What Is a Chartered Insurance Professional?
The Chartered Institute of Insurance is also known as the "Royal Institute of Insurance". Insurance vocational education institutions and academic groups with world influence specially approved by the Royal Kingdom. Since the establishment of the first insurance institute in Manchester in 1873, other cities have followed suit. In order to strengthen the exchanges and cooperation between the institutes and train insurance talents, the "French Federation of Insurance Institutions of Great Britain and Ireland" was established in 1897, and finally in 1912 Obtained a Royal Charter in the United Kingdom, becoming an influential vocational education organization in the insurance and financial fields, renamed its current name, and relocated the Institute's headquarters from Manchester to London. The function of the society is to improve the level of insurance practitioners in business operations by providing a large number of teaching and training subjects; organize insurance professional examinations and issue qualification certificates to those who pass the examination, including membership (FCII) certificates, associate membership ( AC) Certificate, Certificate of Practice (CIP) and Certificate of Proficiency (COP). The Association Membership (CII) exam is known for its standards, systems, and rigor. Its exam subjects combine economics, law, insurance business technology, and insurance expertise. The CII exam is now held twice a year, and is held in spring and autumn. The authority of the exam is generally recognized by the international insurance industry, and its influence is gradually expanding. [1]
Chartered Institute of Insurance
Right!
- The Chartered Institute of Insurance is also known as the "Royal Institute of Insurance". Insurance vocational education institutions and academic groups with world influence specially approved by the Royal Kingdom. Since the establishment of the first insurance institute in Manchester in 1873, other cities have followed suit. In order to strengthen the exchanges and cooperation between the institutes and train insurance talents, the "French Federation of Insurance Institutions of Great Britain and Ireland" was established in 1897, and finally in 1912 Obtained a Royal Charter in the United Kingdom, becoming an influential vocational education organization in the insurance and financial fields, renamed its current name, and relocated the Institute's headquarters from Manchester to London. The function of the society is to improve the level of insurance practitioners in business operations by providing a large number of teaching and training subjects; organize insurance professional examinations and issue qualification certificates to those who pass the examination, including membership (FCII) certificates, associate membership ( AC) Certificate, Certificate of Practice (CIP) and Certificate of Proficiency (COP). The Association Membership (CII) exam is known for its standards, systems, and rigor. Its exam subjects combine economics, law, insurance business technology, and insurance expertise. The CII exam is now held twice a year, and is held in spring and autumn. The authority of the exam is generally recognized by the international insurance industry, and its influence is gradually expanding. [1]
The CII exam organized by the society enjoys a high professional reputation and is widely recognized around the world. The CII exam is divided into four levels:
The first is the IFC Insurance Foundation Certificate Qualification Exam. This is the first level test, and you can apply for any age and qualification. The test consists of two courses, specifically the "Insurance Market and Legal Principles"; the "General Insurance (non-life insurance)" or "Life Insurance".
The second is the CIP insurance practice certificate qualification examination. This exam is designed for insurance practitioners with a certain professional level. Candidates must be under the age of 21 and pass the IFC exam or at least 4 C-level education standards or above. There are 5 courses in this exam: the compulsory exams are Insurance Practice, the Scope of Insurance Law, and the Practice of Modern Business. "," Insurance Management Principles and Practice "," Insurance Managers and Accounting and Finance "," Insurance Technical Accounts and Accounting Structure ", etc.
The third is the ACII associate membership exam. The exam is for professionals with some insurance practice experience. Pass the exam to join the Association of Insurance Professionals (MSTT) to use MSTT titles. Insurance practitioners aged 25 or older can apply for the test. There are 10 courses in this exam. Candidates must take 3 core courses and 1 management course (referring to professional and technical fees). Then choose one from the professional course and the technical course, and the other from the management course. There are 4 optional courses. The core courses are: "Risk and Insurance", "Contract Law and Its Applications", "Enterprise Environment"; the technical courses are: "Insurance Management Principles and Practices", "Accounting and Finance of Insurance Managers", "Personal Insurance" , "Liability Insurance", "Life Insurance", "Auto Insurance", etc .; professional courses include: "Life and Disability Underwriting", "Long-Term Business Financial Scope", "Risk Management", "Insurance Brokers", etc. .
The fourth is the FCII qualification certificate. After passing the ACII exam, candidates continue to engage in insurance practice for 3 years before submitting a 3000-5000 word thesis. After being approved by the London CII Examination Board, they can obtain an FCII certificate and become a certified underwriter. FCII is the highest qualification in the international insurance community.