The CII has amended the criteria for obtaining the Chartered Insurance Underwriting Agent title for Lloyd’s coverholders.
The CII launched the Chartered Insurance Underwriting Agent title in 2020, in recognition of managing general agents’ growing market presence and to continue to build public trust in all aspects of the insurance profession.
To hold the new Chartered title, coverholders will need to meet the eligibility criteria, including:
- Evidencing processes such as professional development programmes.
- Ensuring at least 90% of customer-facing staff are CII members bound by the professional body’s Code of Ethics.
- Having a sufficient number of qualified individuals to meet the requirements of the variable criteria.
- For Lloyd’s coverholders, the requirement to have been trading for at least three years as an authorised and regulated business will be reduced to one year due to the rigour of the Lloyd’s approval process and the body’s monitoring of the market.