Format:   Course 
Level:   Introductory
Duration:   30 mins
CPD Points:   0.5

Some 2000 years before the birth of Christ, merchants in the Babylonian Empire were repeatedly falling victim to robbers on their long travels through inhospitable regions.  This prompted them to join their caravans together into larger groups so that they could defend themselves more effectively.  Before long, they went a step further: when one merchant suffered a loss on a joint trip, the loss would be shared among the others. This risk community laid the foundation for what we now call insurance.

Format:   Course
Level:   Introductory
Duration:   1 hour
CPD Points:   1

In this course we look at how insurable risks are classified into different groups and what factors are considered when underwriting these risks.  You will learn what type of insurance will help you to protect against which risk and how to figure out all the evaluating factors that help decide your premium.

Format:   Course
Level:   Introductory
Duration:   1 hour
CPD Points:   1

The services insurance provides are critical to the running of a modern economy.  Insurance allows both businesses and individuals to minimise the impact of financial loss resulting from the occurrence of future events and enables policyholders to organise a household budget or plan business activities with greater security.  Without insurance many aspects of a free market economy would simply not function.

Format:   Course 
Level:   Introductory
Duration:   1 hour
CPD Points:   1

This course discusses the concepts of underwriting and claims. It describes the basic principles of underwriting and the basis for calculating the premium. The course also outlines the claims handling procedure.

Format:   Course 
Level:   Advanced
Duration:   1 hour
CPD Points:   1

Lloyd's is a unique insurance market that has evolved out of the activities of a City of London coffee house of that name in 1688.  Today's massive organisation enables its members to write insurance business in over 120 countries.  It covers the full spectrum of insurance business but is probably best known for reinsurance, marine and aviation, professional indemnity and speciality areas.

Format:   Course
Level:   Advanced
Duration:  2 hours
CPD Points:   2

Business interruption, also known as Loss of Profits or Consequential Loss insurance, indemnifies a business for those costs that cannot be stopped or reduced in proportion to the reduction of sales caused by a fire, machinery breakdown or other insured peril.  Cover may include loss of gross profit, wages and additional costs of working.

Format:   Course 
Level:   Advanced
Duration:   2 hours
CPD Points:   2

Asset all risks (AAR) insurance is a class of property policy which draws together a variety of policy types in the property and crime classes arena into a single package.  Wordings are extremely complex and difficult to compile, not least because they are usually tailor-made.

PRE-REGISTER: COMING DECEMBER 2019

Format:   Course
Level:   Introductory
Duration:   1 hour
CPD Points:   1

Insurance isn't soap, it isn't baked beans, it isn't a chocolate.  It is a piece of paper with a promise to pay.  It offers no immediate consumer satisfaction - it isn't glamourous - at best it's a painful necessity.  An insurer's 'product' consists of a complex, conditional promise.  The fundamental value proposition of a insurer is the transfer of risk from the insured to the insurer for an agreed price, the premium.

PRE-REGISTER: COMING DECEMBER 2019

Format:   Course 
Level:   Introductory
Duration:   2 hours
CPD Points:   2

Historically, new entrants to insurance often started their career in the personal lines of domestic insurance department.  Today this is less usual.  It is true however that in South Africa we tend to view personal lines insurance as not quite as skilled as commercial insurance.  Most people's first encounter with insurance is when they take out cover for their own house, care or flat.  The Personal Lines Department is the department that handles the insurance covering: houseowners (buildings); householders (contents); all risks; personal accident; personal liability; and pleasure craft.

PRE-REGISTER: COMING DECEMBER 2019

Format:   Course 
Level:   Intermediate
Duration:   1 hour
CPD Points:   1

The formalised insurance market has grown up over a period of 300 years although it existed in an informal sense through risk-sharing ventures for centuries before that.  The primary insurer is the cornerstone around which the entire insurance market fits.  This is the organisation that accepts the transfer of risk from the customer/purchaser of insurance and contracts to pay out valid claims.  Although some primary insurers offer their products direct to the customer, the majority of insurance product is sold via distributors, who take a commission from the insurance premium charged to the customer for the service performed.

PRE-REGISTER: COMING DECEMBER 2019

Format:   Course
Level:   Introductory
Duration:   1 hour
CPD Points:   1

Self insurance is a conscious choice to retain the risk.  It is insurance that a business organisation finances internally (sometimes by establishing a dedicated fund to meet losses). It may take the form of a deductible or an aggregate excess, in which event  it is often referred to as the self-insured portion of the risk.