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Basic
Certificate Course In Insurance Broking (BCCIB)
(35
Hours)
Intermediate Certificate Course In Insurance Broking (ICCIB) (42
Hours)
In
a competitive environment the broker's professional advice on how
organisations can maximise the benefits of insurance, can create a
competitive advantage for their clients.
To
provide such high level of service, a broking house requires extensive
knowledge of the products and a high commitment to professionalism from
all levels of staff.
This
course is designed to provide individuals engaged in insurance broking
with the necessary working knowledge and competency to ensure that they
are able to support an efficient broking operation. It will also provide a
strong knowledge foundation for staff in the broking sector to progress in
their careers in line with their career development and the strategic
directions of their companies.
BCCIB
Objectives
· To create an awareness of the nature of risks and their impact on
organizations and businesses
· To understand how risks are managed and to be aware of the basic
techniques of risk
management
· Understand the fundamental principles of insurance and their
applications in the various types of
insurance contracts
· To provide a basic understanding of the policy scopes of covers on a
wide range of insurance
products which brokers can offer
· To be aware of the functions of broking and other operational aspects
of insurance broking
· To instill sense of professional responsibility on brokers in
delivering a consistently high standard
of service
Course Outline
PART I - An Introduction to Insurance
Basic Concepts
· The Concept of Risks
· Risk Management
· Insurable Risks
· Concepts of Insurance
· Functions of Insurance Legal
Aspect of Insurance
· Basic Principles of Insurance
· Insurance Act
· Law of Contract Insurance
and Reinsurance
· Classes of Insurance
· Reinsurance Insurance
Market
· History of Insurance
· Market Structure
· Tariff Regulations
· Inter-Company Agreements
· International Market of Insurance PART
II
· Insurance Broking
· Marketing and Placement of Insurance
· Code of Ethics
· Customer Service
· Customer Insurance Manuals
· Insurance Claims Service
· Panel Discussion
ICCIB
Objectives
At the end of the course, participants will have
· Greater understanding of the policy cover, exclusions, conditions and
extensions of the major
classes of insurance
· Sound appreciation of the application of underwriting, placement of
risks, claims services,
products development, business accounting and IT in insurance
broking practice
· The ability to present reasoned arguments and discussed situations
involving broking application
in given circumstances
· An awareness of the importance of an insurance broker's personal
professional image
Course Outline
Part A - Understanding & Application of Scope of Policy Cover,
Exclusions, Conditions and Extensions
· Property and Pecuniary Insurance
· Liability Insurance
· Insurance of the Person
· Engineering/Construction Insurance
· Marine and Aviation Insurance
Part B - The Broking Practice
· Insurance Broking Services
· Insurance Underwriting & Rating
· Introduction to Treaty Contract
· Insurance Claims Services
· Product Development
· Introduction to Large and Specialised Risks Scheme
· Business Accounting for Insurance Brokers
· Technology
Part C - Insurance Reports Manual
· Types of reports manual and their use
· Cross checking clients' insurance report manual information
· Drafting a new business reports manual
Part D - Insurance Broker as a Professional
· Conduct and Ethics
· Etiquette and Mannerism
· Personal Grooming
ADMISSION REQUIREMENTS
1. General Requirement
· Minimum SPM
· Written and oral proficiency of the English language
2. Applying for Intermediate Certificate Course in Insurance Broking (ICCIIB)
· Those who have satisfactorily passed the Basic Certificate Course In
Insurance Broking
OR
· Those who have acquired five continuous years of experience in
Insurance Broking. A letter of
confirmation from the Chief Executive Officer of the firm
that the participant is working must be
submitted together with the registration.
* Refer to Bank
Negara's Circular ref : Surat Pekeliling JPI:5/1999 dated 7 April 1999.
3. Learning Methods
· Lectures, Discussions and Assessment
4. Assessment and Attendance
· Class attendance is compulsory. Participants need to attain 80% class
attendance to qualify in
order to sit for the assessment.
REFUND
POLICY
1. Full Refund
Full refund applies only to rejected application or
where the class does not commence due
to unforeseen circumstances. 2.
No Refund
MII will not refund any fees if withdrawal is received
less than 14 days before the commencement
of the course REGISTRATION
POLICY
· Complete the registration form provided and mail together with your
cheque to the MII. Cheque must
reach MII 14 DAYS BEFORE the commencement date. Deadline to submit
registration form(s) is/are ONE
MONTH BEFORE the programme.
· Reservation for the course can be made by phone or fax but will be
confirmed upon receipt of the
registration form and full payment.
· A FULL FEE is chargeable if no written notice of cancellation is
received 14 DAYS BEFORE the course
commences or if the participant fails to report for the course.
· Cancellation after the deadline WILL NOT BE ENTERTAINED.
However, substitute participant(s) is/are
always welcome.
· The organiser reserves the right to reschedule or cancel the course due
to unforeseen circumstances
and will notify the contact person accordingly.
· Confirmation of the course will be notified to the contact
person/registered participant(s).
ASSESSMENT
CENTRE
· Kuala Lumpur
· Melaka
· Kota Bharu
· Penang
· Johor Bahru
· Kuching
· Ipoh
· Kuantan
· Miri
· Kota Kinabalu
· Sibu
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