Insurance distribution IDD: distance learning with training platform and exam (presential)
The executive decision of 25 June 2019 has converted the minimum knowledge requirements of the Insurance Distribution Directive Act (IDD) into a new examination structure consisting of 4 modules:
- a basic module covering the general knowledge requirements.
- three specialized modules, one for each category of insurance product that can be offered.
The objective of this training is to :
- enable you to acquire sufficient technical and legal knowledge of insurance to provide proof of the required professional knowledge;
- enable you to pass the examination in accordance with the knowledge requirements in this subject matter;
- provide you with a certificate of successful examination after training.
All material (syllabi, training questions and exam) is available in English.
The new examination structure has taken effect as from January 1, 2021.
Price per module: (syllabi, exercises with exam): 250€ member price / 300€ non-member price
Training course with exam
Total price *
Members: € 250
Non-members: € 300
Partners/ BZB: € 250
Incompany: tailor-made, prices on request
* Price: service in the context of continuing professional training, exempt from VAT
Training course with exam
Target group
The training course can be followed by various target groups:
All persons who need general professional knowledge of the insurance products concerned and/or need a certificate to prove their professional knowledge as:
- an insurance intermediary or ancillary insurance intermediary;
- a manager or de facto responsible person;
- a person responsible for distribution;
- a person in contact with the public.
Required prior knowledge
Basic level: mainly theoretical concepts are covered (initiation exam).
Programme
CONTENT
|
Modules |
Exams (sub-modules) |
Syllabus |
| 1 Basic knowledge | 1.1 The insurance market and insurance contract regulations |
196 pages |
| 1.2 Various laws | ||
|
2 Insurances non-life |
2.1 Liability insurances and legal assistance insurance | 78 pages |
| 2.2 Motor vehicle and assistance insurances | 78 pages | |
| 2.3 Property insurances | 96 pages | |
| 2.4 Personal insurances other than life insurances | 63 pages | |
3 Life in general |
3.1 Applicable law and financial competency |
146 pages |
| 3.2 Anti Money Laundering legislation, insurance market, pension systems, rules of conduct | ||
| 4 Life with an investment component | 4 Life with an investment component |
27 pages |
EXAM INFORMATION
Structure
Each different submodule has a separate exam. Each exam per submodule consists of 20 multiple choice questions (no guessing correction). An exam session lasts a maximum of 3 hours. It takes about 30 minutes to complete a submodule. Thus the system allows you to take a maximum of 6 exams in one exam session. To succeed, you must achieve a minimum score of 60% per submodule.
Dates
The exam dates are only available on your own account within our digital learning platform. You will be given access to our digital learning platform after the payment and processing of your registration. Syllabi and exercises are made available to you as soon as we have received your payment. We schedule a number of exam moments each week. You indicate yourself when you wish to take the exam. You can change the chosen date free of charge up to 5 calendar days before the exam.
Results
In the event of positive results, you will receive a certificate on your digital learning platform, recognized by the FSMA, proving that you have passed the exam and that you have the required technical knowledge.
If you have not passed one or more exams, you can register for your retake via our digital learning platform. On choosing a new date, a period of 15 days must be respected. This period of 15 days starts from the day following the date of the exam for which you did not pass. For example: if you take the exam on the 1st of September, you can retake the exam after the 16th of September.
Price by module:
- Member (with syllabi, exercises on platform en examen): 250€
- Not Member (with syllabi, exercises on platform en examen): 300€
- Partner (BZB/Fedafin - with syllabi, exercises on platform en examen): 250€
- Retake exam: 70€
Language: This training is in English.
location exam : in class (face to face) - Febelfin Academy, Boulevard du Roi Albert II 19, 1210 Bruxelles
Methodology
An ‘E-learning - distance learning’ is 100% self-study. It is a form of learning in which the participant processes individually, at his or her own pace, learning content that is provided in the form of a syllabus drawn up by the teacher. This content is provided in a digital format (PDF) via the MyFA learning platform, possibly supplemented with an exercise platform.
Learning material:
- Syllabi
- training platform with exercises
Reference(s) for training course "Insurance distribution IDD: distance learning with training platform and exam (presential)"
Since Brexit, our employees acting as insurance brokers on the Belgian market must pass insurance distribution exams. We found a partner in Febelfin Academy to support us in this. Revision sessions are given in English, syllabi and training platform questions are of good quality and our employees appreciate the support they receive. The fact that they can sit their exams remotely via the proctoring facility is highly appreciated.
