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Enhancing technical knowledge and understanding

The Diploma in Insurance is a technical and supervisory qualification for insurance staff working across all sectors of the industry (and the logical progression from the Certificate in Insurance). It will provide you with a firm grounding in insurance fundamentals and will enable you to build towards advanced technical knowledge, thereby ensuring you have the means to function effectively in a challenging environment.

In addition to being a valuable qualification in its own right, the Diploma can also be a milestone on the route to completion of the Advanced Diploma. In completing the Diploma you will have to gain a minimum of 90 credits at Diploma level or above and 120 credits in total. These can count towards the Advanced Diploma (for which 290 are required in total).

Upon completion CII members are entitled to use the designation 'Dip CII'® (CII Continuing Professional Development requirements apply).

Note: the sector specific designation 'Dip CII (Claims)' is available to members completing the Diploma that have passed (820) Advanced claims or (P85) Claims practice. Claims Faculty membership requirements also apply.

The Diploma in Insurance is appropriate for:

  • Insurance technicians and those who aspire to be technicians.
  • Supervisors, team leaders and those with long-term ambitions of assuming managerial responsibilities.
  • Anyone wishing to hold a recognised, respected insurance qualification.
  • Insurance staff employed in support functions wishing to develop their knowledge of the business.
  • Those wanting to develop their knowledge and understanding as part of a progression towards completion of the Advanced Diploma in Insurance and Chartered status.

Flexible and comprehensive

As a Diploma candidate, you can select units from across the CII qualifications framework. This means you have access to the entire range of units currently available. They offer something for everyone, whatever sector of the insurance industry you work in and whatever your particular specialisation or preferred career path. These range from the fundamentals of insurance practice and legislation through to personal lines product families, classes of commercial insurance and specialisms such as risk management and marine. This qualification is modular in structure, enabling you to select units of study according to your preference and career requirements

Each unit has a credit value and the accumulation of the stipulated number of credits leads to the award of the Diploma. Successful completion allows CII members to use the designations 'Dip CII'® (Continuing Professional Development requirements apply).

Meeting market expectations

Importantly, both of these qualifications have been designed to assist you and your employer to comply with both the existing and future regulatory training and competence requirements. The UK regulator (FCA), and increasingly regulators worldwide, require you to demonstrate that you are competent in the work you do, and thereafter to maintain this competence. This approach is designed to ensure that you have the appropriate knowledge and skills to perform your job effectively. Qualifications can play an important role in helping to meet the requirements by serving as an objective measurement of your technical awareness and understanding.

Office of Qualifications and Examinations Regulation (Ofqual)

The Diploma in Insurance is registered with Ofqual at level 4. As a guide to the level of difficulty, this is equivalent to the first year of a degree course.

Ofqual is the regulator of qualifications, exams and tests in England. They are also the regulators for recognised awarding bodies (such as the CII). For further information please visit: www.ofqual.gov.uk

Why the Diploma in Insurance?

This qualification can help your career in the following ways:

  • Demonstrate to your employer, peers and customers your commitment to personal learning and development.
  • Can form part of an overall programme to meet the regulator's training and competence requirements.
  • Supports lifelong learning as prior study is recognised as you progress through the qualifications framework, taking accumulated credits with you.
  • Supports personalised learning programmes as you select the topics most appropriate to your role, rather than follow a rigid pre-set learning pathway.
  • Diploma in Insurance awarded upon completion.
  • Upon completion of this qualification CII members can use the designation 'Dip CII'®, demonstrating professional standing (Continuing Professional Development requirements apply).

Your next step

The information shown under 'This qualification in more detail' to the right of this page details everything you need to know to finalise your entry for the Diploma.

Introduction

CII qualifications involve the completion of one or more units, each covering an individually assessed topic. Assessment methods vary and depend on a unit's level and subject matter.


