CII reports loss for 2020 due to "significant" pandemic impact
The professional body also saw a drop in membership numbers during the year.
The Chartered Insurance Institute (CII) has reported a loss of £4.9m in 2020, down from a profit of £1.6m in 2019.
In addition, its financial statement for 2020 also showed that operating income fell from £45.2m in 2019 to £36.9m in 2020.
The CII also reported a deficit before tax of £3.8m in 2020, compared to a surplus before tax of £2.8m in the preceding year.
The professional body stated that the pandemic had “significantly reduced” its ability to generate income in 2020, with the main
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