2010 GI Overview Brochure

8/8/2019 2010 GI Overview Brochure

1/13

CII insurance qualifcationsramework

2010 Overview brochure

www.cii.co.uk

Enhancing

pro essionalismacross theinsurance

market


2/13

The Chartered Insurance Institute 4248 High Road, South Woodford, London E18 2JP

tel: +44 (0)20 8989 8464 fax: +44 (0)20 8530 3052 email: [email protected] website: www.cii.co.uk

Ref: CII IOB001 (11/09)CII_4281

The Chartered Insurance Institute 2009


3/13

Increase your

chances o examsuccess...become a member of the CII.

Did you know that our statistics show that a members pass rate is 8% higherthan non-members?

As a member, you will enjoy the following bene ts:

Help in passing your examsn Free access to an online archive of exam guides for written exams.n Access to copies of textbooks recommended for additional reading.n In depth, regularly updated online fact les to complement your study text.n Online technical dictionaries to help you with unfamiliar terminology.n Membership of a local institute providing free exam technique and revision courses

in many areas.Help in developing your career n Industry recognised designatory letters Cert CII , Dip CII, ACII and Chartered status

are available exclusively to members once quali ed, helping you to demonstrate yourprofessionalism and make your CV stand out from the crowd.

n Regular e-newsletters to keep you up to date, relevant to your role in the industry.n Online access to a career support centre to help you plan your career.

For further information on the full range of CII member services visit www.cii.co.uk/membership

Did you also know that you can make substantial savings on learningmaterials, exams, seminars, study and revision days i you are a member?

This means that membership may effectively pay for itself. And if you live in the UK and pay yourmembership from your earnings you can claim tax relief from HM Revenue and Customs.

Membership costs rom as little as 5.84 a month, i you pay byDirect Debit. So what have you got to lose?
http://www.cii.co.uk/membershiphttp://www.cii.co.uk/membership


4/13

f r a m e w o r k CII insurance qualifcations ramework

(510) Risk, regulation andcapital adequacy

COMPULSORY UNIT

(530) Business andeconomics

COMPULSORY UNIT

(555) Life and disabilityunderwriting

(556) Life and disabilityclaims (590) Principles of Takaful

(745) Principles of property insurances

(785) Principles of reinsurance

(820) Claims management(non-life)

(655) Risk management

(790) Private medicalinsurance

(930) Insurance broking

(735) Life assurance (770) Principles of marine insurance

(815) Underwritingmanagement

(945) Marketing

Certi cate in IT for insuranceprofessionals (CITIP)

Fellowship (Designation: FCII)

Advanced Diploma in Insurance (Designation: ACII)

MSc in Insurance and Risk Management

unit credit rating

30 Credits

(P96) Liability insurances

(P94) Motor insurance(P93) Commercial propertyand business interruption

NEW

(990) Insurance corporatemanagement

NEW

(P91) Aviation and spaceinsurance

NEW

(P97) Reinsurance

NEW

(P90) Cargo and goods in

transit insurances

(P10) Commercial insurancepractice

Diploma in Insurance (Designation: Dip CII, Dip CII (Claims))

(P05) Insurance law*

COMPULSORY UNIT**

25 Credits

30 Credits

Key: unit code: ( )

unit credit rating: X credits

*To satisfy the Diploma compulsory unit requirements you can either pass units P92 and P05 or alternativelyP04 or 530 and P05

** P05 is also a compulsory unit within the Advanced Diploma in Insurance

(P01) Insurance practiceand regulation

(P85) Claims practice

(P86) Personal insurances

(P21) Commercial insurancecontract wording

(P80) Underwritingpractice

(P81) Insurance brokingpractice

(P04) Business practice*20 Credits

(IF1) Insurance, legal andregulatoryCOMPULSORY UNIT

(IF3) Insurance underwritingprocess

(IF5) Motor insuranceproducts

(IF8) Packaged commercialinsurances

(IF6) Household insuranceproducts

(IF2) General insurancebusiness

(IF4) Insurance claimshandling process

(IF7) Healthcare insuranceproducts

(FIT ) FoundationInsurance Test

Certifcate in Insurance (Designations: Cert CII /Cert CII (Claims)/Cert CII (London Market))

