Membership Overview

Fellowship (FIISA)Associateship (AIISA)Licentiateship (LIISA)General IISA student
A Fellow is a practicing professional who can operate in senior management positions or in a specialist role or specialist insurance operations such as an intermediary or underwriting management agency.

Academic

Insurance qualification at NQF Level 7 or higher that has been approved by IISA or to be verified by IISA. The qualification must have at least 4 of the following subjects/modules which are mandatory knowledge areas for this designation:
  • Economics
  • Strategic management
  • Leadership
  • Management
  • Finance management for non-financial managers
  • Investment management
  • Corporate Governance
  • Marketing management

Insurance Industry Experience

  • At least five years' industry experience, including one year as a practicing Associate member and
  • Employed within the insurance industry or related field within the SADC region.
An Associate is a practicing professional who capable of identifying client's needs through a comprehensive risk analysis process, within a specialist insurance environment, is capable of developing a risk management plan that will assist the client to mitigate, avoid or manage the identified insurance risks including specialist insurance risks.

Academic

Insurance qualification at NQF Level 6 that has been approved by IISA or to be verified by IISA. The qualification must have the following subjects/modules which are mandatory knowledge areas for this designation:
  • Liability Insurance
  • Regulatory framework
  • Insurance intermediaries
  • Interruption insurance
And two of the knowledge areas stated below:
  • Reinsurance
  • Claims Management
  • Property Insurance

Insurance Industry Experience

  • One year as a practicing a Licentiate member
  • At least three years' industry experience or related sphere of business within the SADC region and
  • Employed within the insurance industry or related field
A Licentiate is a practicing professional who is capable of identifying client 's needs through a comprehensive risk analysis process and, with a general view, is capable of developing a risk management plan that will assist the client to mitigate, avoid or manage the identified insurance risks.

Academic

Insurance qualification at NQF Level 5 that has been approved by IISA or to be verified by IISA. The qualification must have the following subjects/modules which are mandatory knowledge areas for this designation:
  • Risk Management
  • Insurance Law – short term
  • Personal Insurance Practice
  • Commercial Insurance Practice
And two of the knowledge areas stated below:
  • Transportation
  • Specialist Insurance (Aviation, Marine, Construction and Engineering)
  • Claims Management
  • Motor Insurance
The following knowledge areas apply to the long term insurance stream:
  • Risk Management
  • Insurance Law – long term
  • Life Underwriting
  • Life Claims
  • Health Insurance
  • Business Life Insurance
And two of the knowledge areas stated below:
  • Transportation
  • Specialist Insurance (Aviation, Marine, Construction and Engineering)
  • Claims Management
  • Motor Insurance

Insurance Industry Experience

The individual must have practised within the insurance industry or financial services in the SADC region for at least one-year post obtaining their insurance qualification.
The general membership category has been reviewed and will no longer have three different levels (Level 1, 2 and 3). All general members will now fall into one category. The following qualifications/certificates are considered for an individual to be recognised within the general membership category.

Academic

  • Certificate of Proficiency (CoP) or
  • Unisa Elements programme or
  • Inseta certificate at NQF Level 4 (30 or 60 credits) or
  • Intermediate certificate in Business Studies (ICiBS) or
  • NQF L4 programme or UNISA Introductory programme or
  • Certificate in wealth management or risk management level 4 (INSETA) or
  • Certificate in insurance (CII) or
  • FSCA recognised qualification related to financial services or
  • Tertiary qualification related to the financial services sector as per the FSCA list or
  • Relevant 60 credit programme (INSETA) or
  • FET certificate in Short Term or Long Term Insurance level 4 (FET College) 140 credits

Insurance Industry Experience

To qualify within this category an individual must
  • Be practicing within the insurance industry or related sphere of business within the SADC region and
  • Should be studying further in the field.
This category caters for individuals who have the following qualifications/certificates:
  • Matric certificate or
  • Equivalent NQF Level 4
For an individual to be recognised for this membership category, they must be studying towards an insurance qualification or a qualification that could be recognised for professional designations or a qualification as approved by the FSCA for FAIS purposes.

IISA Membership

The IISA is the South African Qualifications Authority approved professional body that awards professional designations to qualifying individuals within the short term insurance Industry. Being an affiliated professional member of the IISA positions one in good standing and indicates that the member has undergone extensive insurance training and has acquired the necessary experience at the various levels.

In order to become a professional member of the IISA, an individual must have completed either:
  • Insurance related academic qualification
  • Experience in the insurance industry
  • Professional standards set by IISA
  • Adherence to the Continuing Professional Development requirements
  • Adherence to professional conduct
  • Ensure payment of membership fee
For any membership queries please email This email address is being protected from spambots. You need JavaScript enabled to view it.

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