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The Chartered Insurance Institute 42–48 High Road, South Woodford, London E18 2JPtel: +44 (0)20 8989 8464 fax: +44 (0)20 8530 3052 email: [email protected] website: www.cii.co.uk
Ref: CII – IOB001 (11/12)C12J_7333
CII insurance qualifications framework2013 Overview brochure
www.cii.co.uk
Enhancing professionalism
across the insurance
market
© The Chartered Insurance Institute 2012
CHARTERED INSURER, CHARTERED INSURANCE BROKER, CHARTERED INSURANCE PRACTITIONER, FCII, ACII, Dip CII and Cert CII are registered collective marks and THE CHARTERED INSURANCE INSTITUTE, CII and the CII logo are registered trade marks of The Chartered Insurance Institute.
A CENTURY OF PROFESSIONALISM
Join the growing community of professionals who are supporting their studies and career aspirations through membership of the CII.
As a member you will enjoy the following exclusive benefits:
• Access to an online library containing a comprehensive range of insurance and financial services publications, reports and documents to support study and workplace performance
• Free access to an archive of exam guides for written exams
• Discounts on learning materials, revision courses and exam entry – typically saving around 19%
• Accessible career support through local CPD events, industry training and networking opportunities (UK, Channel Islands and Isle of Man only)
• The Journal, a member publication delivering the latest news and analysis of the full spectrum of insurance topics
And ongoing support for your career:
• Upon completion of your qualification, use of the appropriate designation – Cert CII, Dip CII, ACII, FCII and Chartered status – to demonstrate knowledge and technical capability
• Market and technical updates
• Continuing Professional Development (CPD) programme to keep your knowledge current and compliant.
Membership costs from as little as £5.87 a month by Direct Debit.UK tax-payers can claim income tax relief on
membership fees.
To sign up contact us on 020 8989 8464 or visit www.cii.co.uk/join
Belonging to the CII has made a real difference to my development as an insurance professional. It helped my studies and supports me in my career, providing the tools that I need to keep up-to-date with developments.
Michael Muzio ACII Chartered InsurerUnderwriting and Claims Director, Towergate
The Chartered Insurance Institute 42–48 High Road, South Woodford, London E18 2JPtel: +44 (0)20 8989 8464 fax: +44 (0)20 8530 3052 email: [email protected] website: www.cii.co.uk
Ref: CII – IOB001 (11/12)C12J_7333
CII insurance qualifications framework2013 Overview brochure
www.cii.co.uk
Enhancing professionalism
across the insurance
market
© The Chartered Insurance Institute 2012
CHARTERED INSURER, CHARTERED INSURANCE BROKER, CHARTERED INSURANCE PRACTITIONER, FCII, ACII, Dip CII and Cert CII are registered collective marks and THE CHARTERED INSURANCE INSTITUTE, CII and the CII logo are registered trade marks of The Chartered Insurance Institute.
A CENTURY OF PROFESSIONALISM
Join the growing community of professionals who are supporting their studies and career aspirations through membership of the CII.
As a member you will enjoy the following exclusive benefits:
• Access to an online library containing a comprehensive range of insurance and financial services publications, reports and documents to support study and workplace performance
• Free access to an archive of exam guides for written exams
• Discounts on learning materials, revision courses and exam entry – typically saving around 19%
• Accessible career support through local CPD events, industry training and networking opportunities (UK, Channel Islands and Isle of Man only)
• The Journal, a member publication delivering the latest news and analysis of the full spectrum of insurance topics
And ongoing support for your career:
• Upon completion of your qualification, use of the appropriate designation – Cert CII, Dip CII, ACII, FCII and Chartered status – to demonstrate knowledge and technical capability
• Market and technical updates
• Continuing Professional Development (CPD) programme to keep your knowledge current and compliant.
Membership costs from as little as £5.87 a month by Direct Debit.UK tax-payers can claim income tax relief on
membership fees.
To sign up contact us on 020 8989 8464 or visit www.cii.co.uk/join
Belonging to the CII has made a real difference to my development as an insurance professional. It helped my studies and supports me in my career, providing the tools that I need to keep up-to-date with developments.
Michael Muzio ACII Chartered InsurerUnderwriting and Claims Director, Towergate
fram
ewor
k CII insurance qualifications framework
(530) Economics and business
(590) Principles of Takaful
(991) London market insurance specialisation
(945) Marketing insurance products and services
(655) Risk management
(820) Advanced claims(930) Advanced insurance broking
(990) Insurance corporate management
Fellowship (Designation: FCII)
Advanced Diploma in Insurance (Designation: ACII)
MSc in Insurance and Risk Management
unit credit rating
30 credits
50 credits
(P61) Life, critical illness and disability underwriting1
(P63) Long term insurance business1
(P64) Private medical insurance practice1
(IF9) Customer service in insurance
(P62) Life, critical illness and disability claims1
(P91) Aviation and space insurance
(P97) Reinsurance
Diploma in Insurance (Designations: Dip CII, Dip CII (Claims))
30 credits
(P96) Liability insurances(P94) Motor insurance
(P93) Commercial property and business interruption
(P90) Cargo and goods in transit insurances
(P05) Insurance law
COMPULSORY UNIT*
25 credits
Key: unit code: ( ) unit credit rating: X credits
* To satisfy the Diploma and Advanced Diploma compulsory unit requirements you can either pass units P92 and P05 or alternatively 530 and P05
** To satisfy the Certificate compulsory unit requirements you can either pass unit IF1 or alternatively the Award in London Market Insurance (achieved by completing units LM1 and LM2) 1 These units will be examined for the first time in April 2013, with study material becoming available
in December 2012
(P21) Commercial insurance contract wording
(P81) Insurance broking practice
(P85) Claims practice (P86) Personal insurances
(P80) Underwriting practice
20 credits
(FIT) Foundation Insurance Test
Certificate in Insurance (Designations: Cert CII/Cert CII (Claims)/Cert CII (London Market)/ Cert CII (Customer Service)/Cert CII (Health and Protection))
Award for the Foundation Insurance Test
6 credits
(P92) Insurance business and finance
COMPULSORY UNIT*
(IF1) Insurance, legal and regulatory
COMPULSORY UNIT**
(IF3) Insurance underwriting process
(IF5) Motor insurance products
(IF8) Packaged commercial insurances
(IF6) Household insurance products
(IF2) General insurance business
(IF4) Insurance claims handling process
(IF7) Healthcare insurance products
15 credits
(LM2) London market insurance principles and practices
(LM1) London market insurance essentials
10 credits
(960) Advanced underwriting
(P98) Marine hull and associated liabilities
“Professionalism is central to our business – we are an enthusiastic signatory to the Aldermanbury Declaration and are proud to have achieved corporate Chartered Insurers status. Knowledge and technical capability are building blocks of our success, and CII qualifications, from the Certificate through to Fellowship, are a key element of our skills development programme for both technical and non-technical roles.
