020 Other Important Dates 19 Application of CII Membership imap Orientation & Signing of Student Contract Application of SII Membership Application for CII RPL Credits Application for Renewal of CII Membership DATES 2 Jul Jul Jul Jul Jan Apr Jun 2019 DETAILS MAs to apply and pay online for the CII Membership via The imap orientation will be held from am to 4.00 pm on 23 Jul 2018 after the ComGI examination. MAs will also sign DGIRM & ADGIRM Student Contracts. MAs to complete and submit the SII application form to SII directly. MAs to apply and pay for RPL Credits for Cert SCI (GI), assuming the MA passed the BCP, PGI and ComGI examinations on the first attempt. MAs to apply and pay for RPL Credits for Dip SCI (GI & RM), assuming the MA passed the DGI01, DGI02, DGI03 and DGI04 examinations on the first attempt. MAs to apply and pay for RPL Credits for Adv Dip SCI (GI & RM), assuming the MA passed the ADGI05, ADGI06 and ADGI07 examinations on the first attempt. MAs to apply and pay online for the CII Membership renewal via

25 imap Subjects At A Glance REINSURANCE year 02 International Exposure Programme ACII CII 997 CII 945 CII 960 Advanced Risk Financing And Transfer Marketing Insurance Products And Services Advanced Underwriting 20 Cert SCI (RI) M97 CRI Reinsurance Reinsurance: Basic Concepts And Practices year 01 Adv Dip SCI (GI & RM) ADGI07 ADGI06 ADGI05 Business And Economics Risk Management Claims Management Dip SCI (GI & RM) DGI04 DGI03 DGI02 DGI01 Liability Insurance Underwriting Commercial Property And Business Interruption Underwriting Insurance Company Operations Legal Aspects Of Insurance Cert SCI (GI) ComGI PGI BCP Commercial General Insurance Personal General Insurance Basic Insurance Concepts And Principles

26 Overview Of Modules REINSURANCE The MAs in the Reinsurance Track will do the same SCI Certificate in General Insurance, Certificate in Reinsurance, Diploma in General Insurance and Risk Management and Advanced Diploma in General Insurance and Risk Management programmes as the General Insurance Track MAs, please refer to Page 11 to 15 for the Overview of Modules for these SCI qualifications. CII Diploma and ACII modules for the Reinsurance Track are as follows. CII Module Cert SCI (GI) Cert SCI (RI) Dip SCI (GI & RM) Adv Dip SCI (GI & RM) 21 Overview Of Module Examination Format Examination Duration Pass Mark M97 Reinsurance It aims to provide candidates with an understanding of: different types of reinsurance - facultative, proportional and non-proportional treaties; the global marketplace for reinsurance and main market practices; the main aspects of property, casualty, marine and aviation reinsurance. 50 multiple-choice questions; and Coursework assignment comprising 10 compulsory scenariobased questions. 1 hour 65% 6 months 60%

27 Overview Of Modules REINSURANCE ACII 22 Overview Of Modules CII960 Advanced Underwriting It aims to enhance the understanding of the requirements of managing overall risk exposures and arriving at appropriate pricing to ensure fair outcomes. This unit will be beneficial to those who are highly experienced in underwriting and who are in or aspire to senior underwriting and management positions. CII945 Marketing Insurance Products And Services It aims to equip candidates with an understanding of the marketing function and its application to insurance business. This unit would be of benefit to those wishing to enhance their understanding of the development and implementation of an effective marketing strategy. CII997 Advanced Risk Financing And Transfer It aims to equip candidates with an understanding of the role that risk financing and risk transfer play in risk management. This unit would benefit insurance, broking and risk staff who wish to understand the range of options an organisation may have in dealing with the financing of risk. 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. Note : CII modules may be subject to change. Application of RPL credits can only be done after the MA obtains each of the SCI qualifications in its entirety.

