Chartered Insurance Institute London
Chartered Insurance Institute
The Chartered Insurance Institute is a professional organization dedicated to increasing public confidence in the insurance and financial planning industries. The CII’s mission, as stated in its royal charter of 1912, is to ‘Secure and justify the public’s confidence in its members and the insurance industry as a whole.
Chartered Insurance Institute London exams
The Chartered Insurance Institute (CII) of London is a professional organization that certifies insurance professionals and freshmen interested in pursuing a career in the large and exciting world of insurance. A CII membership offers professional development and excellent networking opportunities with like-minded individuals, both of which aid in the development of career potential. A member can benefit from the CII’s technical and market knowledge as well as practical support, which can help them advance their careers.CII members, who number in the tens of thousands, demonstrate their total dedication to high professional standards of ethics, subject matter competence, and compliance. CII also has a lot of certifications for people who want to work in the insurance and financial services industries. These certifications are very important and well-respected in the market.CII qualifications set the level of difficulty by assigning an RQF level. The higher the RQF level, the more qualifications the candidate must have.
The higher the level of qualification, the more skilled and knowledgeable the person with the designation is in their job and with their clients. RQF Level 2: This course gives a basic overview of the insurance industry and gives an overview of important topics in insurance and personal finance that are relevant to most people’s lives. There are people who are new to the field and work as trainees or junior employees at this level. Passing this level is the same as getting a general certificate of secondary education (GSCE). At this level of the RQF, you learn more about principles, processes, and products so that you can use them in real-world situations. A Level is the same level of education as this. It’s good for people who are in their early and middle jobs. RQF Level 4: Deepen your technical and applied knowledge. This level is for people who want to learn more about technical or specialized applied knowledge for technical jobs. First-year of undergraduate study is the level of education you need to get a job. Learn how to apply the technical and specialized knowledge you’ve learned to complex real-world client situations where all options must be weighed to make the best decision. This is RQF Level 6. This level is best for people who want to be managers of things like claims, underwriting, and broking, and their education level is a bachelor’s degree. RQF Level 7: Learn how to use specialized skills, research, and analysis to evaluate and propose ways to improve standards of work. People in charge of the sector should be able to take it to new heights by coming up with new strategies and new ways of working that benefit both the industry and its customers. The same level of education as a master’s degree is.
RQF Level 3 Certificate in Insurance (Cert CII) – Is required that you have at least 40 CII credits. It’s recommended that candidates study and pass IF1 Insurance, legal and regulatory (15 Credits) or LM1 London market insurance and LM2 London market insurer’s principles and practice (25 Credits) or for non-UK students, WO1 Award in general insurance is the best choice. The remaining credits can be earned by passing the combination of the following papers, which each earn 15 credits each.
. IF2 Business of general insurance
. Process of IF3 Insurance Underwriting
. IF4 Process for Handling Insurance Claims
. IF5 Insurance Products for Automobiles
. IF6 Products for household insurance
. Health-care insurance products from IF7
. Commercial insurance packages IF8
. IF9 Insurance Customer Service
. Fundamentals of insurance brokerage (I10)
. I11 Risk Management (Introduction)
. Principles of LM3 London Market Underwriting
RQF Level 4 Diploma in Insurance (Dip CII) – A minimum of 120 credits is required, with at least 90 of those credits being at the diploma level or higher. M05 Insurance Law (25 Credits) must be taken in conjunction with M92 Insurance Business and Finance (25 Credits) or 530 Economics and Business (30 credits). Passing a combination of the tests listed below will get you the remaining credits; credits are shown in brackets.
. Contract wording for commercial insurance M21 (20)
. Delegated authority (M66) (25)
. M67 Risk management basics (25)
. M80 Practice of Underwriting (20)
. M81 is an insurance broking firm (20)
. M85 Claims Procedures (20)
. M86 Insurance for individuals (20)
. M90 Insurance for cargo and goods in transit (25)
. M91 Insurance for aviation and space (25)
. M92 Business and Finance of Insurance (25)
. M93 Insurance for commercial property and business interruption (25)
. M94 Automobile insurance (25)
. Liability Insurance M95 (25)
. Reinsurance M97 (30)
. Liabilities associated with the M98 Marine Hull (30)
RQF Level 6 Advanced Diploma (ACII) – A minimum of 290 credits is required, with at least 150 credits at the advanced diploma level and 55 credits at the diploma level or higher. Candidates must pass one of the following courses: M05 Insurance Law (25 credits), M92 Insurance Business and Finance (25 credits), or 530 Economics and Business (30 credits), and one of the following courses: 820 Advanced Claims (30 credits), 930 Advanced Insurance Broking (30 credits), or 960 Advanced Underwriting (30 credits) (30 credits). Passing a combination of the exams listed below will earn you the remaining credits.
. 945 Product and service marketing for the insurance industry. (30)
. Corporate management of 990 Insurance (30). 992 Insurance risk management (30)
. 995 Underwriting Strategy (30)
. 996 Claims management strategy (30)
. 997 Risk transfer and advanced risk financing (30)
There are some written exams conducted at the diploma and advanced diploma levels that provide credits for qualification in addition to the exams mentioned to be passed. After passing the exams and accumulating the required credits for the ACII designation, the candidate must apply to the CII for fellowship and then chartered status. Fellowship applicants must have at least 5 years of work experience. Aside from the general insurance stream covered in this article, the CII also offers finance-related designations, which are detailed on the CII website. These exams are becoming increasingly popular among Indian students as a means of obtaining prestigious CII designations.
How to Register for the London Exams of the Chartered Insurance Institute (CII) –
Want to take the Chartered Insurance Institute exams in London. Here is how to register for the test.
. Associates and Fellows of the Insurance Institute of India can sit for the CII examinations and earn a discount on the CII’s Advanced Diploma in Insurance qualification.
. According to the new Chartered Insurance Institute framework, a candidate must have a minimum of 290 credits to be eligible to complete the Advanced Diploma in Insurance.