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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 QUALIFICATION THAT HAS PASSED THE END DATE: |
National Diploma: Financial Services: Long-Term Risk Assessment |
SAQA QUAL ID | QUALIFICATION TITLE | |||
49860 | National Diploma: Financial Services: Long-Term Risk Assessment | |||
ORIGINATOR | ||||
SGB Insurance and Investment | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | NQF SUB-FRAMEWORK | |||
INSETA - Insurance Sector Education and Training Authority | OQSF - Occupational Qualifications Sub-framework | |||
QUALIFICATION TYPE | FIELD | SUBFIELD | ||
National Diploma | Field 03 - Business, Commerce and Management Studies | Finance, Economics and Accounting | ||
ABET BAND | MINIMUM CREDITS | PRE-2009 NQF LEVEL | NQF LEVEL | QUAL CLASS |
Undefined | 245 | Level 5 | NQF Level 05 | Regular-Unit Stds Based |
REGISTRATION STATUS | SAQA DECISION NUMBER | REGISTRATION START DATE | REGISTRATION END DATE | |
Passed the End Date - Status was "Reregistered" |
SAQA 9900/00 | 2018-07-01 | 2023-06-30 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2024-06-30 | 2028-06-30 |
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 qualification does not replace any other qualification and is not replaced by any other qualification. |
PURPOSE AND RATIONALE OF THE QUALIFICATION |
Purpose:
The National Diploma: Long-Term Risk Assessment: Level 5 is intended for Senior Underwriters, Senior Claims Assessors, Risk Consultants, Product Developers and Reinsurers in Long-Term Insurance (Group Benefits, Life, Disability and Healthcare Benefits Administration). It requires the application of medical knowledge to assess Long-Term Risk. The purpose of the Qualification is to build the knowledge and skills required by learners in Underwriting and Claims Assessing who are competent in the knowledge and skills required in the FETC: Long-Term Risk Assessment and are ready to study at Level 5. It is intended to empower learners to acquire knowledge, skills, attitudes and values required to operate ethically and responsibly as Senior Underwriters and Senior Claims Assessors and to respond to the challenges of the economic environment and changing nature of the Financial Services Industry. It should add value to the qualifying learner in terms of enrichment of the person, status, and recognition. As a Qualification in Long-Term Risk Assessment, it provides a framework for learners to develop competencies related to the assessment of Risk in the Long-Term Insurance Sector in general. It provides a balanced learning experience that allows flexible access to life-long learning and to productive employment in Long-Term Insurance. It provides an opportunity for learners to learn and apply academic skills in relation to the workplace and will allow for multi-skilling. Qualifying learners should be knowledgeable about and competent in: Rationale: The National Diploma: Financial Services: Long-Term Risk Assessment: NQF Level 5 is designed specifically to meet the needs of learners in Underwriting, Claims Assessing and Reinsurance in the Long-Term Insurance Sector of the Financial Services Industry. It aims to develop informed and skilled learners who are able to assess risk in Long-Term Insurance. It is intended for learners who: The National Diploma: Financial Services: Long-Term Risk Assessment: NQF Level 5 is flexible enough to accommodate learners in formal education, in learnerships and learners already employed in the Financial Services Industry. The Qualification is part of a career path in Long-Term Risk Assessment. It requires the application of medical knowledge to Long-Term Risk Assessment. The intention is: The skills, knowledge, values and attitudes reflected in the Qualification are required at a senior level to assess Long-Term Risk. Learners already employed in underwriting and claims assessing at this Level do work that requires specialised, technical skills and a broad knowledge base of the applicable legislation, economic principles, risk and the Financial Services Industry in general. The National Diploma: Financial Services: Long-Term Risk Assessment: Level 5 should provide the means for current workers to receive Recognition of Prior Learning, to upgrade their skills and achieve a nationally recognised Qualification. The Qualification is structured in a way that exposes learners to the knowledge and skills necessary for Long-Term Underwriting, Reinsurance and Claims Assessing. Learners in Tendering and Pricing should do the National Certificate in Financial Services: Long-Term Risk Assessment: Level 5 rather than The National Diploma: Financial Services: Long-Term Risk Assessment: Level 5. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Learners should be competent in Communication and Mathematical Literacy at NQF Level 4 and are ready to learn at Level 5. It is assumed that learners are competent in the Unit Standards in the National Certificate in Long-Term Insurance: Risk Assessment NQF Level 4 or the FETC: Long-Term Risk Assessment before accessing this Qualification.
