The Chartered Institute of Insurance has 4 main levels of qualification.
The first Qualification offered by the Chartered Insurance Institute (“CII”) is the award for the FIT.
The Award is an introductory-level qualification that helps develop an understanding of key insurance topics, including: how the insurance market operates; fundamental risk and insurance principles and procedures; and core personal and commercial insurance products.
There are no entry requirements. To complete the Award you need to pass the compulsory FIT units. Upon completion, you will also receive 6 CII credits that can be used towards other CII qualifications. The recommended study time for this exam is 40 hours.
The FIT is valuable to people who are new to the industry or are looking to break into it.
The Certificate in Insurance is a core qualification for insurance staff working across all sectors of the industry. It supports role-specific learning which will assist you to develop the relevant knowledge, skills, and behaviours needed to succeed.
By covering a broad range of core topics, the Certificate allows you to develop the knowledge and confidence you need before you begin to focus your subsequent studies and specialise according to your ambitions and career requirements.
This qualification is the first step towards becoming professionally qualified and, as such, its value is widely recognised by employers throughout the insurance industry.
The exams are taken in officially sanctioned test facilities. They are available year-round at online exam centres throughout the UK.
Again, some of the information covered in the units will be a bit repetitive for experienced brokers, but the long term benefits far outweigh this. The completion of a Certificate demonstrates to your employer, peers, and customers a commitment to personal learning and development which adds value to your client-facing relationships.
Once you’ve obtained your Certificate you can proceed onto the next qualification, the Diploma in Insurance.
The Diploma in Insurance is a technical and supervisory qualification for insurance staff working across all sectors of the industry. It will provide you with a firm grounding in insurance fundamentals and will enable you to build towards advanced technical knowledge, thereby ensuring you have the means to function effectively in a challenging environment.
It is catered towards supervisors, team leaders and those with long-term ambitions of assuming managerial responsibilities.
They are available twice-yearly in April and October at more than 50 exam centres across the UK.
Holding a Diploma truly separates you from your peers. The amount of hard work, dedication, and study required to earn your Diploma demonstrates you are a cut above those around you and truly committed to becoming the best broker you can possibly be. This Qualification assuredly puts you in the position for fast track advancement. If you really want to push yourself, the ultimate level offered is the Advanced Diploma.
The Advanced Diploma in Insurance is a professional qualification for insurance staff working across all sectors of the industry. It provides an enhanced understanding of insurance practice, both in terms of technical subject matter and overall application skills. It is a comprehensive assessment of market knowledge and understanding.
In becoming Advanced Diploma qualified you join the community of proven insurance professionals. It is evidence of your purpose, commitment and ability. To achieve the Advanced Diploma you must accumulate a minimum of 290 credits, with at least 205 at Diploma level or above and 90 at Advanced Diploma.
This Advanced Diploma level assessment method involves the completion of three coursework assignments within a 12 month enrolment period. This is in addition to the standard exam format that we saw at the Award, Certificate, and Diploma levels.
Assignments are typically 3,200–4,000 words in length, depending on the unit selected, and are due at regular intervals throughout the enrolment period.
Involving degree-level learning, candidates are required to research and analyse real-life insurance scenarios, applying both academic study and work-gained knowledge and experience.
Choosing to continue your studies demonstrates to your clients that you are highly motivated and extremely knowledgeable broker, and that you are doing everything in your power to provide them with the best possible service.
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