Assessment methods include:

  • Multiple-choice exams - the assessment method for Award, Certificate, and Diploma in Regulated Financial Planning units R01-R05 assessed in the UK. Exams are delivered on-screen at a network of over 40 public centres across the UK. Sittings are available year-round, often on a weekly basis.
  • Written exams - the assessment method for some Diploma and Advanced Diploma units and 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 120 public centres outside the UK.
  • Coursework assessment - available for a select number of Advanced Diploma in Insurance units, Advanced Diploma in Financial Planning unit (AF6) Senior management and supervision and financial services unit (J09) Paraplanning, coursework assessment involves the completion of three written assignments during a 12 month period.
  • Mixed assessment - available for a number of Diploma in Insurance units and all Diploma in Insurance units by April 2018 (unit codes begin with the letter M). This involves the successful completion of both a coursework assignment and a multiple-choice exam. This has an 18 month enrolment period.
  • Dissertation assessment - available for the Advanced Diploma unit (991) London market insurance specialisation and being introduced in October 2016 for (994) Insurance market specialisation. This involves the submission of a dissertation proposal and an 11,000 word dissertation. This has an 18 month enrolment period. This unit should only be taken by those who have access to the necessary information and people in the London Market.

Find out more

It is essential that candidates familiarise themselves with the guidelines and instructions which are shown on the CII website under the relevant units. In addition candidates should familiarise themselves with the coursework and dissertation policies as well as exam policies (before the assessment) and notes to results (after the assessment).

Continuous assessment (CA)

Continuous assessment is a tutor-assisted learning scheme available for general insurance subjects assessed by written examination. As well as a study text, the course includes the facility to complete a series of assignments, for which you will receive a mark and feedback from an expert tutor.

Successful completion of the course results in students having a fixed increase of 10% of the total marks available on the exam paper applied to their exam result.

The courses are designed to be as user-friendly as possible and there are a number of facilities available to you including:

  • Assignment marking and correction;
  • Course material updates;
  • Enquiry service.

The exact format of the course varies in number of assignments and choice of those you complete. The student guidelines below outline the makeup of the course depending on the exam unit being studied for:

CII exam units 530, 945

  • Three assignments - candidates must complete and pass all three to complete the course and receive the 10% adjustment
  • To pass, each assignment must receive a grade C or above
  • One resubmission is allowed per assignment
  • Assignments are accessed and submitted online through the CII's RevisionMate study tool.

CII exam units P61, P62, P63, P64

  • Three assignments - candidates must complete and pass all three to complete the course and receive the 10% adjustment
  • To pass, each assignment must receive a grade B or above
  • One resubmission is allowed per assignment
  • Assignments are accessed and submitted online through the CII's RevisionMate study tool

CII exam units P21, P80, P81, P85, P86

  • Five assignments - candidates must complete and pass all five to complete the course and receive the 10% adjustment
  • To pass, each assignment must receive a grade B or above
  • One resubmission is allowed per assignment
  • Assignments are accessed and submitted online through the CII's RevisionMate study tool

Exam units P05, P90, P91, P93, P94, P96, P97, P98

  • Seven assignments - candidates must complete and pass all seven to complete the course and receive the 10% adjustment
  • To pass, each assignment must receive a grade B or above
  • One resubmission is allowed per assignment
  • Assignments are accessed and submitted online through the CII's RevisionMate study tool

Booking a course online

  • Find  the exam unit for which you wish to enroll within the Qualifications section
  • Select your exam unit
  • Select the Continuous Assessment within the study options section and add to your basket 
  • Proceed to the checkout (login to your CII online account if you haven't already done so).

View continuous assessment submission deadlines »

View continuous assessment policies »

Key facts

The following charts show the compulsory units required to complete the Diploma:

Level of qualification Technical
CII credits required to complete (existing credits carried forward) 1201
Minimum 90 achieved at Diploma level
CII credits per unit 20, 25 or 30
Dependent on unit chosen
Number of available units 20 Diploma units
Plus access to FIT, Certificate and Advanced Diploma units
Compulsory units 2 units:
  • (P92/M92) Insurance business and finance  (25 credits); or
  • (530) Economics and business (Advanced Diploma in Insurance unit) (30 credits); and
  • (P05/M05) Insurance law (25 credits)
Assessment format Exam or mixed assessment dependent on the unit chosen
  • Exams - 2 or 3 hours with essay style/case study questions and written short answers
  • Mixed assessment - one coursework assignment and one 1-1.5 hour online exam. Currently a pilot. Subject to the success of the pilot, this will be available on a permanent basis.
Average study time 100 hours per unit
Combination of units at any level allowed? Yes
Availability of exam sessions