Recognition of prior learning: Access to the qualification: There is open access to this Qualification for all learners in possession of an FETC or equivalent qualification but the Learning assumed to be in place, detailed below should be borne in mind. |
RECOGNISE PREVIOUS LEARNING? |
Y |
QUALIFICATION RULES |
Level, credits and learning components assigned to the qualification:
The National Diploma: Financial Services: Long-Term Risk Assessment is made up of a planned combination of learning outcomes that have a defined purpose and will equip learners to make decisions at a high level and to conduct risk assessments. The Diploma will provide a final step in a specialised career path in Underwriting and/or Claims Assessing. The next step in the career path would be a Management Qualification at level 6. The Qualification articulates with the National Certificate in Financial Services: Long-Term Risk Assessment: Level 5 in that the Unit Standards classified as Fundamental and six of the Unit Standards classified as Core in the Certificate are also Fundamental and Core in the National Diploma in Financial Services: Long-Term Risk Assessment: NQF Level 5. The Qualification is made up of Unit Standards that are classified as Fundamental, Core and Elective for the purpose of this Qualification. A minimum of 245 credits is required to complete the Qualification. In this Qualification the credits are allocated as follows: Fundamental Component (All are compulsory): After wide consultation in the Financial Services industry it was agreed that there should be a common set of Unit Standards that are Fundamental to all Financial Services Qualifications at NQF Level 5 to allow for articulation and portability of Qualifications within the industry. The Unit Standards that are Fundamental in this Qualification are those agreed to at a meeting of the Financial Services Standards Generating Body (FSSGB) on 15 January 2003. Core Component (All are compulsory): One hundred and twenty three credits have been allocated to Unit Standards designated as Core for the purpose of this Qualification. This is to ensure that the Qualification has a definite Long-Term Risk Assessment focus. They provide an opportunity to develop knowledge through research and the application of knowledge and study skills. The Core Unit Standards provide the knowledge, insight and skills required in the assessment of medical and non-medical related Long-Term Risk. Elective Component: The Unit Standards classified as Electives in this Qualification have been carefully selected to allow learners to achieve a Qualification that is relevant to the work that they do and to their chosen career path in Underwriting and/or Claims Assessing. They are specifically indicated because of the specialised nature of the work in Underwriting and Claims Assessing and to ensure that the there is at least a 60% difference between the National Certificate: Financial Services: Long-Term Risk Assessment: NQF Level 5 and the National Diploma in Financial Services: Long-Term Risk Assessment: NQF Level 5. Learners are required to select electives that add up to at least 81 credits. In the second round of the FAIS Fit and Proper implementation, Claims Assessors will require a Qualification to be licensed by the Financial Services Board (FSB). There are electives that are particularly appropriate to Underwriters and electives apply more specifically to Claims Assessors. Underwriters and Claims Assessors are strongly advised to select electives from the appropriate group. The grouping of the Electives does not imply that learners should select Electives from only one specific category. Electives selected may relate directly to the learner's work role in an organisation or may be life skills to enhance employability. The Electives have been grouped under the headings: |
EXIT LEVEL OUTCOMES |
The National Diploma: Financial Services: Long-Term Risk Assessment: Level 5 is intended for personnel already employed in Underwriting or Claims Departments in the industry or learners in learnerships. Learners require an informed understanding of the important terms, rules, concepts, principles and theories of the assessment of Long-Term Risk. They are required to gather, analyse, interpret, evaluate and synthesis information and to use their knowledge to solve both routine and unfamiliar problems related to preferred and/or sub-standard risk, to adjust an application of a solution when necessary and to evaluate the change using relevant evidence.
