Certificate / Diploma in General InsuranCe BrokInG - Singapore ...
Certificate / Diploma in General InsuranCe BrokInG - Singapore ...
Certificate / Diploma in General InsuranCe BrokInG - Singapore ...
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SCI<br />
<strong>Certificate</strong> / <strong>Diploma</strong> <strong>in</strong><br />
<strong>General</strong> Insurance<br />
Brok<strong>in</strong>g<br />
Awarded by SCI<br />
lead<strong>in</strong>g to QPIB ® Membership status<br />
An Initiative by SCI
SCI <strong>Certificate</strong> / <strong>Diploma</strong> <strong>in</strong><br />
<strong>General</strong> Insurance Brok<strong>in</strong>g<br />
lead<strong>in</strong>g to QPIB® membership status<br />
Description of PROGRAMME<br />
This self-study programme is targeted at those who<br />
are employed <strong>in</strong> an <strong>in</strong>surance brok<strong>in</strong>g firm as a<br />
broker or a brok<strong>in</strong>g assistant, to help them develop<br />
complex levels of brok<strong>in</strong>g skills and knowledge,<br />
<strong>in</strong>clud<strong>in</strong>g basic risk management. Graduates of the<br />
programme will be able to apply <strong>in</strong>-depth technical<br />
and <strong>in</strong>dustry knowledge and skills to a range of<br />
client advisory functions, <strong>in</strong>clud<strong>in</strong>g the plann<strong>in</strong>g<br />
and selection of products and services, as well as<br />
the development and analysis of appropriate buy<strong>in</strong>g<br />
strategies to service their clients’ needs.<br />
The <strong>Certificate</strong> <strong>in</strong> <strong>General</strong> Insurance Brok<strong>in</strong>g<br />
(CGIB) programme address the key areas of Client<br />
Communication and Customer Service Performance<br />
and Standards.<br />
The S<strong>in</strong>gapore Insurance Brokers Association (SIBA) requires all “Front End Operatives” or “FEOs”<br />
(def<strong>in</strong>ed as personnel engaged <strong>in</strong> sales and / or provid<strong>in</strong>g <strong>in</strong>surance advisory services, and / or<br />
handl<strong>in</strong>g claims) of <strong>in</strong>surance brok<strong>in</strong>g firms, unless otherwise exempted, to possess the CGIB <strong>in</strong><br />
addition to the Personal <strong>General</strong> Insurance Certification and / or the Commercial <strong>General</strong> Insurance<br />
Certification, depend<strong>in</strong>g on the l<strong>in</strong>es of products sold or advised.<br />
In accordance with SIBA’s guidel<strong>in</strong>es, holders and graduates from the follow<strong>in</strong>g qualifications are<br />
however, exempted from tak<strong>in</strong>g the CGIB:<br />
• ACII<br />
• AAII<br />
• Affiliate of ANZIIF<br />
• University degree <strong>in</strong> any discipl<strong>in</strong>e<br />
• <strong>Diploma</strong> <strong>in</strong> any discipl<strong>in</strong>e • QPIB® <strong>Diploma</strong><br />
• DGI<br />
The <strong>Diploma</strong> <strong>in</strong> <strong>General</strong> Insurance Brok<strong>in</strong>g (DGIB) programme is the next step after the CGIB. Those<br />
who have completed the CGIB may advance their knowledge and skills by progress<strong>in</strong>g to the DGIB<br />
programme, which will enable them to be eligible to apply for the QPIB status with SIBA.<br />
The DGIB covers a variety of topics, <strong>in</strong>clud<strong>in</strong>g Insurance Markets, Insurance Brok<strong>in</strong>g Services, Risk<br />
Management Services, Insurance Brok<strong>in</strong>g Practice and Claims Management.<br />
ACII / AAII / Fellow of ANZIIF / Senior Associate of ANZIIF holders are exempted from tak<strong>in</strong>g three<br />
modules of the DGIB, and will only need to complete the follow<strong>in</strong>g two modules to qualify for the<br />
