ALUCA’s Certified Professional Life Insurance (CPLI) accreditation scheme was successfully launched at the end of November 2017, along with ALUCA’s competency framework.
CPLI accreditation demonstrates an industry wide commitment to continuous professional development aimed at raising the professional standards of life insurance underwriters, claims and rehabilitation professionals. It’s never been more important to demonstrate the commitment to a peak professional life insurance benchmark for underwriters, claims and rehabilitation professionals that underpins and maintains high standards for the profession while at the same time enhancing the value that life insurance underwriters, claims and rehabilitation professionals provide to business, and the community more broadly.
To qualify for CPLI accreditation members are invited to apply and provide proof of their educational qualifications – this could be a medical terminology course, degree or diploma amongst other key educational qualification in addition they must have been working in the life insurance industry for a number of years specific to the accredited level they are applying for in either underwriting claims or rehabilitation areas and are committed to their ongoing continuous professional development.
A CPLI panel meet 3 times each year to assess each new or pending application. In 2019 the panel met on April 3rd to review both new CPLI applications and the randomly audited accredited members.
The next CPLI application panel review dates will be in early July and November
The CPLI committee is currently exploring some additional pathways to make the scheme accessible to more members.
How ALUCA’s continuous professional development (CPD) requirements work
All ALUCA accredited CPLI members will need to complete a minimum of 35 hours’ compulsory CPD in a 12 month period . However 35 hours is the minimum most people will exceed this, as the actual requirement will be determined by an individual’s development needs in any 12-month period and will also be a discussion that the member needs to have with their organisation. It is important to note that this CPD requirement is not generally an additional requirement to development activity ordinarily undertaken in the course of an individual’s employment, but incorporates this. We have shown this in the example below.
Using the ALUCA PD Activity summary sheet below, if you undertook 3 days of internal training (see #11) in your organisation at 8 hours each day that would be 24 ALUCA CPD points, watching the ALUCA regulatory webinar (see #14 – this is mandatory for all accredited members) is an additional 10 points. You may also undertake some business capabilities training see #15 – say 3 hours of a leadership course = 3CPD points – you are already up to 37 CPD points and this is without attending any ALUCA or non ALUCA seminars or events.
ALUCA’s CPD diary – to keep track of your annual ongoing professional development.
We have just undertaken a random CPD audit of accredited members and the members who completed this provided their 2018 CPD record showing:
- The CPD activities they undertook in 2018
- The points they achieved ( 35 is the minimum)
- A statement/reflection of the objectives achieved against each activity.
They also provided proof of all non ALUCA activities such as a record of attendance at an internal training course, a certificate of attendance, conference registration etc.
It’s that easy. However if members cannot provide proof of compliance with their ongoing professional development they will not be able to maintain their ALUCA CPLI accreditation. This is an annual requirement of all accredited members and demonstrates the rigorous ongoing professional development and compliance to ALUCA’s competency standards.
ALUCA’s CPLI program is underpinned by ALUCA’s best practice, industry led life insurance competency framework that is specific to life insurance underwriters, claims and rehabilitation professionals. Given the current environment of increased regulator expectations and greater transparency and professionalism in the Life Insurance industry it is important for all ALUCA members not just accredited members to demonstrate compliance with these via ongoing CPD.
The above diagram shows how each ALUCA membership level complies with the different ALUCA competency levels and what is required of each. ALUCA CPLI accreditation levels start from an Affiliate member with core competency skills right through to an expert level of competency demonstrated by a Fellow accredited CPLI member.
For further information, you can read more about this on ALUCA’s website under the professional development tab : www.aluca.com/professional-development/cpli-framework/
If you have any questions please do not hesitate to contact us: SecretariatOfficer@aluca.com
T: 02 9431 8654