Award in Insurance

15 Credits

6 Credits

(P92) Insurance businessand nance*COMPULSORY UNIT


5/13

At Towergate we proactively encourage all ourpeople to study or an appropriate CII qualifcation asan important part o our Towergate Business Schoolin-house training. We have a range o roles across

the business and we need a broad skill set to keep

us competitive, especially in todays market.Qualifcations provide a crucial technical andbusiness oundation which we eel are essential

or a career in insurance. A large percentage oour underwriting, claims and broking people arecontinuously engaged in study or continuingpro essional development which tells you a great

deal about our culture and the importance we attach to being qualifed in todays industry. We are hugelyproud o our corporate Chartered status, whichprovides public recognition o our commitment tosta development and the provision o excellentservice to customers.

Fiona Andrews

Group Head of People Development & RewardTowergate PartnershipChartered Insurance Brokers


6/13

We place a heavy emphasis on technicalcompetence because it is at the heart o ourbusiness and o course because we aspire to lead the market in terms o the quality o our service.This is why we have established a Technical

Academy, to provide ocus and momentum orour training activity, and why we have made CIIqualifcations and ed., its online learning andcompetency system, core o erings.

All technical sta are encouraged to study orqualifcations, selecting units according to theirparticular learning needs, in turn maximising their

career development potential. And whether or notindividuals are studying or a particular exam, weencourage them to use the ed. resource to enhance

their knowledge and keep it current. In this way theycan acquire the capability and confdence needed todo their jobs to the high standards we expect.

Martin AldermanBSc FCCA ACII MBA

Chartered InsurerUK Technical Academy DirectorRSA


7/13

2 CII insurance qualifcations Improving knowledge, developing competence, building careers Enhancing the CII insurance quali cations framework The quali cations framework The bene ts of the framework Further professional courses of study and development Exploring the framework

Entry requirements Evidencing progress Key features of the quali cations framework

6 Key acts at a glance

6 Supporting learning activity

8 How does the ramework work in practice?

12 Further in ormation

As the premier professional bodyfor the nancial services profession,the CII promotes higher standards ofintegrity, technical competence andbusiness capability.With over 93,000 members in more than150 countries, the CII is the worlds largestprofessional body dedicated to this sector.Success in CII quali cations is universallyrecognised as evidence of knowledge andunderstanding. Membership of the CII signalsa desire to develop broad professionalcapability and subscribe to the standardsassociated with professional status.

The CII works with businesses to developbespoke, company-wide solutions thatensure competitive advantage byenhancing employees technical andprofessional competence.Individually, CIIs members are ableto drive their personal development andmaintain their professional standing throughan unrivalled range of learning services and

by adhering to the CIIs Code of Ethics.

www.cii.co.uk

The Chartered Insurance Institute (CII)Pro essionalism in practice

Contacting the CIIIf you have any queries regarding thequali cations in this brochure pleasecontact Customer Service.The CII is committed to delivering a

rst-class service and, to this end, wewelcome feedback on any aspect of yourrelationship with our organisation.Please forward any views you may have onthe service you receive, whether they arepositive or otherwise.

