CII: new exam framework
The Chartered Insurance Institute announced a new flexible framework of qualifications at its confer...
The Chartered Insurance Institute announced a new flexible framework of qualifications at its conference, following detailed consultation with the insurance industry.
Under the new modular-based system, which will replace the existing structure, candidates will have to earn set amounts of credits, rather than pass certain exams. The value of credits per subject differs according to the complexity and level of assessment.
Current CII exam students will be transferred to the new framework, which will be implemented in 2004. Existing subjects have been incorporated within the new structure.
The CII expects the government to provide funding for some of the qualifications and is currently consulting on how brokers will be able to apply.
Dr Sandy Scott, director general of the CII, said: "The government has set aside about £19m for skills councils across all sectors of the economy."
"We are waiting for an announcement of how the funding will be circulated but in the past we have distributed the cash for similar government initiatives."
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