28 Programme Schedule REINSURANCE MODULES BCP Basic Insurance Concepts And Principles PGI Personal General Insurance ComGI Commercial General Insurance DGI01 Legal Aspects Of Insurance DGI02 Insurance Company Operations DGI03 Commercial Property And Business Interruption Underwriting DGI04 Liability Insurance Underwriting ADGI05 Claims Management ADGI06 Risk Management ADGI07 Business And Economics CRI Reinsurance: Basic Concepts And Practices RELEASE OF STUDY TEXT DATE LECTURE DATES (9 am to 5 pm) 15 Jun 2018* Company Tutored N/A 23 Jul Jul Sep Sep Nov Jan Jan , 21, 23, 24 & 27 Aug , 11, 13 & 14 Sep , 9, 11, 12 & 15 Oct , 2, 8 & 9 Nov , 8, 10 & 11 Jan , 12, 14, 15 & 18 Feb , 12, 14 & 15 Mar 2019 EXAMINATION PREP DATES (9 am to 3 pm) 31 Aug Sep Oct Nov Jan Feb Mar Mar & 9 Jul Jul 2019 EXAMINATION DATE & TIME 16 Jul 2018 (9.00am to 9.45am) 16 Jul 2018 (10.15am to 11.30am) 23 Jul 2018 (9.00am to 10.15am) 7 Sep 2018 (2.00pm to 5.00pm) 2 Oct 2018 (9.00am to noon) 29 Oct 2018 (2.00pm to 5.00pm) 23 Nov 2018 (2.00pm to 5.00pm) EXAMINATION RESULT RELEASE DATE 16 Jul Jul Jul Sep 2018 TBC 12 Nov Dec Jan 2019 (2.00pm to 5.00pm) 8 Feb Mar 2019 (2.00pm to 5.00pm) 18 Mar Mar 2019 (2.00pm to 5.00pm) 12 Apr Jul 2019 (9.00am to 22 Jul am) M97 Reinsurance 15 Jul , 20 & 22 Aug Aug 2019 Oct 2019 # Dec 2019 # e-learning (about 2 hour 40 minutes Online Ethics Programme N/A to complete) Period: 1 Nov to 1 N/A N/A N/A Dec 2019 * Study texts will be released to the MAs through the SIs. # Exact date to be advised as the CII examination schedule is not available yet. 23

29 24 ACII MODULES (COMPANY TUTORED) CII960 Advanced Underwriting CII997 Advanced Risk Financing And Transfer CII945 Marketing Insurance Products And Services Special Activities and Talks (9.00 am to noon) Programme Schedule REINSURANCE REGISTER WITH THE CII LATEST BY 1 Apr Apr Apr 2019 COURSE WORK ASSIGNMENTS DURATION 8 Apr 2019 to 7 Apr Apr 2019 to 7 Apr Apr 2019 to 7 Apr 2020 International Exposure Programme (IEP) 17 to 31 May 2020 Other Important Dates COURSE WORK ASSIGNMENTS DUE DATE After registration with the CII for the respective modules, the CII will provide the Coursework Assignments Due Dates and URL for submission (and Re-submission, if necessary). Please note that these Due Dates are critical deadlines that must be mointored and met by the MAs. 26 Nov 2018, 8 Apr 2019, 24 Jun 2019, 9 Sep 2019, 28 Oct 2019 and 3 Feb 2020 RESULT RELEASE DATE Within 40 days of submission of assignment. Application of CII Membership imap Orientation & Signing of Student Contract Application of SII Membership Application for CII RPL Credits Application for Renewal of CII Membership DATES 2 Jul Jul Jul Jan Apr Jun 2019 DETAILS MAs to apply and pay online for the CII Membership via The imap orientation will be held from am to 4.00 pm on 23 Jul 2018 after the ComGI examination. MAs will also sign DGIRM & ADGIRM Student Contracts. MAs to complete and submit the SII application form to SII directly. MAs to apply and pay for RPL Credits for Dip SCI (GI & RM), assuming the MA passed the DGI01, DGI02, DGI03 and DGI04 examinations on the first attempt. MAs to apply and pay for RPL Credits for Adv Dip SCI (GI & RM), assuming the MA passed the ADGI05, ADGI06 and ADGI07 examinations on the first attempt. MAs to apply and pay online for the CII Membership renewal via

30 Lecturers Modules Lecturer(s) Professional/ Academic Qualifications Conferring Institution DGI01 Legal Aspects Of Insurance DGI02 Insurance Company Operations DGI03 Commercial Property And Business Interruption Underwriting DGI04 Liability Insurance Underwriting ADGI05 Claims Management ADGI06 Risk Management ADGI07 Business And Economics Michael Eu Master of Laws (Singapore) National University of Singapore Anthony Wee Bachelor of Laws (Hons) National University of Singapore Edwina Fan Bachelor of Laws (Hons) University of Bristol Graham Spriggs FCII The Chartered Insurance Institute, United Kingdom Chan Hwee Seng Affiliate Member of AICLA Australasian Institute of Chartered Loss Adjusters Tan Eng Seng Perry FCII The Chartered Insurance Institute, United Kingdom C. Nandakumar Masters of Laws University of London Joseph Kung Bachelor of Laws University of London Graham Spriggs (tentative) Graham Spriggs FCII FCII The Chartered Insurance Institute, United Kingdom The Chartered Insurance Institute, United Kingdom 25 All lecturers are lecturing on a part-time basis. ACII: Associateship, The Chartered Insurance Institute, UK The average teacher-student ratio in of each class is 1:30. FCII: CII Fellowship, The Chartered Insurance Institute, UK

