The basic principles of the insurance market and of insurance contract regulation (life & non-life)

Target group

The training is primarily intended for persons:

• who perform a regulated function, in particular:
  • those who are exempted from the examinations by their diploma;
  • those who have obtained a knowledge certificate:
    • before 2021, in order to acquire with this refresher course the knowledge as required by the IDD (module 1.1);
    • since 2021, to refresh and deepen the acquired knowledge through this refresher course;
  • who exercise a function other than insurance distribution and wish to become acquainted with the insurance business, without having to take any exams.

Required prior knowledge

Advanced level training: this training requires a general basic knowledge of the subject. 

Programme

CONTENT

• Part 1: Insurance market
  • Characteristics and evolution of the Belgian insurance market
  • The supervision of the Belgian insurance market
  • The European single market
  • Extra-judicial complaint handling
• Part 2: The main insurance products (object, insurable interest, main guarantees)
  • Insurance as a financial protection instrument
  • The insurances that can cover the financial consequences of the risks
• Part 3: Legislation applicable to the insurance contract

PRACTICAL INFORMATION 

• Duration: 12 hours
• Number of pages syllabus : +- 80 pages
• CPD hours: Each module includes an online test consisting of multiple-choice questions. CPD hours will only be granted if you pass the test. You are entitled to 2 attempts to pass the test. If you do not pass (result lower than 60%), CPD hours will not be granted for this (sub)module. We therefore recommend that you take the test only when you are sure you master the subject matter. 

Methodology

An ‘E-learning - distance learning’ is 100% self-study. It is a form of learning in which the participant processes individually, at his or her own pace, learning content that is provided in the form of a syllabus drawn up by the teacher. This content is provided in a digital format (PDF) via the MyFA learning platform, possibly supplemented with an exercise platform.

Course material :

• Syllabus 
• Exercise questions