Learners are required to apply communicated information coherently in the language used in Underwriting and Claims contexts, including the use of medical terminology, and to present and communicate information reliably and accurately orally and in writing. Learners should have the capacity to take responsibility for their own learning and their actions and should be able to evaluate their own performance against given criteria. The learner will be able to: 1. Gather, analyse, synthesise and evaluate information, manipulate and interpret data and identify trends, communicate information coherently in writing and orally, and show insight into current affairs in the Financial Services sector. 2. Demonstrate insight into the Long-Term Risk Assessment operating environment as a system within the Financial Services Industry in general and the Long-Term Insurance sector in particular. 3. Apply knowledge of legislation, ethics, and compliance in order to assess a Long-Term Risk, adjust the solution if necessary and evaluate the proposed change using relevant evidence. 4. Apply specialised technical knowledge to assess Long-Term Risk in a non-standard situation. 5. Research information to inform a risk assessment and/or substantiate a decision and motivate changes in corporate policy. Exit Level Outcomes for the Critical Cross-Field Outcomes: The learner is able to demonstrate ability to: In addition this Qualification contributes to the full personal development of each learner and the social and economic development of the society at large, by making it the underlying intention of any programme of learning to make the individual aware of the importance of: Exit points for learners who do not complete a Qualification: |
ASSOCIATED ASSESSMENT CRITERIA |
The National Diploma: Financial Services: Long-Term Risk Assessment: Level 5 is intended for personnel already employed in Underwriting or Claims Departments in the industry or learners in learnerships. Learners require an informed understanding of the important terms, rules, concepts, principles and theories of the assessment of Long-Term Risk. They are required to gather, analyse, interpret, evaluate and synthesis information and to use their knowledge to solve both routine and unfamiliar problems related to preferred and/or sub-standard risk, to adjust an application of a solution when necessary and to evaluate the change using relevant evidence.
Learners are required to apply communicated information coherently in the language used in Underwriting and Claims contexts, including the use of medical terminology, and to present and communicate information reliably and accurately orally and in writing. Learners should have the capacity to take responsibility for their own learning and their actions and should be able to evaluate their own performance against given criteria. The learner will be able to: 1: 2: 3: 4: 5: Integrated assessment: Assessment practices must be fair, transparent, valid and reliable and should ensure that no learner is disadvantaged. Learners who wish to be assessed against the competencies in the Qualification and/or associated Unit Standards should direct enquiries to the relevant ETQA. The focus of assessment must be on the assessment of the learning outcomes rather than learning outputs. The Specific Outcomes guide the learning and training process towards the outcomes on a continuous basis. The purpose is to determine whether the outcomes have been attained. Situations should present a wide range of options. Applications should require significant choices from a wide range of procedures and in a number of contexts. Learning, teaching and assessment are inextricably linked. Where appropriate, assessment of knowledge, skills, attitudes and values indicated in the various Unit Standards should be integrated. Assessment has a formative monitoring function. Formative assessment should be used to assess gaps in the learners' skill and knowledge and to indicate where there is a need for expanded opportunities. The goal is to promote learning and to assess the efficacy of the teaching and learning process. Feedback from assessment informs teaching and learning and allows for the critique of outcomes, methodology and materials. Formative assessment is diagnostic and as such it should guide the learner and the trainer. It is continuous and is used to plan appropriate learning experiences to meet the learner's needs. It provides information about problems experienced at different stages in the learning process. As it is criterion referenced, if the learner has met the assessment criteria, he/she has achieved the outcomes. Assessment should also have a summative component. Summative assessment may be used on completion of a Unit Standard, but should not be the only form of assessment. A variety of methods must be used in assessment and tools and activities must be appropriate to the context in which the learner is working. Assessment should take place in an authentic context as far as is possible. Where it is not possible to assess competence in the workplace, simulations, case studies and other similar techniques should be used to provide a context appropriate to the assessment. Integration implies that theoretical and practical components should, where possible, be assessed together. Integrative techniques should be used to assess applied competence. Learners should be required to demonstrate that they can perform the outcomes with understanding and insight. Assessment should ensure that all Specific Outcomes, embedded knowledge and Critical Cross-Field Outcomes are evaluated. Assessment of the Critical Cross-Field Outcomes should be integrated with the assessment of the Specific Outcomes. The Critical Cross-Field Outcomes are implicit in some Unit Standards and programmes should be designed to extend and further reflect the integration. Before The National Diploma in Financial Services: Long-Term Risk Assessment: Level 5 is awarded, learners are required to demonstrate competence in the required Unit Standards and complete a summative assessment based on the Exit Outcomes of the Qualification. |
INTERNATIONAL COMPARABILITY |
A search for international Qualifications to be used for a comparison with the National Diploma in Financial Services: Long-Term Risk Assessment: Level 5 was facilitated by previous comparisons for the FETC: Medical Claims Assessing and FETC Long-Term Risk Assessment L4.
