CII
Level 4
QN: 601/2521/4
Curriculum Active
CII Level 4 Diploma In Insurance
Official qualification regulated by Ofqual, awarded by CII. Classified as a Vocationally-Related Qualification.
Qualification Level
Level 4
Awarding Body
CII
Syllabus Units
23 Units
Guided Hours
Flexible
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Aviation and space insurance
Verified
Key Learning Objectives:
- Know the main elements of aviation risk.
- Understand the main international and national measures impacting on aviation risk.
- Understand the scope of cover under the main and related classes of aviation insurance.
- Understand the market practices of aviation insurance.
- Understand risk assessment and underwriting of aviation insurance.
- Understand claims investigation, handling and settlement procedures in aviation insurance.
- Understand key aspects of space insurance.
2
Cargo and goods in transit insurances
Verified
Key Learning Objectives:
- Understand the business environment of shipping and world trade.
- Understand the legal and regulatory environment of cargo and goods in transit risks.
- Understand the scope of cover for cargo.
- Understand the scope of cover for haulage contractor’s liability.
- Understand the underwriting of cargo and goods in transit insurance.
- Understand claims considerations and procedures for cargo and goods in transit.
3
Claims practice
Verified
Key Learning Objectives:
- Understand key aspects of claims handling.
- Understand key aspects of handling personal lines claims, including motor.
- Understand key aspects of handling property claims, including business interruption.
- Understand key aspects of handling third party liability claims.
4
Commercial insurance contract wording
Verified
Key Learning Objectives:
- Understand the environment within which UK commercial (re)insurance contract wordings are created.
- Understand legal issues affecting commercial (re)insurance contract wordings.
- Understand the terms and conditions of commercial (re)insurance contract wordings.
- Understand the different types of reinsurance contract wording.
5
Commercial property and business interruption insurances
Verified
Key Learning Objectives:
- Understand the risk and control of fire, theft and other contingencies to property and business interruption.
- Understand the cover provided by and main practices of property insurance.
- Understand the cover provided by and main practices of business interruption insurance.
- Understand the underwriting of property and business interruption insurance.
- Understand how property and business interruption insurance claims are handled.
6
Delegated authority
Verified
Key Learning Objectives:
- Understand the business benefits and risks for the use of delegated authorities.
- Understand the legal and regulatory frame
- work related to delegated authorities.
- Understand the setting up of delegated authorities.
- Understand contracts of delegation and contracts of insurance.
- Understand the management of underwriting by the coverholder/managing general agent (MGA).
- Understand the management of claims by the coverholder/MGA.
- Understand key business support functions within the coverholder/MGA.
- Understand the monitoring and auditing of the delegated authority by the insurer.
7
Fundamentals of risk management
Verified
Key Learning Objectives:
- Understand the meaning of risk.
- Understand the role and purpose of risk management.
- Understand the core elements of the risk management process.
- Understand the different categories of risk.
- Understand current trends in risk management.
- Understand the position of insurance within risk management.
- Understand the key risk management lessons learnt from major loss events.
8
Insurance broking practice
Verified
Key Learning Objectives:
- Understand the key aspects of the regulatory and legal environment within which brokers operate.
- Understand the role of the broker in meeting client needs.
- Understand the role of the broker in the negotiation and placing of insurance contracts.
- Understand the role of the broker in selecting insurers.
- Understand the role of the broker in the design and operation of insurance programmes.
- Understand the role of the broker in the claims negotiation, collection and payment process.
- Understand the range of services that may be available from insurance brokers and their benefit to clients.
9
Insurance business and finance
Verified
Key Learning Objectives:
- Understand the structure of the insurance industry.
- Understand the management of insurance businesses.
- Understand the main aspects of corporate governance.
- Understand the role of common functions within insurance organisations.
- Understand accounting principles and practices and their application.
- Understand the main practices of insurance company accounts
- Analyse businesses using financial ratios.
- Understand the financial strength of insurance companies.
10
Insurance law
Verified
Key Learning Objectives:
- Understand the nature and sources of law and legal systems
- Understand the concept of legal personality.
- Understand the principles of the law of tort and the characteristics of the main torts.
- Understand the law of contract.
- Understand the law of agency and its application to insurance.
- Understand the main principles governing the formation of insurance contracts.
- Understand how the terms of insurance contracts are classified and the effect of a breach of an insurance contract term by the insured and of other vitiating factors.
- Understand the main legal principles governing the making of an insurance claim.
- Understand how losses are measured and how the principle of indemnity applies to insurance claims.
