Why study the CII/IATA Diploma in Insurance?
Why study the CII/IATA Diploma in Insurance?
The CII Diploma in Insurance is an internationally-recognised technical and supervisory qualification developing essential knowledge and capability for individuals in the insurance market. It is relevant for both insurance practitioners or individuals requiring deep knowledge of insurance practice as part of their overall responsibilities.
Completion of the Diploma provides a platform to support effective job performance and long-term career success.
In addition to being a valuable qualification in its own right, the Diploma is also a stepping stone to completion of the CII Advanced Diploma in Insurance, the CII's premier insurance qualification, and Chartered status. The Diploma provides almost half of credits required to complete the Advanced Diploma.
Route to completion
With the CII/IATA Diploma in Insurance you study three compulsory CII units which provide essential coverage of insurance principles and aviation insurance:
- (P05/M05) Insurance law
- (P92/M92) Insurance business and finance
- (P91) Aviation and space insurance.
You then build your own pathway to completion of the qualification, selecting two from the four following CII units covering key subjects relevant to insurance in the air transport sector:
- (P90) Cargo and goods in transit insurances
- (P93) Commercial property and business interruption
- (P96) Liability insurances
- (P67) Fundamentals of risk management
To complete the programme you must then complete the IATA air transport 'Procurement and contracts management' module. This focuses on how to manage and control the procurement process with your suppliers developing the skills required to:
- Review the end to end procurement management process
- Know about the role of a procurement department in your company and in your project
- Understand the different contract types, their objectives and legal implications
- Develop evaluation criteria to select the best partner
- Understand the role of contract administration making sure the contractor delivers.
Studying for the IATA/CII air transport learning programme
Study for the CII Diploma is on a 'distance learning' basis. A comprehensive suite of learning and revision materials is available, and you pay as you study, purchasing each unit individually as required.
IATA members can access items at the discounted prices available to CII members, saving almost 20% on the non-member prices. Typically the Diploma costs from around £1,300 to complete. See the IATA 'Procurement and contracts management' module for details of the pricing applying to this. Generally entrants sit 2 exams a year so the whole programme lasts in the region of 24 to 30 months (there is no set time limit to complete). Candidates can expect to spend on average 100 study hours per unit taken.
The learning and revision materials vary between each CII unit but typically include:
- Study text - a hardcopy guide covering the course syllabus in concise sections, with a series of self-test questions. Includes access to RevisionMate, a free online study support tool providing additional support including study planner, past exam papers, student discussion forum, electronic study text, self-test facility, and hints and tips.
- Continuous assessment (CA) - combines a study text with a tutor-assisted learning scheme where successful completion of a series of assignments provides 10% of the total marks available towards the final exam result.
- Exam guide - a past paper with examiners' comments on candidates' performance and key points for inclusion in your answers, providing guidance on what is required in the exam.
- Key fact booklet - a pocket-sized summary of key information from the study text.
- Face-to-face revision courses - available at the CII's London-based training centre or (subject to minimum fees), at any location around the world, these enable candidates to clarify areas of concern in the syllabus and learn revision and exam techniques and the common mistakes made by candidates - and how to avoid them.
The IATA transport procurement and contracts management module is delivered in a classroom environment enabling candidates to benefit from:
- Tuition from industry experts
- Learning through case studies, simulation exercises and other exemplary methods taught by IATA Registered instructors
- Global networking opportunities by interacting with professionals in your field
- Official IATA training and study materials
- State of the art training facilities.
CII units P05, P90, P91, P92, P93, P96 and P97 are tested by exams in April and October of each year. There are over 60 exam centre locations across the UK, and over 100 centres in other parts of the world. The exams are either two or three hours in duration and typically comprise a mixture of written short answer and essay questions.
CII units M05 and M92 are mixed assessment, comprising one coursework assignment which must be submitted within six months of enrolment and one multiple-choice question (MCQ) exam, to be sat within 18 months of enrolment. The MCQ exam component is offered throughout the year at online assessment centres throughout the UK and is available twice-yearly in April and October at international exam centres.
The IATA 'Procurement and contracts management' course will be assessed at the last day of the course through a final examination facilitated by the course Instructor.