New - 2013 info
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Contract certainty continues to be one of the
major issues facing the insurance industry, especially within
Lloyd's and the London Market.
Great strides have been made since the FSA first highlighted the
subject in 2004, stating its dissatisfaction with the 'deal now,
detail later' approach. Brokers and insurers have done much to
ensure they provide clear, comprehensive and fully-agreed policy
wordings before inception.
That said, there is no room for complacency. The regulator
remains keenly interested in the efficient running of the insurance
market, and individuals and organisations must continue to be
vigilant as they strive to treat their customers fairly. To help
meet this ongoing challenge, the CII has developed the Certificate
in Contract Wording. This enhances knowledge of the practical
application of wordings and the issues associated with them.
The Certificate in Contract Wording develops your knowledge of
the key subjects underpinning contract certainty. To acquire
the Certificate, you must study and pass two units from the Diploma
- Insurance law
- P21 -
Commercial insurance contract wording.
Upon completion, you will be awarded the Certificate in Contract