1 ADVANCED DIPLOMA FELLOWSHIP CII QUALIFICATIONS 2015
2 CHANGES TO THE ACII The completion requirements for the Advanced Diploma are changing effective from 01 January 2017, please click here for a detailed CII document outlining these changes. OVERVIEW The two key changes are: A minimum of 150 Advanced Diloma credits will be required to complete the Advanced Diploma, as opposed to 90 at present. Complete three compulsory units as opposed to the current requirement of two. (P05/M05*) Insurance Law; and (P92/M92) Insurance business and finance or (530) Economics and business Plus one of the following: (820) Advanced claims; or (930) Advanced insurance broking; or (960) Advanced underwriting *Subject to the successful pilot of (M92) Insurance business and finance, a mixed assessment insurance law unit (M05) will be available from April For further information on changes scheduled for introduction during , please click here. CURRENT REQUIREMENTS The current Advanced Diploma completion requirements up to 31 December 2016 remain: 290 credits required in total Of these a minimum of 205 credits at Diploma or Advanced Diploma level, with 90 at Advanced Diploma Complete 2 compulsory units: (P05/M05*) Insurance law; and (P92/M92) Insurance business and finance or (530) economics and business 2
3 IMPORTANT DATES AT A GLANCE CONTENTS 1. Introduction 4 2. CII Membership and Professional Designations 5 3. Recognition of Prior Learning 6 4. Continuing Professional Development 7 5. CII Advanced Diploma in Insurance (ACII) 8 6. Fellowship (FCII) 14
4 1. INTRODUCTION THE III AND ITS MEMBERSHIP BENEFITS FROM A CLOSE PROFESSIONAL RELATIONSHIP WITH THE CHARTERED INSURANCE INSTITUTE (CII). THIS RELATIONSHIP HAS FACILITATED INSURANCE PROFESSIONALS IN IRELAND AVAILING OF AND OBTAINING INTERNATIONALLY RECOGNISED ADVANCED INSURANCE QUALIFICATIONS THROUGH THE CII. The CII is the leading professional body for the global financial services profession and aims to promote higher standards of integrity, technical competence and business capability. With over 115,000 members in more than 150 countries, the CII is the world s largest professional body dedicated to insurance and financial services. Success in CII qualifications is universally recognised as a global standard Membership of the CII signals a commitment to developing a broad professional capability and a willingness to adhere to the standards associated with professional status. 4 Introduction
5 2. CII MEMBERSHIP AND PROFESSIONAL DESIGNATIONS Following are the highest membership levels available to qualified members of the CII: Associate (ACII) Fellow (FCII) Individuals in Ireland who wish to use either the ACII or FCII designations must hold membership of the CII. To avail of the III CPD provision and compliance recording services, these members can apply for dual membership of the CII and the III. CII members at ACII or FCII level can also apply to the CII for Chartered status. Three Chartered titles are available: Chartered Insurer Chartered Insurance Practitioner Chartered Insurance Broker Chartered Insurer, Chartered Insurance Practitioner, Chartered Insurance Broker, FCII and ACII are registered collective marks of the Chartered Insurance Institute, CII and the CII logo are registered trademarks of The Chartered Insurance Institute. CII Membership and Professional Designations 5
6 3. RECOGNITION OF PRIOR LEARNING Holders of III qualifications may be eligible for CII recognition of prior learning. This means that passes in III exams can award credits that count towards CII qualifications, The CII recognition of prior learning scheme supports faster-track completion of CII professional qualifications and reduces both the time taken and duplication of study. Before submitting an application, members should consult the recognition of prior learning rules. Full details of scheme rules, application process and frequently asked questions are available at Members with queries regarding their application should contact the CII directly on Please note that III exam credits are NOT automatically added to CII records, therefore if members wish to register their III or academic examinations/qualifications with the CII they will need to apply to the CII directly. The CII recognition of prior learning scheme is independent of the III exemption scheme. Therefore, awards and credits may differ between organisations. Please also note that the CII charge a fee to claim recognition of prior learning credits. As MDI modules have been licensed by the III from the CII for localisation to the Irish market, a significant portion of the content mirrors the original CII units. Therefore, with effect from August 2013, the CII have agreed a reduced recognition of prior learning fee for III members of 1 per credit for MDI modules for CII and III members. Please note that the recognition of prior learning fee for non-mdi modules remains for 2015 at 3 per credit for CII members and 5 per credit for non-members. Full details are available at CII recognition of prior learning awards can change as the CII and III qualification frameworks evolve. We recommend that students apply for CII credits as soon as they successfully complete each eligible III examination or qualification. Once credits are paid for and confirmed by the CII, they will remain on the student s CII learning statement which can be requested from 6 Recognition of Prior Learning
