ADVANCED DIPLOMA
FELLOWSHIP
CII QUALIFICATIONS 2015
CHANGES TO THE ACII
The completion requirements for the Advanced Diploma are changing effective from 01 January 2017, please click here for a detailed CII
document outlining these changes.
OVERVIEW
The two key changes are:
• A minimum of 150 Advanced Diloma credits will be required to complete the Advanced Diploma, as opposed to 90 at present.
• Complete three compulsory units as opposed to the current requirement of two.
• (P05/M05*) Insurance Law; and
• (P92/M92) Insurance business and finance or (530) Economics and business
• Plus one of the following:
• (820) Advanced claims; or
• (930) Advanced insurance broking; or
• (960) Advanced underwriting
*Subject to the successful pilot of (M92) Insurance business and finance, a mixed assessment insurance law unit (M05) will be available
from April 2015.
For further information on changes scheduled for introduction during 2014-2018, please click here.
CURRENT REQUIREMENTS
The current Advanced Diploma completion requirements up to 31 December 2016 remain:
• 290 credits required in total
• Of these a minimum of 205 credits at Diploma or Advanced Diploma level, with 90 at Advanced Diploma
• Complete 2 compulsory units:
2
• (P05/M05*) Insurance law; and
• (P92/M92) Insurance business and finance or (530) economics and business
www.iii.ie
CONTENTS
IMPORTANT DATES AT A
GLANCE
1.Introduction
4
2. CII Membership and Professional Designations 5
3. Recognition of Prior Learning 6
4. Continuing Professional Development 7
5. CII Advanced Diploma in Insurance (ACII) 8
6. Fellowship (FCII) 14
1.
INTRODUCTION
THE III AND ITS MEMBERSHIP BENEFITS FROM A CLOSE
PROFESSIONAL RELATIONSHIP WITH THE CHARTERED
INSURANCE INSTITUTE (CII). THIS RELATIONSHIP HAS FACILITATED
INSURANCE PROFESSIONALS IN IRELAND AVAILING OF AND
OBTAINING INTERNATIONALLY RECOGNISED ADVANCED
INSURANCE QUALIFICATIONS THROUGH THE CII.
The CII is the leading professional
body for the global financial services
profession and aims to promote
higher standards of integrity, technical
competence and business capability.
With over 115,000 members in more
than 150 countries, the CII is the
world’s largest professional body
dedicated to insurance and financial
services. Success in CII qualifications
is universally recognised as a global
standard
4
Introduction
Membership of the CII signals
a commitment to developing a
broad professional capability and a
willingness to adhere to the standards
associated with professional status.
2.
CII MEMBERSHIP
AND PROFESSIONAL
DESIGNATIONS
Following are the highest membership
levels available to qualified members
of the CII:
• Associate (ACII)
• Fellow (FCII)
Individuals in Ireland who wish to use
either the ACII or FCII designations
must hold membership of the CII. To
avail of the III CPD provision and
compliance recording services,
these members can apply for dual
membership of the CII and the III.
CII members at ACII or FCII level can
also apply to the CII for Chartered
status. Three Chartered titles are
available:
logo are registered trademarks of The
Chartered Insurance Institute.
• Chartered Insurer
• Chartered Insurance Practitioner
• Chartered Insurance Broker
Chartered Insurer, Chartered Insurance
Practitioner, Chartered Insurance
Broker, FCII and ACII are registered
collective marks of the Chartered
Insurance Institute, CII and the CII
CII Membership and Professional Designations
5
3.
RECOGNITION OF
PRIOR LEARNING
Holders of III qualifications may be
eligible for CII recognition of prior
learning. This means that passes in III
exams can award credits that count
towards CII qualifications, The CII
recognition of prior learning scheme
supports faster-track completion of
CII professional qualifications and
reduces both the time taken and
duplication of study.
Before submitting an application,
members should consult the
recognition of prior learning rules. Full
details of scheme rules, application
process and frequently asked
questions are available at
www.cii.co.uk/prior-learning
Members with queries regarding their
application should contact the CII
directly on +44 20 8989 8464
6
Please note that III exam credits
are NOT automatically added to
CII records, therefore if members
wish to register their III or academic
examinations/qualifications with the
CII they will need to apply to the CII
directly. The CII recognition of prior
learning scheme is independent of
the III exemption scheme. Therefore,
awards and credits may differ between
organisations. Please also note
that the CII charge a fee to claim
recognition of prior learning credits.
