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Certificate in London Market Insurance

Building knowledge, developing core competence

The Certificate in London Market Insurance is a specialised qualification for those working in or conducting business through the London Market.

Building on introductory knowledge gained from the Award in London Market Insurance, the CII Level 3 Certificate in London Market Insurance includes the addition of compulsory unit (LM3) London market underwriting principles. The Certificate develops knowledge and understanding of the underwriting disciplines within the London Market, key elements of the cycle, and explores the opportunities and challenges posed by using different distribution channels such as delegated underwriting.

  • Anyone holding the CII Award in London Market Insurance
  • Employees of Lloyd’s syndicates, brokers, managing agents or members’ agents in an administrative, operational or other support role; e.g. business development managers, underwriting technicians or business analysts

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 160 hours. This represents the time a student might typically take to complete the qualification.

Each unit is assessed by a single multiple-choice on screen exam, tested year-round throughout the UK at a choice of over 40 centres. The qualification award will be graded fail/pass.

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Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules.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 Certificate comprises three core units which provide a total of 40 credits on successful completion. There is no prescribed order in which units must be taken, but it is strongly recommended that you sit LM1 first followed by LM2 and LM3.

London market insurance essentials
Credits : 10
Level : 3
London market insurance principles and practices
Credits : 15
Level : 3
London market underwriting principles
Credits : 15
Level : 3