As part of the Level 4 international research, documentation was obtained from the Chartered Insurance Institute (CII) in the UK and the project team responsible for reviewing the financial Qualifications for the National Finance Industry Training Advisor in Australia. These formed the basis of the international comparison for the National Certificate in Financial Services: Long-Term Risk Assessment: Level 5 and were the reason the UK and Australia were selected for the international comparison for the National Diploma in Financial Services: Long-Term Risk Assessment: Level 5. The findings of the international comparison were shared with a group of South African Subject Matter Experts who are familiar with the modules offered by the Chartered Insurance Institute in the UK. The South African Qualification and the International Qualifications are very different. The international standards are written by function as opposed to integrated knowledge (seeing the relationship and implications between variables) that is integral to the National Diploma in Financial Services: Long-Term Risk Assessment: Level 5. The subject matter experts indicated the holistic competencies of skilled workers in assessing Long-Term risk include non-medical and specialised medical knowledge as well as liaising with decision makers and/or setting or influencing underwriting and claims risk assessment policy. The topics covered in the international Qualifications were compared to the Exit Level Outcomes of the National Diploma In Financial Service: Long-Term Risk Assessment: Level 5 as it was not possible to compare topic headings of the CII modules and the more generic Risk Management outcomes of the Australian Unit Standards. Sites researched/organisations contacted: UK: Australia: Background and Rationale for the choice of countries for comparison with the National Diploma In Financial Services: Long-Term Risk Assessment: Level 5. During October and November 2004 the SGB submitted the FETC: Medical Claims Assessing and the FETC: Long-Term Risk Assessment Qualifications to SAQA for registration. In the process, a great deal of information was gathered that was relevant to the National Diploma in Financial Services: Long-Term Risk Assessment: Level 5. This information also identified trends at Diploma and Degree level internationally and facilitated the identification of Unit Standards to be included in the South African Qualification to ensure that it meets international best practice. By using existing information and selecting the same countries for this for comparison, the SGB not only managed to maximise resources and minimise time and costs, without losing quality, but also maintained consistency for the comparison of this cluster of Financial Services standards. For this reason the comparison is based on Qualifications sourced from the UK and Australia. United Kingdom (UK): Chartered Insurance Institute (UK) Advanced Diploma In Insurance, Elective Modules 555: Life And Disability Underwriting And 555: Module 556 Life And Disability Claims. The CII provides an Advanced Diploma in Insurance, which is set at a UK degree level. Two of the units in the advanced diploma are Life and Disability Underwriting and Life and Disability Claims. These units comprise 120 hours of learning each, roughly equivalent to 24 credits on the South African NQF at level 6. The CII provided an overview of the units, which enabled the SGB to compare the Core Unit Standards and Outcomes in the proposed Qualification with the unit at a broad level. Module 555 is aimed at the medical underwriting function and module 556 involves the application of non-medical underwriting practice. Since together, the CII modules cover medical and non-medical underwriting and claims assessing, they will both be used for the comparison against the National Diploma in Financial Services: Long-Term Risk Assessment: Level 5. The medical underwriting outcomes of the Life and disability-underwriting module are as follows: Module 555 Life and Disability Underwriting: The National Diploma: Financial Services: Long-Term Risk Assessment: Level 5 requires the application of knowledge in each case. Module 556 - Life And Disability Claims: There are synergies with the National Diploma in Financial Services: Long-Term Risk Assessment: Level 5 which focuses on both medical and other Long-Term risk. Australia: Australian National Training Authority, Financial Services Training Package Diploma of Insurance Services is intended for employees working in Underwriting and Claims Management and/or specialist roles within general insurance (e.g. lead a claims team, lead an