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CII Developments Julie Hicks Area Marketing Manager Chartered Insurance Institute
The CII Change in learning Qualifications Chartered status Other initiatives Questions
Not just insurance…
CII worldwide membership
The CII • World’s largest professional body for insurance and financial services
• 120,000 members, in over 150 countries
32,748
16,900 7,816
20,993
5,458
CII
Ordinary Cert Dip ACII FCII
5,168
5,367
20,100
3,034
1,888
PFS
Student CertPFS DipPFS APFS FPFS
Membership useful to career • Top 3 reasons for joining:
– Studying for a CII qualification
– Work in the profession
– To use a designation/title
• Top 3 reasons for progressing qualifications:
– Improve knowledge and understanding
– Enhance career prospects
– Demonstrate competence
Changing nature of education Traditional
Training The hard way Too much and I’ll leave
Required to keep me
Continuous and expected – on demand
Learning style
Classroom Facilitated (Classroom)
Independent Collaborative and networked
Technology use
Uncomfortable Unsure Unable to work without it
Unfathomable if not provided
Feedback No news is good news
Once per year Weekly On demand and nurturing
Problem-solving
Hierarchical Horizontal Independent Collaborative
Commun-ication style
Top down Guarded Hub and spoke
Collaborative
Source: Lancaster, L.C. and Stillman, D. When Generations Collide: Who They are. Why They Clash. How to Solve the Generational Puzzle at Work. Wheaton, IL. Harper Business.
SELECTED ISSUES
• Supply side – Classrooms including cloud computing, game-
based learning, mobile learning, learning analytics, open content
– Use of technology (smartphone, tablet, e-reader, games console) to connect people and knowledge
– Growth in distance learning and blended learning
• Demand side: how students learn – University experience has changed massively in
recent years – more to come (OCW, MOOC) – 96% of US universities offer some courses
online, 93% of US teachers believe online tools improve impact, huge growth rate in online enrolment
– Corporate buyers largely unaware (unless via kids)
• Tuition fees impact
– Return of apprenticeships: companies offer non-graduate entry
– May take years for genuine market to emerge
• School reforms – Greater diversity of
provision (academies, free schools) – no LA control
• Other trends – Relaxation of rules around degree-
awarding powers – Poor evidence base on training
effectiveness; so procurement often non-rational
Emerging
Delivering relevant qualifications • Modular, progressive and compliant
• Meets the needs of individuals and employers
• Practitioner-led: by the market, for the market
• Continuing evolution: consultation is king
• Vocational & academic = the professional solution
General insurance
• Completion requirements FS credits >50% at qualification level
• Assessment methods – Coursework – Mixed assessment
• New subjects
Advanced Diploma
Diploma
Certificate/Award
Financial services
• New subjects
• Assessment methods – Coursework
• New markets/sectors
– Life and Pensions
Advanced Diploma
Diploma
Certificate/Award
Why Chartered?
• Granted in the public interest
• Implies status and engenders public trust
• Broad recognition
Chartered Titles • Individuals
– Chartered Insurer – Chartered Insurance Broker – Chartered Insurance Practitioner – Chartered Financial Planner
• Corporate
– Chartered Insurers – Chartered Insurance Brokers – Chartered Financial Planners
Growth of Chartered • Chartered Firms: 29 Insurers, 137 Brokers, 676 Financial Planners
• 22,063 Individuals
16000
17000
18000
19000
20000
21000
22000
23000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Changes to Corporate Chartered
• Contract that will formalise rights and obligations
• Stronger oversight and improved governance requirements
• Clearer and more precise criteria centred around competence, conduct and culture.
Member services • Increased local CPD delivered via the local institutes
• Enhanced, expanded technical CPD offering through Faculties
• Local institute audio CPD initiative
• Expanded knowledge services
• IT investment bringing technological enhancements to reality, including: – Choice-driven communications – Virtual communities
CPD app
CII Jobsite www.ciicareers.co.uk
CII Jobsite www.apprentices.cii-talent.com
Insurance made simple www.askciindy.com
So.....
Today’s learning objectives
You should now be able to:
• Outline who the CII represents today • Describe some of the changes to the CII’s qualifications framework • Identify the latest CII initiatives