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Introduction to Short Term Insurance: Personal lines

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Description

Learning Options

Distance Learning (Full Payment) – P1,800
Distance Learning (Installments) – P600
One Day A Week – P3,900

Introduction to Short Term Insurance: Personal Lines

Programme: Introduction to Short Term Insurance: Personal lines
Awarding Body: Botswana Qualifications Authority
Course type: Short Course Level 3.
Duration: 12 weeks but may be less depending on delivery method selected
Facilitation sessions: 6 full day facilitation contact sessions over the 12 week period
Venue: Venue for facilitation sessions to be confirmed

 About the NBFIRAs Insurance Prudential Rules:

Historically, there was no clear legislated registration or qualification requirement for insurance brokers/agents/representatives. Anyone could work in the Insurance industry, selling insurance, giving financial advice, administering insurance policies, attending to insurance claims and so on. The only real requirement was that an insurance company should be involved.

Consequently, while a large number of the insurance industry representatives may have been well qualified, some intermediaries may have only had on-the-job training and no formal qualifications or certification.

The NBFIRA’s Insurance Prudential Rules (IPRs) set out the prudential requirements for regulated insurers and intermediaries operating in Botswana. The IPRs were put in place in order to assist intermediaries in the effective discharging of their professional duties towards both insurers and consumers. The IPRs set the level of qualifications required of intermediaries in the insurance sector.

Course Overview:

This course provides the participant with an overview of the basic principles of insurance as applied within the short term insurance sector. It gives a detailed introduction to the various short term insurance products available in the market, the benefits of each and to the legislation that regulates short term insurance sector. We conclude this course by taking participants through the process of identifying how different consumer needs lead to the development of different short term insurance products.

This course meets the minimum qualification requirements required for COP recognition.

Topics covered:

We cover the following topics on the course;

  • Introduction to the law of contract to insurance
  • Introduction to the Insurance Industry Act and the NBFIRA Act
  • Demonstrate knowledge of insurable risk
  • Describe short term insurance
  • Indicate how different needs lead to the development of different Financial Service products
  • Apply knowledge and understanding of personal accident insurance
  • Apply knowledge insurance of household contents
  • Apply knowledge of personal all risks insurance
  • Demonstrate knowledge and understanding of personal motor insurance
  • Demonstrate knowledge and understanding of house owners insurance
  • Underwrite a standard risk in short term personal insurance

Who should enrol?

This qualification is intended for students in Short term insurance who advise on selected insurance products. It is intended for students in personal lines and business/commercial lines Insurance who advise on selected Insurance products It is also aimed towards students who have followed a career path in the Short Term Insurance sub-sector, and have no formal qualification in their area of specialisation.

This course is also a first step for students who have attained a Botswana General Certificate of Secondary Education Examination (BGCSE) and wish to continue on a path of life-long learning specialising in Short Term Insurance.

Download the course full course brochure for this course here.

Additional information

Learning Options

Distance Learning (Full Payment), Distance Learning (Installments), One-day-a week

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