Bachelor Professional in Versicherungen und Finanzanlagen

Preparation courses for the examination take place, for example, at educational centers. For in-person events, learning locations are training rooms. For digital learning forms (e.g., virtual classroom) and distance learning, learning locations are at home, or potentially training rooms during in-person phases. For combined learning forms (e.g., blended learning), training rooms are used for in-person events, and home for online learning units.

This is a continuing education profession: Bachelor Professional in Insurance and Financial Investments. The type of continuing education is an examination according to a nationwide standardized regulation; participation in preparatory courses is not required. The duration of continuing education varies depending on the educational offer – typically 12-18 months (part-time). Bachelor Professionals in Insurance and Financial Investments analyze risks and determine the needs of private and commercial customers. They create corresponding health, long-term care, accident, and old-age insurance solutions or offers for property and asset protection. They also help shape customer management, plan and control the development and market launch of insurance and financial products, as well as products for customer acquisition and retention. Furthermore, they organize processes in claims and benefits management, evaluate them, and design service and supportleistungen in the event of claims. They also evaluate and optimize, for example, processes in corporate governance.

Varies depending on the educational offer and learning format: Part-time: 12-18 months.

Course fees apply for attending preparatory courses, and examination fees for the examination itself. Further costs may arise, e.g., for work materials, travel to the continuing education institution, or for external accommodation. Preparatory courses for the continuing education examination can be financially supported according to the Upgrading Training Assistance Act (Aufstiegsfortbildungsförderungsgesetz). Further information: Aufstiegs-BAföG - Advancement with Funding. Funding for particularly talented young professionals: Stiftung Begabtenförderung berufliche Bildung (SBB) - Continuing Education Scholarship.

Customer needs areas include provision: private and company insurance solutions, e.g., in the areas of health, long-term care, accident, as well as old-age and occupational disability provision. Property and asset protection: customer-centric insurance solutions for commercial customers, considering digitalization and sustainability aspects. Shaping core processes includes customer management: developing, planning, and controlling processes and interfaces related to the acquisition of new customers and the support of existing customers in a customer-oriented manner. Product management: developing, planning, and controlling product development processes based on customer needs and market research results, as well as actuarial principles. Claims and benefits management: developing, planning, controlling, and evaluating processes in claims and benefits management, designing service and supportleistungen in claims and benefits cases. Also, steering and collaboration.

In-depth knowledge in the following areas are good prerequisites for successfully passing the continuing education examination: Economics/Law: e.g., to develop and assess insurance products. Mathematics: e.g., to calculate insurance sums. Law/Insurance Law: e.g., to create insurance solutions. Organization: e.g., to organize projects and to plan and control operational processes.

This advanced training consists of theoretical lessons and, if applicable, practical exercises. Depending on the educational provider, one should expect the following conditions: Class times are usually part-time, on weekends or in the evenings, alongside a job. For in-person events, classes take place in a classroom setting at the educational institution (possibly not in your place of residence). For digital learning forms (e.g., virtual classroom), learning is exclusively via electronic learning platforms and systems (primarily from home in a classroom setting). For combined learning forms (e.g., Blended Learning), there are in-person events in a classroom setting at the educational institution and self-directed learning via electronic learning platforms and systems from home. For distance learning, individual processing of the learning material takes place from home (high demands on self-discipline and work organization); additional in-person phases at the educational institution may also be required.

For advanced training abroad, there are, for example, the following options: Switzerland offers advanced training opportunities through wab - Die Weiterbildungsdatenbank der Schweiz (the Swiss Advanced Training Database) (e.g., using the search term 'Versicherung'). The Europass offers the possibility to document learning stays completed abroad. Further information on the Europass is available.

Participation in preparatory courses is not remunerated.

The following advanced training alternatives are available for the profession of Bachelor Professional in Versicherungen und Finanzanlagen: In the field of Money, Insurance, and Real Estate, these include Certified Financial Services Advisor, Certified Financial Consulting Specialist, Certified Leasing Specialist, Certified Social Insurance Specialist (specializing in statutory pension and miners' social insurance), and Certified Insurance Brokerage Specialist. Their commonality is taking on specialist and management tasks in insurance and financial services.

In the 1970s, the Fachwirt (specialist) advanced training was developed under the leadership of the German Chamber of Industry and Commerce (DIHT). In 1998, the nationwide valid regulation for the examination leading to the recognized qualification 'Geprüfter Versicherungsfachwirt/Geprüfte Versicherungsfachwirtin' (Certified Insurance Specialist) came into force. In 2008, the advanced training was reorganized, especially in the areas of finance and field service, and the nationwide valid regulation for the examination leading to the recognized qualification 'Geprüfter Fachwirt für Versicherungen und Finanzen/Geprüfte Fachwirtin für Versicherungen und Finanzen' (Certified Specialist for Insurance and Finance) came into force. In 2020, the Vocational Training Act (BBiG) and the Crafts Code (HWO) were amended, introducing advanced training qualifications such as 'Geprüfte/r Berufsspezialist/in' (Certified Professional Specialist), 'Bachelor Professional', and 'Master Professional' to emphasize the equivalence of vocational and academic education. The use of these professional titles depends on the enactment of corresponding new advanced training regulations. In 2024, the Vocational Training Validation Act came into force.

Qualification Title: Bachelor Professional in Versicherungen und Finanzanlagen

Bachelor Professional in Insurance and Financial Investments is a vocational advanced training. The examination is uniformly regulated nationwide. It is not required to attend a course to be admitted to the examination.

After completing their advanced training, Bachelor Professionals in Insurance and Financial Investments can work, for example, in insurance and financial services companies. Employability can be maintained, updated, and expanded through adaptive advanced training (Anpassungsweiterbildung). The range of topics extends from insurance to controlling. Building on existing qualifications, career advancement training (Aufstiegsweiterbildung) specifically designed for advanced training graduates can expand and complement their competence profile. It is advisable to take the examination as a Business Administrator (Betriebswirt/in) according to the Vocational Training Act (Berufsbildungsgesetz). With their advanced training qualification, Bachelor Professionals in Insurance and Financial Investments can also gain access to a university education (Studium) even without a general higher education entrance qualification and, for example, enroll in a Bachelor's degree program in insurance business administration.

Elective options in customer needs areas: Provision (Vorsorge), Property and Asset Protection (Sach- und Vermögensschutz).

For the examination: Regulation on the examination for the recognized advanced training qualification with the designation Bachelor Professional in Insurance and Financial Investments (Bachelor-Professional-Versicherungen-und-Finanzanlagen-Fortbildungsprüfungsverordnung - BAProVFFPrV) of November 26, 2024 (BGBl. 2024 I No. 378).

The prerequisite for admission to the advanced training examination is usually: a final examination as a clerk for insurance and financial investments (Kaufmann/-frau für Versicherungen und Finanzanlagen); or a completion of another recognized training and at least 1 year of professional experience; or a completed university degree (Hochschulstudium) and at least 1 year of professional experience; or at least 90 ECTS credits and at least 2 years of professional experience; or a qualification examination as a specialist for insurance mediation (Fachmann/-frau für Versicherungsvermittlung) and at least 2 years of professional experience; or at least 5 years of professional experience in the insurance industry. A validation procedure (Validierungsverfahren) allows for the proof of professional knowledge and skills if a corresponding educational qualification is missing.