The Chartered Insurance Institute

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1 Professionalism in the insurance & financial services markets The Chartered Insurance Institute

2 Introducing the CII Protecting the public by guiding the profession Leadership - World s largest professional body for Financial Services Professionalism raising standards of knowledge and behaviour under Royal Charter Expertise Vast range of qualifications, learning aids and materials (for exams and CPD) Heritage Origins traced back to 1870s Membership 112 k members including Slide 2

3 CII : today Overview Members in 150 countries Offices in London, India, Middle East, AsiaPac Indian presence Permanent office established in 2007 Based in Mumbai Extensive relationships throughout the profession Recent projects with Insurance companies and Education partners Asked to assist IRDA on life agent qualification during 2010 Slide 3

4 The Professional Body Revenue ( m) Operational Surplus ( m) Slide 4

5 Why CII? Key facts Only Institute in the world that offers qualifications up to the Chartered level (in Insurance and Financial Services) Presence and recognition in 150 countries. 112K members and 25K Chartered title awarded Largest examination and qualification awarding body (one million students took CII qualifications in the last decade) CII works with employers, regulators and education partners worldwide to develop solutions that ensure competitive advantage CII qualifications are very well recognised (at the regulatory level) in many countries including the UK, India, middle east, far east, Sri Lanka, Bangladesh, Africa. Slide 5

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7 Certificate in Insurance The Certificate in Insurance is a core qualification for insurance staff working across all segments of the General Insurance industry Three units are required to be passed Exam format Multiple choice questions (MCQs) Record of achievement issued on passing each unit. On becoming CII member, successful candidates can use the designation Cert CII From this the candidates can then progress to the Diploma / Advanced Diploma in Insurance Slide 7

8 Certificate in Insurance & Financial Services (dual specialisation) This is a new qualification especially launched for students outside the UK working in financial advice and or Insurance or aspiring to work in both. It offers a solid grounding across broad range of areas. 3 units required from the following 5 options Exam format Multiple choice questions (MCQs) Record of achievement issued on passing each unit. On becoming CII member, successful candidates can use the designation Cert CII Slide 8

9 The Award in Financial Planning India (AWI) Course Content: Financial Planning Needs Fact-Finding Process Good Adviser Practice Protection Products * Savings and Investment Products Pension Products * This section includes main features of personal taxation in India Slide 9

10 Award in Financial Planning India (AWI) - Exam requirements: Minimum study time Details Criteria hours Number of CII credits 10 Training deliver Type of examination Type of questions Time to complete the exam Pass mark Designation available to members on passing FPA trainers Paper based 50 Multiple choice questions 1 hour 70% (at least 35 correct answers) CII (Award) Slide 10

11 Why CII Qualifications? benefits for an individual Develops core knowledge and capability Career advantage Demonstrates expertise and commitment. differentiates the individual Keeps abreast of technical and market developments Life long learning Universally recognized market designations Slide 11

12 Why CII Qualifications? benefits for Company Skilled and professional staff needed to perform roles effectively and efficiently Supports consumer and regulator confidence Improved customer experience Aids retention and reduces attrition Supports career development leading to overall growth Slide 12

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