Following the approval by the Board of the Financial Supervisory Authority in the meeting held on July 6, 2022, of the Procedure for obtaining certification in the field of insurance and/or reinsurance distribution, hereinafter referred to as the Procedure, ISF announces the start, on July 29, 2022, of the selection process for the approval of competency evaluators for the occupation of insurance and/or reinsurance distributor with certification, in accordance with the provisions of Chapter II, points 3 and 4 of the aforementioned Procedure.
The Procedure can be consulted on the ISF website at the address: https://www.isf.ro/en/insurance-and-or-reinsurance-distributor-with-certification
Individuals from the insurance sector who meet the following requirements may participate in the selection process for the position of competency evaluator for the occupation of insurance and/or reinsurance distributor with certification:
a. Level of education: completed bachelor’s degree with a bachelor’s diploma;
b. Required work experience: a minimum of 10 years of professional experience in the field of insurance and/or reinsurance, in positions requiring higher education, of which at least 5 years of professional experience in a managerial position;
c. Studies and/or experience in professional competency evaluation: Professional Competency Evaluator (COR Code 242405) or university teaching staff (minimum lecturer) with a cumulative experience of at least 5 years in a higher education institution and/or in a managerial position in the field of insurance and/or reinsurance.
The documents proving the fulfillment of the requirements are listed in subpoint 4.1 of the Procedure, as follows:
- Application for registration in the selection and approval process for the position of competency evaluator for insurance and/or reinsurance distributors with certification, within the DEE, in the format provided in Annex No. 1_Application for registration_selection_approval_competency evaluator_Certification;
- Copy of the identity document, valid at the time of the application;
- Curriculum Vitae, drafted in Romanian, in Europass format, detailing relevant aspects of professional activity in the insurance sector and professional experience of at least 10 years in the field of insurance and/or reinsurance, in positions requiring higher education, of which a minimum of 5 years of experience in a managerial position;
- Copy of the bachelor’s degree or certificate issued by the competent Romanian authority recognizing and/or validating studies completed abroad, in case the educational document was obtained in a country other than Romania, accompanied by a copy of the document certified by the holder with a handwritten signature;
- One of the following documents: i. Copy of the certificate of completion of the Professional Competency Evaluator training program (COR Code 242405); ii. Document (certificate) proving a cumulative experience of at least 5 years as a teaching staff member (minimum lecturer) in a higher education institution; and/or iii. Document proving the occupancy of a managerial position, for a period of at least 5 years, in the field of insurance and/or reinsurance.
- Copy of documents, as applicable: work record book, certificates of work experience, REVISAL report, excerpts from management/mandate contracts, proving the fulfillment of the requirement of at least 10 years of professional experience in the field of insurance and/or reinsurance, in positions requiring higher education, of which a minimum of 5 years of experience in a managerial position;
- Letters of recommendation proving the good reputation and professional experience of the applicant.
The documents are saved in a single .pdf file, named with the applicant’s last name and first name, and uploaded to the “My Account” section of the ISF Platform, with registration in the Competency Evaluators Registry and payment of the corresponding fee, as per the instructions in the relevant field.
To complete the registration, the requested documents are saved by the candidate in a single .pdf file, named with the last name and first name, and then uploaded to the “My Account” section of the ISF Platform, as per the instructions in point 8. Registration for obtaining approval for the position of professional competency evaluator is detailed in the ISF Platform User Guide. (https://www.isf.ro/sites/default/files/2021-06/Ghid%20de%20utilizare%20Platform%C4%83%20ISF_utilizator%20Candidat_02062021_2.pdf)
After the verification of the registration documents, eligible individuals will undergo a professional evaluation interview, as per subpoint 4.3 of the Procedure. The interview takes place in the presence of a committee composed of: a member of the ISF management, a member of the ISF Scientific Council, and a person with extensive experience in the field of insurance and/or reinsurance, selected in accordance with point 2 of the Procedure.
For any other situations or clarifications, interested parties may send requests to the email address: suport.examinari@isf.ro.