Diploma / Advanced Diploma in General Insurance and Risk ...

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Examination Schedule Examinations are held in April and September each year. For details, please refer to the Examination Schedule at: www.scicollege.org.sg/examschedule.aspDGIRM Examination Format, Structure & Fees Modules GI01 to GI03 Please refer to: www.scicollege.org.sg/CGI_ExamStructure and www.scicollege.org.sg/CGI_ExamFees Module GI04 to GI011 Examination Format Duration 3 hours per module Minimum Passing Grade 55% per module out of a possible total of 200 marks as specified Written Format (Pen & Paper Mode) Based on short answer questions, case studies and essay questions Examination Structure Module GI04 to GI07 Part I 15 questions 120 marks Part II 2 questions 80 marks Module GI08 to GI11 Part I 9 questions 45 marks Part II 1 question 50 marks Part III 3 questions 105 marks NB: The Textbook will come with a Specimen Examination Paper (if available) for the candidate’s guidance. Examination Fees (inclusive of 7% GST) First Attempt The Fee payable for each module is inclusive of the Textbook. Each Subsequent Attempt No Textbook Given SCI Member Company Non-SCI Member Company SCI Member Company Non-SCI Member Company S$299.60 per module S$389.48 per module S$214.00 per module S$278.20 per module NB: In addition, a non-refundable registration fee of S$32.10 (inclusive of 7% GST) is payable for each application submitted. FSDF Incentives Enhanced to Spur Continued Talent Development To encourage financial institutions to continue to invest in training and upgrading their manpower capabilities, the Monetary Authority of Singapore (MAS) has increased its funding of training fees of the Financial Sector Development Fund (FSDF) under its Financial Training Scheme (FTS) from 50% to 70%. This enhancement is valid from 1 January 2009 to 31 December 2010. The FSDF incentives apply to only Singapore financial sector organisations that sponsor eligible participants to training programmes meeting qualifying criteria, namely sponsored trainees have to be executive level staff members physically based in Singapore. For enquiries, please contact the FSDF Secretariat directly at 6229 9396 or via e-mail at: fsdf@mas.gov.sg CII Membership Benefits CII membership gives you access to everything you need to plan and develop your career in any aspect of insurance for all CII examination levels, including discounted fees for the CII revision courses and examinations. For more information on the benefi ts, types and fees for membership, please refer to: www.scicollege.org.sg/CII-SCI/guidelines.asp#CIIMEMBER To apply for the CII membership to enjoy the benefi ts, you need to complete and submit the Online Membership Application Form at: www.scicollege.org.sg/CII-SCI/membership_new.asp SCI will submit your Application Form to the CII for processing and approval. The CII will reply to you directly. Programme Changes SCI solely reserves the right to make any changes (including the fees) to the DGIRM / ADGIRM programme owing to any unforeseen circumstances, or when it considers necessary or appropriate to do so. For the latest details, please refer to SCI website at: www.scicollege.org.sg/dgirm Exemption Request You may request for exemption of any SCI DGIRM / ADGIRM module if you hold a qualifi cation which you consider may provide the basis for exemption. To qualify for exemption of any SCI DGIRM / ADGIRM module, the qualification / subject(s) in consideration must strictly meet the following requirements: (1) The qualifi cation / subject(s) in consideration must match at least 80% of the syllabus of the SCI DGIRM / ADGIRM module to be exempted, and their assessment / examination must be of comparable standard to SCI assessments / examinations with a minimum of 70% match to SCI assessment / examination process. (2) The qualifi cation / subject(s) in consideration must have been obtained by taking the examination and not by exemption or transfer of credit from a course or programme previously taken. (3) The qualifi cation has been awarded by a recognised institution or professional body, and must not be more than 10 years from the date of application for exemption. NB: Not more than 2 module exemptions for each level of Diploma or Advanced Diploma will be granted. The candidate must register and pass module GI05: Legal Aspects of Insurance. You will be required to pay a non-refundable administration fee of S$53.50 (inclusive of 7% GST) for the processing of your application. Upon successful application and notifi cation, an exemption fee of S$149.80 (inclusive of 7% GST) is payable for each module exempted. If you wish to apply for any exemption, please submit your completed application online at: www.scicollege.org.sg/ExamEx.aspDGIRM