As MDI modules have been licensed
by the III from the CII for localisation to
the Irish market, a significant portion
of the content mirrors the original
CII units. Therefore, with effect from
August 2013, the CII have agreed a
reduced recognition of prior learning
fee for III members of £1 per credit for
MDI modules for CII and III members.
Please note that the recognition
of prior learning fee for non-MDI
modules remains for 2015 at £3 per
credit for CII members and £5 per
credit for non-members.
Recognition of Prior Learning
Full details are available at
www.cii.co.uk/prior-learning
Currently the CII are reviewing the
credit awards for these III programmes.
Once this review is completed
(December 2015), this exemptions
policy will be updated with details
of the agreed credits to be awarded.
In the interim, if you require further
information or wish to apply for
recognition of prior learning from CII
units, apply by contacting CII Customer
Service online www.cii.co.uk/priorlearning or by phone
0044 208 9898 464.
CII recognition of prior learning
awards can change as the CII and III
qualification frameworks evolve. We
recommend that students apply for CII
credits as soon as they successfully
complete each eligible III examination or
qualification. Once credits are paid for
and confirmed by the CII, they will remain
on the student’s CII learning statement
which can be requested from
www.cii.co.uk/learningstatement.
4.
CONTINUING
PROFESSIONAL
DEVELOPMENT
The CII announced a new Continuing
Professional Development (CPD)
scheme on 2 July 2012 which
applies to all CII qualified members,
e.g. anyone holding the ACII or FCII
designations.
The CII have communicated details to
their members advising them of what
their new CPD requirements are. Full
details are available at www.cii.co.uk/cpd.
Continuing Professional Development
For information on recording CPD
using the iiiCompliance tool, please
click here.
7
5.
CII ADVANCED
DIPLOMA IN
INSURANCE (ACII)
THE CII ADVANCED DIPLOMA IN INSURANCE IS THE
PROFESSIONAL QUALIFICATION FOR INSURANCE STAFF
WORKING ACROSS ALL SECTORS OF THE INDUSTRY. IT PROVIDES
AN ENHANCED UNDERSTANDING OF INSURANCE PRACTICE,
BOTH IN TERMS OF TECHNICAL SUBJECT MATTER AND OVERALL
Introduction
In becoming Advanced Diploma
qualified, graduates join a community
of proven insurance professionals. It is
evidence of your purpose, commitment
and ability and can be your passport to
a successful and fulfilling career. Upon
completion CII members are entitled
to use the designation ‘ACII’ (CII
Continuing Professional Development
requirements apply).
The information below summarises
options for achieving the Advanced
Diploma. Please note that applications
for CII exams should be made directly
to the CII.
Structure
The Advanced Diploma in Insurance
(ACII), currently requires the
accumulation of a minimum of 290
8
credits. Of these at least 205 must be
at Diploma level or above and 90 at
Advanced Diploma level. This should
include completion of two compulsory
units. Outside of these requirements,
students are free to select units of
study according to their preference
and career requirements. Please note
that the CII are introducing changes to
credit requirements for 2017. Please
click here for details.
Recognition of Prior
Learning (RPL)
Credits awarded by recognition of
prior learning can be used in reaching
the number of credits required. Please
see www.cii.co.uk/prior-learning for
further details. Once students pass
III exams they intend to use towards
completion of the Advanced Diploma
in Insurance, they must apply to the CII
for recognition of prior learning to be
awarded credits.
A personalised ‘learning statement’
outlining credits achieved to date
can be requested at www.cii.co.uk/
learningstatement or from CII customer
service at customer.serv@cii.co.uk
Core Compulsory Units
P05/M05** – Insurance law (with
reference to UK law and practice)
and
P92/M92* – Insurance business
and finance (with reference to UK
law and practice)
or
530 – Economics and business
(with reference to UK law and
practice)
*M92 Insurance business and finance is a mixed assessment (coursework and online exam) unit that is currently being piloted. Subject to the
success of this pilot, this will be available on a permanent basis.
