Transcript The University of South Africa

Insurance Programmes
at UNISA’s
Centre for Business Management
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 FCII FIISA
Chartered Insurance Practitioner SA
Lecturer – Insurance
and
Project Leader – Insurance Programmes
Dept Finance, Risk Management and Banking
Centre for Business Management
UNISA
STEPPED APPROACH
Advanced Diploma in Insurance Management
Diploma in Insurance
Higher Certificate in Insurance
Intermediate Certificate in Business Studies
Certificate of Proficiency
Source: SAARDHE, 2003
NQF 3
NQF 7
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
Life Servicing
(Advisory/Intermediary)
(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)
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
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
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 [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
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]
Webpage: http://www.unisa.ac.za/iisa