underwriting team, handle complex claims, underwrite complex risk, surveying risk exposure, claims recovery, portfolio performance etc). It includes: Detailed Comparison against the Exit Level Outcomes: The South African Exit Level Outcomes are listed below with their associated Unit Standards. CII units/and Australian Unit Standards which have similar outcomes are listed for each Exit Outcome: 1. Gathering, analysing, synthesising and evaluating information, manipulating and interpreting data and identifying trends, communicating information coherently in writing and verbally, and showing insight into current affairs in the Financial Services sector. Associated SA Unit Standards: Associated CII Units/Topics - Module 555: > Mechanics of application processing. > Requirements for medical evidence, including non-medical limits, private medical attendant's report and medical examiners report. > Supporting medical evidence, with particular reference to the private medical attendant's report, medical examiner's report and questionnaires. Associated CII Units/Topics - Module 556: In the absence the outcomes or Unit Standards against which the CII develops their courses and modules, the SGB used other available information to identify the exit level outcome of the topics. In this instance the knowledge rating of the topics included in the Module indicated the extent to which each topic required "Gathering, analysing, synthesising and evaluating information". Each sub-topic in the CII has been designated a numerical knowledge rating as follows: The topics and sub-topics indicated by a knowledge rating of 3 have some synergies with the exit level outcome of Gathering, analysing, synthesising and evaluating information (with less emphasis on synthesis). Most topics are covered in the outcomes of the FETC: Long-Term Risk Assessment. Related CII Topics and sub-topics with their designated rating. > Musculo-skeletal problems; 3. > Cardio-respiratory diseases; 3. > Cancer; 3. > Neurological diseases and injuries; 3. > Sensory disabilities - vision and hearing; 3. > Mental health problems; 3. Associated Australian Unit Standards: This unit describes the high level competencies needed to analyse risk factors, determine appropriate risk assessment strategies, communicate risk assessment strategies to relevant staff and Intermediaries, and manage risk assessment strategies. This unit covers the basics of written and oral communication as they apply in the work environment. 2. Demonstrating insight into the Long-Term Risk Assessment operating environment as a system within the Financial Services Industry in general and the Long-Term Insurance sector in particular. Associated SA Unit Standards: Associated CII Units/Topics - Module 555: Associated CII Units/Topics - Module 556: Financial Claims Assessment: > Employed. > Self employed. > employed directors. > Partnerships. > Available benefits. > Assessment and entitlement to those benefits. Associated Australian Unit Standards: This unit covers the functions for negotiating treaty reinsurance in accordance with the company guidelines and procedures. 3. Applying knowledge of legislation, ethics, and compliance in order to assess a Long-Term risk, adjust the solution if necessary and evaluate the proposed change using relevant evidence. Associated SA Unit Standards: Associated CII Units/Topics - Module 555: The following topics covered under the Underwriting - Life and disability risk unit cover legislation, ethics and compliance: Associated CII Units/Topics - Module 556: Legal issues at claim stage - This CII Unit of Titles relates to the SA elective stream of competencies around legislation and ethics surrounding Claims assessing. Associated Australian Unit Standards: This unit covers the competencies needed to investigate a claim. The investigation may cover the degree of liability or a potential fraud. The unit includes competencies for clarifying the brief, conducting the investigation and reporting. The function may be conducted within an organisation or it may be outsourced. This unit describes the high level competencies needed to analyse risk factors, determine appropriate risk assessment strategies, communicate risk assessment strategies to relevant staff and Intermediaries, and manage risk assessment strategies. 4. Apply specialised technical knowledge to assess Long-Term risk in a non standard situation. Associated SA Unit Standards: Associated CII Units/Topics - Module 555: Associated Australian Unit Standards: This unit covers the competencies needed to investigate a claim. The investigation may cover the degree of liability or a potential fraud. The unit includes competencies for clarifying the brief, conducting the investigation and reporting. The function may be conducted within an organisation or it may be outsourced. 