AILO Launches eLearning Programme
The Association of International Life Offices has launched a new online eLearning programme aimed at new staff entering the cross-border life sector. Positioned as an entry level 'Quick Start' guide, it provides an overview of the cross-border life industry for all new entrants, be they fresh out of education or transferring from another sector.
The six modules deal with the following topics:
• What is life insurance?
• What is cross-border life insurance?
• How is a life insurance policy created?
• What are the different types of life product?
• Who buys cross-border life products?
• How are cross-border life products sold?
Each of the 40-minute modules concludes with a multiple-choice Knowledge Check. If this is completed successfully, the participant receives CPD accreditation and a personal certificate to recognise their achievement. There's also a full glossary of 125 Key Words and the facility to print a hard copy of each module's commentary for easy reference.
This new eLearning programme is available free of charge to all AILO Members as a benefit of their annual subscription and has been developed as part of a collaboration between the cross-border consultancy firm, Acuity Consulting, and eLearning specialists, Governance People.
Commenting on the development, Simon Willoughby, Managing Director of Acuity Consulting, said: 'In a sector that has more technical names and abbreviations than you can shake a stick at, cross-border life insurance isn't an easy jungle' to navigate, especially if you're new to it. What we've tried to do with these eLearning modules is to break it down into bite-sized chunks for easy digestion.'
This development forms a key aspect of the third pillar of AILO's focus on Advocacy, Analysis and Education.
Explaining the reason for this new development, Bob Pain, AILO CEO, said: 'For a sector employing over 9,300 people in Europe alone, with no common entry level training, this is an important development. The programme isn't intended to replace more formal studies, such as those from the Chartered Insurance Institute, but it will provide new staff with an overview of the sector and some context regarding their role within the life company they work for.. We hope to roll-out further educational initiatives in future years."
18th February 2020