We take all such comments seriously,answer them individually, and use them tohelp ensure that we continually improve the

service we provide.Customer Service4248 High Road, South Woodford,London E18 2JPtel: +44 (0)20 8989 8464fax: +44 (0)20 8530 3052email: [email protected]: www.cii.co.uk

c o n t e n t s


8/13

3

The CII provides market-led quali cationsand study programmes which serve allsectors of the insurance industry and caterfor all levels of knowledge and experience.General insurance has in recent years gonethrough a period of unprecedented challengesand change. Technology has had a majorimpact on the structure of the market andthe way business is conducted. New formsof risk continue to emerge. Competition isintense. Gone are the jobs for life that oncecharacterised the sector. Individuals aremoving more freely between disciplines.Activity is regulated by the FSA, which affects

all aspects of market practice and, crucially,requires employees to demonstrate they are

competent for the work they do, and thereafterto maintain and enhance this competence.The CII insurance quali cationsframework provides individuals, and theiremployer organisations, with a means ofachieving the requisite levels of technicalknowledge and understanding. And indoing so, helps ensure individuals have theskills they need to perform effectively andef ciently in the workplace.

CII insurance quali ications

Improving knowledge, developing competence,building careers

Enhancing the CII insurance qualifcations ramework

The qualifcationsramework

o v e r v i e w

Further pro essional courses o study and developmentIn addition to the quali cations/studyprogrammes shown above, the CII also offersother options for insurance professionalsseeking to enhance and demonstrate theirpersonal development. These include: MSc in Insurance and Risk Management

developed in conjunction with CassBusiness School this is a respectedquali cation in its own right, but can alsoform part of Fellowship studies.A fast-track completion route is available forAdvanced Diploma, or equivalent, holders.

Chartered status cements a quali edpractitioners professional standing withtitles to match career specialisms: Chartered Insurer Chartered Insurance Broker Chartered Insurance Practitioner

It has been developed for those holdingthe Advanced Diploma who are seeking todemonstrate their professional standing.

Full details on all of the above areavailable online atwww.cii.co.uk or fromCustomer Service.

Note: Candidates obtaining the Certi cate, Diploma, Advanced Diploma or Fellowship, who are already or subsequentlybecome CII members, are entitled to use the designations Cert CII, Dip CII, ACII and FCII, respectively.Designation holders are required to comply with CII membership and Continuing Professional Development requirements.

FellowshipThe highest quali cation

on offer from the CII.This requires the completion of a

personalised, structured advancedprofessional development programme.

Advanced Diploma in InsuranceThis is the professional quali cation awarded to

experienced and expert market practitioners.

It requires candidates to pass a 290 credit threshold.

Diploma in InsuranceThis quali cation recognises technical development achieved by those with a

growing understanding of the industry.It requires candidates to pass a 110 credit threshold.

Certifcate in InsuranceThis is the core level quali cation, suitable for those entering the industry and seeking to gain

essential basic knowledge of the market, key disciplines and products.It requires candidates to pass a 40 credit threshold.

Award in InsuranceAn introductory-level study programme, the Foundation Insurance Test, developing fundamental knowledge on key topics.

Candidates pass one test, gaining credits which they can use towards study for a CII quali cation.

The quali cations framework offered bythe CII has been designed to provide a clearpath for those looking to develop theircareer in todays insurance market.The framework gives candidates thefollowing study options:

The framework has been designed to deliverthe following bene ts: Progressive quali cation structure, that

builds on existing knowledge at each level Extensive choice of more than 40 units Flexible, self-assembly quali cation content Credit-accumulation system allowing

progress at different speeds Recognition of prior learning Range of assessment techniques Record of Achievement awarded for each

unit completed

The benefts o the ramework Formal recognition on completion of

a quali cation Industry-recognised designations

available on completion, includingChartered status

Portability of quali cation Facilitates lifelong learning Supports competence and compliance

activity Aligns with the National Quali cations

Framework You will nd these bene ts explained inmore detail over the following pages.