Written exams - twice yearly
April/October

Mixed assessment
Multiple-choice question exams - availability varies from centre to centre, but typically can be sat weekly

Entry requirements? None
We do, however, recommend that candidates should hold the following:
  • Certificate in Insurance; or
  • 5 GCSEs grade C or equivalent.
Credits available for prior learning? Yes
Record of Achievement issued for each exam pass? Yes
Completion Certificate/ Diploma awarded? Yes Diploma in Insurance
Designation
  • Dip CII
  • Dip CII (Claims)
CII members are entitled to use on completion2

Ofqual Regulated Qualification Framework (RQF) Level

Note: funding may be available for approved examinations.

Level 4

 

Notes:

  1. A maximum of 90 credits obtained from financial planning qualifications (CII or comparable awarded by another educational body) can count towards the Diploma.
  2. Continuing Professional Development and Code of Ethics requirements apply. 

Completion requirements

Entry requirements

There are no entry requirements in order to study for the Diploma. However, we would recommend that Diploma candidates hold the following qualifications or their equivalent:

  • Certificate in Insurance or 5 GCSEs grade C or equivalent.

Aside from the requirements set out below you are free to select units from across all the CII's insurance qualifications/study programmes: Award for the Foundation Insurance test, Certificate in Insurance, Diploma in Insurance and Advanced Diploma in Insurance.

This approach provides you with maximum flexibility, enabling you to choose units from those currently available across our qualifications. The advantage here is that someone still developing their study skills or subject to a particularly demanding work schedule can initiate or continue their studies by taking a larger number of lower level units.

Completion requirements

To achieve the Diploma you must accumulate 120 credits, with at least 90 at Diploma level or above.

We would recommend that all Diploma entrants also sit unit (IF1) Insurance, legal and regulatory as this covers the workings of the market, including the legal and regulatory framework and the essentials of insurance practice.

The following tables show the compulsory units required to complete the Diploma

(P92/M92) Insurance business and finance 25 or (530) Economics and business (Advanced Diploma in Insurance unit) 30
(P05/M05) Insurance law 25 - - -
Units Credits     Units Credits

 

 

 

 

 

What does this qualification involve?

There is no prescribed order in which units must be taken, but it is strongly recommended that you sit the required compulsory units first since these provide foundation knowledge upon which the others build.

This flexible approach allows you to develop a course programme that suits your particular needs and requirements. You can tailor learning to your current role and/or develop areas which are new to you or where you need to gain in-depth knowledge.

Note: The notes below on 'Flexible learning options' detail the ability to use credits from CII financial planning units for insurance qualifications. Particularly relevant may be the Diploma in Financial Planning unit (J07) Supervision in a regulated environment which can be used towards completion of the Diploma. This covers key aspects of supervision, leadership and coaching, and provides 20 Diploma level credits on completion.

Diploma in Insurance units credits

(P21) Commercial insurance contract wording 20
(P80/M80) Underwriting practice 20
(P81/M81) Insurance broking practice 20
(P85/M85) Claims practice 20
(P86) Personal insurances 20
(P05/M05) Insurance law - Diploma/Advanced Diploma compulsory unit 25
(P63) Long term insurance business (first examination April 2013) 25
(P64) Private medical insurance practice (first examination April 2013) 25
(P90) Cargo and goods in transit insurances 25
(P92/M92) Insurance business and finance - Diploma/Advanced Diploma compulsory unit 25
(P93) Commercial property and business interruption 25
(P94) Motor insurance 25
(P96) Liability insurances 25
(P61) Life, critical illness and disability underwriting  30
(P62) Life, critical illness and disability claims  30
(P91) Aviation and space insurance 30
(P97) Reinsurance 30
(P98) Marine hull and associated liabilities 30
Units Credits


