NQF Level 5 | NLRD ID: 91784
Who will benefit from the programme?
The Occupational Certificate for Insurance Agents prepares individuals to evaluate and interpret information to protect stakeholders’ interests by using specialist technical knowledge to determine, price, manage and transfer risk.
This qualification is made up of the following compulsory Knowledge and Practical Skill Modules pitched at an NQF Level 5. It is broken down into 48 credits of Knowledge Modules, 40 credits of Practical Skill Modules and 68 credits of Work Experience Modules.
The minimum entry requirements for admission are:
- Learners should have an NQF Level 4 Qualification.
Articulation: Individuals with this qualification should be able to articulate vertically to an Advanced Certificate or a Diploma at NQF Level 6 in any of the related areas, including finance, selling, real estate and insurance. Vertically, they should be able to articulate with any other qualification at NQF Level 5 with cross-cutting credits in the knowledge specifications.
Assessment is both formative and summative and includes:
- Individual, group exercises and tasks
- Portfolio of evidence of workplace application
The profession exists in all the major sub-sectors, namely short-term, long-term, medical and professional bodies. Expert practitioners from all sub-sectors and professional bodies (IISA and ASISA) have been asked to participate in development. The end-qualification is broad enough to represent all three sub-sectors.
- Apply and adhere to operational and administrative procedures and practices
- Evaluate risk information to determine risk profile and manage risk exposure.
- Understand and apply basic legal and insurance principles to underwriting recommendations.
- Understand and apply knowledge of product and pricing to underwrite profitable risks.