CII launches new broker exam

The Chartered Insurance Institute (CII) has launched a new certificate-level exam for brokers.

The course, called ‘Insurance Broking Foundations/Essentials’,  is an introductory qualification that teaches participants about the roles and responsibilities of an insurance broker.

It covers brokers interaction with insurers and clients, regulatory and financial issues, and conduct issues.

CII financial markets director Steve Jenkins said: “The CII is fortunate enough to enjoy the support of a number of leading practitioners from the broking sector.

“Over the coming weeks and months we will be working closely with the broking faculty board and Biba to ensure the new unit meets the needs of new and recent recruits to the broking profession, and supports the creation of new broking related apprenticeships.”

CII insurance broking faculty chair Stuart Reid said: “Public confidence in financial services is a burning issue and the need for greater knowledge, expertise and higher professional standards in insurance broking has never been greater.

“The faculty board is delighted to be able to share its experience and expertise with the CII and to assist in the creation of this new exam unit. This collaborative approach will provide candidates with a robust study framework, which will in turn result in better quality outcomes for clients they serve.”

Completion of the exam will provide 15 certificate-level credits that, subject to completion rules, can also be used towards completion of the Diploma and Advanced Diploma in Insurance.

The CII said the course will also be of interest to those in other areas of insurance who want to gain a better understanding of broking.