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FAIS Fit and ProperWorking together for a skilled tomorrow
Presentation overview
• A reminder of our objectives
• 2007
• 2008• 2008
• A look at the categories
• Questions
A reminder of our objectives
Background
• Project rationale:• Afford new entrants opportunity to gain credits
towards FAIS compliance
• Those that have credits from 2004 – could gain additional credits
• To standardise summative assessment• To standardise summative assessment
• A solution to the sector
Assessment tool development process
• Industry subject matter expertsto form part of assessment team
• Under scrutiny of IIE QA processes
and systems (adhere to CHE, UMALUSI
and INSETA assessment practices)and INSETA assessment practices)
• Develop a suite of assessment instruments for categories A,B,C and electives
• Format of assessments to facilitate ease of
application while maintaining academic rigour
Assessment Logistics
• National Head of Fit and
Proper Examinations
• National Exam Logistics Team
• Regional Exam Logistics Coordinators
• National Marking Centre
• National Call Centre
• Exam centers country wide (to be agreed with
INSETA) – to be leveraged off existing
infrastructure where appropriate
Quality Assurance Roleplayers
• INSETA
• IIE
• Industry experts to develop and moderate
Historically speaking : 2004
• Long Term A (category 1) [minimum 12 credits]
• Long Term B [minimum 15 credits]
• Long Term C [minimum 30 credits]
• Friendly Societies [minimum 15 credits]
• Short Term Personal [minimum 15 credits]
• Short Term Commercial [minimum 30 credits]• Short Term Commercial [minimum 30 credits]
• Pension Fund Benefits [minimum 30 credits]
• Retail Fund Benefits [minimum 30 credits]
• Collective Investments [minimum 30 credits]
• Health Benefits [minimum 30 credits]
Implementation of the project 2007-9
• The INSETA FAIS Fit and
Proper Project is being implemented
in two phases:
• Phase 1: • Phase 1:
• National Assessments were conducted in November 2007
• Phase 2:
• Curriculum, Learning Material, RPL Tools, National Assessments
(June + November 2008/2009)
20072007
National Assessments - 2007
• 2007:• The first National Assessment followed a similar
format and process as that done in 2004
• The various “papers” covered unit standards notcovered in 2004
Geographic Representation 07
INSETA FAIS ACTIVITY PER PROVINCE
Province Town Total 2007
Western Cape Cape Town 63
Eastern Cape: Port Elizabeth 46
Northern Cape Kimberley 1
Kwa Zulu Natal Durban 237
Free State Bloemfontein 5
Northern Province Polokwane 13
North West Province Klerksdorp 4
Mpumalanga Nelspruit 4
Gauteng: Sandton 211
Pretoria 20
Grand Total 604
Results ‘07
• Overall 550 candidates
completed assessments• CAT A - 32 candidates
• CAT B1 - 172 candidates
• CAT B2 - 226 candidates• CAT B2 - 226 candidates
• CAT C - 120 candidates
Overall pass rate ‘07
20082008
National Assessments – 2008
• 2008:• Papers follow same format and process as in 2007
• Various second round “papers” cover unit standards notcovered in 2007
• The questions designed in the form of case studies with a multiple choice selectionmultiple choice selection
• The content of the case studies will assess – in a rigorous and responsible way – knowledge, cognitive skills, analyticalskills, logical thought, etc.
• Educational integrity underpins the design of the assessments
Enrolment Profile
• 3392 total enrolments as follows:• Blacks – 2404
• White – 520
• Coloured – 400
• Indian – 68
Category A
67%
No. of Students
CAT A First Round 455
Section 1, Ethics and Customer Care 453
Section 2, Law 455
Section 3, Insurance Product + Finance 455
81%
Section 3, Insurance Product + Finance 455
CAT A Second Round 8
Section 1, Ethics and Customer Care 8
Section 2, Law 8
Section 3, Insurance Product + Finance 8
Category B1
63%
No. of Students
CAT B1 First Round 445
Section 1, Law and Ethics 433
Section 2, General Cluster 432
Section 3, Short Term Personal Lines 280 63%
62%
Section 3, Short Term Personal Lines 280
Section 4, Section 4, Long Term - Category B 167
CAT B1 Second Round 163
Section 1, Law and Ethics 162
Section 2, General Cluster 160
Section 3, Short Term Personal Lines 75
Section 4, Section 4, Long Term - Category B 86
Category B2
72%
No. of Students
CAT B2 First Round 348
Section 1, Law and Ethics 329
Section 2, General Cluster 329
Section 3, Marine and Transportation 29
Section 4, Agriculture 7
Section 5, General Commercial Insurance 228
Section 6, General Business Insurance 96
70%
CAT B2 Second Round 241
Section 1, Law and Ethics 230
Section 2, General Cluster 231
Section 3, Marine and Transportation 6
Section 4, Agriculture 4
Section 5, General Commercial Insurance 129
Section 6, General Business Insurance 101
Section 7, Engineering 6
Category C
52%
No. of Students
CAT C First Round 582
Section 1, Ethics 564
Section 2, General Cluster 548
Section 3, Financial Planning 417
Section 4, Pension Fund 44
Section 5, Retail Pension Benefits 40
Section 6, General Business Insurance 71
55%
Section 7, Collective Investments 38
CAT C Second Round 189
Section 1, Law and Ethics 156
Section 2, General Cluster 143
Section 3, Marine and Transportation 104
Section 4, Agriculture 40
Section 5, General Commercial Insurance 36
Section 6, General Business Insurance 52
Section 7, Collective Investments 25
Overall pass rate ‘08
Success Stories
Category A
