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Home » Qualifications » Certificate in London Market Insurance Specialisation
 

Developing specialist London market knowledge

Please note: We are not currently taking enrolments for this unit, as we have reached current capacity. Entry onto the London market dissertation is limited to approximately 20 candidates per year. This is because of the amount of work involved in assessing and accepting proposals and in marking and moderating completed dissertations, all of which are undertaken by experienced London market practitioners.

Enrolments will reopen when capacity becomes available. Register your interest via our online form to be contacted when enrolments reopen. Candidates that have registered will be contacted on a first come first served basis.

 

Developed in partnership with the Lloyd's Market Association (LMA), this is an advanced level qualification, specifically designed for those working in the London market.

The Certificate is achieved by passing one unit - (991) London market insurance specialisation - which is assessed by dissertation.

Candidates submit a 10,000-11,000 word dissertation, on a topic of their choosing that is relevant to the London market, with 18 months to complete this from the time of enrolment.

The Certificate in London Market Insurance Specialisation will allow you to:

  • create learning matched precisely to your job role, responsibilities and aspirations
  • develop your knowledge of issues particularly relevant to London market practitioners
  • gain real understanding of a key chosen topic through in-depth research and analysis, with potential to add business benefits for your employer
  • indicate to your employer, clients and peer group your commitment to professional development, helping you achieve your career ambitions.

Upon completion you will also be awarded 50 Advanced Diploma level credits which can be used to count towards completion of other CII insurance qualifications, such as the Diploma and Advanced Diploma in Insurance. The credits awarded are placed at level 7 in the Qualifications and Credit Framework (QCF).

Full details on what the dissertation involves and more about the QCF can be found in the 'This qualification in detail' links on the right.

Please be aware that entry onto the London market dissertation will be limited to approximately 20 candidates per year. This is because of the amount of work involved in assessing and accepting proposals and in marking and moderating completed dissertations, all of which will be undertaken by educational experts and experienced London market practitioners. Entry will be accepted on a first-come, first-served basis.

Find out more about the LMA »

Introduction

« Back to Introduction

CII qualifications require completion of one or more units, each covering a specific topic that is individually assessed. Assessment methods vary depending on the level and subject matter of a unit, and include:

  • Multiple choice examinations - the assessment method for Certificate, Award and financial services 'R0' Diploma units assessed in the UK.  Exams are delivered on-screen at a network of over 80 public centres across the UK. Sittings are available year-round, often on a weekly basis.
  • Written examinations - the assessment method for Diploma and Advanced Diploma units, excluding financial services 'R0' Diploma units, and also all units examined outside the UK. Sittings are typically available twice yearly in April and October at over 50 public centres throughout the UK and over 100 public centres outside the UK.

What you need to know

It is essential that candidates familiarise themselves with our service, in particular the rules and procedures that are in place. This should include both exam policies (before the assessment) and notes to results (after the assessment).

Things you need to know before the exam

Things you need to know after the exam

How you are tested

Dissertation

(991) London market insurance specialisation is assessed by completion of a 10,000-11,000 word dissertation.

Before submitting the final dissertation, you will submit a proposal document, which will include: an outline of your proposed topic, the aims and objectives, and your research and project plans.

Once your proposal has been approved, you will proceed to completion and submission of the final dissertation.
Both the proposal and dissertation are assessed by a panel of London market and subject matter experts, with marks allocated for the following areas:

  • Knowledge and understanding
  • Application and analysis
  • Coherent structure
  • Evidence of the use of relevant examples and/or further reading to support answer

 

QCF level 7

Ofqual QCF level 7

The Certificate in London Market Insurance Specialisation provides level 7 credits in the Ofqual Qualifications and Credit Framework (QCF).

The CII is seeking to have all its insurance qualifications on the QCF, thereby allowing employers and candidates to benchmark their learning against industry standards and potentially use CII qualifications towards completion of other non-CII qualifications. 

The word 'level' indicates the degree of difficulty.

Candidates at level 7 must be able to reformulate and use relevant understanding, methodologies and approaches to address problematic situations that involve many interacting factors. It includes taking responsibility for planning and developing courses of action that initiate or underpin substantial change or development, as well as exercising broad autonomy and judgement. It also reflects an understanding of relevant theoretical and methodological perspectives, and how they affect their area of study or work.

As a guide to the level of difficulty this indicates, a Master's degree is also at level 7 on the QCF.

Colin Gilchrist prize

The Colin Gilchrist Memorial prize

A cash prize of £1,000 will be awarded annually to the candidate who has achieved the highest percentage mark of the Level 7 Certificate in London Market Insurance Specialisation. This will be awarded each year from 2012-2016.

This prize is awarded jointly by the CII and Marsh Marine Practice in memory of Colin Gilchrist. Colin was a Fellow of the CII. He worked for Marsh Marine for 30 years and was the Chairman of the Marine Insurance Education Council (MIEC) and a member of the Reinsurance Training & Educational Council (RITEC).

Recognition of prior learning

Although recognition of prior learning is available to count towards many CII qualification units, recognition of prior learning to count towards the Certificate in London Market Insurance Specialisation, or its unit (991) London market insurance specialisation, is not available.

Due to the highly individualised nature of the dissertation, it is not practical to establish a match with a dissertation you may have completed as part of another qualification - therefore applications to award (991)  London market insurance specialisation through recognition of prior learning cannot be accepted.

Read the full guidance on the rules and requirements and application process for recognition of prior learning»

(991) London market insurance specialisation syllabus

Although the dissertation involves selection of your own topic and dissertation question, there are still prescribed learning outcomes, as set out in the unit syllabus.

The syllabus is, therefore, an important aid to assessment preparation and it is essential that you familiarise yourself with this before commencing study.

Download (991) London market insurance specialisation syllabus

991
London market insurance specialisation
 

Assessment information

It is important that candidates entering for a CII assessment familiarise themselves with our service, in particular the rules and procedures that are in place.

Find out more »

Syllabuses

London market insurance specialisation

Objective

To develop in the candidate the ability to conduct rigorous insurance or reinsurance related research that contributes to the body of London Market Industry knowledge

Summary of learning outcomes

1. Formulate a research question or problem in an area of interest that would be relevant to the London Insurance Market

2. Apply appropriate research methodology

3. Draft a research proposal

4. Conduct research for the dissertation

5. Write the dissertation

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