5. Researching information to inform a risk assessment and/ or substantiate a decision and motivate changes in corporate policy. Associated SA Unit Standards: Associated CII Units/Topics - Module 555: Associated Australian Unit Standards: This unit describes the high-level competencies needed to review the effect of losses on the portfolio, identify problems and develop remedial risk management strategies. This unit covers the functions involved in monitoring and analysing risks and determining the risk rating associated with an existing or new investment or insurance product. Exit Level Outcomes for the Critical Cross-Field Outcomes that have synergies with the Australian Unit Standards: > Communicate in the workplace - Industry Core Unit Standard. This unit covers the basics of written and oral communication as they apply in the work environment. > Use technology in the workplace - Industry Core Unit Standard. Conclusion: Competent learners achieving the South African and Australian standards will have acquired risk management strategies that are Fit for Purpose in the environments in which they work. In South Africa the focus is on both non-medical and specialised medical knowledge competencies, and in Australia it is on broader, more generic risk management strategies that could provide a foundation to specialise in any aspect of risk management. The main differences between the SA and Australian Qualification are: The CII module is similar to the South African Qualification in that it also covers the application of medical risk assessment strategies. The main differences are: In conclusion the three Qualifications have similar Exit Level Outcomes with the following major differences: |
ARTICULATION OPTIONS |
This Qualification articulates horizontally with:
It articulates vertically with: |
MODERATION OPTIONS |
This Qualification will be internally assessed and externally moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA.
|
CRITERIA FOR THE REGISTRATION OF ASSESSORS |
This Qualification 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.
|
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2012; 2015. |
NOTES |
As per the SAQA decision to re-register all provider-based qualifications on the National Qualifications Framework that meet the criteria for re-registration, this qualification has been re-registered from 1 July 2018. As per the SAQA decision to re-register all provider-based qualifications on the National Qualifications Framework that meet the criteria for re-registration, this qualification has been re-registered from 1 July 2018. N/A |
UNIT STANDARDS: |
ID | UNIT STANDARD TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS | |
Core | 120062 | Analyse the impact of the South African Constitution and other legislation on ethical Long-Term risk assessment principles and practices in South Africa | Level 5 | Level TBA: Pre-2009 was L5 | 7 |
Core | 120063 | Analyse the medical risk impacting on occupations and avocations | Level 5 | Level TBA: Pre-2009 was L5 | 8 |
Core | 120010 | Apply a researched trend to refine non-medical risk assessments in terms of avocation and occupation | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Core | 120007 | Apply technical knowledge of Long-Term risk to make a competitive business decision in a non-standard situation | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Core | 120068 | Apply technical knowledge to advise and support Intermediaries on risk in long term products | Level 5 | Level TBA: Pre-2009 was L5 | 8 |
Core | 120066 | Demonstrate knowledge and understanding of the financial consequences of a claim to an organisation and the carrier of insurance | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Core | 119996 | Evaluate the inherent risk to an organisation in a specific market | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Core | 120003 | Interpret how current trends impact on risk profiles | Level 5 | Level TBA: Pre-2009 was L5 | 15 |
Core | 120070 | Interpret medical reports on a high risk proposal or client to assess a long term risk | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Core | 120073 | Liaise with decision makers in an organisation at strategic level to manage the risk in high risk target markets | Level 5 | Level TBA: Pre-2009 was L5 | 8 |
Core | 120072 | Research trends in disease and disease management that could impact on long term mortality and morbidity | Level 5 | Level TBA: Pre-2009 was L5 | 15 |
