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Chartered Insurance Institute
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Key facts

Key facts for the Award in London Market Insurance

What does this qualification involve?

The Award comprises two compulsory units from the CII insurance qualifications framework, providing a total of 25 credits upon successful completion.

Candidates are required to take the following compulsory units:

  • (LM1) London market insurance essentials
  • (LM2) London market insurance principles and practices

For unit syllabuses, return to the Award in London market insurance page, and click on the ‘Syllabuses’ link to the right of the page.

Overview of Award-level units:


Assessment format

Study hours

Credits awarded





(LM1) London market insurance essentials

·         1 hour exam

·         50 multiple choice questions

·         70% nominal pass mark



(LM2) London market insurance principles and practices


·         2 hour exam

·         55 multiple choice questions and 4 case studies comprising 5 multiple choice questions

·         70% nominal pass mark



Find out more about assessment methods, including exam policies and centres »

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII units will result in only one award of credits. 

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules.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