SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Analyze new developments reported in the media that could impact on long-term insurance 
SAQA US ID UNIT STANDARD TITLE
118011  Analyze new developments reported in the media that could impact on long-term insurance 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended to promote general knowledge and understanding of current affairs in the field of Long Term Insurance in order to ensure knowledgeable and informed workers in the industry. It addresses a broad base of medical and health related knowledge and requires the analysis of current affairs as they could impact on wellness and life expectation. It requires learners to make connections between the long term insurance sector and current events that could impact on the industry. It provides the opportunity for learners to integrate knowledge learnt in other Unit Standards and current events as they occur so that they begin to apply their knowledge of the industry in authentic situations. It is intended that this Unit Standard should be based on events as they happen and the Unit Standard is therefore not intended for the application of RPL. The focus is on prediction and anticipation of events rather than on historical research after the event. Portfolio assessment over a period of at least six months is required.

The qualifying learner is capable of:
  • Analysing articles and reports relating to the changing nature of the Long Term Insurance industry in South Africa.
  • Analysing developments in technology that could impact on the administration of long term insurance.
  • Interpreting the effect of innovations in medical treatment and drug development on one of the sub sectors of long term insurance.
  • Investigating the spread of diseases in Africa as reported in the media. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is:
  • Articles from medical and insurance journals and publications, news from daily or weekly newspapers, television or radio newscasts, electronic or other news media. Learners are not expected to access information from dedicated medical journals.
  • Long term insurance means Life Insurance, Healthcare Benefits Administration (including medical claims assessing), Group Benefits and Personal Accident Insurance.
  • Learners are requires to access current information from the media as it occurs and to predict or anticipate possible outcomes. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse articles and reports relating to the changing nature of long term insurance in South Africa. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Current events in the news are analysed and an indication is given of how each event could potentially impact on one of the sub sectors of the long term insurance industry in South Africa. 

    ASSESSMENT CRITERION 2 
    Controversial issues related to a sub sector of long term insurance are analysed and own views are expressed and substantiated in plain language. 

    ASSESSMENT CRITERION 3 
    The effects of changes in legislation and the political environment on the long term insurance sector are analysed with reference to a particular sub-sector. 

    ASSESSMENT CRITERION 4 
    Current events in the socio economic environment are interpreted and an indication is given of their possible impact on a sub sector of long term insurance. 

    ASSESSMENT CRITERION 5 
    Current events in the Public Health Sector that have implications for one of the sub sectors of long term insurance are identified and an indication is given of the possible effects on the sub sector. 

    SPECIFIC OUTCOME 2 
    Analyse developments in technology that could impact on the administration of long term insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    New developments in technology that could affect the administration of one of the sub sectors of long term insurance are described and an indication is given of how the technology could improve access and/orservice delivery. 

    ASSESSMENT CRITERION 2 
    The advantages and disadvantages of a selected innovation to a sub sector of long term insurance is explained and a recommendation is made as to whether the innovation should be further investigated and how it could add value to a particular organisation. 

    SPECIFIC OUTCOME 3 
    Interpret the effect of innovations in medical treatment and drug development on one of the sub sectors of long term insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Innovations and developments in medical science are interpreted with reference to how each could impact on one of the sub sectors of the long term insurance industry. 

    ASSESSMENT CRITERION 2 
    The positive and negative aspects of new drugs/treatments are identified and compared to other current treatments for the same condition. 

    ASSESSMENT CRITERION 3 
    The cost implications of new developments are considered and a decision is made as to whether or not the treatment would contribute to optimal care. 

    ASSESSMENT CRITERION 4 
    Information relating to current medical or life threatening events is collected, organised and analysed to identify trends. 

    SPECIFIC OUTCOME 4 
    Investigate the spread of diseases in Africa from reports in the media. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Health related trends in Africa are analysed and the possible influence of these trends on underwriting practices in South Africa is indicated with reference to how they could affect product development or claims assessing. 

    ASSESSMENT CRITERION 2 
    Trends in the spread of the five most common infectious diseases in Africa are analysed and suggestions are made as to how the spread could be arrested or contained. 

    ASSESSMENT CRITERION 3 
    Reasons for the re-occurrence/re-emergence and/or spread of previously controlled diseases are explained with examples. 

    ASSESSMENT CRITERION 4 
    The effect of mutations of viruses on the spread of diseases is identified with examples. 

    ASSESSMENT CRITERION 5 
    The causes of the most common ailments/medical conditions in Africa are analysed from print media and newscasts and suggestions are made of possible ways to reduce the impact of these conditions. 

    ASSESSMENT CRITERION 6 
    Incidences of disease and trends in Africa that could impact on South Africa are identified and an indication is given of how these trends could affect a sub sector of long term insurance. 

    ASSESSMENT CRITERION 7 
    Diseases currently considered to be epidemics in Africa are named and an indication is given of how epidemics differ from outbreaks of a disease. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in; suggesting ways to arrest or contain disease and reduce the impact of medical conditions. 

    UNIT STANDARD CCFO WORKING 
    The learner is able to explore a variety of strategies of learning when gathering information from a broad spectrum of media. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself and his/her activities responsibly and effectively in collecting and organising a portfolio of evidence for the assessment of this unit standard. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and evaluate information when researching and interpreting current affairs and indicating the possible impact of current events on the long term insurance sector. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively when presenting the findings of his/her research. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically showing responsibility towards the environment and the health of others in researching developments in technology that will impact on service delivery in long term insurance and accessing information from the World Wide Web. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems when analysing, comparing and interpreting medical events and innovations and the effects of changes in legislation on long term insurance. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49649   Further Education and Training Certificate: Long-term Insurance  Level 4  NQF Level 04  Reregistered  2023-06-30  INSETA 
    Core  49529   Further Education and Training Certificate: Long-Term Risk Assessment  Level 4  NQF Level 04  Reregistered  2023-06-30  INSETA 
    Core  49356   Further Education and Training Certificate: Medical Claims Assessing  Level 4  NQF Level 04  Reregistered  2023-06-30  INSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. CKP Development Agency (Pty) Ltd. 
    2. Intec College 
    3. Invuya Institute of Learning (Pty) Ltd 
    4. Masifunde Training Centre (Pty) Ltd 
    5. The Institute of Health Risk Managers (Pty) Ltd 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.