Membership up 7.2% in 2006
The CII group announced its best year for membership growth since 1935. In 2007, CII membership grew to just under 92,000 members representing a 7.2% increase on 2006.
The growth in membership has swelled following a number of successful partnership arrangements with leading general insurance providers, including Zurich; the AXA-owned brokers Stuart Alexander, Smart & Cook, Layton Blackham; and Towergate – all strategic partners with the CII.
Growth has also increased thanks to the rising support for professional body membership in the financial services sector, as more financial advisers and IFA firms seek to step up to the challenges and opportunities presented by the FSA's Retail Distribution Review (RDR).
CII President Lord Hunt said: "I am delighted that more individuals, as well as the companies in which they work, see the value of joining the industry's professional body.
"Trust and the value of professionalism in the financial services sector are under intense scrutiny. This period of growth provides a compelling counter-argument to those who question the value of professional advice and the first-class work of the insurance industry."
