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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- Higher Certificate in Short-Term Insurance (NQF 5)
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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
Click here for fees, payment options and finance providers.
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: 27 January 2025
Semester 2: 30 June 2025
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.
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QUALIFICATIONS
- Postgraduate Diploma in Financial Planning (NQF 8)
The qualification is designed to provide advanced financial planning skills, knowledge, attitudes and values in the areas of Financial Management, Asset Management, Investment Planning, Risk Management, Tax Planning, Retirement Planning, Estate Planning and Ethics in order to produce graduates to meet the growing need for financial planning professionals in SA.
- Advanced Certificate in Financial Planning (NQF 6)
The Advanced Certificate in Financial Planning (ACFP) provides the skills and knowledge required to provide holistic financial planning services to the ‘man in the street’ and prepares you for further specialised studies in financial planning. The ACFP also addresses the education requirement to obtain the FINANCIAL SERVICES ADVISOR™ (FSA™) designation awarded by the Financial Planning Institute of South Africa (FPI). Please visit: www.fpi.co.za for more information on ‘a career in financial planning’.
- Occupational Certificate: Compliance Officer (NQF 6)
Companies and organisations are required to comply with various regulations and legislative requirements. Moonstone Business School of Excellence’s Occupational Certificate: Compliance Officer (NQF level 6) qualification equips students with these expert skills, and practical experience in legal matters, compliance risk management as well as the compilation, implementation and reporting of compliance strategies.
- Higher Certificate in Wealth Management (NQF 5)
The Higher Certificate in Wealth Management (HCWM) provides an ideal entry point into the financial services industry in various roles, or to kickstart your career in financial planning. The HCWM is recognised by the Financial Services Conduct Authority for all product sub-categories of Category I FSPs, and can be used to fulfil fit and proper requirements for FAIS roles in Category I FSPs.
- 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.
- Further Education and Training (FETC): Short Term Insurance (NQF 4)
The qualification covers Short-term related learning and provides a framework for students to develop competencies that will give them insight into the Short-term insurance sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will ready them for the industry.
- Further Education and Training (FETC): Wealth Management (NQF 4)
The Qualification is a holistic introduction to Wealth Management and Wealth Creation. It enables intermediaries to understand the Wealth Management environment, the legislative requirements and product-related information. Our qualification is aimed at students with less than four years’ experience, newcomers to the industry, or those who have lots of experience, but would like to brush up on their product knowledge. We developed the Skills Programmes, covered in this qualification, to provide intermediaries with more options to comply with the requirements of the FAIS Act.
Short Courses
- National Credit Act
The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a number of objectives, most of which are to benefit and protect the consumer. The aim is to introduce a single, functional system of regulation that will apply to all credit activities, thereby ensuring that all credit providers and credit consumers are treated equally.
- FICA Courses
FICA is a crucial piece of legislation in South Africa. Its primary purpose is to combat financial crimes, including money laundering, fraud, tax evasion, terrorist financing activities, and identity theft. To be FICA compliant in South Africa, both organizations and individuals need to adhere to specific requirements and obligations.
- POPIA Courses
The Protection of Personal Information Act (PoPIA) is South Africa’s data protection law. The purpose of the legislation is to ensure all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information, by holding them accountable should they abuse or compromise personal information in any way.
- Entrepreneurship
An entrepreneur is someone who creates new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying business opportunities and assembling the necessary resources, structures and procedures to capitalize on those opportunities.