7 4. CONTINUING PROFESSIONAL DEVELOPMENT The CII announced a new Continuing Professional Development (CPD) scheme on 2 July 2012 which applies to all CII qualified members, e.g. anyone holding the ACII or FCII designations. The CII have communicated details to their members advising them of what their new CPD requirements are. Full details are available at For information on recording CPD using the iiicompliance tool, please click here. Continuing Professional Development 7
8 5. CII ADVANCED DIPLOMA IN INSURANCE (ACII) THE CII ADVANCED DIPLOMA IN INSURANCE IS THE 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 Introduction In becoming Advanced Diploma qualified, graduates join a community of proven insurance professionals. It is evidence of your purpose, commitment and ability and can be your passport to a successful and fulfilling career. Upon completion CII members are entitled to use the designation ACII (CII Continuing Professional Development requirements apply). The information below summarises options for achieving the Advanced Diploma. Please note that applications for CII exams should be made directly to the CII. Structure The Advanced Diploma in Insurance (ACII), currently requires the accumulation of a minimum of 290 credits. Of these at least 205 must be at Diploma level or above and 90 at Advanced Diploma level. This should include completion of two compulsory units. Outside of these requirements, students are free to select units of study according to their preference and career requirements. Please note that the CII are introducing changes to credit requirements for Please click here for details. Recognition of Prior Learning (RPL) Credits awarded by recognition of prior learning can be used in reaching the number of credits required. Please see for further details. Once students pass III exams they intend to use towards completion of the Advanced Diploma in Insurance, they must apply to the CII for recognition of prior learning to be awarded credits. A personalised learning statement outlining credits achieved to date can be requested at learningstatement or from CII customer service at Core Compulsory Units P05/M05** Insurance law (with reference to UK law and practice) and P92/M92* Insurance business and finance (with reference to UK law and practice) or 530 Economics and business (with reference to UK law and practice) 8 *M92 Insurance business and finance is a mixed assessment (coursework and online exam) unit that is currently being piloted. Subject to the success of this pilot, this will be available on a permanent basis. **Mixed assessment unit M05 Insurance law will be available in April 2015, subject to the successful pilot of M92 Insurance business and finance..
9 Alternatives to P05 & III students who have successfully completed MDI -01: Insurance and Business Law (with reference to Irish law and practice) may apply to the CII for an exemption from P05. III students who have successfully completed MDI-02: Insurance Business Environment (with reference to Irish law and practice) may apply to the CII for an exemption from P92. The CII qualification requirements must be fully met for CII qualifications to be awarded. These include the requirement to complete at least one CII unit from the CII insurance qualifications framework by exam, dissertation or coursework at the same level or above of the CII qualification you are looking to complete. Students who successfully pass these or any other III exam they wish to use towards the Advanced Diploma, must apply to the CII for recognition of prior learning. III Syllabi III syllabi covering Irish law and practice are available for a number of modules. These modules (bar 561) form the III Management Diploma in Insurance (MDI) and can provide an appropriate stepping stone qualification towards the Advanced Diploma in Insurance. Professionals studying in the Republic of Ireland are free to select the more appropriate of the UK or Irish options. However, please note that under the CII scheme those awarded a CII unit as prior learning who pass (or have passed) the same CII unit by examination, will only be awarded one set of CII credits. See table below for III exams which may count towards completion of the Advanced Diploma through the CII s recognition of prior learning scheme. III exams which may count towards completion