Are you interested in pursuing a career in the short-term industry? Are you currently and needing a full qualification to meet the competency requirements for FAIS Fit and Proper purposes? Or are you wanting to apply for the designation of Licentiate (LIISA) awarded by the IISA? Then you need look no further, Milpark Education’s Higher Certificate in Short-term Insurance is the solution for you!
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.
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).
Once you have completed this programme, you will be able to:
The primary purpose of the Higher Certificate in Short-term Insurance is to equip students with the knowledge and skills required by short-term insurance specialists operating within the South African insurance environment. Students will be competent and able to provide short-term insurance services and advice across the fields of personal and commercial insurance.
The Higher Certificate in Short-term Insurance appears on the Financial Sector Conduct Authority (FSCA) list of recognised qualifications for FAIS Fit and Proper purposes. On completion of selected* modules**, students may apply to receive a letter of completion for the following Class of Business training as per BN194 of the FAIS Act***:
|Module(s) completed||Class of Business Training completed|
|Personal Lines Insurance and Legal Framework||Short-term Insurance: Personal Lines|
|* Both Personal Lines Insurance and Legal Framework must be completed in order to qualify for the letter of completion.
** Please contact [email protected] for the application of the Class of Business Credit Accumulation and Transfer (CAT) form.
***Please note: modules completed towards a qualification do not qualify for CPD points.
This qualification will allow students to apply for professional membership of the Insurance Institute of South Africa (IISA) in the designation category of Licentiate of the Insurance Institute of South Africa, provided that all other requirements are met.
Application forms and the requirements for membership are available on the IISA’s website (www.iisa.co.za). This qualification will also allow students to apply for Recognition of Prior learning with the international Charter Insurance Institute (CII), which includes the designation Cert CII, by completing one additional module with the CII. (https://www.ciigroup.org/en/)
The programme would be suitable for:
Successful completion of this qualification should enable the student to:
|Module name||Offered in||C/E||Credits|
|Personal Lines Insurance||Both semesters||Compulsory||25|
|Legal Framework||Both semesters||Compulsory||25|
|Commercial Lines Insurance||Both semesters||Compulsory||25|
|Risk Management||Both semesters||Compulsory||15|
|Business Management||Both semesters||Electives –
Introduction to Underwriting
Relationship Management in Short-term Insurance
For entry into the Higher Certificate in Short-term Insurance, candidates require a Senior Certificate (SC) or a National Senior Certificate (NSC), as certified by Umalusi, with a minimum mark of 40% in English, the language of instruction at Milpark Education.
Any applicant who has a certificate other than a South African National Senior Certificate has to provide:
Milpark admits a small number of students onto its programme via Recognition of Prior Learning (RPL). Applicants interested in applying via RPL will be considered individually by the relevant Head of School.
|Admissions Close: 2 February 2024|
|Registrations Close: 19 February 2024|
|Admissions Close: 28 June 2024|
|Registrations Close: 29 July 2024|
Follow your Higher Certificate with an Advanced Certificate in Short-term Insurance, and possibly take on your BCom degree?