IISA Membership Levels & Suggested Qualification Stream 2015

1 The Insurance Institute of South Africa NPC study track 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 413264 Craighall 2040. Tel: 0861 00 4472 / Fax: 0861 01 4472 or +27(0) 11 325 0606. E-mail: / Web: IISA Membership Levels & Suggested Qualification Stream 2015 . Programme in Risk Management 108 Credits @ NQF Level 6. IISA Introductory IISA Programme Programme Programme in Adv in Advanced in Short Term Insurance Insurance Practice Insurance Practice for Associateship 60 Credits @ NQF 6 60 Credits @ NQF 6 108 Credits @ NQF 6. Higher Certificate in Short Term National Certificate in Short Term Insurance Insurance 120 Credits @ NQF Level 5 120 Credits @ NQF Level 5. IISA Introductory IISA Programme Programme in Insurance in Insurance 60 Credits @ NQF Level 5 60 Credits @ NQF Level 5.

2 Elements of Insurance COP and ICIBS INSETA Certificate in 12 Credits @ NQF Level 5 84 Credits @ NQF Level 4 Short Term Insurance 120 Credits @ NQF Level 4. As approved by SAQA. Version: 27 October 2014. IISA Membership & Qualification Stream Page 2 of 6. STEP 1 Option A Certificate of Proficiency plus Intermediate Certificate in Business Studies Certificate of Proficiency (CoP). Subjects One subject, chosen from three possible streams: Subject Description Credits Short Term Insurance 12 credits @ level 4. Long Term Insurance An introduction to the insurance environment 12 credits @ level 4. Retirement Funds 13 credits @ level 4. Accreditation Historically an industry recognised certificate awarded by the College of Insurance, containing SAQA-recognised credits. Presented by College of Insurance; or Botswana Accountancy College (not SAQA recognised).

3 Who should do this programme? 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). Subjects Four subjects, including a second specific technical Stream subject Subject Description Credits Short Term or Long Term Insurance A more detailed overview of products and practices 24 credits @ level 4. Business Calculations Applied Mathematics 16 credits @ level 4. Business Communications Practical English skills 20 credits @ level 4. Business Organisation/Financial Literacy Basics of key business and personal financial skills 12 credits @ level 4.

4 Accreditation Historically an industry recognised certificate awarded by the College of Insurance, containing SAQA-recognised credits. Presented by 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. IISA Membership Satisfies the academic requirements for election as a Member of the IISA. Who should do this programme? Ideal for those seeking a more detailed knowledge of the products and processes used in the industry. IISA Membership & Qualification Stream Page 3 of 6. STEP 1 Option B IISA Short Course in Elements of Short Term (phasing out in 2015 ).

5 Subjects One subject, chosen from three possible streams: Subject Description Credits Elements of Short Term Insurance An Introduction to Short Term Insurance 12 credits @ level 5. Accreditation An industry recognised certificate awarded by Unisa CBM, containing SAQA-recognised credits. Presented by Unisa Centre for Business Management IISA Membership Satisfies the academic requirements for election as a Member of the IISA. Who should do this programme? 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 Subjects Six subjects, chosen from two possible streams: Qualification Description Credits SAQA ID.

6 FET Certificate in Short Term Insurance An introduction to Short Term Insurance 140 credits @ level 4 66610. Current and basic business skills FET Certificate in Long Term Insurance An introduction to Long Term Insurance and 140 credits @ level 4 49649. basic business skills National Certficate in Short Term Insurance 120 credits @ level 4 21796. National Certficate in Risk Management 140 creidts @ level 4 24396. Past National Certficate in Wealth Management 120 credits @ level 5 57608. FET Certificate in Short Term Insurance 140 credits @ level 4 49929. Accreditation An industry recognised full Qualification awarded by an INSETA Accredited Training Provider, containing SAQA-recognised credits. Presented by An INSETA Accredited training provider. IISA Membership Satisfies the academic requirements for election as a Member of the IISA.

7 Who should do this programme? Ideal for those seeking a more detailed knowledge of the products and processes used in the industry. IISA Membership & Qualification Stream Page 4 of 6. STEP 1 Option D IISA Programme in Insurance (phasing out in 2015 ). Subjects 10 semester modules comprising a total of 120 credits @ 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). Description Practical applied subject matter. Why progress to this level? For those who are seeking a deeper understanding of practical, applied subject matter in various fields. IISA Membership Satisfies the academic requirements for election as a Member of the IISA. Presented by: UNISA Centre for Business Management FSB Recognition Recognised as Qualification number 669 on the FSB's published list of qualifications as generic to all product categories Who should do these programmes?

8 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 Subjects Full Qualification comprising of 6 subjects, granting a total of 120 credits @ level 5. Accreditation SAQA ID 83526 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. Description Practical applied subject matter. Why progress to this level? For those who are seeking a deeper understanding of practical, applied subject matter in various fields of short term insurance. IISA Professional Membership Satisfies the academic requirements for election as a Licentiate Member of the IISA.

9 Presented by: Milpark Education (Pty) Ltd FSB Recognition 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. IISA Membership & Qualification Stream Page 5 of 6. STEP 2 Option B National Certificate in Short Term Insurance Subjects Full Qualification comprising of a total of 120 credits @ level 5. Accreditation SAQA ID 57918 quality assured by INSETA. Description Practical applied subject matter.

10 Why progress to this level? For those who are seeking a deeper understanding of practical, applied subject matter in various fields of short term insurance. IISA Professional Membership Satisfies the academic requirements for election as a Licentiate Member of the IISA. Presented by: Insurance Learning Academy FSB Recognition 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. IISA Introductory Programme + Programme in Advanced Insurance Practice (phasing out in STEP 3.)