How is ICCIE pronounced?

  • “I SEE”

What does ACI stand for?

  • Associate in Captive Insurance

What domicile(s) is this program applicable to?

  • Courses are relevant to every domicile around the world
  • ICCIE is domicile neutral

What do I need to do to earn my ACI?

  • Successfully complete 7 core courses, 2 elective courses and three “hot topic” teleconferences

What are Core Courses?

  • ICCIE designed comprehensive captive insurance courses providing a standard  for captive industry

What are the Core courses?

  • An Introduction to Alternative Risk Financing Mechanisms
  • Understanding Risk and Risk Retention Mechanisms
  • Reinsurance and Other Risk Transfer Mechanisms
  • Predicting Risk and an Introduction to Actuarial Science
  • Forming and Operating a Captive
  • Business Ethics in the Captive Insurance Industry
  • Investment Basics for Captives

What are Elective courses?

  • Courses providing specialized knowledge in captive specific fields

 

What are the approved Elective courses?

  • Electives are offered through ICCIE, The Institutes, the Insurance Education Association (IEA) and American Society for Healthcare Risk Management (ASHRM).

ICCIE Elective Courses

  • Accounting for Captives: Financial Reporting and Analysis
  • Accounting for Captives: Interpretation and Management Perspectives
  • Captive Board Governance
  • Captive Claims Management: Best Practices and Reinsurance
  • Employee Benefits and Captives
  • Healthcare Captives Overview
  • Investments and Captives
  • Regulation of Captives
  • Risk Retention Groups
  • Understanding the Intricacies of Cell Captives

External Elective Courses

  • AIAF 111 – Statutory Accounting for Property and Liability Insurers
  • ARM 54 – Risk Management Principles and Practices
  • ARM 55 – Risk Assessment and Treatment
  • ARM 56 – Risk Financing
  • ASHRM Barton Certificate in Healthcare Risk Management – Essentials
  • ASHRM Barton Certificate in Healthcare Risk Management – Applications
  • ASHRM Barton Certificate in Healthcare Risk Management – Advanced
  • AU 61 – Underwriting Commercial Property
    AU 62 – Underwriting Commercial Liability
  • CPCU 551 – Commercial Property Risk Management Insurance
    CPCU 552 – Commercial Liability Risk Management and Insurance
  • AINS 23 – Commercial Insurance

What are “hot topic” teleconferences?

  • Educational teleconferences offered through ICCIE, Vermont Captive Insurance Association (VCIA) or through approved modules at various captive conferences

How long does it take to earn the ACI?

  • 9 months – 3 years
  • Average is 18 months

What is the time limit to complete the program?

  • 3 years

How long does it take to complete an online course?

  • Including the exam window anywhere between 8 – 12 weeks. 
    • Courses are scheduled with beginning and end dates, are faculty-led and offer students great flexibility in accessing courses without travel requirements. Although online courses have weekly assignments, students have flexibility to complete readings and assignments over the course of the week. Through online discussion boards, students also benefit from interaction with other students as well as the instructor(s).  Following the last webconference students have 1-2 weeks to submit homework prior to a four week exam window.

How much coursework is involved per course?

  • 75 minute webconferences are held once a week (typically)
  • Courses range from 3-6 webconferences
  • Course reading assignments range from 60 pages – 600 pages depending upon the course (divided among the webconferences)
  • Course homework assignments may include team case study assignments as well as individual course work
  • Vocabulary (Glossary of Terms) is provided for each course
  • Exam

How long are the webconferences?

  • 75 minutes

What time are the webconferences offered?

  • 2:30 p.m. – 3:45 p.m.  Eastern Time  (12:00 noon – 1:45 pm  Eastern Time starting in the Fall 2017)

Can I take the classes as an independent study?

  • ICCIE Core and Elective courses cannot be completed in an independent study format.
  • Students may take electives through AICPCU and IEA in an independent study format.  Students study on their own through course reading assignments, workbooks and supplementary materials (CD-ROMs, etc.). This model works best for students who can study well without guidance or support.

How does the grading work?

  • The final course grade is determined by attendance, participation and the exam score
  • Earning a combined score of 80% or higher is required to pass the course    
  • Attendance (10%): Missed class (es) must be made up by reviewing the archive within a week for maximum credit   
  • Participation (10%): Includes active involvement during class, participation in the team case study and completion of homework assignments (including starting “new” threads of discussion and / or responding to at least 2-3 other student’s postings). Maximum points are awarded for substantive submissions
  • Final Exam (80%): Students are provided a four week testing window to sit the closed book course exam(s)
    • Students may attempt to pass the course exam(s) twice during this window to earn a passing grade 

What if I miss a webconference?

  • Each webconference is recorded and archived.  If a student misses a webconference they are asked to view the archive of the session prior to the next webconference (typically one week) to earn full participation credit. 

What if I don’t pass a course?

  • Designation students may retake the course again at no additional cost
  • Designation students may opt to “test-out” by paying $125 testing fee to take an additional  course exam
  • Modular students may retake the course at the cost of the tuition

How much does the program cost?

  • Tuition for the ACI designation program is $4600, payable in two installments
  • The first installment is due upon registration,  the second – one year into the program or prior to the start of a fourth core or elective course, whichever comes first
  • Tuition includes the cost of ICCIE  courses, course material, exams and three teleconferences

How much does each course cost?

  • If registering in the designation program tuition includes the cost of enrollment for 6 core courses, 2 ICCIE elective courses, course material, exams and three teleconference registrations
  • If enrolling as a modular student –
  • Any teleconference: $100
  • Core Courses:
    • An Introduction to Alternative Risk Financing Mechanisms: $750
    • Business Ethics in the Captive Insurance Industry: $750
    • Forming and Operating a Captive: $1050
    • Investment basics for Captives: $750
    • Reinsurance and Other Risk Transfer Mechanisms: $750
    • Predicting Risk and an Introduction to Actuarial Science: $750
    • Understanding Risk and Risk Retention Mechanisms: $1050
  • Electives:
    • Accounting for Captives: Financial Reporting and Analysis: $900
    • Accounting for Captives: Interpretation and Management Perspectives: $900
    • Captive Board Governance: $750
    • Employee Benefits and Captives: $750
    • Healthcare Captives Overview: $750
    • Investments and Captives: $975
    • Regulation of Captives: $750
    • Risk Retention Groups: $750
    • Understanding the Intricacies of Cell Captives: $900

Can I take more than one course at a time?

  • Yes, however, it is advisable to take courses that do not have a extended overlap of time

How do I enroll in the program?

  • Register online Register Here!
  • After registration and payment,  the ICCIE office will work with you to create a plan of study and register for courses

 

If you have any additional questions please contact the ICCIE office at 802-651-9050 or toll free 1-866-60-ICCIE or e-mail us at info@iccie.org