We encourage and fund study for CII examinations because the resulting qualifications send out such a powerful message to clients and business partners. They inspire consumer and regulatory confidence whilst enhancing technical knowledge and career development for the individual. We provide comprehensive learning and revision support including face-to-face training courses, interactive on-line study and continuous assessment enrolment, and pay for CII membership for our staff where appropriate, again promoting the importance of professionalism in all we do.
Jo SmithHead of Technical Training Zurich Insurance plc ”
NEW
NEW NEW
NEW
CII qualifications are hugely important at the Towergate Business School, providing a crucial technical and business foundation.
Insurance roles at Towergate require an appropriate CII qualification and they are integral to our recruitment and retention policy. A large percentage of our underwriting, claims and broking people are continuously engaged in professional study and all have active CPD programmes.
The qualification structure allows people to study relevant subjects at the right level and enables us to promote career development to support the business.
We are hugely proud of our corporate Chartered Insurance Brokers and Chartered Insurers status and our commitment to the Aldermanbury Declaration, which all recognise our commitment to employee development and the provision of excellent customer service.
Fiona AndrewsPartner & Group Head of Organisational DevelopmentTowergate Insurance
2 CII insurance qualifications •Improvingknowledge,developingcompetence,buildingcareers •EnhancingtheCIIinsurancequalificationsframework •Thequalificationsframework •Thebenefitsoftheframework •Furthercoursesofstudyanddevelopment •Exploringtheframework •Entryrequirements •Evidencingprogress •Keyfeaturesofthequalificationsframework
6 Key facts
6 Learning support
8 How does the framework work in practice?
12 Further information
Asthepremierprofessionalbodyfortheinsuranceandfinancialservicesprofession,theCIIpromoteshigherstandardsofintegrity,technicalcompetenceandbusinesscapability.
Withover100,000membersinmorethan150countries,theCIIistheworld’slargestprofessionalbodydedicatedtothissector.
SuccessinCIIqualificationsisuniversallyrecognisedasevidenceofknowledgeandunderstanding.MembershipoftheCIIsignalsadesiretodevelopbroadprofessionalcapabilityandsubscribetothestandardsassociatedwithprofessionalstatus.
TheCIIworkswithbusinessestodevelopbespoke,company-widesolutionsthatensurecompetitiveadvantagebyenhancingemployees’technicalandprofessionalcompetence.
Individually,CII’smembersareabletodrivetheirpersonaldevelopmentandmaintaintheirprofessionalstandingthroughanunrivalledrangeoflearningservicesandbyadheringtotheCII’sCodeofEthics.
www.cii.co.uk
The Chartered Insurance Institute (CII)Professionalism in practice
Contacting the CIIIfyouhaveanyqueriesregardingthequalificationsinthisbrochurepleasecontactCustomerService.
TheCIIiscommittedtodeliveringafirst-classserviceand,tothisend,wewelcomefeedbackonanyaspectofyourrelationshipwithourorganisation.
Pleaseforwardanyviewsyoumayhaveontheserviceyoureceive,whethertheyarepositiveorotherwise.
Wetakeallsuchcommentsseriously,answerthemindividually,andusethemtohelpensurethatwecontinuallyimprovetheserviceweprovide.
CustomerService42–48HighRoad,SouthWoodford,LondonE182JPtel: +44(0)2089898464fax: +44(0)2085303052email: [email protected]: www.cii.co.uk
cont
ents
32
TheCIIprovidesmarket-ledqualificationsandstudyprogrammeswhichserveallsectorsoftheinsuranceindustryandcaterforalllevelsofknowledgeandexperience.
Insurancehasinrecentyearsgonethroughaperiodofunprecedentedchallengesandchange.Technologyhashadamajorimpactonthestructureofthemarketandthewaybusinessisconducted.Newformsofriskcontinuetoemerge.Competitionisintense.Gonearethe‘jobsforlife’thatoncecharacterisedthesector.Individualsaremovingmorefreelybetweendisciplines.
ActivityisregulatedbytheFSA,whichaffectsallaspectsofmarketpracticeand,crucially,requiresemployeestodemonstratetheyarecompetentfortheworktheydo,andthereaftertomaintainandenhancethiscompetence.
TheCIIinsurancequalificationsframeworkprovidesindividuals,andtheiremployerorganisations,withameansofachievingtherequisitelevelsoftechnicalknowledgeandunderstanding.Andindoingso,helpsensureindividualshavetheskillstheyneedtoperformeffectivelyandefficientlyintheworkplace.
TheCIIqualificationsframeworkisregularlyreviewedtoensurethatthequalificationsremaincurrentandalignedtotheindustry’sneeds.
Toensurethisalignmenttoneeds,examunitswillbeintroduced,enhancedorwithdrawnwherenecessary.Inthecaseofwithdrawnunits,candidatesaregivenatleast12months’(ortwoexamsessions)notice.
CII insurance qualifications
Improving knowledge, developing competence, building careers
Enhancing the CII insurance qualifications framework
The qualifications framework
over
view
Further courses of study and developmentInadditiontothequalifications/studyprogrammesshownabove,theCIIalsooffersotheroptionsforinsuranceprofessionalsseekingtoenhanceanddemonstratetheirpersonaldevelopment.Theseinclude:
Note:CandidatesobtainingtheCertificate,Diploma,AdvancedDiplomaorFellowship,whoarealreadyorsubsequentlybecomeCIImembers,areentitledtousethedesignations‘CertCII’,‘DipCII’,‘ACII’and‘FCII’,respectively.DesignationholdersarerequiredtocomplywithCIImembershipandContinuingProfessionalDevelopmentrequirements.
