Higher Certificate in Short-Term Insurance (NQF 5)

Higher Certificate in Short-Term Insurance (NQF 5)

The qualification covers Short-term Insurance related learning and provides a framework for students to develop competencies that will give them insight into the short-term sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will prepare them for the industry.

What will the qualification enable you to do?

The skills, knowledge, values, and attitudes acquired in the course can serve as building blocks for advancement in the short-term insurance arena or for further graduate studies.

This qualification is designed to contribute to the student’s employability and marketability in the formal, financial services sector, thereby contributing to the economic and social up-skilling of the South African workforce.

Who Should Apply?

Students employed in the short-term insurance industry who are required to identify a client’s needs through a comprehensive risk analysis process and who is capable of developing a risk management plan that will assist the client to mitigate, avoid or manage the identified insurance risks.

Admission Requirements

National Senior Certificate (NSC) or appropriate equivalent, that will have provided students with the required literacy, numerical ability, and competence to undertake studies at NQF Level 5

Duration

Full Time: One year
Part Time: Two years

Fees

Payment is made per Module. A discount will apply if the year’s modules are paid upfront.
Please contact our office for more information: help@mbse.ac.za

Important Dates

Applications:
Applications for Semester 1 close on 31 January 2022
Applications for Semester 2 close on 27 June 2022

Registrations:
Registrations for Semester 1 close on 7 February 2022
Registrations for Semester 2 close on 4 July 2022

Method of Training

Online and distance learning (Material and submission will be done online) Click here for more info

Learning Material

Students will have online access to their study material which will include a study guide, self- assessments and relevant additional resources.

Content

Students complete six compulsory modules.

1. Fundamentals of Insurance
20 Credits
The purpose of this module is to provide an introduction to the insurance industry, its history, the types of insurance available and the influence of economics and behavioural finance on short-term insurance.

2. Risk Management
20 Credits
The purpose of this module is to provide students with knowledge and understanding of Risk Management to enable them to select and apply the appropriate strategy for a Short-term Insurance client scenario.

3. Personal Insurance
20 Credits
The purpose of this module is to provide students with an understanding of the principles underlying Short Term Insurance: Personal Lines and reinsurance to enable students to manage client relationships including maximising client retention.

4. Commercial Insurance
20 Credits
The purpose of this module is to provide students with an understanding of the principles underlying Short Term Insurance: Commercial Lines and the different products and services to enable students to manage client relationships including maximising client retention.

5. Legal framework
20 Credits
The purpose of this module is to provide students with an understanding of the Legal Framework that will enable students to apply legislation, codes of conduct and business ethics to the various stakeholders in the short-term insurance industry

6. Claims Management and Underwriting
20 Credits
The purpose of this module is to provide students with an understanding of claim’s management and underwriting processes, and pricing applicable to Short Term Insurance.

  • This qualification is offered on a Full-time and Part-time basis.
  • To be considered a full-time student, you must be enrolled in modules totalling 60 credits in a semester and 120 credits in the academic year. If you are enrolled in modules totalling less than 120 credits across the academic year and less than 60 credits in a semester, you are considered to be part-time student.
  • Full-time students can complete the qualification in one Academic year and Part-time students can complete it in 2 Academic years.
  • The modules will be completed as per schedule below:

Schedule

1. Fundamentals of Insurance
Full-Time students: Semester 1
Part-Time students: Semester 1

2. Personal Insurance
Full-Time students: Semester 1
Part-Time students: Semester 1

3. Risk Management
Full-Time students: Semester 1
Part-Time students: Semester 2

4. Commercial Insurance
Full-Time students: Semester 2
Part-Time students: Semester 3

5. Legal Framework
Full-Time students: Semester 2
Part-Time students: Semester 3

6. Claims Management and Underwriting
Full-Time students: Semester 2
Part-Time students: Semester 4

Assessments

Students will have to complete online Formative Assessments and a final invigilated written Summative Assessment for each module.

How to Apply?

Accreditation and Certification

Moonstone Business School of Excellence (Pty) Ltd acknowledges that, certification in vocational education and training and the content of the certificate, are regulated by the National Board of Education and governed by the Higher Education Act, 1997 (Act No 101 of 1997) as well as Regulation 1 of the Regulations for the Registration of Private Higher Education Institutions, 2002 (hereafter referred to as “the Regulations”).

120 credits
(SAQA ID: 118276)

overview

Closing Dates for Application:
Semester 1: 31 January 2022
Semester 2: 27 June 2022

Method of Training:
Online and distance learning

Qualification Duration:
Full-time: One year
Part-time: Two years

Admission Requirements:
National Senior Certificate (NSC) or appropriate equivalent, that will have provided students with the required literacy, numerical ability, and competence to undertake studies at NQF Level 5

Fees:
Click here for fees, payment options and finance providers.

The qualification covers Short-term Insurance related learning and provides a framework for students to develop competencies that will give them insight into the short-term sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will prepare them for the industry.

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