ADVANCED DIPLOMA FELLOWSHIP CII QUALIFICATIONS 2014
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 2 www.iii.ie
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. 2. CII MEMBERSHIP AND PROFESSIONAL DESIGNATIONS 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 110,000 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. 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. 4 Introduction CII Membership and Professional Designations 5
3. RECOGNITION OF PRIOR LEARNING 4. CONTINUING PROFESSIONAL DEVELOPMENT 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 www.cii.co.uk/prior-learning Members with queries regarding their application should contact the CII directly on +44 20 8989 8464 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 2014 at 3 per credit for CII members and 5 per credit for non-members. Full details are available at www.cii.co.uk/prior-learning 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 www.cii.co.uk/learningstatement. 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 www.cii.co.uk/cpd. 6 Recognition of Prior Learning Continuing Professional Development 7
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 APPLICATION SKILLS. Alternatives to P05 & P92 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 CII Recognition of Prior Learning Award MDI-01 Insurance and Business Law CII unit P05 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. Recognition of Prior Learning (RPL) Credits awarded by recognition of prior learning can be used in reaching the number of credits required. Please see www.cii.co.uk/prior-learning 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 www.cii.co.uk/ learningstatement or from CII customer service at customer.serv@cii.co.uk Core Compulsory Units P05 Insurance law (with reference to UK law and practice) and P92 Insurance business and finance (with reference to UK law and practice) or 530 Economics and business (with reference to UK law and practice) MDI-02 Insurance Business Environment 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 MDI-07 Advanced Claims Management CII unit 820 MDI-08 Advanced Underwriting Management MDI-09 Advanced Risk Management 25 non-unit specific credits at Diploma in insurance level Awaiting accreditation confirmation Awaiting accreditation confirmation 561 Life Assurance and Pensions 30 non-unit specific credits at Administration Diploma in Insurance level * Subject to confirmation from CII 8 CII Advanced Diploma in Insurance (ACII) CII Advanced Diploma in Insurance (ACII) 9
CII Certificate. Diploma and Advanced Diploma level modules available to sit in 2014 ADVANCED DIPLOMA LEVEL 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. 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. 530 Economics and business 820 Advanced claims 590 Principles of Takaful 930 Advanced insurance broking 655 Risk management (last exam Apr 2014) 945 Marketing insurance products & services 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 Please refer to the table below for further information. 960 Advanced underwriting 990 Insurance corporate management 991 London market insurance specialisation 50 credits 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. 992 NEW Risk management in insurance (available from Feb 2014) 993 NEW Advances in strategic risk management in insurance (available from May 2014) 50 credits CURRENT III MODULE MDI-01 Insurance and Business Law MDI-02 Insurance Business Environment PREVIOUS III MODULE IP05 Insurance Law DIPLOMA LEVEL P05 Insurance law P21 Commercial insurance contract wording P61 Life, critical illness and disability underwriting MDI-03 Strategic Marketing in Insurance MDI-04 Motor Insurance 766 Motor Insurance P62 Life, critical illness and disability claims P63 Long term insurance business P64 Private medical insurance practice MDI-05 Liability Insurance MDI-06 Commercial Property and Interruption Insurance 756 Liability Insurance P66 NEW Delegated Authority (first exam April 2014) P67 NEW Fundamentals of risk management (first exam Oct 2014) P80 Underwriting practice MDI-07 Advanced Claims Management MDI-08 Advanced Underwriting Management 821 Claims Management P81 Insurance broking practice P85 Claims practice P86 Personal insurances MDI-09 Advanced Risk Management CII Syllabi The table on the next page shows all CII Certificate, Diploma and Advanced Diploma level modules that are available to sit in 2014. Please see www.cii.co.uk/qualifications for further information. P90 Cargo and goods in transit insurances P93 Commercial property and business interruption P97 Reinsurance P91 Aviation and space insurance P94 Motor insurance P98 Marine hull and associated liabilities P92/M92* Insurance business and finance P96 Liability insurances This table continues on next page... 10 CII Advanced Diploma in Insurance (ACII) * For 2014, the CII are piloting an alternative assessment method for unit P92. Covering the same topics, M92 uses coursework mixed with assessment by multiple choice question exam. See www.cii.co.uk/qualifications for more information. 11
...table continued from previous page. CII Certificate. Diploma and Advanced Diploma level modules available to sit in 2014 CERTIFICATE LEVEL IF1 Insurance, legal and regulatory IF4 Insurance claims handling process IF7 Healthcare insurance products IF2 General insurance business IF5 Motor insurance products IF8 Packaged commercial insurances IF3 Insurance underwriting process IF6 Household insurance products IF9 Customer service in insurance Exam Structure and Marking Scheme for III and CII exams III Exams For III exam formats, please refer to www.iii.ie/exams CII Exams For CII exam details please refer to www.cii.co.uk/qualifications 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. 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 compulsory modules. Prepare through practice Review past papers with examiner s notes on how best to answer Take sample papers online under exam conditions Submit assignments for marking to gauge progress during the term 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 LM1 London market insurance essentials 10 credits 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 www.cii.co.uk/qualifications. 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 and MDI-08 are available in May and November. The first sitting of MDI-09 will be held in November 2014. LM2 London market insurance principles and practices 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 www.iii.ie/mdi Further details on III module 561 can be found at www.iii.ie/qualifications/life. 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 www.cii.co.uk/qualifications 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 www.iii.ie. Student Services are available on 01 645 6680 or studentservices@iii.ie 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 Flexible learning Study on the move when it suits with additional online supports available through iiiconnect. Perfect exam technique through tutorials available online and face to face CII Modules Students must apply directly to the CII either via www.cii.co.uk/qualifications 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 +44 20 89 898 464. 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 12 CII Advanced Diploma in Insurance (ACII) CII Advanced Diploma in Insurance (ACII) 13
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 WWW.CII. CO.UK 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. 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. 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, 42-48 High Road, South Woodford, London E18 2JP T +44 (0)20 8530 0818 E societies.fas@cii.co.uk 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: www.cii.co.uk/qualifications For full information on CII exam policies: www.cii.co.uk/qualifications www.cii.co.uk/exampolicies www.cii.co.uk/tandc For full information on recognition of prior learning: www.cii.co.uk/prior-learning To request a CII learning statement: www.cii.co.uk/learningstatement To access exam results: Available from 08:00 on the release date. CII Permanent Identity Number (PIN ) and CII website password required www.cii.co.uk/results III Exam Timetable www.iii.ie/exams/ Information on the Management Diploma in Insurance (MDI) and its modules can be found at www.iii.ie/mdi Further details on III module 561 can be found at www.iii.ie/qualifications/life 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, 42-48 High Road, South Woodford, London, E18 2JP T +44 (0)20 8989 8464 F +44 (0)20 8530 3052 E customer.serv@cii.co.uk www.cii.co.uk It must be a complete qualification which meets the criteria in its own right. 14 Fellowship (FCII) Fellowship (FCII) 15
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