FellowshipThehighestqualification
onofferfromtheCII.
Thisrequiresthecompletionofapersonalised,structuredadvanced
professionaldevelopmentprogramme.
Advanced Diploma in InsuranceThisisthe‘professional’qualificationawardedto
experiencedandexpertmarketpractitioners.
Itrequirescandidatestopassa290creditthreshold.
Diploma in InsuranceThisqualificationrecognises‘technical’developmentachievedbythosewitha
growingunderstandingoftheindustry.
Itrequirescandidatestopassa120creditthreshold.
Certificate in InsuranceThisisthe‘core’levelqualification,suitableforthoseenteringtheindustryandseekingtogain
essentialbasicknowledgeofthemarket,keydisciplinesandproducts.
Itrequirescandidatestopassa40creditthreshold.
Award for the Foundation Insurance TestAnintroductory-levelqualification,developingfundamentalknowledgeonkeytopics.
Candidatespassonetest,gaining6creditswhichtheycanalsousetowardsstudyforahigherCIIqualification.
ThequalificationsframeworkofferedbytheCIIhasbeendesignedtoprovideaclearpathforthoselookingtodeveloptheircareerintoday’sinsurancemarket.
Theframeworkgivescandidatesthefollowingstudyoptions:
Theframeworkhasbeendesignedtodeliverthefollowingbenefits:
•Progressivequalificationstructure,thatbuildsonexistingknowledgeateachlevel
•Extensivechoiceofalmost40units
•Flexible,‘self-assembly’qualificationcontent
•Credit-accumulationsystemallowingprogressatdifferentspeeds
•Recognitionofpriorlearning
•Rangeofassessmenttechniques
•‘RecordofAchievement’awardedforeachunitcompleted
The benefits of the framework•Formalrecognitiononcompletionof
aqualification
•Industry-recogniseddesignationsavailableoncompletion,includingCharteredstatus
•Portabilityofqualification
•Facilitateslifelonglearning
•Supportscompetenceandcomplianceactivity
•CertificateinInsuranceandCertificateinLondonMarketInsuranceSpecialisationalignwiththeQualificationsandCreditFramework(QCF).
Youwillfindthesebenefitsexplainedinmoredetailoverthefollowingpages.
Wewouldrecommendthatthefollowingsectionsarereadinconjunctionwiththediagramwhichappearsonthecoverflapatthefrontofthisbrochure.
•Charteredstatus–cementsaqualifiedpractitioner’sprofessionalstandingwithtitlestomatchcareerspecialisms:•CharteredInsurer•CharteredInsuranceBroker•CharteredInsurancePractitioner
IthasbeendevelopedforthoseholdingtheAdvancedDiploma(orequivalent)whoareseekingtodemonstratetheirprofessionalstanding.
•MScinInsuranceandRiskManagement–developedinconjunctionwithCassBusinessSchool,thisisarespectedqualificationinitsownright,butcanalsoformpartofFellowshipstudies.
Afast-trackcompletionrouteisavailableforAdvancedDiploma,orequivalent,holders.
•AwardinLondonMarketInsurance–aspecialistqualificationforthoseworkinginorwiththeLondonmarket,theAwardinLondonMarketInsurancecomprisestwoCertificate-levelunits(LM1)Londonmarketinsuranceessentialsand(LM2)Londonmarketinsuranceprinciplesandpractices.
TogetherthetwounitsprovideabroadunderstandingofinsuranceprocessandpracticeacrosstheLondonmarketaswellasdetailedunderstandingoftechnicaltopics.
CIImemberscontinuingtocompletetheCertificateinInsurancecanusethedesignationCertCII(LondonMarket).
•CertificateinLondonMarketInsuranceSpecialisation–ahigherlevelqualificationdevelopedforLondonmarketspecialists,inpartnershipwiththeLloyd’sMarketAssociation(LMA).CandidatescanachievethisqualificationbycompletingoneAdvancedDiplomalevelunit(991)Londonmarketinsurancespecialisation.Thisunitrequirescompletionofa10,000worddissertationonatopicrelevanttotheLondoninsurancemarket.
Fulldetailsonalloftheaboveareavailableonlineatwww.cii.co.ukorfromCustomerService.
54
over
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Ascanbeseenfromthediagramprovidedonthecoverflap,therearefourprimarylevelsofqualifications–AwardfortheFoundationInsuranceTest,Certificate,DiplomaandAdvancedDiploma.
TheAwardissuitableforsomeonenewtotheindustrywhowantstoimprovetheirknowledgebystudyingforasingle-unitqualification.Thehigherlevelqualifications–Certificate,DiplomaandAdvancedDiploma–canbeachievedbypassingacombinationofunitstobuildupthenecessaryamountofcredits.
Theframeworkhasbeendesignedtoensuremaximumflexibility,withcandidatesabletochooseunitsfromthosecurrentlyavailableacrossthequalificationframework,subjecttothecompletionrequirementswithineachqualification.
Thisprovidesaccesstothemaximumrangeofunitsgivingcandidates,andtheiremployers,theabilitytotailortheirlearningactivitytoindividualneedsandjobroles,andtoprepareforfurtherstudyatahigherlevel.
Eachqualificationisobtainedonceitsparticularcreditrequirementsaremet(fulldetailscanbefoundinthediagramprovidedonpage6).Thisprincipleappliestoeachqualification.
Importantly,however,thecreditsachievedfromanyunitcanbeusedtosupportstudyforanyqualification(subjecttotheparameterslaiddownforeachqualificationintermsofthenumberofcreditsrequiredateachlevel).
Putsimply,whiletherearecertaincompulsoryunitrequirements,andaneedtoattainaminimumnumberofcreditsateachleveltosecurethatparticularqualification,candidatesareabletochooseunitsfromthoseavailableacrosstheframework.
Example–therequirementsfortheDiplomainInsuranceareasfollows:
•TheDiplomainInsurancehasa120creditthresholdforcompletion.
•Aminimumof90creditsmustbeatDiplomalevelorabove.
