Insurance Programmes at UNISA s Presentation to Where to from here? with Insurance Institute of Northern Gauteng Wednesday 07 February 2007 Available at: www.unisa.ac.za/iisa (in PDF format) Frank van der Meer FCIIF CII FIISAIISA Chartered Insurance Practitioner SA Lecturer Insurance and Project Leader Insurance Programmes Dept Finance, Risk Management and Banking UNISA STEPPED APPROACH Changes from 2005 Advanced Diploma in Insurance Management Diploma in Insurance Higher Certificate in Insurance Intermediate Certificate in Business Studies NQF 7 Difficulties and onerous requirements for registration as a Private Higher Education Institution results in transfer to Certificate of Proficiency NQF 3 of Senior Qualifications in all disciplines at both NQF levels 5 and 6 (i.e HCiI and DiI) Source: SAARDHE, 2003 UNISA NQF5 Programmes Short Term Ins Life Insurance (Advisory/Intermediary) NQF5 (1 st Year Varsity/ Diploma level) Long Term Ins Life Servicing (Administration) Retirement Fund Management 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) 1
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 insurance credits 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 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 2
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 3
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 assignment for admission to examination Examination at 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 ONLY to: 086 693 7433 or iisa@unisa.ac.za 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 4
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 Room 02-37, AJH van der Walt Building UNISA, PRETORIA Tel: 012 429 4037 Fax: 086 693 7433 Email: iisa@unisa.ac.za 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 Room 03-20, AJH van der Walt Building UNISA, PRETORIA Tel: 012 429 3726 Fax: 086 642 2129 Email: vdmeef@unisa.ac.za Webpage: http://www.unisa.ac.za/iisa 5