The complete package
What is the Insurance Broking Faculty?
Over 100,000 people are employed in the insurance broking market which covers everything from insuring your house or car through to travel, commercial and even covering a mobile phone. This is why The Chartered Insurance Institute (CII) has formed the Faculty of Insurance Broking to support the needs of people like you and the organisations that you work for.
It is a market forum managed by experts in the broking market combined with the direction and support from the CII. It is for everyone who works in the market no matter what their level of experience.
It aims to promote efficiency and improvement in the practice among persons engaged in the market. It will encourage progression to qualified status and provide information, events, seminars and guidance on maintaining competence and good practice.
How will the Faculty support firms?
It will do this by:
- Establishing a code of ethics and conduct for the insurance broking community.
- Determine standards of training and competence regimes for firms and provide guidance on solutions, here appropriate.
- Facilitate learning and continuous development programmes for practitioners and support the enhancement of competency of insurance broking.
- Delivering qualification and certification modules specific to the insurance broking market to support the professional development of employees.
- Provide a wide range of services including Broker ASSESS – an online training and competency tool; toolkits; and consultancy support to assist firms in meeting regulatory learning, training and competence requirements.
How does being a member help you?
As an individual member of the Faculty you will gain access to a wide variety of information and services that can help support you in your role as a broking professional. In practical terms, the Faculty will achieve this by:
- Defining standards of conduct that reflect good practice.
- Promoting to the public at large the benefits of high quality insurance advice and in particular the benefits of purchasing such advice from someone who is a member of the leading professional body.
- Acting as the centre of technical excellence and good practice that can be accessed by members, commentators, regulators and policy makers.
- Acting collectively with stakeholders, such as trade bodies in making relevant and timely comment on policy discussions.
- Providing an extensive range of examination subjects that will help demonstrate your knowledge, understanding and application of broking. Examples of some available units are:
- Insurance broking
- Risk, capital and regulation
- Insurance practice and regulation
- Motor insurance
- The application of reinsurance
- Insurance broking
- Risk management
- Commercial property and pecuniary insurance underwriting
- Liability insurance
- Personal insurance
- Insurance and the single European market
- Marine and aviation insurance
- Supporting those who are following a career in insurance broking and encouraging members to progress toward and obtain the status of Chartered Insurance Broker
- Provision of a programme of training and learning support that is relevant to members’ needs and reflects good market practice, is of a high standard of technical accuracy and which reflects the FSA’s requirements.
More details on the range of benefits membership of the CII brings.