The mechanics of studying for Diploma units:

P92 3 hour exam comprising 20 compulsory short answer questions 55% 100 Apr/Oct
P05/P61/P62/P63/P64/P66/P67/P90/
P91/P93/P94/P96/P97/P98
3 hour exam comprising 14 compulsory short answer questions and two case study/essay questions 55% 100 Apr/Oct
P21
2 hour exam comprisng 8 compulsory short answer questions and two case study/essay questions 55% 100 Apr/Oct
P80/P81/P85/P86 2 hour exam comprising 15 short answer questions. 55% 100 Apr/Oct
M92 Coursework assignment with 10 compulsory short answer questions; and a 90 minute exam comprising 25 multiple-choice questions (MCQs) and 5 case studies each comprising 5 MCQs

Coursework - 60% (actual)

Exam - 65%

100 Year-round within the UK. April & October at international locations
M05, M80, M81, M85 Coursework assignment with 10 compulsory short answer questions; and a 60 minute exam comprising 50 multiple-choice questions (MCQs)

Coursework -60% (actual)

Exam - 65%

100 Year-round within the UK. April and October at international locations.
Units Assessment method Passmark* Study hours Exam sessions

*Except where noted, the nominal pass mark is shown. The final pass mark may vary slightly form one session to another to ensure that the pass standard remains constant. 

Note: The recommended minimum study hours are shown in the table above (this will vary according to your experience and ability). The nominal pass marks are also shown. However, the actual pass marks may vary slightly from one session to another to ensure that the pass standard remains constant.

You may sit as many exams as desired at a single sitting, although it is strongly recommended that no more than two Diploma or Advanced Diploma units per session are taken.

Flexible learning options

The overall CII insurance qualifications framework is extremely flexible, allowing you to select units from qualifications other than the one for which you are studying.

Therefore, if you are working towards the Diploma in Insurance you are able to select units from the entire insurance qualifications framework. If you sit or have sat CII financial planning exams (for example, the Financial Planning Certificate, Certificate in Financial Planning, Diploma in Financial Planning, Advanced Diploma in Financial Planning, Advanced Financial Planning Certificate, or comparable exams from other professional and educational bodies), you will also receive credits that can count towards completion of the insurance qualifications. 

Until 31 December 2016, a maximum of 60 financial services credits can be used towards the Diploma.

From 01 January 2017, the option to use financial services credits towards the Diploma will be withdrawn, except for the following units:

  • (JO7) Supervision in a regulated environment
  • (R05) Financial protection; and
  • (GR1) Group risk

Your past qualifications can count

If you hold a degree or a professional qualification in a relevant subject, for example accounting, business or law, you could receive credits that count towards completion of a CII qualification through our recognition of prior learning scheme.

Important note:  To be awarded a CII qualification, you must obtain a pass in a unit at the same level or the level above (by CII examination, dissertation or coursework assessment), from the qualification that you are looking to complete, and meet the qualification completion requirements. These rules apply irrespective of how many credits your existing qualifications might provide through recognition of prior learning.

Obtain your learning statement online

A CII personalised learning statement provides a record of the exams and resultant credits you hold which can be used towards completing CII qualifications. Importantly, your statement sets out what you personally need to do to complete a qualification you are, or may be considering working towards, such as the Diploma in Insurance.

Until 31 December 2016, a maximum of 60 financial services credits can be used towards the Diploma.

From 01 January 2017, the option to use financial services credits towards the Diploma is withdrawn, except for the following units: 

  • (JO7) Supervision in a regulated environment

  • (R05) Financial protection; and

  • (GR1) Group risk

Credit awards for equivalent units

Due to the extent of syllabus overlap, certain combinations of units will result in only one award of credits.

Where two comparable units are held, the higher of the two credit figures will be added to your CII Learning Account. However, should you wish, you may still choose to sit an 'overlapping' unit in order to enhance your knowledge. Units affected are shown below.

