The Chartered Insurance Institute (CII) is a professional body for the insurance and financial planning professions. It promotes higher standards of integrity, technical competence and business capability. With 125,000 members in 150 countries, the CII is one of the world’s largest professional bodies dedicated to these sectors. The CII membership covers all disciplines within the insurance industry (claims, broking, underwriting and sales), those working in the life and pensions sector, the mortgage advice market and financial advisers (under the Personal Finance Society brand).

This single-unit Award is ideal for those outside the UK and starting their careers in the insurance sector. It helps develop a basic understanding of insurance principles, procedures and products including the main legal principles related to insurance contracts, the main regulatory principles related to insurance business and key aspects of ethics, corporate governance and internal controls.

Who’s it for

• Anyone working in the insurance industry irrespective of age, educational background or experience.
• In a growing number of territories it meets the regulatory qualification requirements relevant to insurance practitioners. In other non-regulated environments it provides a development pathway where no local educational and professional provision is available.
• Insurance practitioners at the start of their career or seeking to build on existing knowledge through formal study.

The Award also supports ongoing professional development as, on passing the exam, you will hold one of the three Awards needed to complete the Certificate in Insurance and Financial Services. The Certificate offers a broad range of areas and is awarded upon completion of three Awards from the CII – Award in General Insurance, Award in Financial Planning, Award in Investment Planning.

Members are also entitled to use the designation CII (Award), subject to membership and Continuing Professional Development (CPD) requirements.

What candidates will learn

On completion of this Award, candidates should be able to demonstrate their knowledge and understanding in the following areas:

• basic principles of insurance
• main legal principles related to insurance contracts
• main regulatory principles related to insurance business
• key aspects of ethics, corporate governance and internal controls.

Mr. Miltiades Miltiadou is an independent Insurance and Risk Management Consultant. He worked in the insurance sector since 1999 and was the General Manager of AIG (Cyprus Branch). He has authored several books on insurance and other subjects and is a visiting lecturer at several universities teaching Insurance Environment (insurance law and regulation), Liabilities Insurance, Motor Insurance, Management Skills, and Insurance Contract Wordings. He holds a Law degree from Athens University, a post grad diploma from University of Amsterdam and is a Humphrey Fellow in Public Administration at the University of Washington.