**Mixed assessment unit M05 Insurance law will be available in April 2015, subject to the successful pilot of M92 Insurance business and finance. .
Alternatives to P05 & P92
III students who have successfully
completed MDI -01: Insurance
and Business Law (with reference
to Irish law and practice) may
apply to the CII for an exemption
from P05.
III students who have successfully
completed MDI-02: Insurance
Business Environment (with
reference to Irish law and practice)
may apply to the CII for an
exemption from P92.
The CII qualification requirements
must be fully met for CII qualifications
to be awarded.
These include the requirement to
complete at least one CII unit from the
CII insurance qualifications framework
by exam, dissertation or coursework
at the same level or above of the
CII qualification you are looking to
complete.
Students who successfully pass these
or any other III exam they wish to use
towards the Advanced Diploma, must
apply to the CII for recognition of prior
learning.
III Syllabi
III syllabi covering Irish law and
practice are available for a number of
modules. These modules (bar 561)
form the III Management Diploma in
Insurance (MDI) and can provide an
appropriate stepping stone qualification
towards the Advanced Diploma in
Insurance.
Professionals studying in the Republic
of Ireland are free to select the more
appropriate of the UK or Irish options.
However, please note that under
the CII scheme those awarded a CII
unit as prior learning who pass (or
have passed) the same CII unit by
examination, will only be awarded one
set of CII credits.
See table below for III exams which
may count towards completion of the
Advanced Diploma through the CII’s
recognition of prior learning scheme.
III exams which may count towards completion of the Advanced Diploma through the
CII’s recognition of prior learning scheme
III MODULE
MDI-01 Insurance and Business Law CII Recognition of Prior Learning Award
MDI-02 Insurance Business Environment
CII unit P92
MDI-03 Strategic Marketing in Insurance
CII unit 945*
MDI-04 Motor Insurance CII unit P94
MDI-05 Liability Insurance CII unit P96
MDI-06 Commercial Property and Interruption Insurance 25 non-unit specific credits at
Diploma in insurance level
MDI-07 Advanced Claims Management CII unit 820
MDI-08 Advanced Underwriting Management
CII unit 960
MDI-09 Advanced Risk Management
CII unit 992*
561 Life Assurance and Pensions
Administration 30 non-unit specific credits at
Diploma in Insurance level CII unit P05
* Subject to confirmation from CII
CII Advanced Diploma in Insurance (ACII)
9
Students applying to sit these III
modules may apply directly to the III.
Units that have been recognised for
the purposes of a prior learning award
may not be subsequently taken by
examination.
of prior learning. Applications for such
credits should be made immediately
because CII recognition of prior
learning awards change and are based
on the award at the time of the RPL
application.
Students who have completed
previous versions of the III modules
listed in the table on page 9 may be
entitled to CII credits via CII recognition
Please refer to the table below for
further information.
Students who have completed previous versions of the III modules listed in the table
on page 9 may be entitled to CII credits via CII regognition of prior learning.
CURRENT III MODULE MDI-01 Insurance and Business Law PREVIOUS III MODULE
IP05 Insurance Law
MDI-02 Insurance Business Environment
No previous module
MDI-03 Strategic Marketing in Insurance
No previous module
MDI-04 Motor Insurance 766 Motor Insurance
MDI-05 Liability Insurance 756 Liability Insurance
MDI-06 Commercial Property and Interruption Insurance No previous module
MDI-07 Advanced Claims Management 821 Claims Management
MDI-08 Advanced Underwriting Management
No previous module
MDI-09 Advanced Risk Management
No previous module
CII Syllabi
The table on the next page shows
all CII Certificate, Diploma and
Advanced Diploma level modules that
are available to sit in 2015. Please
see www.cii.co.uk/qualifications for
further information.
