SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Apply technical knowledge and insight to manage the risks inherent in a group scheme 
SAQA US ID UNIT STANDARD TITLE
119998  Apply technical knowledge and insight to manage the risks inherent in a group scheme 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended Senior Quotes or Tendering and Pricing Clerks in Group Business and Reinsurers in Long-Term insurance.

The qualifying learner is capable of:
  • Analysing the people related risk in a group proposal.
  • Applying knowledge of a specific industry to a group proposal.
  • Analysing financial aspects that could impact on risk in a group proposal.
  • Analysing group data to adjust a standard rate to reflect a group's risk accurately.
  • Suggesting changes to an organisation's system to allow for non standard requirements.
  • Analyse the free cover limit on a group scheme. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should be competent in Communication and Mathematical Literacy at Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Risks include, but are not limited to, average age, industry, occupational grouping, size of scheme, claims history of scheme, remuneration and company history.
  • Non-standard requirements as applied by specific insurers. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse people related risk in a group proposal. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    An employee risk profile is analysed to determine the associated risk. 

    ASSESSMENT CRITERION 2 
    The employee risk profile is applied to selected products to determine the impact on price. 

    SPECIFIC OUTCOME 2 
    Apply knowledge of a specific industry to a group proposal. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The specific occupations in a group are analysed to determine the spread of risk. 

    ASSESSMENT CRITERION 2 
    The risks inherent in the occupations and industrial environment are applied to determine the impact on price. 

    SPECIFIC OUTCOME 3 
    Analyse financial aspects that could impact on risk in a group proposal. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Remuneration within a group is analysed to determine the cost to different categories of employees. 

    ASSESSMENT CRITERION 2 
    The claims history of the group is investigated and applied to determine a price. 

    ASSESSMENT CRITERION 3 
    The company history is investigated from financial reports over the previous five years. 

    ASSESSMENT CRITERION 4 
    The history of group benefit providers to a group is investigated to identify risks to providers and members of the fund. 

    SPECIFIC OUTCOME 4 
    Analyse group data to adjust a standard rate to reflect a group's risk accurately. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Group data Is analysed and compared to current industry price. 

    ASSESSMENT CRITERION 2 
    A business decision is made and substantiated to adjust the standard rate for a specific group. 

    SPECIFIC OUTCOME 5 
    Suggest changes to an organisation's system to allow for non-standard requirements. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Non-standard requirements in a contract are identified and an indication is given of any changes needed to an organisation's electronic system and processes to accommodate the contract. 

    ASSESSMENT CRITERION 2 
    The effect of non-standard requirements on an organisation's business process are identified and communicated to the relevant parties. 

    ASSESSMENT CRITERION 3 
    The proposed changes are motivated in terms of bottom line profit. 

    SPECIFIC OUTCOME 6 
    Analyse the free cover limit on a group scheme. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The appropriateness of the free cover limit is analysed for a specific group scheme in order to make a recommendation. 

    ASSESSMENT CRITERION 2 
    The effect of individuals who fall above the free cover limit on the pricing of a group scheme is analysed for a specific scheme. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in making a business decision to adjust a standard rate for a group and suggesting changes require to an organisation's electronic system to accommodate non-standard requirements in a contract. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in analysing people related, financial aspects, and the history of providers and the claims history of a group. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively communicating the effect of non-standard requirements to the relevant parties. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  49834   National Certificate: Financial Services: Long-Term Risk Assessment  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  INSETA 
    Elective  66611   National Certificate: Wealth Management  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  49860   National Diploma: Financial Services: Long-Term Risk Assessment  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  INSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.