Please note that any candidate who has passed the relevant CII units does not need to pay any exemption fee, if he or she wishes to join SCI DGIRM / ADGIRM programme. If you are a holder of the following SCI Certifi cate / Diploma or have passed the following examinations, you are automatically exempted from taking GI01, GI02 and GI03 modules of the SCI DGIRM programme, in which case no exemption fee is payable: (a) SCI Certifi cate in General Insurance (prior to year 2002); (b) SCI Diploma in General Insurance (Exempted from GI01, GI02, GI03, GI04, GI05, GI08 & GI09); (c) BCP, PGI and ComGI Examinations; (d) Any other equivalent qualifi cations offered by other academic or professional institutions as listed in Notice No: MAS 211, subject to submission of supporting documentary evidence to SCI. TT/SCI/21-09-2010
Brief Description Of Modules Who Would Benefit Certificate Level (GI01 -GI03) Advanced Certificate Level (GI01 -GI05) Diploma Level (GI01 -GI07) GI01: Basic Insurance Concepts and Principles (BCP) Acquire knowledge and understanding of the structure of the Singapore insurance market, insurance concepts and principles, insurance documents, claims and reinsurance. GI02: Personal General Insurance (PGI) Acquire knowledge and understanding of the scope of coverage, underwriting considerations and claims procedures for the main Personal General Insurance lines. GI03: Commercial General Insurance (ComGI) Acquire knowledge and understanding of the scope of coverage, underwriting considerations and claims procedures for the main Commercial General Insurance classes. GI04: Risk and Insurance Acquire knowledge and understanding of insurance practice and industry regulations, and develop an understanding of the role of risk management in producing strategies for handling risk in an organisation. GI05: Legal Aspects of Insurance Acquire knowledge and understanding of the laws which underpin the operation of insurance, the system within which these laws operate, and deal with the principles of insurance contracts, as well as the regulatory structure, laws and regulations governing the insurance market in Singapore. GI06: Underwriting Practice Acquire knowledge and understanding of the business, regulatory and legal environment of underwriting, main infl uences on underwriting strategies, principles and practice of risk pricing. GI07: Insurance Company Operations Acquire knowledge and understanding of the objectives of business organisations, the functions that all insurance organisations must perform, and the regulatory environment in which insurance organisations operate. • Business Development and Marketing Managers /Executives / Officers • Underwriters / Underwriting Executives / Officers • Customer Service Managers / Executives / Officers • Claims Managers / Executives / Officers • General Insurance and Reinsurance Brokers • General Insurance Agents and Agency Offi cers • Risk Management Managers / Executives / Officers • Risk Surveyors and Loss Adjusters Also suitable for: • Any holder of SCI Certifi cation in General Insurance (passed BCP, PGI and ComGI), or its equivalent in accordance with Notice No: MAS 211 • Any holder of SCI Diploma in General Insurance • Insurance staff wishing to obtain a professional insurance qualifi cation for career advancement • Insurance staff wishing to build upon existing general academic qualifi cation, such as a degree, by obtaining an industry-specifi c qualifi cation Advanced Diploma Level (GI01 -GI11) GI08: Commercial Property Underwriting Acquire knowledge and understanding of the principles and practice of risk assessment, and underwriting in relation to property, pecuniary, construction and engineering insurances, the role of surveyors and inspection services, the ability to synthesise different aspects of the syllabus, and the application of knowledge and skills to practical situations. GI09: Commercial Liability Underwriting Acquire knowledge of the ways in which liability arises and of the duty of care owed, and the effect of a breach of that duty and the resultant damages, an understanding of the purpose and effect of the relevant legislation, the ability to synthesise different aspects of the syllabus, and the application of knowledge and skills to practical situations. GI10: Claims Management Acquire knowledge and understanding of claims philosophies, the implementation of claims systems, the management of claims functions and claims service, and the claims practice within the non-life insurance industry. GI11: Business and Economics Acquire awareness and broad knowledge of the environment in which businesses operate, the economic, ethical, operational and fi nancial framework applicable to companies.
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