31 INTERNATIONAL HALLMARK OF PROFESSIONALISM The Chartered Insurance Institute (CII) is the world s largest professional organisation for those working in the insurance and financial services industry, with over 90,000 members in the United Kingdom and across 150 countries worldwide. 26 The Associateship of the CII (ACII) is the most internationallyrecognised and widely-held professional accreditation of top professionals in the general insurance industry, and is valued as a sign of knowledge, application and commitment within the industry. In addition to professional recognition, ACII holders are entitled to the following benefits: Fast-track towards the Fellowship title (FCII), which is the highest qualification Pre-requisite for the title of Chartered Insurance Professional Course exemptions for the Masters of Science, Insurance and Risk Management from the Cass Business School (City University London)

32 Sponsoring Institutions & Career Opportunities List of Sponsoring Institutions Asia Reinsurance Brokers Pte Ltd offering Career Opportunities in... Reinsurance Broking China Reinsurance (Group) Corporation, Singapore Branch HDI Global SE Singapore Howden Insurance Brokers (S) Pte Ltd Ikatan Asia Pacific Reinsurance Brokers Pte Ltd Marsh (Singapore) Pte Ltd & Bowring Marsh Asia Pte Ltd Underwriting Actuarial Services Underwriting General Insurance Broking Reinsurance Broking General Insurance Broking Reinsurance Broking 27

33 APPLICATION & INTERVIEW PROCESS Dec 2017 to Jan 2018 MA submits CV via the imap portal. 28 Dec 2017 to Feb 2018 SI selects prospective MA for interview (notified by ). Jan to Feb 2018 Nov 2017 to Jan 2018 MA submits online Indication Of Interest Form via the imap App Selected prospective MA attends the interview. 1 Jul 2018 Jun 2018 Employment with the SI commences. SI makes offer to the successful MA. Jun 2018 Successful MA to sign the imap Terms and Conditions with the SCI. Jun 2018 Successful MA to sign the Employment Contract with the SI.

34 TERMS AND CONDITIONS 1. Examination Registration 1.1 SCI will be responsible to register the Management Associates (MAs) for the following examinations: BCP Basic Insurance Concepts And Principles PGI Personal General Insurance ComGI Commercial General Insurance DGI01 Legal Aspects Of Insurance DGI02 Insurance Company Operations DGI03 Commercial Property And Business Interruption Underwriting DGI04 Liability Insurance Underwriting ADGI05 Claims Management ADGI06 Risk Management ADGI07 Business And Economics CRI Reinsurance: Basic Concepts And Practices M97 Reinsurance (for Reinsurance Track only) 1.2 In the event that the MAs fail any of the examinations, viz BCP, PGI, ComGI, CRI, DGI01, DGI02, DGI03, DGI04, ADGI05, ADGI06 or ADGI07, the MAs will be responsible to register and pay the prevailling retake examination fees at the SCI website (www. scicollege.org.sg) for the respective examination(s). 1.3 In the event that the MAs fail the multiple choice question examination for CII M97, the MAs will be responsible to apply and pay the prevailing fee on the CII website (www. cii.co.uk) to retake the examination. In the event of a failed coursework assignment or missed assignment deadline (resulting in timeout notification), the MA is responsible to pay the prevailing fee to CII to resubmit the assignment. 1.4 The MAs (or Sponsoring Institutions [SIs]) will be responsible to register the MAs for the following company tutored, ACII coursework assignment modules: CII960 Advanced Underwriting (for GI Underwriting, Broking & RI Tracks MAs) CII990 Insurance Corporate Management (GI Underwriting & Broking Track MAs) CII995 Strategic Underwriting (GI Underwriting Track MAs) CII930 Advanced Insurance Broking (GI Broking Track MAs) CII945 Marketing Insurance Products and Services (RI Track MAs) CII997 Advanced Risk Financing And Transfer (RI Track MAs) 29