To ensure that the CII quali cationsframework remains current, we haveundertaken a root-and-branch review, bothin terms of the overall subject offering andhow the framework itself is structured. Theoutcomes of the review will ensure a closealignment of CII quali cations to the generalinsurance sectors current and futureprofessional requirements and job roles.As a result there will be a sharperfocus on the key disciplines of broking,underwriting, claims and London marketpractice. We believe this will ensure that CIIquali cations provide the core knowledge,skills and professionalism needed acrosstodays diverse market.In undertaking this review, the CII hasdrawn on a range of sources and soughtrepresentation from across the market,including: a dedicated steering groupcomprising cross-industry representation;insurance associations, trade bodies, CIIfaculties; insurance brokers, companies and

related service providers; and exclusive CIIunderwriting and claims research. In doingso, the CII has established a quali cationframework that supports the creation of atrue profession.A wide range of technical and advanced-level subjects are being introduced,with heavy emphasis on practicalapplication. Enhanced study materials arebeing produced to improve the learningexperience and improve exam performance.

Enhancements or 2011This brochure and our other quali cation-speci c brochures provide details of thequali cation scheme that will be operatingin 2010. We will also be introducingenhancements in 2011 that will affect thecompletion requirements for the Diplomaand Advanced Diploma, and will see theintroduction of new and enhanced unitsand the withdrawal of some existing.To view details of these changes go towww.cii.co.uk/giupdate

We would recommend that thefollowing sections are read inconjunction with the diagramwhich appears on the cover apat the front of this brochure.


9/13

5

o v e r v i e w

As can be seen from the diagram provided onthe cover ap, the quali cations Certi cate,Diploma and Advanced Diploma sit in threetiers above the Award in Insurance.The Award is a platform for introductorylevel study programmes suitable forsomeone new to the industry who wants toimprove their knowledge but is not yet readyor prepared to commit to studying for a fullquali cation. The Foundation Insurance Testis the rst unit available at this level.The framework has been designed to ensuremaximum exibility, with candidates able tochoose units from those currently availableacross the quali cation framework, subjectto the completion requirements withineach quali cation.This provides access to the maximumrange of units giving candidates, and theiremployers, the ability to tailor their learningactivity to individual needs and job roles, andto prepare for further study at a higher level.

Each quali cation is obtained once its particularcredit requirements are met (full details can befound in the diagram provided on page 6).This principle applies to each quali cation.Importantly, however, the credits achievedfrom any unit can be used to support study forany quali cation (subject to the parameterslaid down for each quali cation in terms of thenumber of credits required at each level).Put simply, while there are certaincompulsory unit requirements, and a need toattain a minimum number of credits at eachlevel to secure that particular quali cation,candidates are able to choose units fromthose available across the framework.

Example the requirements for theDiploma in Insurance are as follows: The Diploma in Insurance has a 110 credit

threshold for completion. 70 of these must be derived from Diploma

or Advanced Diploma units, with a minimumof 30 from an Advanced Diploma unit.

Therefore, a Diploma candidate couldobtain 30 Certi cate credits, 50 Diplomacredits and 30 Advanced Diploma creditsto pass the 110 credit threshold.

Note: A candidate who reaches the 110credit threshold without achieving at least30 Advanced Diploma credits and passingthe compulsory units, will not be awardedthe Diploma.Care has been taken to ensure that the unitsencompass the diverse array of disciplinesand subject areas that exist within theinsurance industry. This means thequali cations cater for the widest possiblespectrum of interests and requirements.

The modular structure of the quali cationsframework offers great exibility andprovides candidates with the opportunityto develop their technical knowledge andunderstanding in line with their careerprogression, rather than be obliged tofollow a rigid preset learning programme.Key features include:

Covers a market-wide rangeo topicsCandidates have access to an unrivalledrange of subjects, with units covering allthe basic, key and most specialist areas ofinsurance practice.

Recognises prior learningRecognition is given to prior learning; thiscan include CII and non-CII quali cationsand company in-house training where thenecessary criteria have been met.Individuals receive credits which theyretain for the duration of their workinglife. In doing so they can avoid duplicationof study.

Supports li elong learningIn todays environment, learning andself-improvement can never be consideredat an end. The framework allows forpractitioners to dip in and out asappropriate, selecting units through whichthey can top up their knowledge in line withcareer demands and overall professionaldevelopment. These can be taken as studytowards an overall quali cation or on astandalone basis.