10
CII Advanced Diploma in Insurance (ACII)
CII Certificate. Diploma and Advanced Diploma level modules available to sit in 2015
ADVANCED DIPLOMA LEVEL
590 Principles of Takaful
30 credits, 120 study hours
820 Advanced claims
30 credits, 150 study hours
Last exam Oct 15 then
coursework only
930 Advanced insurance
broking
30 credits, 150 study hours
Last exam Apr 15 then
coursework only
990 Insurance corporate
management
150 study hours
945 Marketing insurance
products & services
30 credits, 150 study hours
Coursework assessment
available Apr 15
991 London market insurance
specialisation
50 credits, 180 study.hours
960 Advanced underwriting
30 credits, 150 study hours.
Last Exam Oct 15 then
coursework only
993 Advances in strategic risk
management in insurance
50 credits, 180 hours study
994 NEW Insurance market
specialisation
(available from Oct 2015)
50 credits, 180 study hours
530 Economics and business
30 credits, 150 study hours
Coursework assessment
992 Risk management in
insurance
30 credits, 150 study hours
DIPLOMA LEVEL
P05/M05* Insurance law**
25 credits, 100 study hours
Mixed assessment available
April 15*
P21 Commercial insurance
contract wording
20 credits, 100 study hours.
P61 Life, critical illness and
disability underwriting**
30 credits, 100 study hours
P62 Life, critical illness and
disability claims**
30 credits, 100 study hours
P63 Long term insurance
business
25 credits, 100 study hours
P64 Private medical
insurance practice
25 credits, 100 study hours
P66 Delegated Authority**
25 credits, 100 study hours
P67 Fundamentals of
risk management**
25 credits, 100 study hours
P81/M81* Insurance
broking practice
20 credits, 100 study hours
Mixed assessment available
Apr 15
P90 Cargo and goods in
transit insurances
25 credits, 100 study hours
P85/M85* Claims practice
20 credits, 100 study hours
Mixed assessment available
Apr 15
P80/M80* Underwriting
practice
20 credits, 100 study hours
Mixed assessment available
Apr 15*
P86 Personal insurances
20 credits, 100 study hours
P93 Commercial property and
business interruption
25 credits, 100 study hours
P94 Motor insurance
25 credits, 100 study hours
P97 Reinsurance
30 credits, 100 study hours
P98 Marine hull and
associated liabilities**
30 credits, 100 study hours
P91 Aviation and space
insurance*
30 credits, 100 study hours
P92/M92** Insurance
business and finance*
25 credits, 100 study hours
Last exam Oct 15 then mixed
assement only*
P96 Liability insurances
25 credits, 100 study hours.
This table continues on next page...
* M92 is a mixed assessment (coursework and online exam) unit that is being piloted. Subject to the success of the pilot, units M05,
M80, M81 and M85 will be available from April 2015. The roll-out plan will see all Diploma in Insurance units offering mixed assessment by 2018.
** This unit is treated as equivalent to a current or withdrawn CII unit. Please refer to www.cii.co.uk/qualifications for more information.
11
...table continued from previous page.
CII Certificate. Diploma and Advanced Diploma level modules available to sit in 2015
CERTIFICATE LEVEL
IF1 Insurance, legal and
regulatory**
15 credits, 50 study hours
IF2 General insurance
business**
15 credits, 50 study hours
IF3 Insurance underwriting
process
15 credits, 50 study hours.
IF4 Insurance claims
handling process
15 credits, 50 study hours.
IF5 Motor insurance products
15 credits, 50 study hours.
IF6 Household insurance
products
15 credits, 50 study hours.
IF7 Healthcare insurance
products**
15 credits, 50 study hours
IF8 Packaged commercial
insurances
15 credits, 50 study hours.
IF9 Customer service in
insurance
15 credits, 50 study hours.
IF10 NEW Insurance Broking
Fundamentals.
15 credits, 50 study hours
Available Apr 15, exam Sept
15.
LM1 London market
insurance essentials
10 credits, 40 study hours.
LM2 London market insurance
principles and practices
15 credits, 60 study hours
Exam Sittings
and Exam Centres
Please note that all CII exam sittings
are administered by the CII. CII exams
will take place in April and October.
Details of exam centres are available
at www.cii.co.uk/qualifications.
Applications for these should be made
directly to the CII.
III exams that are accredited by the CII
are available in May, September and
November and applications for these
should be made directly to the III.
