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Chartered Insurance Institute
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The Aldermanbury Declaration: Six months on

Six months on from the launch of the Aldermanbury Declaration by a task force of leading industry figures, the Chartered Insurance Institute (CII) has published a list of signatories.

The Declaration provides firms from across the insurance sector with a common framework for embedding high standards within their business. An impressive and growing list of insurers, brokers, loss adjusters, claims management companies, managing general agents and other firms working in the sector have confirmed their support for the Declaration

Barry Smith, past president of the CII and chairman of the GI taskforce, said, 'Insurance is based upon trust and the offer of peace of mind. A commitment to the Declaration sends a clear message to customers, employees and the regulator ' a message about the importance you attach to professional standards. By adhering to the objectives of the Declaration, I believe we can transform the insurance sector and in doing so create a profession that enjoys new-found trust and confidence.

"It will also help nurture and develop your prime asset: your staff. The Declaration's standards help create an environment that encourages and supports personal and professional development, raising levels of knowledge and enhancing performance."

"There is still some way to go and to those who have yet to lend their support I would say that to ensure our continued strength and future performance we all need to rise to this challenge. The first six months have shown that the market is ready, but achieving our vision will require the support of everyone in the general insurance sector."

Chris Hanks, president of the CII and new chair of the GI taskforce, said. 'The Declaration's standards are also about our markets your prime asset: staff. Looking towards the future I hope that we can look to further promote personal and professional development, nurturing practitioners through their careers and encouraging them to fulfil their potential. CII research shows that 80% of human resources practitioners in the GI sector believe that the demand for professional qualifications will increase over the next five years.

'The Declaration is also an opportunity to create a recognised profession that puts insurance on the map for school, college and university leavers. It places aspiration at the heart of how we think and act.'

To learn more about the Aldermanbury Declaration and the CII's work in this area please visit

David Ross, Director of Communications
Office: 020 7417 4478
Mobile: 07545 401788

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