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Insurance Programmes at UNISA’s Centre for Business Management Presentation to Where to from here? with Insurance Instit

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 F CII F IISA

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Insurance Programmes at UNISA’s Centre for Business Management Presentation to Where to from here? with Insurance Instit

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  1. 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)

  2. 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

  3. STEPPED APPROACH NQF 7 NQF 3 Source: SAARDHE, 2003

  4. 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)

  5. UNISA NQF5 Programmes

  6. 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)

  7. IISA Programmes in InsuranceCurriculum 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

  8. UNISA 2007Admission 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

  9. 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 haveMatric/Senior Certificate • (ie may study at UNISA’s CBM)

  10. 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.

  11. 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

  12. IISA Programmes in Advanced Ins PracticeCurriculum 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

  13. 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

  14. 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

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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)

  20. 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

  21. 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

  22. 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

  23. 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 7433oriisa@unisa.ac.za

  24. 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

  25. 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)

  26. 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

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

  28. 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

  29. 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: vdmeef@unisa.ac.za Webpage:http://www.unisa.ac.za/iisa

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