Induction Certificates

Course details

Our series of induction certificates are entry level courses designed to provide a broad knowledge of principles and practice in General Insurance, Bancassurance, Takaful, Long term Insurance and Risk Management.

This series also includes preparatory courses for the IFCE mandated by SAMA in Saudi Arabia as well as the CII’s Award in General Insurance and the Award in Financial Planning mandated by various other regulatory authorities in the region.

BOTTOM LINE BENEFITS

At the end of each course certificate holders should be able to:

• Understand the concept of risk and its management and the role played by insurance
• Know the basic principles underlying insurance contracts
• Know the structure of the insurance market
• Be familiar with insurance terminology, practice and processes
• Be aware of the regulation and consumer protection framework in the insurance industry.
• Understand their role and functions within their organization.

RECOMMENDED FOR

These courses assume no knowledge of insurance and are aimed at under-graduates, new employees, job seekers and those already involved in the industry who wish to upgrade their skills and knowledge of insurance principles and practice.

They also serve as a minimum qualification for all employees engaged in the practice and distribution of insurance.

AWARD

• GII Certificate of Completion (only awarded to participants who pass the examination)
• Participants completing the Foundation in Insurance (or any other equivalent from another awarding body) plus any other course in this level from GII will be awarded the GII Certificate in Insurance Principles and Practice demonstrating that the holder has earned solid foundation knowledge of the industry.
• One credit towards designated inpidual membership of GII (AGII or FGII).
• Certificate holders may also be entitled to prior learning credits from the Chartered Insurance Institute. Check with GII registrar’s office for further details.

FORMAT

Thirty hours of structured classroom learning with tutor interaction, courseware, quizzes and case studies.

Trainees should complete a further 40 hours of private study before attempting the examination.

ASSESSMENT

A two hour paper consisting of 75 or 100 Multiple Choice Questions. 70% pass mark.

SUBJECTS OFFERED

FOUNDATION IN INSURANCE (ICIP)

Topics Covered:

• Unit 1: Risk and Insurance
• Unit 2: Insurance Principles
• Unit 3: The Insurance Market
• Unit 4: Insurance Processes
• Unit 5: Regulation, Business Conduct and Consumer Protection

GENERAL INSURANCE PRACTICE (ICGI)

Topics Covered:

• Unit 1: General Insurance Classes
• Unit 2: Underwriting & Risk Control
• Unit 3: The Policy and Other Documents
• Unit 4: Renewals and Cancellations
• Unit 5: Claims and Loss Minimization

BANCASSURANCE PRACTICE (ICBP)

Topics Covered:

• Unit 1: Introduction to Insurance
• Unit 2: Entering into Bancassurance
• Unit 3: Bancassurance Products
• Unit 4: Distribution and Marketing
• Unit 5: Technology, Training and Operational Procedures

INTRODUCTION TO RISK MANAGEMENT (ICRM)

Topics Covered:

• Unit 1: Risk Management Concepts and Scope
• Unit 2: The Risk Management Process
• Unit 3: Risk Assessment
• Unit 4: Risk Control
• Unit 5: Risk Finance
• Unit 6: Risk Management Practice

LONG TERM INSURANCE PRACTICE (ICLI)

Topics Covered:

• Unit 1: The Nature of Long Term business
• Unit 2: Protection products
• Unit 3: Savings and Investment Products
• Unit 4: Client’s Needs assessment
• Unit 5: Ethics and Code of Business Conduct

INTRODUCTION TO TAKAFUL (ICTK)

Topics Covered:

• Unit 1: Overview of Insurance and Takaful
• Unit 2: Structure of Takaful Operations
• Unit 3: Key Products & services
• Unit 4: Re-Takaful
• Unit 5: Key Markets and Developments