•Therefore,aDiplomacandidatecouldobtain30Certificatecredits,and90creditsfromacrosstheDiplomaandAdvancedDiplomaunitstopassthe120creditthreshold.Thesemustincludeunits(P05)Businesslawand(P92)Insurancebusinessandfinance(orequivalent)tobeawardedtheDiploma.
Carehasbeentakentoensurethattheunitscoverthewiderangeofdisciplinesandsubjectareaswithintheinsuranceindustry.Thismeansthequalificationscaterforthewidestpossiblespectrumofinterestsandrequirements.
Themodularstructureofthequalificationsframeworkoffersgreatflexibilityandprovidescandidateswiththeopportunitytodeveloptheirtechnicalknowledgeandunderstandinginlinewiththeircareerprogression,ratherthanneedingtofollowarigidpresetlearningprogramme.
Keyfeaturesinclude:
Covers a market-wide range of topicsCandidateshaveaccesstoanunrivalledrangeofsubjects,withunitscoveringallthebasic,keyandmostspecialistareasofinsurancepractice.
Recognises prior learningRecognitionisgiventorelevantpriorlearningthatmeetsspecifiedcriteria.
Byclaimingcreditsforqualificationsyou’veattainedoutsidetheCIIframework,youcouldcutyourstudytimeandavoiddoublinguponlearning.
Pleaseseewww.cii.co.uk/prior-learningforfulldetails.
Supports lifelong learningIntoday’senvironment,learningandself-improvementcanneverbeconsideredatanend.Theframeworkallowsforpractitionerstodipinandoutasappropriate,selectingunitsthroughwhichtheycantopuptheirknowledgeinlinewithcareerdemandsandoverallprofessionaldevelopment.Thesecanbetakenasstudytowardsanoverallqualificationoronastandalonebasis.
Blends different assessment methodsThemethodoftestingforeachunitisselectedonthebasisofwhatismostappropriatetothetypeandleveloflearningbeingundertaken.Theseinclude:
•multiplechoice;
•casestudy-based;
•essayquestions;or
•assessmentbycourseworkordissertation.
Multiplechoiceexamsaretestedonlineprovidingcandidateswithgreaterflexibilityontimingandlocation.
Formal recognition upon completionA‘RecordofAchievement’isawardedforeachunitpassedandtheAwardfortheFoundationInsuranceTest,AwardinLondonMarketInsurance,CertificateinLondonMarketInsuranceSpecialisation,Certificate,DiplomaorAdvancedDiplomainInsurance,asappropriate,isawardeduponcompletionofaqualification.Theseprovideportableandpermanentevidenceoflearningundertaken.
Industry recognised member designations‘CertCII’,‘DipCII’,‘ACII’and‘FCII’designationsareavailabletoCIImembersqualifiedtoCertificate,Diploma,AdvancedDiplomaandFellowshiplevelrespectively.
AlldesignationholdersparticipateintheCII’sContinuingProfessionalDevelopment(CPD)scheme,tohelpmaintainandenhancecompetence,andassistwithongoingcareerdevelopment(seewww.cii.co.uk/cpdfordetails).
Dovetails with market-leading competence systemsTheframeworkiscomplementedbyassessmentandcompliancetoolsdevelopedbytheCII.
TheASSESSonlinetechnicaltrainingandcompetencesystemshelpqualifiedindustrypractitionerstomaintainandenhancetheircompetencebykeepingtheirknowledgeuptodate(seewww.cii.co.uk/elearningforfulldetails).
TheCIIBrokerAcademyisessentiallya‘onestopshop’traininganddevelopmentfacilityforinsurancebrokers.DevelopedinpartnershipwithAXAandBIBA,itdeliversanunrivalledrangeoflearningservicestoenablebrokerstoacceleratetheirprofessionaldevelopment(seewww.cii.co.uk/brokeracademyforfulldetails).
Office of Qualifications and Examinations Regulation (Ofqual)TheAwardfortheFoundationInsuranceTestisregisteredwithOfqualintheQualificationsandCreditFramework(QCF)atlevel2;andtheAwardinLondonMarketInsuranceandtheCertificateinInsuranceareregisteredatlevel3.TheCertificateinLondonMarketInsuranceSpecialisationisregisteredontheQCFatlevel7.Asaguidetothelevelofdifficultythisindicates,aGCSEA*–Cgradeorequivalentisatlevel2intheQCF,GCEA-Levelsareatlevel3,aMaster’sdegreeisatLevel7andaPhDisatlevel8.
Ofqualistheregulatorofqualifications,examsandtestsinEngland.Theyarealsotheregulatorsforrecognisedawardingbodies(suchastheCII).Forfurtherinformationpleasegoto:www.ofqual.gov.uk
Exploring the framework
Key features of the qualifications framework
CII insurance qualifications
Entry requirementsTherearenoentryrequirementsforanyoftheCII’sinsurancequalifications.Itisuptoeachindividualcandidatetoselectthequalificationthatbestmeetstheirneeds.
FortheDiplomaandtheAdvancedDiplomawedo,however,includeguidanceonthepriorlearningthatweconsiderappropriateforcandidatesenteringthesequalifications.Thesearereliableindicatorsastowhetheranindividualwillhavethepriorknowledgeand/orstudyskillstosuccessfullycompletethesequalifications.
Evidencing progressAsprogressismade,a‘RecordofAchievement’isprovideduponcompletionofeachunit.
Oncethenecessarycreditshavebeenaccumulated,thefullqualificationisawarded,includingacompletioncertificate.
