A new qualification has been launched exclusively for the London market by The Chartered Insurance Institute (CII).
Developed in partnership with the Lloyd's Market Association, the CII Certificate in London Market Insurance Specialisation has been designed to develop the candidate's ability to conduct rigorous insurance or reinsurance related research that contributes to the body of London Market industry knowledge. Its launch marks a significant milestone in the support of professionalism within the London insurance market.
As well as a qualification being awarded in its own right, using credits that are recognised in the national Qualifications and Credit Framework (QCF), successful completion also awards CII credits that can be used towards other CII qualifications. The qualification attracts 50 CII credits at Advanced Diploma level and 18 credits at Level 7 on the QCF.
Each candidate creates his or her own study pathway, selecting an area of interest in the London market for in-depth analysis. They are then required to research and submit a 10,000 word dissertation, which is assessed by leading market practitioners.
Terry Hayday, head of professional standards for Lloyd's Market Association, comments: "I'm delighted that the CII has partnered with Lloyd's Market Association to develop this new certificate. This collaboration recognises the unique nature of the London insurance market and, in turn, the value that can be derived from researching specialised developmental requirements among underwriters and brokers."
Graeme Sutton, CII director of corporate development, adds: "Sector-specific qualifications are important in developing specialist knowledge so we are pleased to introduce this new certificate. It will help London market insurers and brokers add to the body of London Market industry knowledge by conducting rigorous research into a specialist area."
The CII Certificate in London Market Insurance Specialisation is now open for enrolments. Due to the amount of work involved in assessing and accepting proposals, and in marking and moderating completed dissertations, enrolments are limited to 20 candidates in the first year. Enrolments are being accepted on a first come, first serve basis.
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