of the Advanced Diploma through the CII s recognition of prior learning scheme III MODULE MDI-01 Insurance and Business Law MDI-02 Insurance Business Environment CII Recognition of Prior Learning Award CII unit P05 CII unit P92 MDI-03 Strategic Marketing in Insurance CII unit 945* MDI-04 Motor Insurance MDI-05 Liability Insurance MDI-06 Commercial Property and Interruption Insurance CII unit P94 CII unit P96 25 non-unit specific credits at Diploma in insurance level MDI-07 Advanced Claims Management CII unit 820 MDI-08 Advanced Underwriting Management CII unit 960 MDI-09 Advanced Risk Management CII unit 992* 561 Life Assurance and Pensions 30 non-unit specific credits at Administration Diploma in Insurance level * Subject to confirmation from CII CII Advanced Diploma in Insurance (ACII) 9
10 Students applying to sit these III modules may apply directly to the III. Units that have been recognised for the purposes of a prior learning award may not be subsequently taken by examination. Students who have completed previous versions of the III modules listed in the table on page 9 may be entitled to CII credits via CII recognition of prior learning. Applications for such credits should be made immediately because CII recognition of prior learning awards change and are based on the award at the time of the RPL application. Please refer to the table below for further information. Students who have completed previous versions of the III modules listed in the table on page 9 may be entitled to CII credits via CII regognition of prior learning. CURRENT III MODULE MDI-01 Insurance and Business Law MDI-02 Insurance Business Environment MDI-03 Strategic Marketing in Insurance MDI-04 Motor Insurance MDI-05 Liability Insurance MDI-06 Commercial Property and Interruption Insurance MDI-07 Advanced Claims Management MDI-08 Advanced Underwriting Management MDI-09 Advanced Risk Management PREVIOUS III MODULE IP05 Insurance Law No previous module No previous module 766 Motor Insurance 756 Liability Insurance No previous module 821 Claims Management No previous module No previous module CII Syllabi The table on the next page shows all CII Certificate, Diploma and Advanced Diploma level modules that are available to sit in Please see for further information. 10 CII Advanced Diploma in Insurance (ACII)
11 CII Certificate. Diploma and Advanced Diploma level modules available to sit in 2015 ADVANCED DIPLOMA LEVEL 530 Economics and business 30 credits, 150 study hours Coursework assessment 930 Advanced insurance broking 30 credits, 150 study hours Last exam Apr 15 then coursework only 990 Insurance corporate management 150 study hours 993 Advances in strategic risk management in insurance 50 credits, 180 hours study DIPLOMA LEVEL P05/M05* Insurance law** Mixed assessment available April 15* P62 Life, critical illness and disability claims** 30 credits, 100 study hours P66 Delegated Authority** P81/M81* Insurance broking practice 20 credits, 100 study hours Mixed assessment available Apr 15 P90 Cargo and goods in transit insurances P93 Commercial property and business interruption P97 Reinsurance 30 credits, 100 study hours 590 Principles of Takaful 30 credits, 120 study hours 945 Marketing insurance products & services 30 credits, 150 study hours Coursework assessment available Apr London market insurance specialisation 50 credits, 180 study.hours 994 NEW Insurance market specialisation (available from Oct 2015) 50 credits, 180 study hours P21 Commercial insurance contract wording 20 credits, 100 study hours. P63 Long term insurance business P67 Fundamentals of risk management** P85/M85* Claims practice 20 credits, 100 study hours Mixed assessment available Apr 15 P91 Aviation and space insurance* 30 credits, 100 study hours P94 Motor insurance P98 Marine hull and associated liabilities** 30 credits, 100 study hours 820 Advanced claims 30 credits, 150 study hours Last exam Oct 15 then coursework only 960 Advanced underwriting 30 credits, 150 study hours. Last Exam Oct 15 then coursework only 992 Risk management in insurance 30 credits, 150 study hours P61 Life, critical illness and disability underwriting** 30 credits, 100 study hours P64 Private medical insurance practice P80/M80* Underwriting practice 20 credits, 100 study hours Mixed assessment available Apr 15* P86 Personal insurances 20 credits, 100 study hours P92/M92** Insurance business and finance* Last exam Oct 15 then mixed assement only* P96 Liability insurances. This table continues on next page... * M92 is a mixed assessment (coursework and online exam) unit that is being piloted. Subject to the success of the pilot, units M05, M80, M81 and M85 will be available from April The roll-out plan will see all Diploma in Insurance units offering mixed assessment by ** This unit is treated as equivalent to a current or withdrawn CII unit. Please refer to for more information. 11
