Insurance Programmes at UNISA s

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Insurance Programmes

at UNISA

’

s

Centre for Business Management Centre for Business Management

Presentation to

Where to from here?

with

Insurance Institute of Northern Gauteng Insurance Institute of Northern Gauteng

Wednesday 07 February 2007 Wednesday 07 February 2007 Available at:

Available at: www.unisa.ac.za/iisawww.unisa.ac.za/iisa

(in PDF format)

Frank van der Meer F

CIICII

F

IISAIISA Chartered Insurance Practitioner Chartered Insurance Practitioner_SA_SA Lecturer

Lecturer ––InsuranceInsurance

and

Project Leader

Project Leader ––Insurance ProgrammesInsurance Programmes

Dept Finance, Risk Management and Banking

Centre for Business Management

UNISA

Certificate of Proficiency Intermediate Certificate in Business Studies

Higher Certificate in Insurance Diploma in Insurance

Advanced Diploma in Insurance Management

NQF 3 NQF 7 STEPPED APPROACH Source: SAARDHE, 2003

Changes from 2005

Difficulties and onerous requirements for registration as a Private Higher Education

Institution results in transfer to

of Senior Qualifications in all disciplines at both NQF levels 5 and 6 (i.e HCiI and DiI)

UNISA NQF5 Programmes

NQF5 (1st_{Year Varsity/}

Diploma level)

Short Term Ins Long Term Ins Retirement Fund_Management

Life Insurance (Advisory/Intermediary) Life Servicing (Administration)

UNISA NQF5 Programmes

• IISA Programme in Short Term

Insurance (7149-8)

• IISA Programme in Life Insurance

(7150-1)

• IISA Programme in Retirement Fund

Management

(7151-X)

• IISA Programme in Life Insurance

Servicing (7152-8)

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IISA Programmes in Insurance

Curriculum for 2007

• 1 Compulsory Subject

– Legal Framework of • Short-Term Insurance, or • Life Insurance, or

• Retirement Fund Management

• 4 Elective Subjects

– From limited range per discipline

• 120 SAQA Credits at NQF 5

UNISA 2007

Admission Requirements

• NQF Level 5 Programme

– Matric, or

– Equivalent SAQA registered/certified NQF 4 Qual. (Senior Certificate) AND – 24 insurancecredits at NQF 4,

OR

– IISA’s ICiBS

2007 UNISA Programmes

Special Interim Arrangements:

• Admission Exam

for admission to the Level 5 Programmes

‘Introduction to - Short-Term/Long Term Insurance/ Retirement Funds’

NB This is a non-credit bearing exam

If,

• You do not have the 24 NQF 4 insurance credits, or ICiBS

• But, you must have Matric/Senior Certificate – (ie may study at UNISA’s CBM)

2007 Admission Options

New Student now has a choice:

• Do CoP and ICiBS, or similar

– then come to UNISA

• or Sit the Admission Test/Exam

– start with UNISA immediately Deciding factor likely to be level of experiential learning (workplace experience) and/or education/maturity.

Programme in Advanced

Insurance Practice

Level 6 Programme

Admission requirements

At least a completed Level 5 qualification in insurance of

at least 120 SAQA credits

IISA Programmes in Advanced Ins Practice IISA Programmes in Advanced Ins Practice

Curriculum 2007

• 2 Compulsory Subjects

– Risk and Insurance – Principles of

• Life Insurance (Short-term Ins Students) • Short-Term Insurance (Life Ins Students)

• 3 Elective Subjects

– From range of subjects

• 120 SAQA Credits at NQF 6

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2007 Prescribed Material

Supplied by UNISA

• Various Tutorial Letters

– Incl 101 and 201 and others

• Various Letters

– (Welcoming, Inventory etc)

Available from Insurance Institute

• Prescribed learning material

2007 Programmes

• Assignment 01 remains self-evaluation • Assignment 02 due June/July

– Now counts 10% of year mark and to be done under simulated exam conditions

• Study Material incorporates traditional Supplement

– Tutorial Letter 501 if major changes

• Legislation as at end-Sept applies • Learning material by IISA

– UNISA branded and per standard UNISA format

2007 UNISA CBM 2007

‘

Rules

’

