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Award in London Market Insurance

Developing your knowledge of the London Market

Designed in consultation with London Market practitioners, the CII Level 3 Award in London Market Insurance provides an essential grounding for new entrants to the market, or those who have dealings with it. The Award provides a broad understanding of insurance process and practice across the London market as well as detailed understanding of technical topics.

  • Employees of London Market insurers and reinsurers;
  • Employees of broking firms placing business in the London Market;
  • Lloyd's managing agents and Lloyd's members' agents;
  • Coverholders anywhere in the world whose business is underwritten in London; and
  • Professional service organisations such as lawyers, accountants, actuaries and loss adjusters. 

Before starting study, check to see whether any of your previous academic qualifications or credits from other professional bodies and institutes can be carried towards completion of the Certificate.

Find out more about recognition of prior learning

Specific study time guidelines are provided for each unit on its webpage and in the CII qualifications brochure. The notional Ofqual ‘Total Qualification Time’ for this qualification is 100 hours. This represents the time a student might typically take to complete the qualification.

Award level units are assessed by multiple choice question exam (MCQ). For online MCQ exams result notification is immediate on completion. For paper-based MCQ exams, results are released five weeks' following the exam sitting.

Find out more about assessment, including policies and centres

Qualification units are delivered through purchasing an Enrolment, equipping you with the essential materials to support core learning. For a single fee, an Enrolment typically includes: study text, assessment and access to RevisionMate, our online study tool. 

We also offer additional revision aids through purchasing Enrolment plus for most key units. These range from Key fact booklets and Question packs, to Learn online tutorials.

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules.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

Completion requirements

Core units

The Award comprises two core units which provide a total of 25 credits on successful completion.

Units
Credit
Level
 
LM1
London market insurance essentials
Credit : 10
Level : 3
LM2
London market insurance principles and practices
Credit : 15
Level : 3

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