Higher Certificate in Short-term Insurance

The Higher Certificate In Short-term Insurance provides students with the required knowledge to navigate within the South African regulatory environment as a short-term insurance specialist within the areas of personal and commercial lines insurance. This qualification will also allow students to apply for professional membership of the Insurance Institute of South Africa (IISA) in the designation category of Licentiate (LIISA).

The South African short-term insurance industry is constantly changing with legislative changes being introduced to enhance service delivery and to improve customer protection. The economic landscape presents its own challenges and clients' demands are ever increasing due to access to technology and information.

Short-term insurance practitioners therefore need to ensure that they have the required knowledge and skills to deal with this environment. This qualification will provide students with the required knowledge to operate as short-term insurance specialists within the fields of Personal and Commercial Lines Insurance.

Critical skills areas such as risk management and underwriting principles will be introduced with compliant client relationship management a further focus area of this qualification.

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

• Short-term Insurance brokers
• Administrators
• Broker consultants
• Financial planners and brokers who want to generate an income from short-term insurance business.

The qualification will benefit both entrepreneurs who want to start-up their own financial planning businesses or individuals who are employed within the Short-term Industry

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

• Apply knowledge of legislation, compliance and ethics in a short‐term insurance context in South Africa
• Examine the nature of the short‐term insurance environment in South Africa in terms of structure, role‐players, regulation and consumer needs
• Apply knowledge of legislation, risk management principles, reinsurance practices and underwriting principles to propose a short‐term insurance solution to a client
• Apply the principles of a client relationship management in a compliant manner in the context of short‐term insurance

This qualification consists of 4 compulsory modules and 2 elective modules.

COMPULSORY

• Legal Framework
• Risk Management
• Personal Lines Insurance
• Commercial Lines insurance

ELECTIVES

Select two

• Marine and Aviation
• Construction
• Engineering
• Business Management