The Insurance Institute of South Africa | IISA

The Insurance Institute

of South Africa

The IISA is a registered non-profit organisation established in 1966 by the industry to advance the insurance sector in South Africa and beyond. The primary responsibility of the institute to its members and the industry in general, is to promote the advancement of knowledge and skills, the maintenance of the highest level of standards and ethics as well as the professional development within the insurance industry.

As the premier knowledge and standards hub for insurance industry professionals in South Africa, IISA maintains close links with local and international organisations with a similar mandate to ensure that the membership and other affiliates keep abreast of the latest developments in the sector from around the world.

Purpose

To elevate the credibility of the insurance profession.

Vision

To be the leading professional body in insurance bringing prestige to the profession

Mission

To elevate and transform the insurance profession by continuously delivering quality programmes that contribute to skills development in the industry.

Mandate

The primary purpose of the Insurance Institute of South Africa is to build capacity within the insurance industry through skills development and greater levels of exposure to the insurance profession.

Elevating industry expertise since

1898

Accredited by SAQA since

2012

Trasforming insurance across Africa

Championing ethical leadership and continuous learning

Our ManagementIISA Non-Executive Board Members

The IISA traces its roots back to 1898 which was later renamed to the Insurance Institute of the Cape of Good Hope. It was agreed that the intentions of the institute are:

Form a library for the use of members;
Reading and discussion of original papers;
Encourage the younger members of the institute to a deeper study of insurance matters;
Watching of legislation affecting insurance in South Africa;
Raise the tone of the insurance profession in South Africa.

Following the evolution in the insurance education environment, it was agreed in 1966 to form a national central body to take over the educational responsibilities within the industry. This led to the formation of the Insurance Institute of South Africa. At formation the local institutes were members of the IISA. The IISA acted on behalf of the Charted Insurance Institute of London (CII) in the registration of examination students in Southern Africa.

1971

College of Insurance Feasibility Study

The IISA investigated all forms of further educational facilities including the feasibility of establishing a College of Insurance.

1971

1974

College of Insurance Formed

A College of Insurance was formed as part of the IISA. The college operated exclusively in Johannesburg from 1974, it expanded to Cape Town in 1977. The courses offered within the college of insurance followed the CII curriculum with localisation of some of the courses such as the law related courses.

1990

CII restructures syllabus

CII restructured its syllabus, the proposed changes had far reaching financial implications on the IISA as the new material would have to be localised and translated into Afrikaans.

1990

1994

IISA & CII broke ties

IISA broke ties with the CII study material and domesticated the South African Institute.

1994

Regulatory Changes

Regulatory changes introduced in 1994 precluded institutions like the IISA from offering tuition, this function was handed over to higher learning institutions.The College could not continue operating in its current format and it had to be separated from the Institute as the Institute could not provide educational services as well as qualifications leading to recognition of Associateship and Fellowship.

1994

2006

College Transfered to UNISA

The College was transferred to UNISA in 2006. The regulatory environment directed the IISA to becoming a professional body responsible for awarding professional designations to deserving individuals who comply with the personal standards and academic qualifications and skills determined by the Institute.

2012

Professional body for the insurance industry

IISA became the only professional body for the insurance industry approved by the South African Qualifications Authority and was required to have a continuous professional development programme (CPD). The IISA was no longer a provider of insurance education.

2012

Completed CPD Events

0

AIE Conference Attendees

0

Member Testimonials

0

Team Members

0

About IISA