Professional Insurance Certification (PIC) · i.e., P05 Insurance Law and P92 Insurance Business...

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Leading Excellence in Insurance Professional Insurance Certification (PIC)

Transcript of Professional Insurance Certification (PIC) · i.e., P05 Insurance Law and P92 Insurance Business...

Page 1: Professional Insurance Certification (PIC) · i.e., P05 Insurance Law and P92 Insurance Business and Finance. The PIC program is ... CII level Exam mode Exam duration W01 Award in

Leading Excellence in Insurance

Professional Insurance Certification (PIC)

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BIBF plays a vital role in the training and development of human capital in the Middle East and North Africa.

Our commitment to excellence has strengthened our position as the leading educational provider across all major business disciplines.

We serve As a partner to numerous world-class institutions; delivering thought leadership, assessment and training in the areas of Banking, Accounting & Finance, Assessment & Development, English & Business Communication, Human Resources, Information Technology, Insurance, Interpersonal Skills, Islamic Finance, Leadership & Management, Marketing, Sales & PR, and Project Management.

Global Reach

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As the premier professional body for the insurance and financial planning professions,

the Chartered Insurance Institute (CII) promotes higher standards of integrity, technical

competence and business capability. With almost 150,000 members in 150 countries,

the CII is the world’s largest professional body dedicated to these sectors.

Success in CII qualifications is recognised universally as a global standard. While

membership of the CII signals a commitment to developing a broad professional

capability and to a willingness to adhere to the standards associated with professional

status

www.cii.co.uk

The Bahrain institute of banking and finance in cooperation with the renowned

Chartered Insurance Institute (CII) have put in tremendous national effort in providing

a qualification to Arabic speakers to enhance and empower their roles in the insurance

industry by creating a certificate that directly leads to the Diploma in Insurance. (Dip CII)

The CII collaborates with BIBF across the Middle East to raise overall standards of

professionalism in the insurance industry through the provision of qualifications, training

and member services in support of CII qualifications through the PIC Program which leads

to the Diploma in Insurance (Dip CII). The PIC program, like the Dip CII, is a technical

and supervisory qualification for insurance staff working across all sectors of the industry

that provides a firm understanding of insurance fundamentals and develops advanced

technical knowledge.

In order to obtain the Dip CII, candidates must complete a minimum of 120 CII credits

with 90 credits at Diploma level or above, along with completing the compulsory subjects,

i.e., P05 Insurance Law and P92 Insurance Business and Finance. The PIC program is

tailored to fit the criteria that the Dip CII requires in order to be accredited in a systematic

and efficient manner.

About the Chartered Insurance Institute (CII)

Professional Insurance Certificate (PIC)

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• Candidates who wish to build upon existing general academic qualifications by obtaining a specific globally

recognised qualification in insurance.

• Employees who wish to demonstrate their professional standing

• Staff with aspirations to become managers in the near future

• Today’s insurance managers and technical specialist.

PIC BREAKDOWNThe PIC program consists of five subjects:

Target Audience

Unit code Unit title Eligible CII credits*

CII level Exam mode

Exam duration

W01

Award in General Insurance *

(Award in General Insurance

Certificate)

15 Certificate Online/

Written2hrs

P05A Insurance Law 25 Diploma Written 2hrs

W01 Insurance Business and Finance 25 Diploma Online/

Written2hrs

W01 Motor Insurance 25 Diploma Online/

Written2hrs

W01 Principles of Takaful *

(Principles of Takaful Certificate)30

Advanced

Diploma

Online/

Written2hrs

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Eligible qualifications • Award in General Insurance certificate

• Principles of Takaful certificate

• Diploma in Insurance (Dip CII) – upon completion of the accreditation process

Fees Structure *

1. Award in General Insurance BHD150/- **

2. Insurance Business and Finance BHD150/- **

3. Insurance Law BHD150/- **

4. Motor Insurance BHD150/- **

5. Principles of Takaful BHD150/- **

*The fees includes the study material and examination fees only.

** The fees mentioned are offered to candidates who register for their examinations during the normal

registration period, which is stated in their registration form. Candidates will be charged BHD 25 as part of

the late fees registration.

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What will be your next step?

Since the PIC programme is structured specifically to meet the criteria of the Dip CII, you must ensure that you

follow these steps when applying for your accreditation:

1. Once you have completed the PIC programme, an email must be sent to BIBF requesting for your official transcript.

2. The amount charged for the official transcript to be printed and sent by courier is BHD 13.

3. The CII Recognition of Prior Learning (RPL) form must be filled out correctly for each unit you want to accredit.

(i.e. P05, P92, P94,).

4. Upon submission of a completed application and documentation for the RPL process, it would typically take

4-6 weeks for a student to receive a reply from the CII.

5. Upon receiving the credit award eligibility from the CII (Accreditation Letter), the student has to process the payment

for the awarded credits within 6 months from the date of the letter, otherwise it will expire, and a new application

has to be submitted for the same units, and a new RPL process will be undergone

6. The current cost per credit for CII members is GBP 3, and the cost for non-members is GBP 5. If you were to be

awarded 20 credits for a unit, your fees as a member would be 20*3, totally GBP 60. The easiest way to pay for the

credits is by providing the CII with your credit card information. (Subject to increase)

7. Once you have completed all the requirements listed in this document, take a copy of your application form along

with the required evidence for your records. Place the originals in a sealed envelope, clearly marking the address that

it must be sent to. BIBF recommends that you send the documents through your local courier provider.

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Leading Excellence in Insurance

For further information, and to register:Please contact the Centre for Insurance

+973 1781 5555 / 5586

+973 1772 9928

[email protected] or [email protected]