12 ...table continued from previous page. CII Certificate. Diploma and Advanced Diploma level modules available to sit in 2015 CERTIFICATE LEVEL IF1 Insurance, legal and regulatory** 15 credits, 50 study hours IF4 Insurance claims handling process 15 credits, 50 study hours. IF7 Healthcare insurance products** 15 credits, 50 study hours IF10 NEW Insurance Broking Fundamentals. 15 credits, 50 study hours Available Apr 15, exam Sept 15. IF2 General insurance business** 15 credits, 50 study hours IF5 Motor insurance products 15 credits, 50 study hours. IF8 Packaged commercial insurances 15 credits, 50 study hours. LM1 London market insurance essentials 10 credits, 40 study hours. IF3 Insurance underwriting process 15 credits, 50 study hours. IF6 Household insurance products 15 credits, 50 study hours. IF9 Customer service in insurance 15 credits, 50 study hours. LM2 London market insurance principles and practices 15 credits, 60 study hours Exam Sittings and Exam Centres Please note that all CII exam sittings are administered by the CII. CII exams will take place in April and October. Details of exam centres are available at Applications for these should be made directly to the CII. III exams that are accredited by the CII are available in May, September and November and applications for these should be made directly to the III. Sittings for III modules MDI-01, MDI- 02, MDI-03, MDI -04, MDI-05, MDI- 06, MDI-07, MDI-08 and MDI-09 are available in May and November. Sittings for III module 561 are available in May and September in III centres nationwide, subject to demand. Information on the Management Diploma in Insurance (MDI) and its modules can be found at Further details on III module 561 can be found at Credits Please note that CII credits for passes in III modules are not automatically added to CII records. Therefore, if you wish to register your III or academic examinations/qualifications with the CII you will need to apply directly to the CII. A maximum of 210 CII credits from III exams can be awarded to a student. It is therefore important that members contact the CII to review their credit total before registering for any exams. The CII charge a fee to claim recognition of prior learning credits. Full details are available at www. cii.co.uk/prior-learning. However as noted on page 6 a reduced Recognition of Prior Learning fee for III/CII members of 1 is applicable per credit for MDI modules. Entry Standards There are no entry requirements for this qualification. However, the CII do recommend minimum qualifications for entrants. Further details can be found at 12 ** This unit is treated as equivalent to a current or withdrawn CII unit. Please refer to for more information.
13 Exam Structure and Marking Scheme for III and CII exams III Exams For III exam formats, please refer to CII Exams For CII exam details please refer to Fees and application process III Modules Fees, with the exception of module 561, are 545 for exam entry and textbook. A fee of 395 applies for repeat exams for all MDI modules. Fees for module 561 are 295 for exam entry and textbook and 145 for repeat exams. Prospective applicants can now apply online for membership and examinations at Member Services are available on or to address any queries. III Exam Supports for MDI modules Master the material Get to grips with the subject matter by attending lectures with leading experts across a 20 week term. Face to face lectures with subject matter experts Note taking guide to help make the most of tuition Copy of lecturer s powerpoint slides Key points per chapter for all modules Webinars for all modules Flexible learning Study on the move when it suits with additional online supports available through iiiconnect. Virtual classes Textbooks in e-books form for all modules in formats compatible with e-readers including Kindle, Nook and Kobo. Webinars (recorded lectures) for all modules. Prepare through practice Review past papers with examiner s notes on how best to answer Submit assignments for marking to gauge progress during the term Perfect exam technique through tutorials available online and face to face CII Modules Students must apply directly to the CII either via where information on exam supports, a full list of fees as well as application forms are available, or by contacting the CII customer service team at Next Step Insurance Professionals who have been awarded the Advanced Diploma in Insurance may wish to consider further enhancing their professional credentials: CII Fellowship (carrying the designation FCII for CII members) Important Upon completion of the Advanced Diploma, CII members are entitled to use the designation ACII (CII Continuing Professional Development requirements apply). III members who wish to use the ACII designation must hold membership of the Chartered Insurance Institute (CII). To avail of the III CPD provision and compliance recording services, these members can apply for dual membership of the III and CII. CII members at ACII level can also apply to the CII for Chartered status (subject to having five years experience, not necessarily postqualification). Three Chartered titles are available: Chartered Insurer Chartered Insurance Practitioner Chartered Insurance Broker CII Advanced Diploma in Insurance (ACII) 13