Existing unit title Credits and level Existing unit title Credits and level
(IF1) Insurance, legal and regulatory 15 - Certificate (LM1) London market insurance essentials 10 - Certificate
(W01) Award in General Insurance* 15 - Certificate

Withdrawn unit title

Credits and level New unit title Credits and level
(P01) Insurance practice and regulation 20 - Diploma (IF1) Insurance, legal and regualtory 15 - Certificate
(IF2) General Insurance Business 15 - Certificate
(LM1) London market insurance essentials 10 - Certificate
(W01) Award in General Insurance* 15 - Certificate
(P04) Business practice 20 - Diploma (P92/M92) Insurance business and finance 25 - Diploma
(P16) Healthcare insurance 25 - Diploma (IF7) Healthcare insurance products 15 - Certificate
(P03) Legal aspects of insurance 20 - Diploma (P05/M05) Insurance law 25 - Diploma
(520) Company and contract law 30 - Advanced Diploma
(555) Life and disability underwriting 30 - Advanced Diploma (P61) Life, critical illness and disability underwriting 30 - Diploma
(556) Life and disability claims 30 - Advanced Diploma (P62) Life, critical illness and disability claims 30 - Diploma
(735) Life assurance 30 - Advanced Diploma (P63) Long term insurance business 25 - Diploma
(770) Principles of marine insurance 30 - Advanced Diploma (P98) Marine hull and liability insurance 30 - Diploma
(780) Aviation insurance 30 - Advanced Diploma (P91) Aviation and space insurance 30 - Diploma
(790) Private medical insurance 30 - Advanced Diploma (P64) Private medical insurance practice 25 - Diploma
(815) Underwriting management 30 - Advanced Diploma (960) Advanced underwriting 30 - Advanced Diploma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There are a number of other limitations to gaining credits for London market qualifications. View full details on recognition in the CII framework for London market qualifications, including the Lloyd's LLMIT

 

 

 

 

 

*Only available to non-UK candidates.

Recognition of prior learning

When you pass exams through the CII, the credits automatically appear on your learning account, including for exams that you may have already passed under discontinued CII qualification routes.

You may also be able to receive credits for relevant qualifications you have passed through other awarding bodies - to do this you should submit an application for recognition of prior learning.

By claiming credits for qualifications you've attained outside the CII framework, you'll avoid duplicating learning already undertaken, in turn reducing the amount of study and obtaining your CII qualification more quickly.

If you wish to claim credits to recognise non CII qualifications held please read the full guidance on the rules and requirements and download an application form.

Important note: To be awarded a CII qualification, you must obtain, by CII examination, dissertation or coursework assessment, a pass in a unit from the qualification that you are looking to complete, and meet the qualification completion requirements. These rules apply irrespective of how many credits your existing qualifications might provide through recognition of prior learning.

Find out more about applying for recognition of prior learning »

Additional benefits

By sitting certain combinations of units, you can acquire other qualifications on the way to completing the Diploma.

Award in London Market Insurance

A specialist qualification for those working in or with the London market, the Award in London Market Insurance comprises two units (LM1) London market insurance essentials and (LM2) London market insurance principles and practices.

Together the two units provide a broad understanding of insurance process and practice across the London market as well as detailed understanding of technical topics.

Certificate in London Market Insurance Specialisation

This advanced level qualification has been developed for London market specialists, in partnership with the Lloyd's Market association (LMA). Candidates can achieve this qualification by completing one Advanced Diploma lavel unit (991) London market insurance specialisation. The unit is completed through successful completion of a 10,000 word dissertation on a topic relevant to the London insurance market.

Note: 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.

Certificate in Contract Wording

Contract certainty is a major issue facing the insurance industry, especially within Lloyd's and the London market.  The regulator requires the provision of clear, comprehensive and fully-agreed policy wordings before inception to all policyholders.

To help individuals and organisations meet this requirement, the CII has developed the Certificate in Contract Wording. It is designed to enhance knowledge of the practical application of wordings and the issues associated with them.

