training within the short-term insurance industry

Ascension Business Academy

About Us

Ascension Business Academy (Pty) Ltd was registered in 2015. The company is accredited with INSETA and specialises in training within the short-term insurance industry. We generally operate in our niche area, being the provision of product training and specialist workshops. Ascension Business Academy currently offers ​Facilitated Workshop Learning only, but we are soon launching Distance Learning. 

We see ourselves as becoming the leading provider of technical short-term insurance and financial services related legislation workshops for the South African insurance industry. In particular, Ascension Business Academy will be the one-stop venue for all your annual CPD points as required by the Financial Sector Conduct Authority (FSCA) and the Insurance Institute of South Africa (IISA).  

Together… We are steps ahead

About The Owner

Ascension Business Academy is owned by Gordon Dewar (B. Com; A.I.I.S.A.), who first entered the insurance market in the personal lines underwriting department of National Employers’ General Insurance Co. Ltd in January 1979. Gordon later went on to specialise in commercial underwriting, with his last corporate position in 2002 being General Manager of Quicksure Commercial (Pty) Ltd, a commercial lines UMA. In 2003 Gordon started his own insurance risk surveying business, with various brokers, UMA’s and insurance companies among his clients.

In 2007 Gordon was approached by Damelin School of Banking and Insurance to lecture for them in the banking sector, on financial legislation and commercial subjects such as accounting and economics. Taking this on as a part-time interest, Gordon increasingly realised that lecturing was his calling, causing him to close the risk surveying business in 2012 and become a full-time lecturer. After eight years of lecturing for various training providers and colleges, Gordon decided to put his 41 years insurance experience to the test and start his own training company, namely Ascension Business Academy (Pty) Ltd.

Product Training

Ascension Business Academy designs and provides training workshops to insurers, UMA’s and brokers in understanding the content of policy wordings.

Cost: Price on enquiry. Product workshops differ in the number of hours that each workshop should encompass.

Workshops

FAIS RE1 for Key Individuals

A 2-day workshop preparing Key Individuals and Compliance Officers for the RE1 exam.

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  • Each day runs from 08h30 to 16h00. Students are supplied with hard copies of the extensive range of training slides. Content includes all the provisions of Board Notice 194 of 2017. 
  • Students are advised to purchase the LexisNexis Legislation Handbook for Regulatory Exams prior to registering for the workshop. The cost at the launch of this guide was R 345.

 

Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost
    Less than 4 Fixed cost: R 6 000 per day
    4 – 6 R 1 500 per day (Per student)
    7 – 10 R 1 250 per day (Per student)
    Over 10 Negotiable

    ​Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost 
    Less than 7 Fixed cost: R 8 000 per day
    7 – 10 R 1 600 per day (Per student)
    Over 10 Negotiable

    Training format: Distance Learning

    Number of Students Cost per Student
    Open to individuals R 1 200 for all course material

FAIS RE5 for Representatives

A 2-day workshop preparing the Representative for the FAIS RE5 exam.

Learn More
  • Each day runs from 08h30 to 16h00. Students are supplied with hard copies of the extensive range of training slides. Content includes all the provisions of Board Notice 194 of 2017.
  • Students are advised to purchase the LexisNexis Legislation Handbook for Regulatory Exams prior to registering for the workshop. The cost at launch of this guide was R 345.
Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R 6 000 per day
    6 – 10 R 1 000 per day (Per student)
    11 – 20 R 900 per day (Per student)
    Over 20 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 8 000 per day
    6 – 10 R 1 400 per day (Per student)
    11 – 20 R 1 250 per day (Per student)

    Training format: Distance Learning 

    Number of Students Cost per Student
    Open to individuals R 1 100 for all course material

FAIS – The implications of BN194 on Key Individuals and Representatives

 In order to understand the implications of recent changes to the FAIS Act, this 3.5-hour workshop is aimed at assisting those that passed the FAIS exams prior to 2018. ​This workshop gives 3.5 CPD points to all delegates that attend. In order to be granted CPD points, delegates must pass a short test written on the day of the workshop.

Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R 4 000
    6 – 8 R 650 (Per student)
    9 – 12 R 500 (Per student)
    Over 12 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 5 500
    6 – 8 R 900 (Per student)
    9 – 12 R 700 (Per student)
    Over 12 Negotiable

    Training format: Distance Learning

    Number of Students Cost per Student
    Open to individuals R 550 for all course material

Class of Business Training

​A 6-hour workshop given to Representatives under Supervision, followed within two weeks by a multiple-choice examination, as required by the FSCA.

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  • The workshop runs from 08h30 to 15h30, with the examination taking place within 10 working days. All Representatives under Supervision must be found Competent in this requirement. This training is also available to all other Representatives as a Continuous Professional Development (CPD) workshop, giving 6 CPD points. (NB: CPD points are not provided to Representatives under Supervision).  
Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R 6 500
    6 – 8 R 1 100 (Per student)
    9 – 12 R 900 (Per student)
    Over 12 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 8 500
    6 – 8 R 1 400 (Per student)
    9 – 12 R 1 200 (Per student)
    Over 12 Negotiable

    Training format: Distance Learning

    Number of Students Cost per Student
    Open to individuals R 600 for all course material

Policy Holder Protection Rules (Short-Term Insurance)

A 6-hour workshop aimed at the Short-Term Insurance Broker. This important course covers the full Policyholder Protection Rules, inclusive of the critical changes effective 2018 to 2020, brought in by the repeal of the previous rules. The workshop runs from 08h30 to 15h30. This workshop gives 6 CPD points to all delegates that attend. ​In order to be granted CPD points, delegates must pass a short test written on the day of the workshop.

Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R6500
    6 – 8 R 1 100 (Per student)
    9 – 12 R 900 (Per student)
    Over 12 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 8 500
    6 – 8 R 1 400 (Per student)
    9 – 12 R 1 200 (Per student)
    Over 12 Negotiable

    Training format: Distance Learning

    Number of Students Cost per Student
    Open to individuals R 600 for all course material

Introduction to Reinsurance

This 3.5-hour workshop is aimed at assisting those new to the insurance market to gain a basic understanding of reinsurance. This practical workshop is hugely beneficial for underwriters especially. The workshop gives 3.5 CPD points to all delegates that attend. ​In order to be granted CPD points, delegates must pass a short test written on the day of the workshop.

Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R 4 000
    6 – 8 R 650 (Per student)
    9 – 12 R 500 (Per student)
    Over 12 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 5 500
    6 – 8 R 900 (Per student)
    9 – 12 R 700 (Per student)
    Over 12 Negotiable

    Training format: Distance Learning

    Number of Students Cost per Student
    Open to individuals R 550 for all course material

The Protection of Personal Information Act, (POPI)

While much of the Act still awaits implementation it is best to be prepared. A 3.5-hour workshop is given to all staff dealing with confidential information. This legislation which requires protection of personal information is broken down into its parts to assist all delegates to understand the requirements and the penalties. ​This workshop gives 3.5 CPD points to all delegates that attend. In order to be granted CPD points, delegates must pass a short test written on the day of the workshop.

Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R 4 000
    6 – 8 R 650 (Per student)
    9 – 12 R 500 (Per student)
    Over 12 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 5 500
    6 – 8 R 900 (Per student)
    9 – 12 R 700 (Per student)
    Over 12 Negotiable

    Training format: Distance Learning

    Number of Students Cost per Student
    Open to individuals R 550 for all course material

Treating Customers Fairly, (TCF)

A 6-hour workshop is given to all staff dealing directly with clients. These regulations ensure that the customer is fairly treated. The workshop examines all aspects of the regulations, enabling the delegates to understand the requirements and the penalties. ​This workshop gives 6 CPD points to all delegates that attend. In order to be granted CPD points, delegates must pass a short test written on the day of the workshop.

Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R 6 500
    6 – 8 R 1 100 (Per student)
    9 – 12 R 900 (Per student)
    Over 12 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 8 500
    6 – 8 R 1 400 (Per student)
    9 – 12 R 1 200 (Per student)
    Over 12 Negotiable

    Training format: Distance Learning 

    Number of Students Cost per Student
    Open to individuals R 600 for all course material

Financial Intelligence Centre Act, (FICA)

This 6-hour workshop is presented to all participants in the financial services sector, other than those working only with short-term insurance. 

The penalties under this legislation are serious and the Act requires regular refresher courses. In addition, we provide tests to ensure employees have knowledge and understanding of the legislation.  ​This workshop gives 6 CPD points to all delegates that attend. In order to be granted CPD points, delegates must pass a short test written on the day of the workshop.

Pricing
  • Training format: Workshop (Client’s venue)
    Number of Students Cost 
    Less than 6 Fixed cost: R 6 500
    6 – 8 R 1 100 (Per student)
    9 – 12 R 900 (Per student)
    Over 12 Negotiable

    Training format: Workshop (Venue provided by ABA subject to availability)

    Number of Students Cost
    Less than 6 Fixed cost: R 8 500
    6 – 8 R 1 400 (Per student)
    9 – 12 R 1 200 (Per student)
    Over 12 Negotiable

    Training format: Distance Learning

    Number of Students Cost per Student
    Open to individuals R 600 for all course material

Workshops Under Development

9

Requesting a survey report

A 3-hour workshop for commercial underwriters and those underwriters working with sectional title insurance. The workshop will assist underwriters to decide when a survey is required and what information should be contained in the survey request in order to get the best result from the surveyor. On completion, this will be accredited with 3 CPD points.

9

Interpreting the survey report

A 6-hour workshop for commercial underwriters and those underwriters working with sectional title insurance. This technical and informative workshop will assist underwriters to understand the vital sections of the report and to take the appropriate action when concerns are mentioned. The workshop will be packed with useful information, vital to the underwriter’s ability to successfully underwrite a risk. On completion, this will be accredited with 6 CPD points.

9

Understanding Reinsurance – Intermediate Level

9

Financial Sector Regulation Act (FRSA) No 9 of 2017

9

Conduct of Financial Institutions (COFI) Bill 2018

Testimonials

I can state that Gordon has been one of our favourite facilitators. We have found his skill levels to be excellent. In addition, he is extremely patient and able to explain complex points in simple language that all our staff can understand. His experience in the risk field and the know-about the subject is easy to see as he is totally comfortable in front of the learners.

Frans Blignaut

Head of Service and Retail Banking, ABSA

ABA was also able to assist ONE staff in obtaining their RE5 and RE1 certificates. The training workshop provided was most helpful and informative. The assistance which Gordon provides his students always provides great peace of mind to them and his willingness to assist and support is the reason for his success. Gordon has enabled a total of 38 ONE staff to successfully complete their FETC S/T qualification and we are extremely delighted with this result.

Glynnis Styles

National Manager: Compliance, One Financial Services

We found Gordon highly knowledgeable in Market Conduct and Anti-Money Laundering aspects of Banking. He is able to convey the complexities of the subject matter in a simple and understandable way. Having attended a few of his training sessions myself and from the positive feedback received from our employees, I can attest to our liking of Gordon and the training he provides. It has been a pleasure for us to work with Gordon and to attend his sessions and we are very happy to work with him in the upcoming training interventions.

Darshani Nagalingam

Head of Compliance, State Bank of India, South Africa

For all enquiries

Phone Us

082 878 4105
Gordon Dewar

Email Us

info@abatraining.co.za

Message Us

Contact Us