The overall aim of Marketing Insurance Products and Services (945) is to demonstrate how good marketing practice contributes to success in insurance business and the wider insurance profession. You will learn about marketing’s central role to business and how to develop and implement an effective marketing strategy.
The study text follows the examination syllabus as closely as its structure allows, the text examines the following:
- Marketing definitions and importance of the customer.
- Planning sequence including marketing audit, SWOT, marketing objectives and strategies.
- Competition and how research can help competitiveness.
- Customer buying patterns and customer segments identification.
- Product development and pricing.
- Distribution, inherent risks and delivering service.
- Marketing promotion and communication.
- Branding and building trust.
To achieve success in the 945 assessment, you are encouraged to undertake the further reading and private research recommended within the core context. You should already have knowledge gained from a study of the relevant sections of Insurance, Legal and Regulatory (IF1), or equivalent examinations.
Building a successful career in insurance
An important aim of this unit is to create an awareness that, whatever your future role in insurance, you will have a part to play in marketing and should recognise that there are many influences on performance other than financial.
Summary of learning outcomes
- Analyse the role and operation of marketing in the insurance industry.
- Analyse insurance product and service development and positioning.
- Evaluate the distribution of insurance products and services.
- Analyse the role of communication in the marketing of insurance products and services.
Assessment
- 3 coursework assignments of up to 3,200 words
- For purchases on, or after, the 21/03/2023, 12-month enrolment with assignments due at 3,6,9 months. This may be different to previous enrolments you have purchased for CII units.
- 50% pass mark
- The average pass rate for those completing Advanced Diploma in Insurance coursework units in full is currently 97.0%
Units treated as equivalent
Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.
If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.
Find out more about credit awards for equivalent units
Course delivery
Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.
Study material – editions available
Enrolment (12 months)