DGIB:<br />
• Module 4 - Insurance Brok<strong>in</strong>g Services<br />
• Module 6 - Insurance Brok<strong>in</strong>g Practice
What is QPIB® <br />
It is the acronym for “Qualified Practic<strong>in</strong>g Insurance Broker TM ”, a strict system of professional<br />
accreditation <strong>in</strong>troduced by National Insurance Broker Association (NIBA) <strong>in</strong> 1992, to ensure brokers<br />
meet the highest professional standards. Brokers who are QPIBs are obliged to meet and ma<strong>in</strong>ta<strong>in</strong><br />
rigorous standards of knowledge, skills and behaviour.<br />
The QPIB® system provides a professional edge to brokers to help position themselves positively<br />
with the media, government, regulators, consumer bodies and the <strong>in</strong>surance <strong>in</strong>dustry.<br />
QPIB® status also becomes a valuable sell<strong>in</strong>g tool for <strong>in</strong>dividual brokers and allows them to proudly<br />
promote their expertise to exist<strong>in</strong>g and potential clients. For example, brokers can use their QPIB®<br />
<strong>in</strong>signia for po<strong>in</strong>t of sale display and on bus<strong>in</strong>ess correspondence.<br />
The QPIB® design is a protected trademark and can only be used by firms and <strong>in</strong>dividual brokers<br />
who meet the str<strong>in</strong>gent standards.<br />
Target AUDIENCE<br />
Insurance Brokers and Assistants.<br />
Key OBJECTIVES<br />
The programme aims to provide candidates with the knowledge and skills to:<br />
• identify, assess and treat client risk exposures<br />
• <strong>in</strong>dependently carry out a range of <strong>in</strong>surance brok<strong>in</strong>g activities<br />
• provide an efficient and timely claims service for clients<br />
Learn<strong>in</strong>g OUTCOMES<br />
Modules<br />
1 Client Communication<br />
2 Customer Service<br />
Performance and Standards<br />
3 Insurance Markets<br />
4 Insurance Brok<strong>in</strong>g Services<br />
5 Risk Management Services<br />
6 Insurance Brok<strong>in</strong>g Practice<br />
7 Claims Management<br />
Key Learn<strong>in</strong>g Outcomes<br />
Key concepts <strong>in</strong> communicat<strong>in</strong>g effectively<br />
with clients<br />
Essential knowledge and skills to provide a<br />
high standard of service to clients<br />
Key concepts <strong>in</strong> market<strong>in</strong>g <strong>in</strong>surance products<br />
and services<br />
Key concepts <strong>in</strong> provid<strong>in</strong>g services as a broker<br />
with<strong>in</strong> the f<strong>in</strong>ancial services <strong>in</strong>dustry<br />
Key concepts <strong>in</strong> identify<strong>in</strong>g, assess<strong>in</strong>g and<br />
treat<strong>in</strong>g client risk exposures<br />
Critical knowledge and skills to provide a full<br />
range of <strong>in</strong>surance brok<strong>in</strong>g activities<br />
Key concepts <strong>in</strong> provid<strong>in</strong>g effective claims<br />
services for clients<br />
M<strong>in</strong>imium ENTRY REQUIREMENTS<br />
The m<strong>in</strong>imum qualification for enrolment <strong>in</strong> the CGIB programme is the SCI <strong>Certificate</strong> <strong>in</strong><br />
<strong>General</strong> Insurance or Personal <strong>General</strong> Insurance Certification or Commercial <strong>General</strong> Insurance<br />
Certification.<br />
The m<strong>in</strong>imum qualification for enrolment <strong>in</strong> the DGIB programme is SCI <strong>Certificate</strong> <strong>in</strong> <strong>General</strong><br />
Insurance Brok<strong>in</strong>g (CGIB).<br />
If you possess any of the approved qualifications recognised by SIBA for exemption from the CGIB,<br />
you are also eligible to enrol for the DGIB programme.