14 6. FELLOWSHIP (FCII) THE STRUCTURE OF THE FELLOWSHIP PROGRAMME IS CURRENTLY UNDER REVIEW AND MAY BE SUBJECT TO CHANGE. FOR THE LATEST INFORMATION, PLEASE REVIEW THE CII WEBSITE BEFORE BEGINNING THE PROGRAMME. An international recognition of professional excellence for those working in the insurance industry, the Fellowship programme, extends beyond the premium achievement of the Advanced Diploma in Insurance to demonstrate the highest level of knowledge, experience and professionalism. Upon completion CII members are entitled to use the designation FCII (CII Continuing Professional Development requirements apply). Within the Fellowship programme, there is a need to undertake a major achievement. As you can see below, there are a number of different options for meeting this requirement. The option chosen must be relevant to the work done in the context of insurance operations. Only current Associate members of the CII can enrol on the Fellowship Programme. Steps to Fellowship Enrol and complete the Fellowship plan. Provide evidence of three years CPD. Complete the business ethics programme. 14 Fellowship (FCII) Show evidence of a major achievement. Option 1: attain another professional or managerial qualification. Option 2: write a 3-5,000 word dissertation on an insurance related subject. Option 3: produce a 3-5,000 word report on a major project you led or of which you have been a key member of the project team. Option 4: submit a portfolio of published works. Write a statement of personal development. Apply for election. Option 1 Any professional or managerial qualification undertaken as part of this option is judged against the following criteria: It must be gained post Advanced Diploma in Insurance It must be obtained by independent / external assessment by the awarding body with a minimum of four assessments or their equivalent at Advanced Diploma subject level It must usually be awarded after a) a minimum of two year s part-time study or b) one year s full-time study Where achievement of the additional qualification is partially dependent on credits awarded for prior learning, assessments equivalent to at least 120 Advanced Diploma credits must be undertaken. The subject matter of the qualification must be relevant to your occupation in the insurance sector. It must be a complete qualification which meets the criteria in its own right.
15 Fellowship Advisory Service (FAS) During your progression to Fellowship you may need help or advice. You may be fortunate in having the services of a mentor from your employer to call on, or your local institute may offer help. Use these as your first port of call. You should feel free to approach others to get useful additional input. For instance, it can be helpful to discuss your plans with your employer or you might wish to approach colleagues who have passed other qualifications in which you are interested. The FAS gives information about the Fellowship programme offering a wide range of help and advice. If there is anything you do not understand, please contact the FAS at the earliest opportunity, this may prevent you from running into problems later. In particular, if choosing Option 1 to evidence a major achievement, it is advisable to have a qualification assessed by the FAS before you start studying towards it. Contacts for the Fellowship Advisory Service CII, High Road, South Woodford, London E18 2JP T +44 (0) E Key Contacts & References for CII Examinations Information Important details on registering for CII exams, study supports and exam policies are available using the links below: To register for exams and purchase study materials, For details on closing dates, exam timetables and result release dates, For details on CII exams and study supports: For full information on CII exam policies: For full information on recognition of prior learning: To request a CII learning statement: To access exam results: Available from 08:00 on the release date. CII Permanent Identity Number (PIN ) and CII website password required III Exam Timetable Information on the Management Diploma in Insurance (MDI) and its modules can be found at Further details on III module 561 can be found at For queries regarding CII exams, study materials, recognition of prior learning, or other queries, please contact the CII using the contact details below: CII Contact Details CII, High Road, South Woodford, London, E18 2JP T +44 (0) F +44 (0) E Fellowship (FCII) 15
16 5 Harbourmaster Place IFSC Dublin