PASIP – Professional Award for Specialist Insurance Practitioner
Overview
The BIBF Professional Award for Specialist Insurance Practitioner (PASIP) is designed to equip candidates with the necessary knowledge and skills in the specialized lines of Insurance as per local practice and to subsequently apply those concepts to real life scenarios.
PASIP Structure
The PASIP comprises of five compulsory modules as follow and can be taken in any order except for 4027 – Contemporary Issues and Trends in Insurance:
| Code | Unit | Pre-requisite | Assessment |
|---|---|---|---|
| 4023 | Legal Aspects of Insurance | Insurance Principles and Practice or ACIP | 2 hours proctored exam, 4 weeks after course completion |
| 4024 | Liability Insurance | Insurance Principles and Practice or ACIP | 2 hours proctored exam, 4 weeks after course completion |
| 4025 | Life Assurance | Insurance Principles and Practice or ACIP | 2 hours proctored exam, 4 weeks after course completion |
| 4026 | Reinsurance Principles and Application | Insurance Principles and Practice or ACIP | Final project of 3000 words |
| 4027 | Contemporary Issues and Trends in Insurance | Insurance Principles and Practice or ACIP | Final project of 3000 words |
Classroom Session & Attendance Policy
Four units (4023, 4024, 4025 and 4026) candidates will attend compulsory classroom and/ or online lectures comprising of 25 hours per module.
- 25 hours per module
- 5 days except for Contemporary Issues and Trends in Insurance
- 5 hours per day
with experienced faculty and conduct independent study until their final exam.
In order to be eligible to sit for the exam, the candidate must maintain a minimum 75% attendance per module, whether it is face to face classroom or virtual. A candidate falling below the minimum will not be eligible to sit for the module examination.
Target Audience
The PASIP is suitable for middle level professionals at core insurance functions such as underwriting, claim handling and reinsurance management as well as brokers and agents and managers of insurance portfolios in non-insurance organizations.
Additionally, it is suitable for insurance professionals at senior level working at support insurance functions such as finance and accounting, compliance, etc.
Admission Requirements
- Post-secondary school Diploma with 2 years of relevant insurance experience and 4018: Insurance Principles and Practice.
- Or Secondary school certificate with 5 years of relevant insurance experience and appropriate English fluency level (this will be assessed by an English language proficiency test through BIBF or by presenting a valid English certificate of an equivalency of IELTS level 5) and 4018: Insurance Principles and Practice.
- Or Award for Certified Insurance Practitioner (ACIP)
Note: Type of acceptable insurance experience is determined on case-by-case basis.
Programme Fees
- Member Organizations:
- GCC Nationals : Free of Charge
- Non-GCC Nationals : BHD 150
- Non-Member Organizations
- All Nationals : 600.000
- TWS Fees: Nil
- TWS Sponsored: No