ASSESSMENT Methods<br />
Participants are assessed through written exam<strong>in</strong>ations compris<strong>in</strong>g short structured questions.<br />
Exam<strong>in</strong>ation FEES<br />
S$149.80 per module (<strong>in</strong>clusive of 7% GST).<br />
Exam<strong>in</strong>ation fee is <strong>in</strong>clusive of study guide for the first attempt. A non-refundable registration fee<br />
of S$10.70 (<strong>in</strong>clusive of 7% GST) is chargeable on per registration basis.<br />
PROGRESSION Path<br />
A self-study programme which comprises 7 exam<strong>in</strong>able modules. Participants must complete Modules<br />
1 and 2 of the <strong>Certificate</strong> <strong>in</strong> <strong>General</strong> Insurance Brok<strong>in</strong>g (CGIB) or be exempted from the <strong>Certificate</strong><br />
Programme before they are allowed to enrol for the <strong>Diploma</strong> <strong>in</strong> <strong>General</strong> Insurance Brok<strong>in</strong>g (DGIB)<br />
programme.<br />
Module 1: Client Communication<br />
Module 2: Customer Service Performance<br />
and Standards<br />
Module 3: Insurance Markets<br />
Module 4: Insurance Brok<strong>in</strong>g Services<br />
Module 5: Risk Management Services<br />
Module 6: Insurance Brok<strong>in</strong>g Practice<br />
Module 7: Claims Management<br />
<strong>Certificate</strong> <strong>in</strong> <strong>General</strong> Insurance<br />
Brok<strong>in</strong>g (CGIB) awarded by S<strong>in</strong>gapore<br />
College of Insurance<br />
<strong>Diploma</strong> <strong>in</strong> <strong>General</strong> Insurance<br />
Brok<strong>in</strong>g (DGIB)<br />
awarded by S<strong>in</strong>gapore College of<br />
Insurance and Qualified Practis<strong>in</strong>g<br />
Insurance Broker TM (QPIB®) conferred<br />
by the S<strong>in</strong>gapore Insurance Brokers’<br />
Association (SIBA)<br />
2010 EXAMINATION DATES<br />
Modules<br />
1 Client Communication<br />
2 Customer Service Performance and Standards<br />
3 Insurance Markets<br />
4 Insurance Brok<strong>in</strong>g Services<br />
5 Risk Management Services<br />
6 Insurance Brok<strong>in</strong>g Practice<br />
7 Claims Management<br />
Exam<strong>in</strong>ation Date<br />
1 st Intake 2 nd Intake<br />
7 Jun 2010 08 Nov 2010<br />
8 Jun 2010 09 Nov 2010<br />
21 Jun 2010 22 Nov 2010<br />
22 Jun 2010 23 Nov 2010<br />
23 Jun 2010 24 Nov 2010<br />
24 Jun 2010 25 Nov 2010<br />
25 Jun 2010 26 Nov 2010<br />
All exam<strong>in</strong>ations will be conducted at SCI (9 Temasek Boulevard, #14-01/02/03, Suntec Tower<br />
Two, S<strong>in</strong>gapore 038989).<br />
Exam<strong>in</strong>ations are scheduled from 10 am to 12 noon on the respective exam<strong>in</strong>ation dates.
Exam<strong>in</strong>ation Registration Policies<br />
Registration<br />
Registration must be made onl<strong>in</strong>e at www.scicollege.org.sg by access<strong>in</strong>g Exam<strong>in</strong>ation Registration under Exam<strong>in</strong>ations.<br />
How To Pay<br />
Payment can be made by NETS (accepted at the SCI Reception Counter), credit card or cheque. Cheques must be crossed and made<br />
payable to S<strong>in</strong>gapore College of Insurance Limited. Please write your NRIC number, name, exam<strong>in</strong>ation title and your contact<br />
numbers on the back of the cheque.<br />
The required payment and support<strong>in</strong>g documents as specified <strong>in</strong> the Registration Form can be mailed to the follow<strong>in</strong>g address:<br />
S<strong>in</strong>gapore College of Insurance Limited<br />
9 Temasek Boulevard, #14-01/02/03 Suntec Tower Two<br />
S<strong>in</strong>gapore 038989<br />
Payments must be made at least 10 work<strong>in</strong>g days before the exam<strong>in</strong>ation date, otherwise your registration will not be confirmed. Payments<br />
made thereafter will not be accepted. You will be required to re-register for the respective exam<strong>in</strong>ation after the last registered exam<strong>in</strong>ation<br />
date.<br />
Confirmation Of Registration<br />
No Exam<strong>in</strong>ation Confirmation Slip will be sent to the candidate who has registered and paid up. Confirmation of exam<strong>in</strong>ation registration<br />
and details will <strong>in</strong>stead be posted on the SCI website at www.scicollege.org.sg under Exam Registration Confirmation.<br />
Cancellation Of Registration<br />
Cancellation or withdrawal of exam<strong>in</strong>ations will NOT BE ALLOWED and no refund of fees will be made. NO substitution or replacement<br />
