The insurance industry’s professional educational body open to individuals wholly or mainly engaged in insurance. Examinations lead to the designations of Cert CII, Dip CII and ACII. Fellowship (FCII) is based on knowledge, experience and achievement. The chief objective is to promote efficiency and improvement in insurance practice. There are 90 local institutes in the UK with 50 affiliated institutes overseas. See SOCIETY OF FINANCIAL ADVISERS; DIPLOMA IN INSURANCE; ADVANCED DIPLOMA IN INSURANCE.
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The first Insurance Institute was formed in Manchester. In 1897 the various local institutes then existing formed a federation which later became a Unitary Body to which in 1912 a Royal Charter was granted under the name of the Chartered Insurance Institute. The Chartered Insurance Institute (also known as the CII) is a United Kingdom based professional organisation for those working in the insurance and financial services industries. The institute provides accreditation and professional qualifications to UK and international members. Designated qualifications include (in ascending level order): Cert CII, Dip CII, Advanced Dip CII (ACII-previously called Associate ship CII) and Fellowship CII (FCII). ACII and FCII accredited members are eligible to apply for election to Chartered Insurer status, which is based on experience in the insurance industry alongside these qualifications. These titles may be used by any person upon completion of the required level of qualification and confirmation from the institute.