IISA - The Insurance Institute of South Africa

There are various levels of individual membership, which are awarded according to academic achievement in the insurance field, plus some other qualifying criteria relating to work experience in the insurance market.  Professional members pay an initial election fee and thereafter, a flat annual fee.

A summary of the various member levels follow below, but more detailed information can be requested from IISA.

All members have to abide by the IISA Code of Conduct for Members.

Members

This is the entry level membership for those who have just started with their insurance studies.  There are three options to become a member of the IISA:

Level 1: Certificate of Proficiency (CoP) (AOLSA) or Elements of Short Term/Life/Retirement Funds (Unisa CBM)

Level 2:  Intermediate Certificate in Business Studies (AOLSA)

Level 3:  FET Certificate in Short/Long Term Insurance or Introductory Programme in Insurance (Unisa CBM)

Licentiates

Licentiates of the IISA are those members who attained the IISA’s Higher Certificate in Insurance, Unisa’s IISA Programme in Short Term Insurance / Life Insurance / Retirement Fund Management, Milpark Business School's Higher Certificate in Short Term Insurance, or similar qualification.

Associates

Associates of the IISA are those members who attained the IISA Diploma in Insurance, or Unisa’s IISA Programme in Advanced Insurance Practice, or equivalent qualification.

Associates may use the abbreviation “Aiisa” after their names, e.g. Jane Smith Aiisa

Fellows

Fellows of the IISA are those members who attained an IISA Advanced Diploma in Insurance Management, or Unisa’s Advanced Programme in Risk Management plus IISA Programme in Advanced Insurance Practice, or equivalent qualifications.

Fellows may use the abbreviation “Fiisa” after their names, e.g. John Smith Fiisa.