35 TERMS AND CONDITIONS 1.5 In the event of a failed coursework assignment or missed assignment deadline (resulting in timeout notification) for CII960, CII990, CII995, CII930, CII945 or CII997, the MAs are responsible to pay the prevailing fee to CII to resubmit the assignment imap Requirements 2.1 MAs will be expected: to attend all of the lectures, examination preparation classes and pass all the examinations/assessments and coursework assignments under the imap structure within 24-month from 1 July 2018, and to attain the ACII professional qualification of The Chartered Insurance Institute (CII) in United Kingdom. to write to the SCI with supporting evidence that their SI s Human Resource (HR) personnel or supervisor has been duly informed, if they are unable to attend any of the lectures/examination preparation classes. Evidence will include correspondence to the SCI, including a copy to the SI s HR personnel or supervisor. Failure to fulfil the attendance requirement and passing all the examinations will have an impact on the SI as it may not be able to make a funding claim. SCI has no authority to waive the attendance requirement set by the funding agency. to be punctual for all of the lectures, examination preparation classes, examinations and special activities. to be dressed in office attire for all of the lectures, examination preparation classes and examinations. to follow all Examination Rules and Regulations of SCI and CII. 2.2 The Monetary Authority of Singapore (MAS) requires the MAs to complete the programme components (as stipulated in the offer letter to the SIs by MAS) within the stated period, i.e. 24 months, before they can release the funding to the SIs. If the MAs are unable to complete the components within the stated time frame, MAS will need the SIs to provide reasons for the non-completion. 2.3 No substitution or exemption of module(s) under the imap structure is allowed. MAs are required to complete the programme of study according to the schedule (see

36 TERMS AND CONDITIONS pages 18 & 19 for the GI Underwriting Track and GI Broking Track and pages 23 & 24 for the RI Track). 2.4 At least three functional rotations are to be carried out for each MA. The SI will be required to furnish to the SCI, evidence after each rotation. Evidence may include a Rotation Report duly signed off by the MA. 2.5 A mentor will be assigned to the MA, and there must be at least three meetings to be organised between the mentor and the MA. 2.6 No discussion of salary or remuneration is allowed among the MAs and peers. Violation of this may result in early termination of the MA s employment with the SI. 3. The Chartered Insurance Institute (CII) Recognition of Prior Learning (RPL) The schedule for MAs to apply for the CII RPL credits are in pages 19 & 24 (assuming the MA s passed the examination on the first attempt). Do note that the RPL credits currently awarded by the CII is valid up to 31 Jan Thereafter the CII RPL credits and the completion requirements for the ACII are subject to change and review by the CII Lost Of Certificate of Attendance / Result Slips / Transcripts / Parchment MAs will be issued with Certificate of Attendance / Result Slips / Transcripts / Parchments. If the MAs misplace these documents, a fee will be charagable for a Letter of Certification to be issued. Purpose of Fee Amount payable (subject to change on a yearly basis) Letter Of Certification (LOC)* S$23.50 payable for each application Transcript + S$12.80 Payable for each application * For security reasons, The SCI does not re-issue any Certificate(s) or Result Slip(s). However, the MA may apply for and pay for a LOC that will provide documentary evidence of the MA s examination results. + The MA will be issued with a Transcript upon passing DGIRM & ADGIRM examinations. The MA may apply for a replacement transcript, if needed.

37 The SCI s DGIRM and ADGIRM programmes are registered under the Committee for Private Education (CPE) Singapore Signing Of Advisory Note & Student Contract Before registering for the Programme, the MA must first sign and return to the SCI an Advisory Note and a Student Contract with the SCI as required under the Private Education Act (Cap. 247A). The SCI will arrange for the MA to sign them in the presence of an Officer from the SCI. He or she will also go through these documents with the MA before signing them. 32 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 MA decide to withdraw from the Programme within the Cooling-Off Period, the SI must immediately submit to the SCI a written notice of withdrawal (by imap@scidomain.org.sg or post) for such a decision. As such, the Student Contract signed between the SCI and the MA will then be rescinded, and the SCI will refund all prepaid fees to the SI within 14 working days of receiving the SI s written notice of withdrawal. Substitution No substitution is allowed. Please refer to the SCI imap Portal for the administrative information relating to: Grievance Procedure/Dispute Resolution Refund Policy Course Duration for Diploma in General Insurance And Risk Management (DGIRM) and Advanced Diploma in General Insurance And Risk Management (ADGIRM) Learning outcomes and syllabus for DGIRM and ADGIRM Minimum Entry Requirements for DGIRM and ADGIRM Qualifying Requirements for DGIRM and ADGIRM

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39 TOUCHING THE WORLD ABOUT SINGAPORE COLLEGE OF INSURANCE 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 44 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 Management 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 Management 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. Singapore College of Insurance Limited 9 Temasek Boulevard, #14-01/02/03 Suntec Tower Two, Singapore Tel: (+65) Fax: (+65) imap@scidomain.org.sg Website: Singapore College of Insurance Limited CPE Registration No: M Period Of CPE Registration: From 26 September 2015 to 25 September 2019 Version 2 (14 Dec 2107)