The objective of this unit is to develop an understanding of the fundamental principles of reinsurance in the global marketplace.
Recommended study hours: 100-120
This is a self-study course, including the relevant study text with updates.
This includes a printed study text, ebook and a printable PDF (ebook and PDF available on RevisionMate, with access granted for 18 months after enrolment) with electronic updates. Updates are available for 18 months after enrolment (further details on updates are included on the title page of the study text).
Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).
ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.
To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.
It is strongly recommended that you:
• print double-sided, if supported by your printer.
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: access is granted for 18 months after enrolment.
Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.
This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.
Exams can be booked at the point of enrolment or at a later date.
The coursework assignment is submitted online via www.revisionmate.com, the CII’s online study tool. It consists of 10 questions that range between 10 and 30 marks and which sequentially follow the syllabus learning outcomes. You must gain 120 out of 200 marks to pass this component. The coursework assignment must be submitted within the first 6 months of the enrolment period. Assignments should be between 5,000–10,000 words in length.
Marking of assignments is included with the study text enrolment fee. Should a candidate fail an assignment, a re-submission fee will apply.
Find out more at www.cii.co.uk/coursework.
On 23 June 2016, the UK voted to leave the European Union (EU).
The UK Government invoked 'Article 50' of the Lisbon Treaty on 29 March 2017. In doing so, the two-year negotiation period which will result in Britain leaving the EU began. This means that, at the time of publication, the UK's membership of the EU will cease on 29 March 2019.
Until this final 'withdrawal agreement' is entered into, the UK will continue to be a full member of the EU, compliant with all current rules and regulations, and firms must continue to abide by their obligations under UK law, including those derived from the EU, and continue with the implementation of all legislation that is still to come into effect.
The longer term impact of the decision to leave the EU on the UK's overall regulatory framework will depend, in part, on the relationship agreed between the UK Government and the EU to replace the UK's current membership at the end of the 'Article 50' negotiation period.
Please note: The UK decision to leave the European Union will have no impact on the 2017- 2018 CII syllabuses or exams. Changes that may affect future exam syllabuses will be announced as they arise.
The General Data Protection Regulation (GDPR) comes into effect on 25 May 2018. Examinations will be reflective of GDPR and the Data Protection Act 2018 from 25 May 2018.
Insurance Distribution Directive
The Insurance Distribution Directive (IDD) comes into effect on 1 October 2018. Examinations will be reflective of the IDD from this date.
The M97 Examination Guide for exams from 1 May 2016 to 30 April 2017 was first published in April 2016. Any questions which have been amended since the examination guide was first published will appear below.