CII announces the launch of a new certificate level exam for brokers
The Chartered Insurance Institute (CII) has announced the launch of a new certificate level examination.
The new unit 'Insurance Broking Foundations/Essentials' (I90) is an introductory qualification that provides knowledge and understanding of the roles and responsibilities of insurance brokers including:
- Their interaction with insurers
- Their interaction with clients
- Regulatory and financial issues affecting them and
- Conduct issues
Steve Jenkins, director of financial markets at the CII said, "The CII is fortunate enough to enjoy the support of a number of leading practitioners from the broking sector. Over the coming weeks and months we will be working closely with the Broking Faculty Board and BIBA to ensure the new unit meets the needs of new and recent recruits to the broking profession, and supports the creation of new broking related apprenticeships.
Stuart Reid, chair of the CII Faculty of Insurance Broking, said "Public confidence in financial services is a burning issue and the need for greater knowledge, expertise and higher professional standards in insurance broking has never been greater
The Faculty board is delighted to be able to share its experience and expertise with the CII and to assist in the creation of this new exam unit. This collaborative approach will provide candidates with a robust study framework, which will in turn result in better quality outcomes for clients they serve."
Completion of Insurance Broking Foundations/Essentials will provide 15 Certificate-level credits that, subject to completion rules, can also be used towards completion of the Diploma and Advanced Diploma in Insurance. It will also be of interest to those in other areas of insurance who want to gain a better understanding of broking.
CII study material for the new unit will be made available towards the end of 2014 with the first exam sitting scheduled for the second quarter 2015.
