Last month, the Chartered Insurance Institute the CII launched the new Level 3 Certificate in London Market Insurance, a specialist qualification for those working or conducting business through the London market.
Developed in consultation with the London market education group and insurance practitioners, the Certificate builds on knowledge gained from completion of the two-unit Award in London Market Insurance, comprising the completion of one further unit: (LM3) London market underwriting principles.
EXTEND YOUR MARKET KNOWLEDGE
Focusing on the market's underwriting disciplines, the LM3 syllabus explores key elements of the cycle and the opportunities and challenges posed by using different distribution channels such as delegated underwriting. The Certificate is particularly suited to employees of Lloyd's syndicates' brokers, managing agents or members' agents in an administrative, operational or support role.
Individually, LM3 provides 15 credits upon successful completion and when in conjunction with units LM1 and LM2, a total of 40 credits and the award of the Certificate. CII members will also be entitled to use the designation Cert CII (London market), subject to continuing professional development requirements.
Within the four weeks since its launch, LM3 has seen encouraging enrolment uptake, in addition to the first exam pass and award of the new Certificate.
Full details, including study package pricing and study support, can be found online at: www.cii.co.uk/cert-lmi