IconAccounting & Tax
IconAppraisers & Valuers
IconArbitration Services
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
  Subscribe To »

IRMSA process leads to recognition of Risk Management as an occupation







Pieter le Roux, chairperson of the IRMSA Education and Technical Sub-Committee (the Committee), in conjunction with the members of the IRMSA Executive Committee, identified that more has to be done for members in terms of identifying gaps related to the profession, the members’ needs and how these needs will be addressed. His involvement with the Compliance Institute of South Africa (CISA) prompted him to investigate whether the Risk Management occupation is registered as an occupation with the Department of Labour (which it wasn’t) and then the Committee proactively embarked on a prolific journey of getting the occupation registered. Tasked by the Executive Committee and mandated by stakeholders spelt the beginning of a process referred to as the QCTO (Quality Council for Trades and Occupations) process with the assistance of a QCTO facilitator/consultant Jurie van Zyl.


It was formally announced in February 2010 that the Organisational Risk Manager was registered as an occupation.  As part of the Organising Framework for Occupations (OFO), this means that IRMSA will now proceed to the next step which is to ensure that the Occupational Curriculum and Qualification is developed for Risk Managers.


Apart from celebrating this registration, IRMSA has recently received notification that The Banking Sector Education and Training Authority (BANKSETA) has agreed to sponsor the development of the QCTO curriculum and qualification for the “Organisational Risk Manager” during the 2010/2011 financial year. The advantage of developing this curriculum and qualification is that Training and Development providers can also develop their own course material in line with the curriculum and qualification once developed and registered with QCTO.


The wonderful thing is that the qualification will be generic and fit - for - purpose for anybody wanting to study Risk Management and therefore it will be applicable to various industries be it in Banking, Insurance, Construction etc. because the qualification will address generic Risk Management Principles. Providers can then develop material based on the specific Industry’s requirements. Whilst this is achieved, we will register IRMSA with SAQA as a Professional Body as well as IRMSA’s professional designations. The long-term view is that candidates would submit to a board exam for a summative assessment giving them professional status if successful and allowing them to add a specific designation after their surname. 


We salute Pieter and the Committee for the incredible work he and the members have done and we are very excited to see what the developments will be!


*This qualification will be endorsed by IRMSA, registered with SAQA and aligned with International Standards.

Source: Institute of Risk Management SA
« Back to previous page Print this page » |

Breaking News »

Genasys provides the tech fuel powering the latest partnership for insurtech MGA Equipsme

Simply Business recently announced its partnership with UK insurtech MGA Equipsme to allow its customers to directly purchase health insurance plans online for the first time. Having been the tech engine fuelling ...
Read More »


Michael Furtschegger to lead Entertainment line of business at AGCS globally

Furtschegger was previously responsible for the international expansion of Entertainment, which is an AGCS line of business since 2015 Entertainment was hit significantly by Covid-19-driven claims in 2020, but ...
Read More »


AGCS 12 months results update

In an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged interest rates. The financial performance in the fiscal year 2020 has been remarkably ...
Read More »


Allianz delivers a strong finish to 2020

In the face of an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged low interest rates. The financial performance in the fiscal year 2020 ...
Read More »


More News »


Healthcare »


Investment »


Life »


Retirement »


From The Glossary »



Also known as Active Return. The return above a benchmark's return / a measure of the investment manager's contribution to performance, in relation to share selection.
More Definitions »






Contact IG


Media Pack


RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2021. All Rights Reserved.