Casualty Insurance Practice

Course Date: On demand
Location: Online
Time: 38 hours (10 modules)
Duration: Self-managed (12 months maximum)
Application Deadline: None

About the course

Casualty insurance is a highly specialised insurance product and requires many years of on-the-job training to reach a level of proficiency. Currently there is no single source of training or reading material available for this line of work in the South African market.

The financial services sector comprises about 23% of the total formal employment sector in South Africa, of which insurance is a substantial portion, yet skills shortages have plagued the short-term insurance industry for many years. While on-the-job training is the primary method of learning and development in the industry, this, in itself is not always effective due to work pressures and lack of availability of adequately skilled senior staff to dedicate their time to training. The regulatory pressures on companies operating in this space has also increased substantially in the past number of years and the training programmes have not kept pace with the requirements of the job. Qualified graduates also experience a gap between their formal training and the practical requirements of the job.

With the outbreak of the COVID-19 virus in early 2020, the world rapidly changed and exploring new ways of skills development, training and learning are no longer a luxury – they are an imperative. The working environment has rapidly changed, and remote working will become the norm in many companies. While there are many benefits to this, the real medium to long term effects of this will only be felt in years to come. One of the consequences will be the decline in on-the-job vocational training opportunities – especially for young, inexperienced staff. With no formal in-depth, specialised vocational training and development courses and material available in the market this will ultimately have a negative effect on the sustainability of the market as it impacts on the quality of risk decisions that insurance professionals make – affecting their risk carriers and their clients.

This short course in casualty insurance, which is at an advanced level, aims to address this critical skills shortage in the industry by providing graduates, insurance and legal professionals the opportunity to advance their careers with theoretical and practical, occupationally-relevant online training in casualty insurance practice. It also aims to equip intermediaries (brokers), risk managers, industries and professionals with the necessary tools to effectively identify, assess and manage the various casualty risks to which their clients or the particular profession or industry are exposed to and to give a deeper understanding on how these policies operate, as well as obtain the necessary CPD credits required by their respective industry bodies.

This is a practical hands-on course for all insurance practitioners – be they insurers, brokers, risk managers, loss adjusters or legal practitioners specialising in insurance litigation.

This self-paced online course will be presented in a blended learning format which includes a detailed training manual, videos, infographics and illustrative examples.

Course content

The course is self-paced and consists of 10 modules. Each module will be assessed online after it has been completed.

Module 1 – Introduction
Module 2 – The role players
Module 3 - The sources of legal liability
Module 4 - Legal and insurance concepts
Module 5 – The reading and interpretation of casualty policies
Module 6 – The common features of the casualty policy documents
Module 7 – An overview of the liability policy
Module 8 – An overview of the professional indemnity (PI) policy
Module 9 – The main differences between PI And liability policies
Module 10 – An overview of financial lines policies

Download a more detailed summary of each module.

For more information, please read through these frequently asked questions.

Registration

Available for purchase: 01 September 2024.
Your access to the course will be valid for 12 months after you have paid for your registration, so you have 12 months in which to complete the course, assessments included.