BROKERASSESS
INSURANCEASSESS
CII Broker Academy
76
Key facts Award for the Foundation Insurance Test Certificate in Insurance Diploma in Insurance Advanced Diploma in Insurance
Levelofqualification Introductory Core Technical Professional
Creditsrequiredtocomplete(existingcreditscarriedforward)
6 401 1202
Minimum90achievedatDiplomalevelorabove2903
Minimum205atDiplomaorAdvancedDiplomalevelwith90beingatAdvancedDiplomalevel
Creditsperunit 6 10or15dependentonunitchosen 20,25or30dependentonunitchosen 30or50dependentonunitchosen
Numberofavailableunits 1 11CertificateunitsPlusaccesstoFIT,DiplomaandAdvancedDiplomaunits
18DiplomaunitsPlusaccesstoFIT,CertificateandAdvancedDiplomaunits
9AdvancedDiplomaunitsPlusaccesstoFIT,CertificateandDiplomaunits
Compulsoryunits FIT–singleunit 1unit•(IF1)Insurance,legalandregulatory4
2units•(P92)Insurancebusinessandfinance5
and•(P05)Insurancelaw
2units•(P92)Insurancebusinessandfinance5
and•(P05)Insurancelaw
Assessmentformat Exam–online,2hours100multiplechoicequestions
Exam–online,1,1.5,or2hoursdependentontheunitchosenMultiplechoicequestions/minicasestudies
Exam–2or3hoursdependentontheunitchosenWrittenshortanswersandessaystylequestions
Exam–3hours• Essaystyle/casestudyquestionsandwritten
shortanswersUnit991–completionofa10,000worddissertation
Averagestudytime 40hours 50hoursperunit 90–100hoursperunitdependentonthatchosen
120–180hoursperunitdependentonthatchosen
Combinationofunitsatanylevelallowed? Notapplicable Yes Yes Yes
Availabilityofexamsessions(DetailsshownapplytotheUK.OutsideoftheUKtests/examsareofferedtwice-yearly)
Year-roundAvailabilityvariesfromcentretocentre,buttypicallytestscanbesatweekly
Year-roundAvailabilityvariesfromcentretocentre,buttypicallyexamscanbesatweekly
TwiceyearlyApril/October
TwiceyearlyApril/OctoberEnrolmentforunit991year-round(subjecttoavailability)
Entryrequirements? None None NoneWedo,however,recommendthatcandidatesenteringtheDiplomashouldholdthefollowing:•CertificateinInsurance;or•5GCSEsgradeCorequivalent
NoneWedo,however,recommendthatcandidatesenteringtheAdvancedDiplomashouldholdthefollowing:•DiplomainInsurance;or•3A-levelsorequivalent
Creditsavailableforpriorlearning? No Yes Yes Yes
RecordofAchievementissuedforeachexampass?
Yes Yes Yes Yes
Completioncertificate/diplomaawarded? YesAwardfortheFoundationInsuranceTest
YesCertificateinInsurance
YesDiplomainInsurance
YesAdvancedDiplomainInsurance
CIImembershipdesignation No CertCII,CertCII(LondonMarket),CertCII(CustomerService),CertCII(HealthandProtection),CertCII(Claims)6
CIImembersareentitledtouseoncompletion
DipCII,DipCII(Claims)6
CIImembersareentitledtouseoncompletionACII6
CIImembersareentitledtouseoncompletion
OfficeofQualificationsandExaminationsRegulation(Ofqual)approved?Note:Fundingmaybeavailableforapprovedexaminations(contactCustomerServiceformoreinformation)
YesLevel2
YesLevel3
Notatthetimeofgoingtoprint–seehttp://register.ofqual.gov.ukforlatestinformation
Notatthetimeofgoingtoprint–seehttp://register.ofqual.gov.ukforlatestinformation
key
fact
s
Notes:
TobeawardedaCIIqualification,youmustobtain,byCIIexamination,courseworkassessmentordissertation,apassinaunitfromthequalificationthatyouarelookingtocomplete,andmeetthequalificationcompletionrequirements.Theserulesapplyirrespectiveofhowmanycreditsyourexistingqualificationsmightprovide.
1. Atthetimeofgoingtoprint,amaximumof30creditsobtainedfromfinancialplanningqualifications(CIIorcomparableawardedbyanothereducationalbody)cancounttowardstheCertificate.Pleasenote:theserulesarecurrentlyunderreview–anychangeswillbepublicisedin2013
2. Atthetimeofgoingtoprint,amaximumof60creditsobtainedfromfinancialplanningqualifications(CIIorcomparableawardedbyanothereducationalbody)cancounttowardstheDiploma.Pleasenote:theserulesarecurrentlyunderreview–anychangeswillbepublicisedin2013
3. Atthetimeofgoingtoprint,amaximumof180creditsobtainedfromfinancialplanningqualifications(CIIorcomparableawardedbyanothereducationalbody)cancounttowardstheAdvancedDiploma.Pleasenote:theserulesarecurrentlyunderreview–anychangeswillbepublicisedin2013
4. CertificatecandidatescansatisfythecompulsoryunitrequirementbyholdingeitherunitIF1ortheAwardinLondonMarketinsurance(unitsLM1andLM2)
5. InplaceofunitP92,DiplomaandAdvancedDiplomacandidatescanalsosatisfythebusinessunitrequirementbyholdingunit530or(thenowwithdrawnunit)P04
6. ContinuingProfessionalDevelopmentandCodeofEthicsrequirementsapply.
Key factsLearning support
Learning supportLearningstylesandpreferencesvaryfromcandidatetocandidate.Thisinfluencestheirmethodofstudyandhelpsdeterminethetypeoflearningsupporttheyprefer.
Toaccommodatethesedifferentrequirementswehavedevelopedacomprehensivesuiteoflearningandrevisionaidsthatcatersforallstylesoflearning.Notonlythat,theycanimprovecandidates’chancesofachievingthatall-importantpass.
Differentaidsareavailableaccordingtothequalificationbeingstudiedfor.
Enhanced study programmesAtDiplomalevelandAdvancedDiplomalevelwetypicallyoffercandidatestheoptiontotesttheirknowledgeastheyprogressandtoreceiveexpertfeedbackontheirunderstandingandquestion-answeringtechniquebycompletingwrittenassignmentsmarkedbyasubjectmatterexpert.
Thecontinuousassessmentoptionincludesaseriesofassignments,markedbyanexperttutorandreturnedwithcomments.Successfulcompletionofthisstudyprogrammealsoresultsinanawardof10%towardstheexamresult.
Revision coursesDeliveredbysubjectmatterexperts,theseareproventoboostthechancesofexamsuccessbyasmuchas50%.
Achoiceofcoursesaretypicallyavailable,rangingfromsingle-daycoursestointensivemultiple-dayworkshopstoeveningcourses.