of candidate is allowed.<br />
Reschedul<strong>in</strong>g of Exam<strong>in</strong>ation Date<br />
No reschedul<strong>in</strong>g of CGIB or DGIB exam<strong>in</strong>ations will be allowed.<br />
Study Materials<br />
A study-guide will be given to the candidate tak<strong>in</strong>g each exam<strong>in</strong>ation for the first time.<br />
Exam<strong>in</strong>ation Results<br />
All results notified are f<strong>in</strong>al and no review will be allowed.<br />
Changes & Cancellation<br />
SCI solely reserves the right to cancel or make any changes ow<strong>in</strong>g to unforeseen circumstances or when it considers necessary or appropriate<br />
to do so, <strong>in</strong> which case, any fees paid will be refunded <strong>in</strong> full. SCI’s decision on the matter is f<strong>in</strong>al.<br />
Feedback<br />
SCI welcomes candidates’ feedback. Please contact us at:<br />
Tel: 6221 2336, Fax: 6220 6684<br />
E-mail: talk2us@scidoma<strong>in</strong>.org.sg<br />
9 Temasek Boulevard #14-01/02/03, Suntec Tower Two S<strong>in</strong>gapore 038989<br />
Tel: (65) 6221 2336 | Fax: (65) 6220 6684<br />
E-mail: talk2us@scidoma<strong>in</strong>.org.sg | Website: www.scicollege.org.sg
About the S<strong>in</strong>gapore College of Insurance<br />
The S<strong>in</strong>gapore College of Insurance (SCI) is a not-for-profit, <strong>in</strong>dustry-based tra<strong>in</strong><strong>in</strong>g and professional education provider that<br />
was set up <strong>in</strong> 1974 <strong>in</strong> support of S<strong>in</strong>gapore’s aspiration to be a major <strong>in</strong>ternational f<strong>in</strong>ancial centre <strong>in</strong> the region. For over 30<br />
years now, SCI has drawn on its passion for <strong>in</strong>dustry development and cont<strong>in</strong>uous learn<strong>in</strong>g <strong>in</strong> the fields of Insurance, Risk<br />
Management and F<strong>in</strong>ancial Services to build a strong <strong>in</strong>ternational reputation for high quality, <strong>in</strong>dustry-relevant tra<strong>in</strong><strong>in</strong>g and<br />
education programmes that cater to the learn<strong>in</strong>g needs of more than 450,000 <strong>in</strong>dustry professionals from all across Asia.<br />
Today, SCI is strategically positioned to lead the revolution towards greater professionalism <strong>in</strong> the <strong>in</strong>dustry by ensur<strong>in</strong>g<br />
its broad portfolio of qualifications, education, cont<strong>in</strong>u<strong>in</strong>g professional development programmes and customised tra<strong>in</strong><strong>in</strong>g<br />
solutions are consistent with and aligned to <strong>in</strong>ternational best practice and competency standards expected of <strong>in</strong>surance<br />
and f<strong>in</strong>ancial services professionals operat<strong>in</strong>g <strong>in</strong> an <strong>in</strong>creas<strong>in</strong>gly globalised market environment.<br />
About Certification & Competencies Programmes<br />
The C 2 series of compulsory and regulatory licens<strong>in</strong>g exam<strong>in</strong>ations, certifiable skills courses, as well as diploma programmes<br />
conducted by the SCI are aimed at enhanc<strong>in</strong>g the knowledge and skill competencies of <strong>in</strong>surance and f<strong>in</strong>ancial services<br />
practitioners.<br />
Other C 2 Programmes conducted by the SCI are:<br />
• <strong>Certificate</strong> <strong>in</strong> <strong>General</strong> Insurance<br />
• Health Insurance Certification Programme<br />
• BCP & ComGI Certification Programme<br />
• BCP & PGI Certification Programme<br />
• <strong>Certificate</strong> <strong>in</strong> Re<strong>in</strong>surance<br />
Other C 2 exam<strong>in</strong>ations offered by the SCI are:<br />
• CMFAS Module 5: Rules and Regulations for F<strong>in</strong>ancial Advisory Services<br />
• CMFAS Module 8: Collective Investment Schemes<br />
• CMFAS Module 9: Life Insurance and Investment-L<strong>in</strong>ked Policies<br />
• Basic Competency Exam<strong>in</strong>ation<br />
• <strong>Diploma</strong> <strong>in</strong> Life Insurance<br />
• <strong>Diploma</strong> <strong>in</strong> F<strong>in</strong>ancial Plann<strong>in</strong>g<br />
• <strong>Diploma</strong> <strong>in</strong> <strong>General</strong> Insurance & Risk Management<br />
• Advanced <strong>Diploma</strong> <strong>in</strong> <strong>General</strong> Insurance & Risk Management<br />
Visit the SCI website at www.scicollege.org.sg to f<strong>in</strong>d out more.