The CII’s ‘professional’ qualification awarded to experienced and expert market practitioners. Candidates can choose from 46 modules each attracting a designated number of credits. Successful candidates achieve a 290 credit threshold at the culmination of which they will have an enhanced understanding of insurance practice both in terms of technical subjects and overall management skills. Holders are entitled to use the designation ACII and apply for a Chartered title and in due course proceed to Fellowship status.

CII qualification that gives financial advisers a broad understanding of the core disciplines needed to give high quality financial advice. The wide subject choice includes two FSAapproved subjects for regulatory compliance purposes. Pensions (G60) is an approved qualification to be held by a nominated person in a firm that carries out pensions transfer and opt-out business. Investment portfolio management (G70) is a recognised examination for fund management and certain other investment advice activities.

A retrospective financial reinsurance providing cover for past losses that exceed loss reserves and loss portfolio transfer contracts on losses that are incurred but not reported (INBR) and the development on reported losses (IBNER). The premium reflects the net present value of the expected future ceded loss payment and a risk premium in respect of underwriting, timing and investments. The main benefit is that cover facilitates mergers and takeovers by removing the risk of adverse loss developments for the acquiring company.