ID Number Ethics and Customer Care % Law %
Insurance Product +
Finance % Total %
4003155124084 76 68 84 76
4112270124083 88 68 72 76
4505285048082 92 80 88 87
4601185118081 92 72 76 80
4604225029086 76 64 80 74
4609175159080 80 84 96 87
4712110522089 80 76 64 74
Success Stories
Category B2 Commercial Lines
ID Number Law and
Ethics %
General
Cluster %
Marine and
Transportation %
General
Commercial
Insurance %
General
Business
Insurance %
Total %
4105135101080 63 63 66 64
4105315088081 75 72 66 71
4203255003085 83 72 69 754203255003085 83 72 69 75
4209235084087 89 72 46 69
4411030109081 83 80 72 79
4501045137083 60 83 66 70
4701280102087 60 60
4705045095086 89 75 55 73
Success Stories
Category C
ID Number Ethics %
General
Cluster %
Financial
Planning %
Pension
Fund %
Retail
Pension
Benefits %
Health
Services
Benefits %
Collective
Investments % Total %
3308135010084 63 70 60 65
3412135060089 70 73 98 81
3707245009086 73 78 78 773707245009086 73 78 78 77
3903305076087 53 45 45 48
4010060032088 53 50 65 56
4012045079085 78 85 93 86
4106235428084 65 50 58
A look at the categories
Categories 2007/08(First Round + Second Round)
• Category A: Long term category A• Candidates may elect to write any combination of
sections within this assessment, in order to fulfill their personal outstanding credit requirement
• The assessment consisted of:
• Section 1 – Law• Section 1 – Law
• Section 2 – Ethics and Customer Care
• Section 3 – Insurance Product and Finance
• Learners are FAIS compliant after onesitting i.e. 30 credits minimum
Categories 2007/08(First Round + Second Round)
• Category B1: Short term personal
lines, long term category B• Candidates may elect to write any combination of sections
within this assessment, in order to fulfill their personal outstanding credit requirement
• Candidates must not answer more than three questions• Candidates must not answer more than three questions
• The assessment will consist of:
• Section 1 – Law and Ethics
• Section 2 – General Cluster
Categories 2007/08(First Round + Second Round)
• Elective – Candidates may select
to answer full questions from the two
electives below i.e. the whole of 3 and/or 4• Section 3 – Short Term Personal Lines
and/orand/or
• Section 4 – Long Term Category B
• Learners are FAIS compliant after onesitting i.e. 30 credits
Categories 2007/08(First Round)
• Category B2: Short term commercial lines • Candidates may elect to write any combination of sections
within this assessment, in order to fulfill their personal outstanding credit requirement. Candidates must not answer more than three questions
• The assessment will consist of:• The assessment will consist of:
• Section 1 – Law and Ethics
• Section 2 – General Cluster
Categories 2007/08(First Round)
• Category B2: Short term commercial lines • Elective – Candidates may select to answer full questions
from the four electives below i.e. the whole of 3 and/or 4 etc.:
and/or
• Section 3 – General Commercial Insurance
and/orand/or
• Section 4 – General Business Insurance
• Learners are FAIS compliant after twosittings i.e. 60 credits
Categories 2007/08(Second Round)
• Category B2: Short term commercial lines• Candidates may elect to write any combination of sections
within this assessment, in order to fulfill their personal outstanding credit requirement. Candidates must not answer more than three questions.
• The assessment will consist of:• The assessment will consist of:
• Section 1 – Law and Ethics
• Section 2 – General Cluster
Categories 2007/08(Second Round)
• Category B2: Short term commercial lines• Elective – Candidates may select to answer full questions
from the four electives below i.e. the whole of 3 and/or 4 etc.:
• Section 3 – Marine and Transportation and/or
• Section 4 – Agriculture and/or
• Section 5 – General Commercial Insurance and/or• Section 5 – General Commercial Insurance and/or
• Section 6 – General Business Insurance
• Section 7 – Engineering Insurance
• Learners are FAIS compliant after twosittings i.e. 60 credits
Categories 2007/08(First Round + Second Round)
• Category C: Long term Cat C, pension
funds, retail pension benefits, collective
investments, health service benefits• Candidates may elect to write any combination of sections
within this assessment, in order to fulfill their personal within this assessment, in order to fulfill their personal outstanding credit requirement. Candidates must not answer more than three questions
• The assessment will consist of:
• Section 1 – Question 1 – Ethics
• Section 2 – Question 2 – General Cluster
Categories 2007/08(First Round + Second Round)
• Category C: Long term Cat C, pension
funds, retail pension benefits, collective
investments, health service benefits• Elective – Candidates may select to answer full questions
from the five electives below i.e. the whole of 3 and/or 4 etc.:from the five electives below i.e. the whole of 3 and/or 4 etc.:
• Section 3 – Financial Planning and/or
• Section 4 – Pension Fund Benefits and/or
• Section 5 – Retail Pension Benefits and/or
• Section 6 – Health Services Benefits and/or
• Section 7 – Collective Investments
• Learners are FAIS compliant after two sittings i.e. 60 credits
Candidate registration
• Registration form to be completed
online and faxed to (011) 326 4073
• Telephonic enquiries call (011) 886 0042
• Website
Payment options
• Online payments
• Direct deposits
Questions?