Certification in Regulatory Compliance (Insurance)

Certification in Regulatory Compliance (Insurance) is a specialized programme focused on introductory and understanding regarding governance, risk and compliance. The programme covers a diverse range of subjects such as understanding the regulatory environment, international regulation, compliance in practice and financial crime prevention, insurance, financial and operational risk management and managing the risk of money laundering and terrorist financing.

Recommended For

New graduates from any discipline
Those wanting to build a career in compliance in the fields of Insurance or other financial services
Staff involved in risk functions and internal or external audit
Anyone with less than 3 years of experience in compliance or anti-money laundering (AML)

Enrolment Requirements

SPM or ‘O’ Level
Have the ability to complete the reading and written aspects of the programme in English
A desire to build a career in compliance in the field of insurance

Learning Format

Instructor-Led Online Class

Learning Outcomes

Develop a thorough understanding of both risk and compliance
Able to determine the importance of the regulatory framework
Gain insights into international regulations impacting the insurance sector, enabling comprehension of global compliance standards and their implications
Learn to streamline compliance processes and procedures to enhance operational efficiency while ensuring adherence to regulatory requirements
Enhance professional competencies in regulatory compliance, preparing individuals for roles that require specialized knowledge in insurance-related governance, risk, and compliance

Programme Structure

Course level : Certification program

Course Duration : 70 hours

Assessment Structure : 3 x written assignment (2,500 – 3,000 words)

Exam Duration : 1.5 hours

Exam Mode : Computer Based Examination (CBE)

Passing Mark :

Band	Marks
Distinction	70% & above
Merit	60% – 69%
Pass	50% – 59%
Marginal Fail	40% – 49%
Fail	39% and below

Subjects	Outline
Unit 1	Understanding the regulatory environment
Unit 2	International regulation
Unit 3	Compliance in practice
Unit 4	Insurance, financial and operational risk management
Unit 5	Managing the risk of money laundering and terrorist financing
Unit 6	Financial crime prevention
Unit 7	How corporate governance can enhance your firm’s performance
Unit 8	How to design and build world-class GRC systems and controls
Unit 9	Managing the risks of financial crime in insurance

Intake

TBA

Fees

Course fee: 6,360 MYR (inclusive 6% SST)

Additional Information

Designation Award – Additional Information

Certification in Regulatory Compliance by ICA and MII
ICA International Advanced Certificate in Compliance awarded in association with Alliance Manchester Business School, The University of Manchester

Class Details

Registration Closing Date: 26 February 2024
Access to the ICTA Learning Platform: 04 March 2024

Part	Date
Workshop 1 (Day 1)	11 March 2024
Workshop 1 (Day 2)	12 March 2024
Workshop 1 (Day 3)	13 March 2024
Workshop 1 (Day 4)	14 March 2024
Workshop 2 (Day 1)	10 June 2024
Workshop 2 (Day 2)	11 June 2024
Workshop 2 (Day 2)	12 June 2024
Workshop 2 (Day 2)	13 June 2024