To acquire the Certificate, you must study and pass two units from the Diploma in Insurance: (P05) Insurance law (or already hold one of the withdrawn legal units P03 or 520) and (P21) Commercial insurance contract wording.

Candidates meeting the completion requirements will automatically be awarded the Certificate in Contract Wording.

Certificates and Diplomas in Life and Disability Underwriting and Claims

The CII and the Assurance Medical and Underwriting Society (AMS) jointly developed the following qualifications, which are awarded by AMUS:

Certificate in Life and Disability Underwriting and Certificate in Life and Disability Claims - awarded to those that complete the Certificate in Insurance including either the unit (P61) Life, critical illness and disability underwriting, or (P62) Life, critical illness and disability claims respectively. The AMUS also require a written work reference from your company's chief underwriter.

Diploma in Life and Disability Underwriting and Diploma in Life and Disability Claims - awarded to those completing the Diplom ain Insurance including units (P05) Insurance law, (P63) Long term insurance business and either (P61) Life, critical illness and disability underwriting, or (P62) Life, critical illness and disability claims respectively. The AMUS also require a written work reference from your company's chief underwriter and evidence of continuing professional development (CPD).

Application for these qualifications is made directly through AMUS. For information, contact +44 (0)20 7636 6308, email amus@btconnect.com, or write to them at Lettsom House, 11 Chandos Street, London W1G 9EB.

CII/IATA Diploma learning route

The CII and IATA (the international trade body which represents some 240 airlines) have developed a dedicated learning route for staff working in the air transport sector whose responsibilities include any aspect of insurance.

By completing the Diploma in Insurance via a specified route, plus the IATA air transport 'Procurement and contracts management' module, successful candidates will be awarded the CII Diploma in Insurance along with recognition from IATA.

Important deadlines

Important deadlines for the Diploma in Insurance qualification

Important deadlines - 2016

 

Oct 2015 exams

Apr 2016 exams

Oct 2016 exams

Recommended last date for continuous assessment enrolment UK & International 10 Jul 15 08 Jan 16 01 Jul 16
Last date for continuous assessment assignments to be with tutors UK & International 18 Sep 15 18 Mar 16 09 Sep 16
Closing date for your exam entry and payment to reach the CII at normal fee (changes to exam entries, etc. not accepted after these dates) UK & International 02 Sep 15 02 Mar 16 24 Aug 16
At late entry fee UK & International 25 Sep 15 24 Mar 16 16 Sep 16
Exam entry confirmation* Dispatched within seven working days from receipt of application
Receive your exam admission permit* Dispatched ten days before exams begin or six weeks for non-UK applicants
Exam sittings UK & International 12-14 Oct 15 11-13 Apr 16 04-06 Oct 16
Exam results released online** at www.cii.co.uk/results and posted to candidates.
Results are sent by 1st class post on the dates shown.
Please allow five days for delivery to a non-UK address.
UK exam centres
(Diploma/Advanced Diploma units except 590)
11 Dec 15 10 Jun 16 02 Dec 16
UK exam centres - unit 590 18 Dec 15 17 Jun 16 09 Dec 16
International exam centres (Diploma/Advanced Diploma units) 18 Dec 15 17 Jun 16 09 Dec 16
International exam centres
(Certificate units)
20 Nov 15 20 May 16 11 Nov 16
Entry for the next exam You do not have to wait for your results before entering for an exam in the next session 

* Please contact Customer Service if you do not receive these, either by emailing admissionpermitenquiries@cii.co.uk or calling +44 (0) 20 8989 8464. When you receive your admission permit you must read it in full and check whether any change has been made in the date or times of the units for which you have entered and that the units shown on your permit are those that you intend to sit. Please contact Customer Service immediately if there is any discrepancy.

** To access your results online you will need to be logged in to the website using your CII Permanent Identity Number (PIN) and password.

By taking a CII exam you are agreeing to the regulations stated on the exam admission permit as well as those detailed at www.cii.co.uk/exampolicies

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.