Core | 14505 | Apply the principles of ethics and professionalism to a business environment | Level 6 | Level TBA: Pre-2009 was L6 | 6 |
Core | 14510 | Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce | Level 6 | Level TBA: Pre-2009 was L6 | 6 |
Fundamental | 14517 | Apply basic economic principles to the financial services sector | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Fundamental | 120075 | Demonstrate insight into current affairs in the Financial Services sector | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Fundamental | 14518 | Demonstrate knowledge and insight into the changing nature of the financial services industry and its consumers | Level 5 | Level TBA: Pre-2009 was L5 | 6 |
Fundamental | 119997 | Demonstrate knowledge and understanding of risk in a Financial Services environment | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Fundamental | 14523 | Describe the financial life cycle of an individual | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Fundamental | 14525 | Present an informed argument on a current issue in a business sector | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 14514 | Adapt and communicate a potential financial solution to a range of audiences | Level 5 | Level TBA: Pre-2009 was L5 | 3 |
Elective | 120004 | Analyse a facultative arrangement in order to comment on its appropriateness to a specific organisation's underwriting framework | Level 5 | Level TBA: Pre-2009 was L5 | 6 |
Elective | 120067 | Analyse a potentially fraudulent Long-Term insurance claim | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 14522 | Analyse and explain the impact of one`s personal interactive style on one`s relationship with a client | Level 5 | Level TBA: Pre-2009 was L5 | 6 |
Elective | 114206 | Analyse the strategic impact of a successful wellness programme | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 14509 | Apply a researched trend to individual financial risk | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 120074 | Apply a researched trend to manage disability claims | Level 5 | Level TBA: Pre-2009 was L5 | 15 |
Elective | 119999 | Apply actuarial knowledge to the assessment of risk in long term insurance | Level 5 | Level TBA: Pre-2009 was L5 | 12 |
Elective | 120002 | Apply knowledge of legislation, product features and risk to modify terms and conditions for a specific group risk contract | Level 5 | Level TBA: Pre-2009 was L5 | 4 |
Elective | 14530 | Apply scenario planning to explain potential risk in a specified financial services context | Level 5 | Level TBA: Pre-2009 was L5 | 6 |
Elective | 119998 | Apply technical knowledge and insight to manage the risks inherent in a group scheme | Level 5 | Level TBA: Pre-2009 was L5 | 8 |
Elective | 120061 | Apply technical knowledge and insight to process a complex claim in Long-Term insurance | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 120064 | Apply technical knowledge to advise Intermediaries on Long-Term insurance claims | Level 5 | Level TBA: Pre-2009 was L5 | 6 |
Elective | 15096 | Demonstrate an understanding of stress in order to apply strategies to achieve optimal stress levels in personal and work situations | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 15093 | Demonstrate insight into democracy as a form of governance and its implications for a diverse society | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 15094 | Demonstrate insight into the application of theories of Emotional and Spiritual Intelligence in personal development | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 120000 | Identify and analyse risk information that could impact on underwriting and/or pricing in the long term insurance industry | Level 5 | Level TBA: Pre-2009 was L5 | 12 |
Elective | 120001 | Negotiate terms on a facultative basis to achieve a competitive advantage | Level 5 | Level TBA: Pre-2009 was L5 | 6 |
Elective | 120071 | Present a case to substantiate a decision to repudiate a high risk Long- Term claim in a legal action | Level 5 | Level TBA: Pre-2009 was L5 | 5 |
Elective | 120065 | Review a claims department to determine whether a business is protected by an organisation's business practices | Level 5 | Level TBA: Pre-2009 was L5 | 10 |
Elective | 14504 | Demonstrate knowledge and understanding of e-business as a competitive tool | Level 6 | Level TBA: Pre-2009 was L6 | 7 |
LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: |
NONE |
PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: |
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. |
NONE |
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. |