• Up to three module entries allowed

≥4 subjects need approval, and subject to past

academic performance portfolio, non full-time employment, etc

• Examination sub-minimum required for

awarding of supplementary exam

– Possibly 30% in 2007 – and 45% in 2008

• Aegrotat and Special Exams application

≤

ten days of exam date

2007 Programmes

General Agreements

• 1 for 1 credit for IISA/CoI subjects passed

• NQF 5 Programme to be completed

before start of NQF6 Programme

– (Normally allowed to do first subject in NQF 6 in same exam session as last subject NQF5)

• UNISA 2004 SPFA assessment gives

admission to NQF5 Programme

2007 UNISA Programmes

General Conditions

• Unless MoU in place – formal written

application for exemption required

– Need to prove at least 80% coverage of syllabus

• Withdrawal from Programme % of Fees

forfeited

• Deferral of subjects to next year allowed

– once only - no refund – credit Student Account

UNISA Programmes General

• UNISA Programmes FAIS compliance

compatible

– in terms of latest ‘Fit and Proper’ requirements

• Subject lecturers ‘introduced’ and available – Contact possible via telephone or email

• UNISA Programme staff available between 08:00 and 13:00

– Personal visits/interviews by appointment • Range of facilities via myUnisa

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UNISA Programmes General

• Certification at UNISA certificate

ceremony –

eligible for Licentiate/Associateship

• Certification includes IISA credits

– if submitted/recorded via Academic Extract

• Formal occasion

– (black gown, but no paste board, or ribbons)

• Performance details to IISA for annual

Conference and prizes

(if applicable)

Fellowship Programme

• Former ADiIM unacceptable to UNISA • Final exams held by Col in September 2006 • Planning Post Grad Dip in Financial Services

– Possibly only 2009 or later with IoB Programme

• Student can/should consider UNISA’s Advanced Programme in Risk Management

– (7158-7) by Prof Gawie du Toit – Two-year programme

• Dissertation would still be a requirement

UNISA Method of Instruction

Distance Learning

• Allows student to pace him/herself • Instruction medium English, but

assignments and exams may be answered in Afrikaans

• One compulsory assignmentfor admission to examination

• Examinationat one of 517 UNISA exam centres worldwide

UNISA Duration of Programme/Module

Annual Programme

• Allows students to enrol/register annually

– 15 November to 28 February

• Programme officially starts on 01 March • Examinations annually in October/November • Supplementary examinations in May

NB If not completed during the registered year, student must apply for re-registration at full fees and possibly new study material.

•Includes non-award of supplementary exam

2007 Registration Requirements

Module Registration - UNISA • Completed Application for Registration

– Download from web page

• Copy of ID (passport non SA citizens) • Copy of Matric/Senior Certificate • Proof of 24 NQF 4 insurance credits • Copy of IISA academic extract if applicable

Fax or email ONCE ONLYto:

• 086 693 7433

or

[email protected]

2007 Study Fees/Costs

Module Registration - UNISA • NQF 5 Programmes – R1 150 ea • NQF 6 Programme - R1 250 ea

– Supplementary Exam – R110 (May 2007) – SADEC Surcharge R275 @ subject – International Surcharge R590 @ subject

Prescribed Learning Material - IISA Per Subject (all levels) R225 ea

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UNISA Examinations

• 3-hour papers

• Closed book examinations

• At least 30% of paper is made up of elective questions

• Prog in Adv Ins Practice elective subjects have compulsory case study of 25% • Structure of paper and ‘rules’ for

supplementary in Tutorial Letter 201 (± August)

Study and Exam Preparation

• Programmes designed to require ± 130 to 150 hrs of

study per module

– ie assumed ± 90 - 110 hrs prior knowledge/experience

• Over six months = 5 - 6 hours @ week per module • Compulsory assignment 2 months prior to exams • Compulsory assignment = 10% of year mark

‘Loneliness: The plight of the distance learner in

the insurance industry’

Frank van der Meer, SAARDHE, 2003

IISA Programmes in Insurance

Dept of Finance, Risk Management and Banking Centre for Business Management

Room 02-37, AJH van der Walt Building

UNISA, PRETORIA

Tel: 012 429 4037 Fax: 086 693 7433 Email: [email protected]

Webpage:http://www.unisa.ac.za/iisa

If you don't study,

you won't know.

If you don't know,

you won't care.

If you don't care,

you won't do.

If you don't do,

you just won't do.

Frank van der Meer, Study Methods, 1993

Frank van der Meer

Dept of Finance, Risk Management and Banking Centre for Business Management

Room 03-20, AJH van der Walt Building

UNISA, PRETORIA

Tel: 012 429 3726 Fax: 086 642 2129 Email: [email protected]