Professionalism in the insurance & financial services marketsstratagemacademy.com/wp-content/uploads/2016/04/CII-1.pdf · Professionalism in the insurance & financial services markets

Professionalism in

the insurance &

financial services

markets

The Chartered Insurance Institute

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Introducing the CII

• Leadership - World’s largest professional

body for Financial Services

• Professionalism – raising standards of

knowledge and behaviour under Royal

Charter

• Expertise – Vast range of qualifications,

learning aids and materials (for exams

and CPD)

• Heritage – Origins traced back to 1870s

• Membership – 112 k members including

“Protecting the public by guiding the profession”

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CII : today

• Overview

– Members in 150 countries

– Offices in London, India, Middle East, AsiaPac

• Indian presence

– Permanent office established in 2007

– Based in Mumbai

– Extensive relationships throughout the

profession

– Recent projects with Insurance companies

and Education partners

– Asked to assist IRDA on life agent

qualification during 2010

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The Professional Body

-10

0

10

20

30

40

50

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Revenue (£m) Operational Surplus (£m)

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Why CII?

– Key facts

• Only Institute in the world that offers qualifications up to the ‘Chartered’ level (in

Insurance and Financial Services)

• Presence and recognition in 150 countries.

• 112K members and 25K ‘Chartered’ title awarded

• Largest examination and qualification awarding body (one million students took CII

qualifications in the last decade)

• CII works with employers, regulators and education partners worldwide to develop

solutions that ensure competitive advantage

• CII qualifications are very well recognised (at the regulatory level) in many countries

including the UK, India, middle east, far east, Sri Lanka, Bangladesh, Africa.

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Slide 7

Certificate in Insurance

The Certificate in Insurance is a core

qualification for insurance staff

working across all segments of the

General Insurance industry

Three units are required to be passed Exam format – Multiple choice questions (MCQs) Record of achievement issued on passing each unit. On becoming CII member, successful candidates can use the designation ‘Cert CII’ From this the candidates can then progress to the Diploma / Advanced Diploma in Insurance

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Certificate in Insurance & Financial Services

(dual specialisation)

This is a new qualification

especially launched for

students outside the UK

working in financial advice

and or Insurance or aspiring

to work in both. It offers a

solid grounding across broad

range of areas.

3 units required from the following 5 options

Exam format – Multiple choice questions (MCQs)

Record of achievement issued on passing each unit. On becoming CII member, successful

candidates can use the designation ‘Cert CII’

Slide 9

The Award in Financial Planning India (AWI) – Course Content:

Financial Planning Needs

Fact-Finding Process

Good Adviser Practice

Protection Products

* Savings and Investment Products

Pension Products

* This section includes main features of personal taxation in India

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Award in Financial Planning India (AWI) - Exam requirements:

Details Criteria

Minimum study time 60-70 hours

Number of CII credits 10

Training deliver FPA trainers

Type of examination Paper based

Type of questions 50 Multiple choice questions

Time to complete the exam 1 hour

Pass mark 70% (at least 35 correct answers)

Designation available to members on passing ‘CII (Award)’

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Why CII Qualifications?

– benefits for an individual

• Develops core knowledge and capability

• Career advantage

• Demonstrates expertise and commitment…. differentiates the individual

• Keeps abreast of technical and market developments

• Life long learning

• Universally recognized market designations

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Why CII Qualifications?

– benefits for Company

• Skilled and professional staff needed to perform roles

effectively and efficiently

• Supports consumer and regulator confidence

• Improved customer experience

• Aids retention and reduces attrition

• Supports career development leading to overall growth

Slide 13