Exam guidesTheseprovideeitheracompletespecimenoranactualpaper,togetherwithanswers,providinghintsandtipsonhowtopass.ThecontentofthelatestexamguideisincludedFREEwithintheRevisionMatestudytoolprovidedwithCertificate,DiplomaandselectedAdvancedDiplomalevelstudytextpurchases.
Key fact bookletsPocket-sizedsummariesofthecorelearningtext,idealforusewhentravellingtoandfromworkorothersituationswherestudyfromthemaintextisimpractical.
RevisionMateAvailablefreewhenyoupurchaseastudytextforCertificate,DiplomaandmostAdvancedDiplomaexamunits,RevisionMateisacomprehensiveonlinestudytool.Itprovidesaccesstoasuiteofservicesincludingstudyplanners,studentdiscussionforums,hintsandtipsandaccesstootheractivitiestohelpenhanceandbroadenyourknowledge.
LEARNAvailableforFITandCertificatelevelunitsIF1–IF8,thisonlinelearningserviceprovidesunrivalledinteractivelearningandrevisiontoolstoassiststudybackedbyself-assessmenttools.
Fulldetailsonthelearningandrevisionmaterialsavailableforeachqualificationcanbefoundintherelevant‘Informationforcandidates’brochuresavailableatwww.cii.co.uk/qualificationsorfromCustomerService.
98
exam
ples
How does the framework work in practice?
Example 1 – Award for the Foundation Insurance TestInrecognitionoftheenormousdiversitywithintheinsurancemarket,thequalificationsframeworkhasbeendesignedtobeasflexibleaspossible,allowingcandidatesfromacrosstheindustrytochoosearoutethatsatisfiestheirneedsandpreferences.
Toprovideaflavourofhowtheframeworkworksinpractice,oppositeandoverleafareafewexamplesofhowqualificationscanbeobtainedfordifferenttypesofroleswithintheindustry.
Ascanbeseen,therequirementsandaspirationsofindividualsfromallsectorsandatalllevelscanbeaccommodated.
Stephen,arecentrecruittothecallcentreofadirecthouseholdinsurer,studiesandpassestheFoundationInsuranceTestaspartofhisinductionprogramme.
Thissingleunitcoursegiveshimanessentialgroundingininsurance:
•howthemarketoperates;
•coreprinciplesandprocedures;and
•keypersonalinsuranceproducts.
FITalsoincludesfullmembershipoftheCIIprovidingarangeofbenefitswhichcanassisthiminstudyingforFITandprovideessentialsupportinhisworkinglife.
OnpassingFIT,StephenreceivesaRecordofAchievementandacompletioncertificate,indicatinghehascompletedtheAwardfortheFoundationInsuranceTest.HiscreditswillalsocounttowardsstudyfortheCertificateinInsuranceshouldhewishtocontinuehisstudies,developinggreatertechnicalknowledge.
FoundationInsuranceTest–6credits
JillisawardedtheCertificateinInsuranceuponcompletion.AsamemberoftheCIIandalsoaholderoftheIF4claimsunitsheisentitledtousethedesignation‘CertCII(Claims)’.ThecreditsobtainedforcompletingtheCertificatewillcounttowardsstudyforhigherlevelCIIqualificationsshouldshecontinueherstudies.
(IF1)Insurance,legalandregulatory
15credits
(IF4)Insuranceclaimshandlingprocess
15credits
(IF5)Motorinsuranceproducts
15credits
Example 3 – Certificate in Insurance
Jill,amotorclaimshandlerinacallcentre,entersandpassesthreeCertificateunits:thecompulsorypaper‘Insurance,legalandregulatory’andtheoptionalunits‘Insuranceclaimshandlingprocess’and‘Motorinsuranceproducts’.
Witheachunitworth15credits,Jillpassesthe40creditthresholdforcompletionoftheCertificate.
CertificateinInsurance(minimum40creditsrequired)
ChrisisawardedtheDiplomainInsuranceoncompletionandasamemberoftheCIIisentitledtousethedesignation‘DipCII’.HiscreditswillcounttowardsstudyfortheAdvancedDiplomashouldChriscontinuehisstudies.
Example 4 – Diploma in Insurance
Chris,anaccounthandlerinacommercialbrokerage,entersandpassesatDiplomalevelthecompulsoryunits,‘Insurancebusinessandfinance’,and‘Insurancelaw’.HethenpassesfurtherDiplomaunits,‘Insurancebrokingpractice’,‘Commercialpropertyandbusinessinterruption’and‘Liabilityinsurances’.
Thisamountstoatotalof120Diplomalevelcredits,meetingtherequirementsforpassingtheDiplomainInsurance.
(P92)Insurancebusinessandfinance
25credits
(P05)Insurancelaw
25credits
(P81)Insurancebrokingpractice
20credits
(P93)Commercialpropertyandbusinessinterruption
25credits
(P96)Liabilityinsurances
25credits
DiplomainInsurance(minimum120creditsrequired)
JayisawardedtheAwardinLondonMarketInsurance.HeisalsoexemptfromunitIF1(thecompulsoryunitfortheCertificateinInsurance)soshouldhewishtofurtherhisstudiestocompletetheCertificate,hecandosobysittingoneotherCertificateunitofchoicetogainthenecessarycredits.IfhecompletestheCertificateandjoinsasamemberoftheCII,hewillbeentitledtousethedesignationCertCII(LondonMarket).
Example 2 – Award in London Market Insurance
JayhasjuststartedworkingforaLloyd’ssyndicateasatechnicalassistant.Hedealswithunderwriters,brokersandcoverholderssoneedsabroadunderstandingoftheLondonmarket,aswellasamoredetailedunderstandingofsomeofthetechnicalissues.
Hesits‘Londonmarketinsuranceessentials’togaintheessentialgrounding,followedby‘Londonmarketinsuranceprinciplesandpractices’tobroadenhisknowledgeandgainmoredetailedtechnicalknowledge.
(LM1)Londonmarketinsuranceessentials
10credits
(LM2)Londonmarketinsuranceprinciplesandpractices
15credits
AwardinLondonMarketInsurance–25credits
1110
exam
ples
How does the framework work in practice?
