Advanced Certificate in Short-term Insurance

Short-term insurance specialists require a sound understanding of the business and regulatory environment within which they operate in order to develop a suitable risk management strategy for their clients using specialist insurance products.

This qualification will provide specialists with an in-depth understanding of the economic, business and regulatory environment. Risk management within a specialist insurance environment will be explored from the analysis stage to the development of a risk management strategy using specialist insurance products. Claims and Underwriting practice will also be considered as separate specialist disciplines within insurance.

Completion of the Advanced Certificate in Short-term Insurance qualification allows students to apply for professional membership to the Insurance Institute of South Africa (IISA) for the designation of Associate of the Insurance Institute of South Africa (AIISA).

The Advanced Certificate In Short-term Insurance is aimed at the following careers:

• Claims specialists
• Underwriting specialists
• Managers in specialist departments
• Insurance officers and brokers.

On successful completion of this qualification, students will be able to:

• Assess potential legal liability for a situation and recommend a suitable insurance product to address the need.
• Apply knowledge of legislation, compliance and ethics in a short‐term insurance context in South Africa.
• Demonstrate an in‐depth understanding of the identification and management of risk within the context of short‐term insurance.
• Demonstrate insight into the business environment as it impacts on short‐term insurance.
• Demonstrate insight into the purpose and structure of short‐term insurance products as well as the underwriting and claims processes involved.

The qualification consists of 120 credits and students are required to complete 4 compulsory modules and 2 electives.

COMPULSORY

• Regulatory Environment and Liability Insurance (S1 and S2)
• Risk Management (S1)
• Business Environment (S1 and S2)
• Claims and Underwriting Practice (S2)

ELECTIVES

Select two

• Motor Insurance (S1)
• Commercial Property and Business Interruption Insurance (S1)
• Reinsurance (S2)
• Business Management 2B OR Marketing Management Practice

S1 denotes Semester 1, S2 denotes Semester 2