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Become a Skilled Insurance Underwriter
The Occupational Certificate: Insurance Agent (Insurance Underwriter) NQF Level 5 prepares learners to evaluate risk, make sound underwriting decisions and protect the interests of clients, insurers and other stakeholders.
Learners develop the technical knowledge and workplace competence needed to determine, price, manage and transfer insurance risk.
The programme is available in three insurance specialisations:
Short-Term Insurance Underwriting
Long-Term Insurance Underwriting
Medical or Health Insurance Underwriting
SAQA ID: 91784
Occupational curriculum code: 332101001
NQF Level: 5
Credits: 156
Duration: Approximately 12 to 18 months
Entry requirement: Grade 12 or equivalent, or at least five years of insurance experience
You will develop the ability to:
Apply underwriting procedures and administrative practices
Evaluate risk information and determine a risk profile
Manage exposure to insurance risk
Apply legal and insurance principles
Make informed underwriting recommendations
Interpret policy terms, benefits, exclusions and conditions
Apply product knowledge when assessing risk
Rate and price insurance risks
Make responsible and commercially sound underwriting decisions
This programme is ideal for:
Insurance underwriters
Underwriting assistants
Personal and commercial lines underwriters
Long-term insurance underwriters
Medical or health insurance underwriters
Reinsurance employees
Claims professionals
Product-development employees
Insurance brokers and consultants
Experienced insurance employees seeking formal recognition
Employees preparing for more specialised underwriting responsibilities
The qualification combines three integrated learning components.
Knowledge modules — 48 credits
Administration and record-keeping in insurance
Insurance risk management for underwriters
Legal and insurance principles
Rating and pricing insurance risks and products
Practical skills modules — 40 credits
Applying operational and administrative procedures
Evaluating risk information
Determining risk profiles and managing exposure
Applying legal and insurance principles to underwriting recommendations
Applying product and pricing knowledge to underwrite profitable risks
Work-experience modules — 68 credits
Learners gain workplace experience in:
Maintaining accurate and effective underwriting records
Managing risk exposure
Applying legal and insurance principles
Applying competitive and appropriate risk ratings
The work-experience component must be completed in a suitable insurance workplace aligned with the learner’s specialisation.