Insurance qualifications framework enhancements

Following the latest review of the CII insurance qualifications framework, a range of enhancements are being introduced that will take effect between now and 2018.

Syllabuses

P05 Insurance law

These units cover the following key subjects:

  • Nature and sources of law
  • Legal personality
  • Law of tort
  • Law of contract
  • Insurance contract
  • Void and illegal insurances
  • Insurance claims
  • Subrogation and contribution
  • Agency



This unit cover the following key subjects:

  • Nature and sources of law
  • Legal personality
  • Law of tort
  • Law of contract
  • Insurance contract
  • Void and illegal insurances
  • Insurance claims
  • Subrogation and contribution
  • Agency

P21 Commercial insurance contract wording

These units cover the following key subjects:

  • Regulatory regime and market initiatives
  • Legal issues affecting insurance contracts
  • Scope, coverage and limits of insurance contract wordings
  • Main conditions applied to commercial contract wordings
  • Implications of contract wording as applied to different types of reinsurance

 

M21 Commercial insurance contract wording

This unit covers the following key subjects:

  • Regulatory regime and market initiatives
  • Legal issues affecting insurance contracts
  • Scope, coverage and limits of insurance contract wordings
  • Main conditions applied to commercial contract wordings
  • Implications of contract wording as applied to different types of reinsurance

P61 2015 Syllabus

To develop underwriting skills in life, disability and critical illness insurances based upon an understanding of the major systems of the body and its diseases and of non medical risks.

P62 2015 syllabus

To develop knowledge and skills for the assessment of life, critical illness and disability claims incorporating medical, legal and financial considerations, and the ability to apply these to claims scenarios.

P63 2015 syllabus

To develop in the candidate a detailed knowledge and understanding of the long-term insurance market.

 

P64 2015 syllabus

To provide an understanding of the principles and practices of private medical insurance (PMI) and the ability to apply this knowledge to practical situations.

P66 2015 syllabus

P67 2015 syllabus

P80 Underwriting practice

Purpose

At the end of this unit, candidate should be able to demonstrate an understanding of:

  • the business, regulatory and legal environment of underwriting;
  • the main influences on underwriting strategy;
  • the principles and practices of risk pricing.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory or equivalent examinations.



 

Purpose

At the end of this unit, candidate should be able to demonstrate an understanding of:

  • the business, regulatory and legal environment of underwriting;
  • the main influences on underwriting strategy;
  • the principles and practices of risk pricing.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory or equivalent examinations.

P81 Insurance broking practice

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the regulatory and legal environment of insurance intermediaries and brokers;
• the role of the broker in meeting client needs and placing risks;
• the role of the broker in selecting insurers, designing insurance programmes and servicing claims;
• the other services that may be available from insurance brokers.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory or equivalent examinations.



Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the regulatory and legal environment of insurance intermediaries and brokers;
• the role of the broker in meeting client needs and placing risks;
• the role of the broker in selecting insurers, designing insurance programmes and servicing claims;
• the other services that may be available from insurance brokers.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory or equivalent examinations.

P85 Claims practice

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

  • key aspects of the regulatory environment of insurance claims;
  • how to establish cover exists under the policy and how to gather information;
  • how to determine indemnity or liability;
  • how to negotiate and settle claims.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory and P05 Insurance law, or equivalent examinations.



Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

  • key aspects of the regulatory environment of insurance claims;
  • how to establish cover exists under the policy and how to gather information;
  • how to determine indemnity or liability;
  • how to negotiate and settle claims.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory and P05 Insurance law, or equivalent examinations.

P86 Personal insurances

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the market practices of household insurance;
• the policy cover and rating considerations of household insurance and other personal insurances;
• the main claims procedures for personal lines;
• the main aspects of the business environment.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory, and P05 Insurance law or equivalent examinations.



P90 Cargo and goods in transit insurance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

  • the business and legal environment of transit risks;
  • the scope of cover under cargo and goods in transit insurances;
  • the underwriting and claims procedures of cargo and goods in transit insurances.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1, Insurance, legal and regulatory, and P05 Insurance law, or equivalent examinations.

