Insurance Courses – NQF 4, NQF 5 & RE5 Training
INSETA and SAQA Accredited Qualifications
Application Process
To enrol in our courses, simply complete the Get a Quote form on our website.
Once you submit your details, our team will send you a full course quotation along with the enrolment form and all the information you need to get started.
If you have existing credits, please include your official INSETA Statement of Results with your enquiry so we can assess which credits may be transferred towards completing your qualification.
NQF 4 Short-Term Insurance
The NQF 4 Short-Term Insurance qualification (SAQA ID 49929) is a 150-credit Further Education and Training Certificate at NQF Level 4 in South Africa.
This FSCA-recognised 12-month online programme is designed to equip learners with the essential knowledge and skills needed to start or grow a career in the short-term insurance industry.
Duration: 12 Months
Study Method: Online
NQF 5 Wealth Management
The NQF 5 Wealth Management qualification (SAQA ID 66611) is a 120-credit National Certificate at NQF Level 5 in South Africa.
This FSCA-recognised programme is designed for individuals working in the financial services industry who want to develop advanced knowledge and skills in wealth management, financial planning, and investment advice.
The course equips learners with the ability to analyse clients’ financial needs, recommend suitable financial products, and provide professional advice in areas such as investments, retirement planning, risk cover, and wealth protection.
Duration: 12 Months
Study Method: Online
RE 5: Regulatory Examination training
The RE5 is the Regulatory Examination for Representatives, required by the Financial Sector Conduct Authority (FSCA) under the FAIS Act.
This RE5 training course is designed for individuals who provide financial advice or intermediary services on behalf of a Financial Services Provider (FSP), ensuring they meet all legal, regulatory, and compliance requirements.
The programme prepares learners with the knowledge needed to operate within FAIS legislation, understand regulatory frameworks, and apply ethical and compliant practices when providing financial advice or services to clients.
Training is conducted at our offices, with structured guidance and support to help you prepare effectively for the examination.
You will learn:
- FAIS legislation and regulatory requirements
- Compliance and ethical practices
- Roles and responsibilities of financial representatives
This is a RE5 Preparation Course not the exam.
Certification & Verification Process
Once a learner has completed and submitted all required coursework, they will first receive an Academy Statement of Results. This document confirms that the course has been successfully completed and that the learner’s results are awaiting the official verification process.
Please note that a minimum of 40 completed learners is required before the moderation and verification process can begin. This is because learner files must be submitted in batches for moderation and verification according to INSETA procedures.
Once the minimum number of learners has been reached, the academy submits a batch of learner files for moderation. From this batch, 20 learner files are randomly selected and reviewed by an external moderator to ensure that the assessment process meets the required quality standards.
At the same time, the academy submits a verification request to INSETA (Insurance Sector Education and Training Authority).
After receiving the request, INSETA selects approximately 10 learner files for verification. These files are reviewed by appointed verifiers to confirm that all assessments and moderation procedures were completed correctly.
The verification process typically follows this timeline:
Up to 1 week for verifiers to review the learner files
Up to 3 weeks for the verification report to be submitted to INSETA Head Office
The academy will courier or deliver the required learner files to the appointed INSETA verifier and await the official outcome.
Once the verification process has been approved, the academy will then upload the successful learners onto the INSETA system. At this stage, learners will receive an official INSETA Statement of Results (SOR).
The INSETA SOR confirms that the learner has successfully completed the course and has been recorded on the national INSETA database while the final certificate is being processed.
After this step, INSETA typically takes an additional 3–6 weeks, depending on system processing times, to issue the official physical certificate.
Once the academy receives the certificates, learners will be notified via email or SMS. Learners can then either collect the certificate from our office or arrange courier delivery.
Because this process involves multiple external verification stages, it is difficult to provide an exact completion timeline. However, we will keep learners informed throughout the process and provide updates as each stage progresses.
Accreditation:
Albatross Academy is committed to delivering high-quality training aligned with the standards of the South African financial services industry.
Our programmes are developed in line with the requirements and guidelines of the Insurance Sector Education and Training Authority (INSETA) and the regulatory framework governed by the Financial Sector Conduct Authority (FSCA).
Through our training, we aim to equip learners with the knowledge and practical skills required to succeed in the insurance and financial services sector.
FSP Number: 1417
INSETA Accreditation Number: 130256