Chartered Insurance Institute

Coordinates: 51°35′41″N 0°01′17″E / 51.594761°N 0.021271°E / 51.594761; 0.021271

The CII logo
The Chartered Insurance Institute at Aldermanbury, London.
The CII emblem

The Chartered Insurance Institute (also known as the CII) is a United Kingdom based professional organisation for those working in the insurance and financial services industries.

The institute provides accreditation and professional qualifications to UK and international members. Designated qualifications include (in ascending level order): Cert CII, Dip CII, Advanced Dip CII (ACII - previously called Associateship CII) and Fellowship CII (FCII). ACII and FCII accredited members are eligible to apply for election to Chartered Insurer status, which is based on experience in the insurance industry alongside these qualifications. These titles may be used by any person upon completion of the required level of qualification and confirmation from the institute.

Every CII member in the UK is also a member of a local institute. There are 60 local institutes across the UK, plus seven associated institutes in the Republic of Ireland.

A member of the CII in the UK, the Channel Islands or the Isle of Man, can join a local institute. The network of local institutes offers a contact point, education advice, CPD seminars and social events.

Membership

Membership is in excess of 115,000 in more than 150 countries.[1]

Standards

An independent Professional Standards Board exists to promote professionalism and the adoption of high standards throughout the Insurance and Financial Services Industry and interfaces with Government, with regulators and with consumers in pursuing that objective.

Industry led

The CII system of faculties and societies ensures that CII services reflect the specialised nature of its professional members and corporate customers. The CII Group encompasses:

In General Insurance (‘Non-Life’ or ‘Property/Casualty’):

In the Life and Advice markets:

In the Mortgage market:

This structure ensures firms and individuals receive the support they need to ensure regulatory compliance, market effectiveness and professional development.

Examinations

As an examination body, the CII is recognised by UK examinations regulator, the QCA (Qualifications and Curriculum Authority). ACII is recognised as the de facto global standard in General Insurance.

The CII’s Chartered titles (Insurance Broker; Insurance Practitioner; Insurer; Financial Planner) represent the peak of the profession in each sector.

Learning

The CII has produced a range of competence frameworks covering the insurance sector. It is active in developing online provision – including the award winning Broker ASSESS product.

In partnership with the UK broker trade body BIBA and international insurance company AXA, the CII and its Faculty of Insurance Broking launched The Broker Academy in 2007. This established a one stop shop training and development facility dedicated to insurance brokers.

CII conducts specialist marine and maritime related insurance training for the industry.[2]

Working with employers

The CII works with employers to devise and implement training and development solutions that align with regulatory requirements, enhance professional development and sharpen competitive edge.

The CII has championed a number of market-wide initiatives, including work to improve the flow of recruits into the sector. The CII is leading an industry talent task force that is changing the perceptions of university graduates and school leavers about the insurance and financial services industries. The aim is to encourage the brightest and best young people to consider a career within the sector.

Supporting the profession

CII members are entitled to benefits to help them with their professional and personal development, including a CPD (continuous professional development) scheme.

A global body

The CII has around 13,000 members outside the UK in around 150 countries and 70 affiliated institutes. CII has offices in the Far East, Middle East and India.

Institute history

Museum

The institute has a small museum at Aldermanbury in the City of London which is mainly concerned with the history of fire fighting. In the 17th century insurance companies issued fire marks which their clients displayed on the insured property to show that they had purchased cover. The museum has a collection of fire marks and other artefacts relating to the history of fire insurance.

References

External links

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