Sittings for III modules MDI-01, MDI02, MDI-03, MDI -04, MDI-05, MDI06, MDI-07, MDI-08 and MDI-09 are
available in May and November.
12
Sittings for III module 561 are
available in May and September in III
centres nationwide, subject to demand.
Information on the Management
Diploma in Insurance (MDI) and its
modules can be found at www.iii.ie/MDI
Further details on III module 561 can be
found at www.iii.ie/qualifications/Life.
Credits
Please note that CII credits for passes
in III modules are not automatically
added to CII records. Therefore, if you
wish to register your III or academic
examinations/qualifications with the
CII you will need to apply directly to
the CII.
** This unit is treated as equivalent to a current or withdrawn CII unit.
Please refer to www.cii.co.uk/qualifications for more information.
A maximum of 210 CII credits from III
exams can be awarded to a student. It
is therefore important that members
contact the CII to review their credit
total before registering for any exams.
The CII charge a fee to claim
recognition of prior learning credits.
Full details are available at www.
cii.co.uk/prior-learning. However
as noted on page 6 a reduced
Recognition of Prior Learning fee for
III/CII members of £1 is applicable per
credit for MDI modules.
Entry Standards
There are no entry requirements for
this qualification. However, the CII do
recommend minimum qualifications for
entrants. Further details can be found
at www.cii.co.uk/qualifications
Exam Structure and Marking
Scheme for III and CII
exams
III Exams
For III exam formats, please refer to
www.iii.ie/exams
CII Exams
For CII exam details please refer to
www.cii.co.uk/qualifications
Fees and application process
III Modules
Fees, with the exception of module
561, are €545 for exam entry and
textbook. A fee of €395 applies for
repeat exams for all MDI modules.
Fees for module 561 are €295 for
exam entry and textbook and €145 for
repeat exams.
Prospective applicants can now
apply online for membership and
examinations at www.iii.ie. Member
Services are available on 01 645
6680 or memberservices@iii.ie to
address any queries.
III Exam Supports for MDI
modules
Master the material
Get to grips with the subject matter
by attending lectures with leading
experts across a 20 week term.
• Face to face lectures with subject matter experts
• Note taking guide to help make the most of tuition
• Copy of lecturer’s powerpoint slides
• Key points per chapter for all modules
• Webinars for all modules
Flexible learning
Study on the move when it suits with
additional online supports available
through iiiConnect.
hold membership of the Chartered
Insurance Institute (CII). To avail of
the III CPD provision and compliance
recording services, these members
can apply for dual membership of the
III and CII.
• Virtual classes
•
Textbooks in e-books form for all modules in formats compatible with e-readers including Kindle, Nook and Kobo.
CII members at ACII level can
also apply to the CII for Chartered
status (subject to having five years’
experience, not necessarily postqualification). Three Chartered titles
are available:
• Webinars (recorded lectures) for all modules.
Prepare through practice
• Review past papers with examiner’s notes on how best to answer
• Submit assignments for marking to gauge progress during the term
• Chartered Insurer
• Chartered Insurance Practitioner
• Chartered Insurance Broker
• Perfect exam technique through tutorials available online and face to face
CII Modules
Students must apply directly to the CII
either via www.cii.co.uk/qualifications
where information on exam supports,
a full list of fees as well as application
forms are available, or by contacting
the CII customer service team at
+44 20 89 898 464.
Next Step
Insurance Professionals who have
been awarded the Advanced Diploma
in Insurance may wish to consider
further enhancing their professional
credentials:
• CII Fellowship (carrying the designation FCII for CII members)
Important
Upon completion of the Advanced
Diploma, CII members are entitled
to use the designation ACII (CII
Continuing Professional Development
requirements apply). III members who
wish to use the ACII designation must
CII Advanced Diploma in Insurance (ACII)
13
6.
FELLOWSHIP (FCII)
THE STRUCTURE OF THE FELLOWSHIP PROGRAMME IS
CURRENTLY UNDER REVIEW AND MAY BE SUBJECT TO CHANGE.
FOR THE LATEST INFORMATION, PLEASE REVIEW THE CII WEBSITE
WWW.CII.CO.UK BEFORE BEGINNING THE PROGRAMME.