P91 Aviation and space insurance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the risks related to aviation insurance;
• the scope of cover of aviation insurances;
• market practices related to aviation insurance;
• particular underwriting and claims issues related to aviation insurance;
• key aspects of space insurance;
• the main features of the aviation reinsurance market.

P92 Insurance business and finance - exam assessment

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the structure of the insurance business;
• the main aspects of management and corporate governance;
• the main accounting principles and practices of insurance company accounts;
• the typical measures of the financial strength of insurance companies.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1, Insurance, legal and regulatory, or equivalent examinations.



 

M92 Insurance business and finance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the structure of the insurance business;
• the main aspects of management and corporate governance;
• the main accounting principles and practices of insurance company accounts;
• the typical measures of the financial strength of insurance companies.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1, Insurance, legal and regulatory, or equivalent examinations.



P93 Commercial property and business interruption

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the main risks to commercial property;
• the policy cover and market practices of commercial property and business interruption insurances;
• the risk perception, assessment and underwriting issues associated with these insurances.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory or equivalent examinations.

 

M93 Commercial property & business interruption insurance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

  • the main risks to commercial property;
  • the policy cover and market practices of commercial property and business interruption insurances;
  • the risk perception, assessment and underwriting issues associated with these insurances.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory or equivalent examinations.

 

P94 Motor insurance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the risks and legal considerations associated with motor insurance;
• the scope of cover for motor car, motor cycle and commercial motor insurances;
• the key market practices related to motor insurance;
• the main underwriting considerations;
• the claims practices related to motor insurance.

Assumed knowledge

It is assumed the candidate has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory and P05 Insurance law or equivalent examinations.

M94 Motor insurance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

  • the risks and legal considerations associated with motor insurance;
  • the scope of cover for motor car, motor cycle and commercial motor insurances;
  • the key market practices related to motor insurance;
  • the main underwriting considerations;
  • the claims practices related to motor insurance.

Assumed knowledge

It is assumed the candidate has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory and P05 Insurance law or equivalent examinations.

 

 

P96 Liability insurances

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the risks associated with employers' liability, public and product liability, professional indemnity and
directors' and officers' liability insurances;
• the policy cover and market practices associated with these insurances;
• the management and evaluation of liability risk;
• the main considerations of liability underwriting.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory and P05 Insurance law, or equivalent examinations.

M96 Liability insurances

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• the risks associated with employers' liability, public and product liability, professional indemnity and
directors' and officers' liability insurances;
• the policy cover and market practices associated with these insurances;
• the management and evaluation of liability risk;
• the main considerations of liability underwriting.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory and P05 Insurance law, or equivalent examinations.

 

 

P97 Reinsurance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• different types of reinsurance - facultative, proportional and non-proportional treaties;
• the global marketplace for reinsurance and main market practices;
• the main aspects of property, casualty, marine and aviation reinsurance.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1, Insurance, legal and regulatory, and P05 Insurance law, or equivalent exams. 

M97 Reinsurance

Purpose

At the end of this unit, candidates should be able to demonstrate an understanding of:

• different types of reinsurance - facultative, proportional and non-proportional treaties;
• the global marketplace for reinsurance and main market practices;
• the main aspects of property, casualty, marine and aviation reinsurance.

Assumed knowledge

It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1, Insurance, legal and regulatory, and P05 Insurance law, or equivalent exams. 

 

 

P98 Marine hull and associated liabilities

Purpose

This unit is about demonstrating detailed knowledge and understanding of marine hull and associated liability risks and their insurance. This unit would be of benefit to those involved in the wider insurance
broking or other insurance related services for marine insurance and those wishing to extend their knowledge of this area.

Assumed knowledge

Assumed knowledge may not appear in detail within the learning outcomes but forms part of the syllabus and may be examined. It is assumed that the candidate already has the knowledge of the fundamental principles of insurance as covered in IF1 Insurance, legal and regulatory and P05 Insurance law or equivalent examinations.