Blends di erent assessmentmethodsThe method of testing for each unit isselected on the basis of what is most

appropriate to the type and level of learningbeing undertaken. These include: multiple choice; case study-based; or essay questions.Multiple choice exams are now testedonline providing candidates with greater

exibility on timing and location.

Formal recognition uponcompletionA Record of Achievement is awarded foreach unit passed and a Certi cate, Diplomaor Advanced Diploma, as appropriate, isawarded upon completion of a quali cation.These provide portable and permanentevidence of learning undertaken.

Industry recognised memberdesignationsCerti cate Cert CII; Diploma Dip CII; Advanced Diploma ACIIand Fellowship FCII are available toquali ed CII members.

All designation holders participate in theCIIs Continuing Professional Development(CPD) scheme, to help maintain andenhance competence, and assistwith ongoing career development(see www.cpd.cii.co.uk for details).

Dovetails with market-leadingcompetence systemsThe framework is complemented byassessment and compliance toolsdeveloped by the CII.The ASSESS online technical training andcompetence systems help quali ed industrypractitioners to maintain and enhance theircompetence by keeping their knowledge upto date (seewww.ed.cii.co.uk for full details).The CII Broker Academy is essentially aone stop shop training and developmentfacility for insurance brokers. Developed inconjunction with AXA and BIBA, it deliversan unrivalled range of learning servicesto enable brokers to accelerate theirprofessional development(see www.cii.co.uk/brokeracademy forfull details).

Exploring the ramework

Key eatures o the qualifcations ramework

CII insurance quali ications

Entry requirementsThere are no entry requirements for any ofthe CIIs insurance quali cations. It is upto each individual candidate to select thequali cation that best meets their needs.For the Diploma and the Advanced Diplomawe do, however, include guidance on theprior learning that we consider appropriatefor candidates entering these quali cations.These are reliable indicators as to whetheran individual will have the requisiteknowledge and/or study skills required tosuccessfully complete these quali cations.

Evidencing progressAs progress is made, a Record ofAchievement is awarded uponcompletion of each unit.

Once the necessary credits havebeen accumulated, the full quali cationis awarded.


10/13

7

k e y

f a c t s

Key acts Award in InsuranceLevel of quali cation IntroductoryCredits required to complete(existing credits carried forward)

6

Credits per unit 6

Number of available units 1

Compulsory units FIT single unit

Core Technical Pro essional401Minimum 15 achieved at Certi cate level (unless Diplomaunit (P01) Insurance practice and regulation held)

1102Minimum 70 achieved at Diploma or AdvancedDiploma level, with 30 being at AdvancedDiploma level

2903Minimum 180 achieved at AdvancedDiploma level

15 20, 25 or 30 dependent on unit chosen 30

8 Certi cate unitsPlus access to FIT, Diploma and Advanced Diploma units

16 Diploma unitsPlus access to FIT, Certi cate and AdvancedDiploma units

17 Advanced Diploma unitsPlus access to FIT, Certi cate and Diploma units

Certifcate in Insurance

Diploma in Insurance

Advanced Diploma in Insurance

Notes:1. A maximum of 30 credits obtained from

nancial planning quali cations (CII orcomparable awarded by another educationalbody) can count towards the Certi cate

2. A maximum of 60 credits obtained fromnancial planning quali cations (CII or

comparable awarded by another educationalbody) can count towards the Diploma

3. A maximum of 180 credits obtainedfrom nancial planning quali cations(CII or comparable awarded by anothereducational body) can count towards the Advanced Diploma

4. Certi cate candidates can satisfy thecompulsory unit requirement by holdingeither IF1 or P01

5. Diploma and Advanced Diploma candidatescan satisfy the business unit requirement byholding P92, P04 or 530

6. Continuing Professional Development andCode of Ethics requirements apply

Supporting learning activityLearning styles and preferences vary fromcandidate to candidate. This in uences theirmethod of study and helps determine thetype of learning support they prefer.To accommodate these differentrequirements we have developed acomprehensive suite of learning and revisionaids that caters for all styles of learning.Not only that, they can improve candidateschances of achieving that all-important pass.Different aids are available according to thequali cation being studied for.

