DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII EDUCATION AND COMPETENCE  Why link themes together?  The insurance profession  Traditional values  New challenges  The role of regulators, professional bodies and trade bodies

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII  NOBODY KNOWS IT ALL – NOT EVEN ME!

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII EDUCATION COMPETENCE INTELLECTUAL DEVELOPMENT MORAL DEVELOPMENT SOCIAL SKILLS JOB SKILLS BUSINESS RELATIONSHIPS EFFECTIVE PERFORMANCE KNOWLEDGEKNOWLEDGE

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII UNIVERSAL STANDARDS Insurance??

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII In education there should be no class distinction Confucius – 500 bc

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII ‘Now you need a degree to open an envelope and a masters to read the contents.’

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII What’s measured What’s not  Academic achievement  Performance on the day  Ability to remember  Mastery of the curriculum  Theoretical application skills  Common sense  Commitment to study  Ability to do  Thinking outside the box  Practical application skills

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII PROMOTING LIFELONG LEARNING “all learning activity undertaken throughout life, with the aim of improving knowledge, skills and competences within a personal, civic, social and/or employment related perspective” OECD Report...There should be transferability..

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII HINDRANCES TO LIFELONG LEARNING  The distinction between awards for learning in education and training contexts  The existence of many separate subsystems of qualifications  The singular nature of many awards  The focus of the system on young learners in their initial learning experience  The general non-integration of non-formal and informal learning

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII TENSION  Any alteration in the relative meaning of an award, or in the arrangements for gaining access to an award, can be perceived as a threat to the interests of award-holders and to the integrity of the award itself and its meaning in society.

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII WHERE IS IT GOING?  establishing standards for awards and procedures to validate programmes leading to those awards.  the placement of existing and previously- made awards at appropriate levels in the Framework.  making available awards meeting the new Framework standards by June 2006, or sooner......

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII WHERE IS IT GOING  The development of additional award- types.  Drafting policies and criteria for the inclusion of international and professional awards in the Framework.  The implementation of a common approach to credit that will operate for both further and higher education.  Planning for a review, in time, of the Framework

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII CHALLENGE - FOR PROFESSIONAL BODIES How willing are we both to work with those who will determine the levels of awards as they emerge and to be willing to re-think where necessary the nature of the assessment of these?

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII COMPETENCE Dictionary definition: To be competent is to be ‘Properly qualified or skilled’ FSA in UK has defined competence as ‘The ability to carry out tasks or functions without the need for supervision.’

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII COMPETENCE All you need in this life is ignorance and confidence; then success is sure. Mark Twain

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII COMPETENCE 1 The need to acquire an accepted minimum level of competence 2 The need to maintain this level of competence 3 Continuing professional development

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII CONTINUING PROFESSIONAL DEVELOPMENT Attributed to Richard Gardner in the mid 1970s ‘The purely educational element becomes one alongside others; a full professional life, good practice generally, career advancement, increasing capacity and well-earned profit (or its equivalent)’

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII CONTINUING PROFESSIONAL DEVELOPMENT ‘ The systematic maintenance, improvement and broadening of knowledge and skills, and the development of personal qualities necessary for execution of professional and technical duties throughout the individual’s working life’ Construction Industry Council

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII MINIMUM STANDARDS Regulators don’t know everything: Professional bodies don’t know everything We as individuals don’t know everything: So let’s talk!

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII THE EMPLOYER’S RESPONSE Key elements 1 What minimum standard should everyone reach? 2 How do we measure it? 3 How do we identify other requirements for individuals? 4 How do we create CPD opportunities – especially for the senior people?

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII THE EMPLOYER’S RESPONSE 1. The CIP for practitioners; IFC for support roles 2. Initially measured by examination; continuing competence should form part of an effective appraisal system 3. Job descriptions should be precise and targeted

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII THE EMPLOYER’S RESPONSE Meaningful CPD for all! Recognised training courses; In-house training courses Structuring of department meetings...

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII THE EMPLOYER’S RESPONSE Structuring of department meetings... LEGAL CASES OF SIGNIFICANCE NEW OR PROPOSED EU LEGISLATION NEW OR PROPOSED IRISH LEGISLATION MARKET PRACTICE NEW PRODUCTS NEW INSURERS/CAPACITY ISSUES MARKET AGREEMENTS REGULATORY CHANGES OTHER AREAS OF IMPORTANCE

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII MENTORING  How are you passing on your knowledge?  Is any one shadowing you?  Would you feel threatened?  Will the next generation benefit from your acquired skills and competence?

DAVID J RANSOM FCII Chartered Insurance Practitioner COPYRIGHT © DAVID J RANSOM FCII MENTORING  Teaching  Coaching  Natural and planned  The Relationship  Establish planned time together