CII sharpens London Market focus with new qualification
The Chartered Insurance Institute (CII) is launching a new level three Certificate in London Market Insurance for those working in or conducting business through the London Market.
The qualification is for individuals who want to build on the existing Award in London Market Insurance. It is particularly aimed at employees of insurers, reinsurers and brokers placing business in the London Market as well as Lloyd’s syndicates, brokers, managing agents or members’ agents. The certificate includes the addition of a compulsory unit on London Market underwriting principles. It also focuses on exploring the opportunities and challenges posed by using different distribution channels such as delegated underwriting.
The CII launched the certificate following consultation with the London Market Education Group (LMEG) made up of highly experienced practitioners and specialists who have a deep knowledge of training and development programmes in this area.
Keith Richards, CII managing director of engagement said: “The London Market is a unique and highly specialised market that requires a great deal of specialist knowledge. It is a vital part of the UK economy with significant international pedigree for finding insurance solutions to a diverse range of requirements.
“With this in mind, we have created a tailored qualification programme with the help of practitioners that will build the confidence and competence of insurance professionals working in this competitive market. London is a major international hub for insurance and we are keen it remains so for the benefit of consumers in the UK and abroad.”