Enhanced study programmesAt Diploma and Advanced Diploma levelwe offer candidates the option to test theirknowledge as they progress and to receiveexpert feedback on their understanding andquestion-answering technique by completingwritten assignments marked by a subjectmatter expert.The continuous assessment option includesa series of assignments, marked by anexpert tutor and returned with commentsand model answers. There is also a writtenenquiry service for those seeking adviceon speci c issues. Successful completionof this study programme also results in anaward of 10% towards the exam result.

ed.LEARNAvailable for all Certi cate level units,this online learning service providesunrivalled learning and revision tools toassist study typically including: interactive tutorial; assessment programme enabling

candidates to gauge their progress; student discussion group to share

common points of interest or query; and personal study planner.Full details on the learning and revisionmaterials available for each quali cationcan be found in the relevant Information forcandidates brochures available atwww.cii.co.uk or from Customer Service.

Revision coursesDelivered by subject matter experts, theseare proven to boost the chances of examsuccess by as much as 60%.A choice of courses are typically available,ranging from single-day courses to intensivemultiple-day workshops to full-time coursesfor certain advanced-level units.

Exam guidesThese provide either a complete specimenor an actual paper, together with answers,providing hints and tips on how to pass.

Key act bookletsPocket-sized summaries of the core learningtext, ideal for use when travelling to andfrom work or other situations where studyfrom the main text is impractical.

Exam format Online, 2 hours100 multiple choice questions

Entry requirements? None

Credits available for prior learning? No

Of ce of the Quali cations and ExaminationsRegulator (Ofqual) approved?Note: Funding may be available for approvedexaminations

Not at the time of going to print seewww.ofqual.gov.uk for latest information

Record of Achievement issued for each exam pass? Yes

Completion Certi cate/Diploma awarded? No

CII membership designation No

Combination of units at any level allowed? Not applicable

Availability of exam sessions(Details shown apply to the UK. Outside of the UKtests/exams are offered twice-yearly)

Year-roundAvailability varies from centre to centre, but typicallytests can be sat weekly

Average study time 40 hours

Online, 2 hoursMultiple choice questions/mini case studies

2 or 3 hours dependent on the unit chosenWritten short answers and essay style questions

3 hoursEssay style/case study questions and writtenshort answers

None NoneWe do, however, recommend that candidatesentering the Diploma should hold the following: Certi cate in Insurance; or 5 GCSEs grade C or equivalent.

NoneWe do, however, recommend that candidatesentering the Advanced Diploma should hold thefollowing: Diploma in Insurance; or 3 A levels or equivalent.

Yes Yes Yes

YesLevel 3



Yes Yes Yes

YesCerti cate in Insurance

YesDiploma in Insurance

YesAdvanced Diploma in Insurance

Cert CII6CII members are entitled to use on completion

Dip CII6CII members are entitled to use on completion

ACII6CII members are entitled to use on completion

Yes Yes Yes

Year-roundAvailability varies from centre to centre, but typicallyexams can be sat weekly

Twice yearlyApril/October

Twice yearlyApril/October

50 hours per unit 90100 hours per unit dependent onthat chosen

120150 hours per unit dependent onthat chosen

1 unit (IF1) Insurance, legal and regulatory4

2 units (P92) Insurance business and nance5

and (P05) Insurance law

3 units (510) Risk, regulation and capital adequacy (530) Business and economics5

(P05) Insurance law

Key actsLearning support


11/13

9

In recognition of the enormous diversitywithin the general insurance market, thequali cations framework has been designedto be as exible as possible, allowingcandidates from across the industry tochoose a route that satis es their needsand preferences.To provide a avour of how the frameworkworks in practice, opposite and overleaf area few examples of how quali cations can beobtained for different types of roles withinthe industry.As can be seen, the requirements andaspirations of individuals from all sectorsand at all levels can be accommodated. e

x a m p

l e s How does the ramework work

in practice?