Example 5 – Advanced Diploma in Insurance
JosieworksforaLloyd’ssyndicateasapropertyunderwritingassistantandhasaspirationsofbecomingapropertyunderwriter.Tothisend,shenowwantstostudyfortheAdvancedDiploma.
ShehasalreadycompletedtheAwardinLondonMarketInsuranceandtheDiplomainInsurance,passingtheDiplomaunits‘Insurancebusinessandfinance’,‘Insurancelaw’and‘Commercialpropertyandbusinessinterruption’,andtheAdvancedDiplomaunit‘Advancedunderwriting’.TheAwardinLondonMarketInsuranceprovides25credits,theDiplomaunitsprovideatotalof75creditsandtheAdvancedDiplomaunit30,amountingto130creditsinall.
InordertocompletetheAdvancedDiploma,Josierequiresanother160credits(withatleast100oftheseatDiplomaleveloraboveand60tocomefromfurtherAdvancedDiplomaunits).SheentersandpassestheAdvancedDiplomaunits‘Economicsandbusiness’,‘Riskmanagement’,‘Advancedclaims’,and‘Insurancecorporatemanagement’aswellasfurtherDiplomaunits‘Commercialinsurancecontractwording’and‘Reinsurance’.TheAdvancedDiplomaunitsareworth30creditseach,andtheDiplomaunitsareworth50furthercredits,givingatotalof170andamountingto300creditsinall.Josiemeetsthe290creditthresholdforAdvancedDiploma,includingthespecifiedcombinationofcredits.
(LM1)Londonmarketinsuranceessentials
10credits
(LM2)Londonmarketinsuranceprinciplesandpractices
15credits
(P92)Insurancebusinessandfinance
25credits
(P05)Insurancelaw
25credits
(P93)Commercialpropertyandbusinessinterruption
25credits
(960)Advancedunderwriting
30credits
DiplomainInsurance(minimum120creditsrequired)
JosieisawardedtheAdvancedDiplomainInsuranceoncompletionand,asamemberoftheCII,sheisentitledtousethedesignation‘ACII’.Shecanalsoapplyfor‘CharteredInsurer’statusandhastheoptiontocontinueherstudiestowardsFellowshipifshewishes.
(530)Economicsandbusiness
30credits
(655)Riskmanagement
30credits
(820)Advancedclaims
30credits
(990)Insurancecorporatemanagement
30credits
(P21)Commercialinsurancecontractwording
20credits
(P97)Reinsurance
30credits
AdvancedDiplomainInsurance(minimum290creditsrequired)
Forher‘majorachievement’,Menadecidestoobtainanadditionalprofessionalqualification:theCII/CassBusinessSchoolMScinInsuranceandRiskManagement.ThroughtheMScMenaexploresthegrowingrelationshipbetweeninsurance,riskmanagementandfinancialservicesdevelopinghertechnicalunderstanding.
AsaholderoftheAdvancedDiploma,Menacantakeafast-trackroutetocompletionoftheMScviaexemptionsfromfourofthecompulsoryeightcoremodules.Shemusttakefourcoremodulesandselectthreeelectivemodulesaswellascompletingadissertation(orbusinessresearchproject).
Asapart-timestudentshecompletesthisin20months,ratherthanthetwoyearsitwilltypicallytakepart-timenon-AdvancedDiplomaholders.
MenacompletesherMScandfulfilsalltheFellowshiprequirements.SheisawardedtheFellowshiponcompletionand,asamemberoftheCII,isentitledtousethedesignation‘FCII’.Sheisalsoentitledtousethedesignation‘MSc’.
Continuingprofessionaldevelopment(CPD)
Businessethicsprogramme(BEP)
Majorachievement
Statementofpersonaldevelopment(SPD)
Submissionofthreeyears’CPDrecords
Completingadistancelearningcourseprovidingaframeworkfortheethicalandmoralissuesthatshefacesintheworkplace
Undertakingoneofthefollowing:aninsurance-relateddissertation;awork-basedprojectreport;afurtheracademicorprofessionalqualification;oraportfolioofpublishedworks
ThesubmissionofastatementsummarisingthelearninganddevelopmentshehasgainedthroughtheFellowshipprogrammeandhowherfutureprospectswillbehelpedthroughherachievement
Example 6 – Fellowship (including the MSc in Insurance and Risk Management)
Menaworksasaregionalunderwritingmanagerwithinalargecommercialinsurer.Shejoinedfromuniversityontoagraduatetrainingprogrammeand,aspartofhertraining,completedtheAdvancedDiplomainInsurance.AsamemberoftheCIIthisallowedhertoattainthedesignation‘ACII’.
Uponcompletingfiveyears’workexperience,sheappliedforandwasawarded‘CharteredInsurer’status.Menaiskeentocontinuetoadvancehercareer.Sheseesongoingstructuredprofessionaldevelopmentasessentialtothefulfilmentofherambitions.
MenadecidestoenrolontheFellowshipprogramme.
Thisinvolveshermeetinganumberofrequirementsrelatedtoadvancedprofessionaldevelopment:
Inrecognitionoftheenormousdiversitywithintheinsurancemarket,thequalificationsframeworkhasbeendesignedtobeasflexibleaspossible,allowingcandidatesfromacrosstheindustrytochoosearoutethatsatisfiestheirneedsandpreferences.
Toprovideaflavourofhowtheframeworkworksinpractice,oppositeandontheprecedingpageareafewexamplesofhowqualificationscanbeobtainedfordifferenttypesofroleswithintheindustry.
Ascanbeseen,therequirementsandaspirationsofindividualsfromallsectorsandatalllevelscanbeaccommodated.
12
Forfurtherinformationonanyofthecoursesorqualificationsmentionedinthisbrochure,includingdetailsonhowtopurchase,visitwww.cii.co.ukorcontactCustomerService.
