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Finance, Insurance

Guernsey Certificate in International Insurance Management

Course details

Start Date

20 June 2024

CPD Points

75

Cost

£200

Length

3-6 months self-study (75 hours at 4-8 hours a week). Start Date: Anytime. Exams are held 3 times a year, dates TBC.

Location

GTA University Centre

Course Overview

This six-month (75 hour) Certificate in International Insurance Management is a new certificated qualification developed by the Sagacious Group of experienced insurance professionals in conjunction with the Guernsey International Insurance Association (GIIA) and the GTA University Centre.

This self-study qualification has been designed to give candidates actionable, practical knowledge of all facets of the Guernsey international insurance industry. Candidates will get to grips with a variety of topics relevant to the Guernsey international insurance industry from governing laws, governance and basic principles to the specifics of captive insurance and index linked securities.

Accredited by CII.



Course Content

This qualification covers a broad range of insurance topics specific and relevant to Guernsey including:

  • Captives including domiciles, feasibility, initial decision making at set-up, formation and licencing and exit strategies
  • Guernsey Insurance law including the regulatory environment in Guernsey
  • Calculating solvency
  • The role of the Insurance Manager
  • Underwriting – General Business and Employee Benefits
  • Credit Ratings
  • Insurance Policy Administration
  • Reinsurance Protection
  • Claims and Reserving
  • Accounting
  • Investments and loans
  • Taxation
  • Compliance
  • Governance, Conduct and Ethics
  • Professional Advisors and Services including bankers, actuaries, auditors, asset managers, brokers and claims handlers.
  • The role of the company secretary
  • Index Linked Securities
  • Long term business
  • Pension longevity hedging
  • Managing General Agents and Delegated Authority Underwriting
  • Commercial General Insurance

An introduction to each qualification, learning objectives and the course material can be found via the link to the GIIA website here.

Course Benefits

This course will help those working in the sector to extend their knowledge of the subject, better understand their roles, and progress their careers whilst providing course material that will facilitate learning.

After undertaking the course candidates will be able to identify key areas of the Guernsey international insurance industry and have a grasp of how they work and fit together.

For those not working in the sector this course will provide a sound understanding of how international insurance works, and in particular how it operates in Guernsey.

Assessment

Candidates will undertake a multiple choice question examination at the completion of their self-study.

Delegates participating in the accredited Guernsey Certificate in International Insurance Management can claim up to 75 CPD hours towards the CII member CPD scheme. The following link contains further information on the CII CPD scheme here.

Prerequisites

The Certificate is open to anyone who is pursuing a career in the Guernsey insurance sector or who is interested in doing so. The course is pitched at a level 3 standard and the content of the programme requires students to possess:

  • a sound educational background; and
  • good written English skills.

Next Steps

Once booking approved you will receive a confirmation email form us, along with a short application form and data protection consent form to complete. Once both completed forms returned to us, a further email with links to supporting course materials and GIIA point of contact assigned. IF you have any questions, please get in touch via [email protected]

Testimonials

    The GIIA course material was comprehensive, covering all areas relevant to international insurance and providing an in-depth insight into Guernsey insurance.

    I would definitely recommend the course to anyone who wishes to pursue a career in insurance in Guernsey and those who are currently in the industry for their continuous professional development.

    Rutendo Rumano

    It is very pleasing that the hard work of so many volunteers to create this course has been rewarded with all candidates passing at the first exam sitting and one with Distinction

    Nick Wild

The GIIA course material was comprehensive, covering all areas relevant to international insurance and providing an in-depth insight into Guernsey insurance.

I would definitely recommend the course to anyone who wishes to pursue a career in insurance in Guernsey and those who are currently in the industry for their continuous professional development.

Rutendo Rumano

It is very pleasing that the hard work of so many volunteers to create this course has been rewarded with all candidates passing at the first exam sitting and one with Distinction

Nick Wild

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.