Example 1 Foundation Insurance Test

Steve, a recent recruit to the call centre of a direct household insurer, studies and passes the Foundation Insurance Test as part of hisinduction programme.This single unit course gives him an essential grounding in insurance: how the market operates; core principles and procedures; and key personal insurance products.FIT also includes full membership of the CII providing a range of bene ts which can assist him in studying for FIT and provide essentialsupport in his working life.

Steve receives a Record of Achievement on passing FIT. His credits will also count towards study for the Certi cate in Insurance shouldhe wish to continue his studies, developing greater technical knowledge.

Foundation Insurance Test 6 credits

Jill is awarded a Certi cate in Insurance upon completion. As a member of the CII and also a holder of the IF4 claims unit she is entitledto use the designation Cert CII (Claims). The credits obtained for completing the Certi cate will count towards study for higher level CIIquali cations should she continue her studies.

(IF1) Insurance, legal and regulatory

15 credits

(IF4) Insurance claims handling process

15 credits

(IF5) Motor insurance products

15 credits

Example 2 Certifcate in Insurance

Jill, a motor claims handler in a call centre, enters and passes three Certi cate units: the compulsory paper Insurance, legal and regulatoryand the optional units Insurance claims handling process and Motor insurance products.With each unit worth 15 credits, Jill passes the 40 credit threshold for completion of the Certi cate.

Certi cate in Insurance (minimum 40 credits required)

John is awarded a Diploma in Insurance on completion and as a member of the CII is entitled to use the designation Dip CII.His credits will count towards study for Advanced Diploma should John continue his studies, including 60 credits at the Advanced Diploma level.

Example 3 Diploma in Insurance

John, an account handler in a commercial brokerage, enters and passes at Diploma level the compulsory units, (P92) Insurance businessand nance, and (P05) Insurance law. He then passes the Diploma unit, (P81) Insurance broking practice and Advanced Diploma units,(745) Principles of property insurances, and (930) Insurance broking.The Diploma units provide a total of 70 credits, with the Advanced Diploma units worth 30 credits each (total 60), amounting in total to130 credits. John passes the 110 credit threshold for Diploma, including the speci ed combination of credits.

(P92) Insurance businessand nance25 credits

(P05) Insurance law

25 credits

(P81) Insurance brokingpractice20 credits

(745) Principles of propertyinsurances30 credits

(930) Insurance broking

30 credits

Diploma in Insurance(minimum 110 credits required)


12/13

11

e x a m p

l e s How does the ramework work

in practice?

Example 4 Advanced Diploma in Insurance

Sarah works for a Lloyds syndicate as a property underwriting assistant and has aspirations of becoming a property underwriter. To thisend, she now wants to study for the Advanced Diploma.She has already completed the Lloyds and London Market Introductory Test (LLMIT) and the Diploma in Insurance, passing the Diplomaunits Insurance business and nance, Insurance law and Reinsurance, and the Advanced Diploma unit Principles of propertyinsurances. LLMIT provides 15 credits, the Diploma units provide a total of 80 credits and the Advanced Diploma unit 30, amounting to 125credits in all.

In order to complete the Advanced Diploma, Sarah requires another 165 credits (with at least 150 of these to come from Advanced Diplomaunits). She enters and passes the compulsory Advanced Diploma unit Risk, regulation and capital adequacy and then selects furtherAdvanced Diploma units Risk management, Claims management, Underwriting management and Marketing as well as a further Diplomaunit Commercial property and business interruption. The Advanced Diploma units are worth 30 credits each, and the Diploma unit is worth25 units, giving a total of 175 and amounting to 300 credits in all. Sarah meets the 290 credit threshold for Advanced Diploma, including thespeci ed combination of credits.