- Understand how the principles of subrogation and contribution apply to insurance claims.
11
Insurance products and/or processes (technical)
Verified
Key Learning Objectives:
- Understand the key technical aspects of the insurance product(s) and / or related process(es) within your organisation*
- Understand the regulation relating to the selected insurance product(s) and / or process(es) within your organisation
- Understand the influences of the regulatory and commercial environment on the selected insurance product(s) and / or process(es) within your organisation*the product(s) and / or process(es) selected must be different for CD2 and CD3.
12
Liability insurances
Verified
Key Learning Objectives:
- Understand the identification, evaluation and management of liability risk.
- Understand the main considerations of liability underwriting.
- Understand the risk, cover and practices of employers’ liability insurance.
- Understand the risks, cover and practices of public and product liability insurance.
- Understand the risks, cover and practices of directors’ and officers’ liability and corporate reimbursement insurance.
- Understand the risks, cover and practices of professional indemnity insurance.
13
Life, critical illness and disability claims
Verified
Key Learning Objectives:
- Understand the claims department and the main claim types.
- Understand the initial claim considerations.
- Understand the main claims assessment tools and their application.
- Know how to determine the validity of claims.
- Understand medical aspects of claims assessment.
- Understand financial assessment of income protection claims.
- Understand rehabilitation of claimants.
- Understand legal and regulatory issues.
14
Life, critical illness and disability underwriting
Verified
Key Learning Objectives:
- Understand the mechanics of life and disability underwriting.
- Understand the features of the major systems of the body and the underwriting approach to disorders and diseases.
- Understand non-medical risk factors.
- Understand the impact of legal and regulatory considerations.
15
Long-term insurance business
Verified
Key Learning Objectives:
- Understand the structure of the long-term business market.
- Understand long-term business contracts.
- Understand risk assessment and control.
- Understand claims administration.
- Understand reassurance.
- Understand consumer protection.
- Understand taxation considerations.
16
Marine hull and associated liabilities
Verified
Key Learning Objectives:
- Understand the principal elements of shipping and world trade.
- Understand the legal and regulatory environment of shipping.
- Understand the key provisions of the Marine Insurance Act 1906.
- Understand and apply key underwriting considerations in marine insurance.
- Understand the scope of cover under marine hull, liability and related insurances.
- Understand the scope of protection and indemnity (P&I) insurance and how it is provided.
- Understand claims investigation, handling and settlement procedures in marine insurance.
17
Motor insurance
Verified
Key Learning Objectives:
- Understand the nature of motor risk and the main factors that impact on it.
- Understand the scope of cover provided by motor policies.
- Understand the main practices of motor insurance.
- Understand risk perception, evaluation and underwriting of motor insurance.
- Understand the claims considerations and procedures of motor insurance.
18
Personal insurances
Verified
Key Learning Objectives:
- Understand the general market practices of personal insurances.
- Understand the policy cover, underwriting and rating considerations of household insurances.
- Understand the policy coverage, underwriting and rating considerations of other personal insurance products.
- Understand the claims notification, investigation and settlement procedures for personal insurances, including relevant case law.
- Understand the main aspects of the business environment of personal insurances.
19
Private medical insurance practice
Verified
Key Learning Objectives:
- Understand the relationship between public and private medical provision.
- Understand private medical insurance products and principles.
- Understand the application of pricing and underwriting for private medical insurance.
- Understand the application of claims and policy administration.
- Understand legislation and regulation in relation to private medical insurance.
- Understand the distribution of private medical insurance.
20
Reinsurance
Verified
Key Learning Objectives:
- Know the purpose of, and the partiesinvolved in, reinsurance.
- Understand the different types ofreinsurance.
- Understand the features and operationof facultative reinsurance.
- Understand the features and operationof proportional reinsurance treaties.
- Understand the features and operationof non-proportional reinsurancetreaties.
- Understand the design and placementof reinsurance programmes.
- Understand legal issues relating toreinsurance.
- Understand reinsurance contractwordings.
- Understand the main features andcharacteristics of the principalreinsurance markets.
- Understand the principles andpractices of different classes ofreinsurance business.
21
Underwriting practice
Verified
Key Learning Objectives:
- Understand key influences of the regulatory and commercial environment on underwriting.
- Understand key aspects of underwriting policy and practice.
- Understand how statistical data is used for underwriting.
- Understand the principles and practices of risk pricing.
- Understand risk exposure and control.
Regulatory & Verification Details
- Qualification Number (QN)
- 601/2521/4
- Regulated Status
- Available to learners
- Awarding Body
- CII
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Feb 2014