Bayes Business School MSc Insurance and Risk Management
The following 2 examples illustrate different routes to CII qualifications and professional designations.
Other routes are available and the examples don't guarantee that all applications will receive the same prior learning award.
Chris and Lynne graduated from Bayes Business School with an MSc Insurance and Risk Management. They selected different electives within their degrees, so their prior learning awards and pathways to CII qualifications are different. Chris may complete the CII Level 6 Advanced Diploma in Insurance by passing 3 CII units whereas Lynne requires 4.
They join the CII and renew their membership annually to maintain their professional designations.
1 MSc Insurance and Risk Management - 200 CII prior learning credits
Chris has recently graduated and wishes to complete the CII Level 6 Advanced Diploma in Insurance.
Within his degree he selected multiple modules that align with CII qualifications.
His prior learning application outcome is an offer of 200 CII credits (seven exemptions). This means Chris now needs just three directly-assessed CII units.
Chris claims his offer in full:
Three CII unit exemptions (80 CII credits) at Diploma level
- (M05) Insurance law (core unit): 25 CII credits
- (M92) Insurance business and finance (core unit): 25 CII credits
- (M97) Reinsurance: 30 CII credits
Four exemptions (120 credits) at Advanced Diploma level - including the core (820) Advanced claims unit.
Chris now requires three CII unit passes:
- He automatically completes the CII Level 4 Diploma in Insurance as soon as he passes the first Advanced Diploma-level coursework unit*. As a CII member, he is now eligible to use the Dip CII professional designation.
- He passes two more CII Advanced Diploma-level units to complete the CII Level 6 Advanced Diploma in Insurance.
As a CII member, he replaces the Dip CII professional designation on his email signature with ACII.
Once his sector experience reaches five years, as an underwriter, he applies to use the CII Chartered Insurer title.
2 MSc Insurance and Risk Management - 195 CII prior learning credits
Lynne has recently graduated and wishes to complete the CII Level 6 Advanced Diploma in Insurance.
Within her degree, she selected multiple modules that align with CII qualifications.
Her prior learning application outcome is an offer of 195 CII credits (seven exemptions). This means Lynne now needs four directly-assessed CII units.
Lynne claims her offer in full.
Four CII unit exemptions (105 CII credits) at Diploma level:
- (M05) Insurance law (core unit): 25 CII credits
- (M92) Insurance business and finance (core unit): 25 CII credits
- (M96) Liability insurances: 25 CII credits
- (M97) Reinsurance: 30 CII credits
Three unit exemptions (90 CII credits) at Advanced Diploma level - including the core (820) Advanced claims unit.
Lynne now passes four CII units.
- She automatically completes the CII Level 4 Diploma in Insurance as soon as she passes the first Advanced Diploma-level coursework unit*. As a CII member, she is now eligible to use the Dip CII professional designation.
- She passes three more CII Advanced Diploma-level units to complete the CII Level 6 Advanced Diploma in Insurance.
As a CII member, she replaces the Dip CII professional designation on her email signature with ACII.
Once her sector experience reaches five years, as a broker, she applies to use the CII Chartered Insurance Broker title.
Prior learning awards for degrees cost 50% of the price of CII qualification units.
On receipt of their prior learning application outcomes, Chris and Lynne have the following questions:
Why didn't CII offer the maximum 210 prior learning credits permitted within the scheme rules?
The scheme rules allow for a maximum 210 prior learning credits for one or more qualifications from the the same awarding organisation.
When CII processed their applications, it became clear that if Chris and Lynne were to receive exemptions for all their insurance and risk management modules, this would exceed the maximum 210 credits.
If Chris and Lynne have completed bachelor degrees in business, law, maths or actuarial science at a different university, would they be eligible to an additional prior learning award?
We recommend that Chris and Lynne make their applications as soon as practically possible.
If they haven't previously applied based on their undergraduate degree, we recommend they apply for both degrees at the same time. This will allow CII to optimise their prior learning award offers.
If successful, the may be able to complete the CII Level 6 Advanced Diploma in Insurance by passing one or two fewer units.
Why didn't the CII offer include an exemption from unit (991) London Market insurance specialisation?
Whilst CII could have offered Lynne an exemption from this unit for her Business Research Project, this unit attracts 50 CII Advanced Diploma-level credits, which would have exceeded the maximum 210 limit. CII identified that there was no permutation that would have enabled her to complete the Level 6 Advanced Diploma in Insurance with as few as four additional units.
If CII had included an exemption from 991 within her offer in place of other exemptions, the total fee would have been higher. This is because the 991 exemption fee is higher for this dissertation unit than for other Advanced Diploma-level (and Diploma-level) unit exemptions.
The combination of exemptions offered by CII minimised both the fee and the number of directly assessed passes she requires.
If Lynne had been eligible to an exemption from 991 (or 994 Insurance Market Specialisation), the final application date would be 5 October 2027. This is because CII has withdrawn this unit from its qualifications.