An international recognition of
professional excellence for those
working in the insurance industry,
the Fellowship programme, extends
beyond the premium achievement of
the Advanced Diploma in Insurance
to demonstrate the highest level
of knowledge, experience and
professionalism. Upon completion
CII members are entitled to use the
designation ‘FCII’ (CII Continuing
Professional Development
requirements apply).
Within the Fellowship programme,
there is a need to undertake a major
achievement. As you can see below,
there are a number of different options
for meeting this requirement. The
option chosen must be relevant to the
work done in the context of insurance
operations.
Only current Associate members of
the CII can enrol on the Fellowship
Programme.
14
Steps to Fellowship
• Enrol and complete the Fellowship plan.
• Provide evidence of three years’ CPD.
Option 1
Any professional or managerial
qualification undertaken as part of this
option is judged against the following
criteria:
• Complete the business ethics programme.
• It must be gained post Advanced Diploma in Insurance
• Show evidence of a major achievement.
Option 1: attain another
professional or managerial qualification.
Option 2: write a 3-5,000 word dissertation on an insurance related subject.
Option 3: produce a 3-5,000 word report on a major project you led or
of which you have been a key member of the project team.
Option 4: submit a portfolio of published works.
•
It must be obtained by independent / external assessment by the awarding body with a minimum of four assessments or their equivalent at Advanced Diploma subject level
•
•
It must usually be awarded after
a) a minimum of two year’s part-time study or b) one year’s full-time study
Where achievement of the additional qualification is partially dependent on credits awarded for prior learning, assessments equivalent to at least 120 Advanced Diploma credits must be undertaken.
• Write a statement of personal development.
• Apply for election.
Fellowship (FCII)
• The subject matter of the qualification must be relevant to your occupation in the insurance sector.
• It must be a complete qualification which meets the criteria in its own right.
Fellowship Advisory Service
(FAS)
During your progression to Fellowship
you may need help or advice. You may
be fortunate in having the services of
a mentor from your employer to call on,
or your local institute may offer help.
Use these as your first port of call. You
should feel free to approach others
to get useful additional input. For
instance, it can be helpful to discuss
your plans with your employer or you
might wish to approach colleagues
who have passed other qualifications
in which you are interested.
The FAS gives information about the
Fellowship programme offering a
wide range of help and advice. If there
is anything you do not understand,
please contact the FAS at the earliest
opportunity, this may prevent you
from running into problems later. In
particular, if choosing Option 1 to
evidence a major achievement, it
is advisable to have a qualification
assessed by the FAS before you start
studying towards it.
Contacts for the Fellowship
Advisory Service
CII,
42-48 High Road,
South Woodford,
London E18 2JP
T +44 (0)20 8530 0818
E societies.fas@cii.co.uk
Key Contacts & References
for CII
Examinations Information
Important details on registering for
CII exams, study supports and exam
policies are available using the links
below:
To register for exams and purchase
study materials, For details on closing
dates, exam timetables and result
release dates, For details on CII exams
and study supports:
www.cii.co.uk/qualifications
For full information on CII exam
policies:
www.cii.co.uk/qualifications
www.cii.co.uk/exampolicies
www.cii.co.uk/tandc
For full information on recognition
of prior learning:
www.cii.co.uk/prior-learning
To request a CII learning
statement:
www.cii.co.uk/learningstatement
To access exam results:
Available from 08:00 on the release
date. CII Permanent Identity Number
(PIN ) and CII
website password required
www.cii.co.uk/results
III Exam Timetable
www.iii.ie/exams/
Information on the Management
Diploma in Insurance (MDI) and its
modules can be found at
www.iii.ie/MDI
Further details on III module 561
can be found at
www.iii.ie/qualifications/Life
For queries regarding CII exams,
study materials, recognition of
prior learning, or other queries,
please contact the CII using the
contact details below:
CII Contact Details
CII,
42-48 High Road,
South Woodford,
London, E18 2JP
T +44 (0)20 8989 8464
F +44 (0)20 8530 3052
E customer.serv@cii.co.uk
www.cii.co.uk
Fellowship (FCII)
15
5 Harbourmaster Place
IFSC
Dublin 1
01 645 6600
info@iii.ie