Lloyds and LondonMarket IntroductoryTest (LLMIT)15 credits

(P92) Insurance businessand nance

25 credits

(P05) Insurance law

25 credits

(P97) Reinsurance

30 credits

(745) Principles ofproperty insurances

30 credits

Diploma in Insurance(minimum 110 credits required)

Sarah is awarded an Advanced Diploma in Insurance on completion and, as a member of the CII, she is entitled to use the designation ACII.She can also apply for Chartered Insurer status and has the option to continue her studies towards Fellowship if she wishes.

(510) Risk,regulation andcapital adequacy30 credits

(655) Riskmanagement

30 credits

(820) Claimsmanagement

30 credits

(815) Underwritingmanagement

30 credits

(945) Marketing

30 credits

(P93) Commercialproperty andbusiness interruption25 credits

Advanced Diploma in Insurance(minimum 290 credits required)

For her major achievement, Lucy decides to obtain an additional professional quali cation: the CII/Cass Business School MSc in Insuranceand Risk Management. Through the MSc Lucy explores the growing relationship between insurance, risk management and nancialservices developing her technical understanding.As a holder of the Advanced Diploma, Lucy can take a fast-track route to completion of the MSc via exemptions from four of the compulsorynine core modules. She must take ve core modules and select ve elective modules or one elective module plus a dissertation.As a part-time student she completes this in nineteen months, rather than the two years it will typically take non-Advanced Diploma holders.Lucy completes her MSc and ful ls all the Fellowship requirements. She is awarded the Fellowship on completion and, as a member of theCII, is entitled to use the designation FCII. She is also entitled to use the designation MSc.

Continuing professional development (CPD)

Business ethics programme (BEP)

Major achievement

Statement of personal achievement (SPA)

Submission of three years CPD records

Completing a distance learning course providing a framework for the

ethical and moral issues that she faces in the workplaceUndertaking one of the following: an insurance-related dissertation;a work-based project report; a further academic or professionalquali cation; or a portfolio of published works

The submission of a statement summarising the learning anddevelopment she has gained through the Fellowship programme andhow her future prospects will be helped through her achievement

Example 5 Fellowship (including the MSc in Insurance and Risk Management)

Lucy works as a regional underwriting manager within a large commercial insurer. She joined from university onto a graduate trainingprogramme and, as part of her training, completed the Advanced Diploma in Insurance. As a member of the CII this allowed her to attainthe designation ACII.Upon completing ve years work experience, she applied for and was awarded Chartered Insurer status. Lucy is keen to continue toadvance her career. She sees ongoing structured professional development as essential to the ful lment of her ambitions.Three years after completing the Advanced Diploma, Lucy decides to enrol on the Fellowship programme.This involves her meeting a number of requirements related to advanced professional development:

In recognition of the enormous diversitywithin the general insurance market, thequali cations framework has been designedto be as exible as possible, allowingcandidates from across the industry tochoose a route that satis es their needsand preferences.To provide a avour of how the frameworkworks in practice, opposite and on thepreceding page are a few examples of howquali cations can be obtained for differenttypes of roles within the industry.As can be seen, the requirements andaspirations of individuals from all sectorsand at all levels can be accommodated.


13/13

For further information on any of the coursesor quali cations mentioned in this brochure,including details on how to purchase,visit www.cii.co.uk or contact Customer Service.

2010 Information for candidates brochures:

Foundation Insurance Test Ref: ICI001 (11/09)

Certi cate/Diploma/Advanced Diploma in Insurance Ref: ICI005 (11/09)

Certi cate in IT for Insurance Professionals Ref: MTG/FORM/704/1009

Fellowship Ref: CMISC005 (11/09)

MSc in Insurance and Risk Management Ref: IMF001 (11/09)

i n

f o r m a t i o n Further in ormation

2010 GI Overview Brochure

Documents

Transcript of 2010 GI Overview Brochure