Applied Diploma in Risk and Insurance Management (Applied DFSM® - Risk and Insurance)

Why study for the Applied DFSM® - Risk and Insurance?

The Applied DFSM® - Risk and Insurance allows insurance professionals to build on their technical qualifications, with wider management training.

Achieve a new internationally recognised qualification.
Demonstrate your commitment to professional development.
Help you understand your role as part of your organisation within the financial services sector.
Gain the core foundation knowledge together with the specialist skills in risk and insurance management.
Assist your critical thinking and analysis.
Provide the opportunity to progress on to a BSc (Hons) degree

Course content

There are two routes to achieving the Applied DFSM® - Risk and Insurance:

If you are a holder of the Certificate in Insurance Practice (CIP) or Diploma in Insurance then you need to complete the compulsory module and two option modules
If you are a holder of the ACII or CII's Advanced Diploma in Insurance then you need to complete the compulsory module and one option module

Compulsory module:

Measuring Performance
- Syllabus
- Module Taster

Option modules:

Organisations and Individuals:
- Syllabus
- Module Taster
Financial Markets and Risk
- Syllabus
- Module Taster
Customers and their Needs
- Syllabus
- Module Taster

Entry requirements

Students must be aware that to achieve the overall award they must hold the CII's Advanced Diploma/ACII or the CII's Diploma in Insurance/CIP.

This guidance document contains examples of equivalences.

Students are required to have a minimum of GCSE grade C or equivalent in English Language and Mathematics. You must also have a level of proficiency, as exemplified for example by GCSE standard in ICT. Upon registration you may be contacted and asked to provide evidence that you meet these requirements. Please contact Customer and Student Enquiries if this FAQ does not answer your questions.

Qualification level

The full Diploma is assessed at first year UK undergraduate degree level.

Study time

Approximately 300 study hours per module.

By studying the recommended one module at a time, you should complete the Applied DFSM® - Risk and Insurance in approximately two years.

Study support

On registration of compulsory and option modules, students will be sent:

a dedicated set of learning materials
student induction materials

All students will be given access to:

My ifs Interactive Learning Environment;
ifs KnowledgeBank.

If you have any queries please contact Customer and Student Services on +44 (0) 1227 818609 or email customerservices@ifslearning.ac.uk.

Assessment

The Applied DFSM® - Risk and Insurance is assessed and awarded by the ifs School of Finance.

From 1 June 2008 the revised delivery model for the Applied DFSM® - Risk and Insurance was made available, which enables students to follow structured 24-week courses. The modules contain three assessment components to be completed at set points throughout the course – at 10 weeks, 16 weeks and 24 weeks – providing students with building blocks to achieve their aspirations.

The three assessment components are as follows:

An examination/test of knowledge and understanding after 10 weeks of study, of one hour’s duration. The examination will comprise 40 multiple-choice questions or, in the case of Organisations and Individuals, short written answers. Students will be provided with a “drill down” document showing the topic groups to be examined within the test. The examination will represent 30% of the overall assessment weighting for the full module.
Guided coursework (750 words) rrepresenting 20% of the overall weighting and submitted after 16 weeks of study. The assignment will allow students to demonstrate knowledge and understanding on a focused part of the syllabus and also to rehearse their research and writing skills. It will be marked and feedback provided by the tutor.
Final module assignment (2,500 words) providing the opportunity to demonstrate learning from across the syllabus and taking the form of a report based on a business case study. The assignment will be submitted after 24 weeks and will account for 50% of the overall module weighting.

All assessment components must be passed in order to complete the module.

The PDFSM timetable contains further information about course start dates and assessment deadlines under the new structure.

How do I study?

Distance learning, Approved Provider or distance learning with three workshops. For more information please see Study support and exam information for Diplomas.

Approved Provider courses of study commence in September, November, March and May.

Flexible Learning workshops will run four times a year. Please contact Learning Support on +44 (0) 1227 818637 for further information.

Cost

	Compulsory/option modules
Distance Learning	£665.00
Flexible Learning (incl 3 workshops)	£795.00
Approved Provider	£795.00

How to register

By post/fax - download and complete the application form (PDF format). To view this file you need to have Acrobat Reader installed on your computer. This is free and available from the Adobe website. When you have completed the form either send it to the address given on the form or fax it to +44 (0) 1227 784331.

Before enrolling onto this programme there are some online documents you must read, these are viewable in the essential info area.

More information

Call Customer and Student Enquiries on +44 (0) 1227 818609 or email customerservices@ifslearning.ac.uk.