2013‘Informationforcandidates’brochures:
•FoundationInsuranceTest–Ref:ICI001(11/12)
•AwardinLondonMarketInsurance–Ref:ALM001(11/12)
•Certificate/Diploma/AdvancedDiplomainInsurance–Ref:ICI005(11/12)
•PrinciplesofTakaful–Ref:TAK001(11/12)
•Fellowship–Ref:CMISC005(11/12)
•MScinInsuranceandRiskManagement–Ref:IMF001(11/12)in
form
atio
n Further information
fram
ewor
k CII insurance qualifications framework
(530) Economics and business
(590) Principles of Takaful
(991) London market insurance specialisation
(945) Marketing insurance products and services
(655) Risk management
(820) Advanced claims(930) Advanced insurance broking
(990) Insurance corporate management
Fellowship (Designation: FCII)
Advanced Diploma in Insurance (Designation: ACII)
MSc in Insurance and Risk Management
unit credit rating
30 credits
50 credits
(P61) Life, critical illness and disability underwriting1
(P63) Long term insurance business1
(P64) Private medical insurance practice1
(IF9) Customer service in insurance
(P62) Life, critical illness and disability claims1
(P91) Aviation and space insurance
(P97) Reinsurance
Diploma in Insurance (Designations: Dip CII, Dip CII (Claims))
30 credits
(P96) Liability insurances(P94) Motor insurance
(P93) Commercial property and business interruption
(P90) Cargo and goods in transit insurances
(P05) Insurance law
COMPULSORY UNIT*
25 credits
Key: unit code: ( ) unit credit rating: X credits
* To satisfy the Diploma and Advanced Diploma compulsory unit requirements you can either pass units P92 and P05 or alternatively 530 and P05
** To satisfy the Certificate compulsory unit requirements you can either pass unit IF1 or alternatively the Award in London Market Insurance (achieved by completing units LM1 and LM2) 1 These units will be examined for the first time in April 2013, with study material becoming available
in December 2012
(P21) Commercial insurance contract wording
(P81) Insurance broking practice
(P85) Claims practice (P86) Personal insurances
(P80) Underwriting practice
20 credits
(FIT) Foundation Insurance Test
Certificate in Insurance (Designations: Cert CII/Cert CII (Claims)/Cert CII (London Market)/ Cert CII (Customer Service)/Cert CII (Health and Protection))
Award for the Foundation Insurance Test
6 credits
(P92) Insurance business and finance
COMPULSORY UNIT*
(IF1) Insurance, legal and regulatory
COMPULSORY UNIT**
(IF3) Insurance underwriting process
(IF5) Motor insurance products
(IF8) Packaged commercial insurances
(IF6) Household insurance products
(IF2) General insurance business
(IF4) Insurance claims handling process
(IF7) Healthcare insurance products
15 credits
(LM2) London market insurance principles and practices
(LM1) London market insurance essentials
10 credits
(960) Advanced underwriting
(P98) Marine hull and associated liabilities
“Professionalism is central to our business – we are an enthusiastic signatory to the Aldermanbury Declaration and are proud to have achieved corporate Chartered Insurers status. Knowledge and technical capability are building blocks of our success, and CII qualifications, from the Certificate through to Fellowship, are a key element of our skills development programme for both technical and non-technical roles.
We encourage and fund study for CII examinations because the resulting qualifications send out such a powerful message to clients and business partners. They inspire consumer and regulatory confidence whilst enhancing technical knowledge and career development for the individual. We provide comprehensive learning and revision support including face-to-face training courses, interactive on-line study and continuous assessment enrolment, and pay for CII membership for our staff where appropriate, again promoting the importance of professionalism in all we do.
Jo SmithHead of Technical Training Zurich Insurance plc ”
NEW
NEW NEW
NEW
CII qualifications are hugely important at the Towergate Business School, providing a crucial technical and business foundation.
Insurance roles at Towergate require an appropriate CII qualification and they are integral to our recruitment and retention policy. A large percentage of our underwriting, claims and broking people are continuously engaged in professional study and all have active CPD programmes.
The qualification structure allows people to study relevant subjects at the right level and enables us to promote career development to support the business.
We are hugely proud of our corporate Chartered Insurance Brokers and Chartered Insurers status and our commitment to the Aldermanbury Declaration, which all recognise our commitment to employee development and the provision of excellent customer service.
Fiona AndrewsPartner & Group Head of Organisational DevelopmentTowergate Insurance
The Chartered Insurance Institute 42–48 High Road, South Woodford, London E18 2JPtel: +44 (0)20 8989 8464 fax: +44 (0)20 8530 3052 email: [email protected] website: www.cii.co.uk
Ref: CII – IOB001 (11/12)C12J_7333
CII insurance qualifications framework2013 Overview brochure
www.cii.co.uk
Enhancing professionalism
across the insurance
market
© The Chartered Insurance Institute 2012
CHARTERED INSURER, CHARTERED INSURANCE BROKER, CHARTERED INSURANCE PRACTITIONER, FCII, ACII, Dip CII and Cert CII are registered collective marks and THE CHARTERED INSURANCE INSTITUTE, CII and the CII logo are registered trade marks of The Chartered Insurance Institute.
A CENTURY OF PROFESSIONALISM
Join the growing community of professionals who are supporting their studies and career aspirations through membership of the CII.
As a member you will enjoy the following exclusive benefits:
• Access to an online library containing a comprehensive range of insurance and financial services publications, reports and documents to support study and workplace performance
• Free access to an archive of exam guides for written exams
• Discounts on learning materials, revision courses and exam entry – typically saving around 19%
• Accessible career support through local CPD events, industry training and networking opportunities (UK, Channel Islands and Isle of Man only)
• The Journal, a member publication delivering the latest news and analysis of the full spectrum of insurance topics
And ongoing support for your career:
• Upon completion of your qualification, use of the appropriate designation – Cert CII, Dip CII, ACII, FCII and Chartered status – to demonstrate knowledge and technical capability
• Market and technical updates
• Continuing Professional Development (CPD) programme to keep your knowledge current and compliant.
Membership costs from as little as £5.87 a month by Direct Debit.UK tax-payers can claim income tax relief on
membership fees.
To sign up contact us on 020 8989 8464 or visit www.cii.co.uk/join
Belonging to the CII has made a real difference to my development as an insurance professional. It helped my studies and supports me in my career, providing the tools that I need to keep up-to-date with developments.
Michael Muzio ACII Chartered InsurerUnderwriting and Claims Director, Towergate