Chartered Insurance Institute launches Society of Insurance Broking
As part of its strategic manifesto commitment to become a more relevant and diverse professional body the Chartered Insurance Institute (CII) today launches the first of its dedicated Societies, the Society of Insurance Broking.
In transitioning its faculty of insurance brokers into a Society, the objective is to create a dedicated professional body for those working in the insurance broking sector, offering an enhanced member experience to better engage with those in the sector.
The Society Board, which will provide strategic direction, is comprised of broker practitioners and CII executives. The non-executive Managing Director is announced as Liz Foster of Ingram, Hawkins & Nock, with Kevin Hancock of Yutree Insurance appointed as Chair.
The other Board members are:
- Paul Anscombe, Seventeen Group
- Peter Blanc, Aston Lark
- Mark Crawford, Aon
- Simon Keenan, Griffiths and Armour
- Stephen Lark, Aston Lark
- David McCallum, Brokerbility
- Barry O’Neill, Home and Legacy Insurance Services
- Steve White, British Insurance Brokers’ Association
- James York, Worry+Peace
The core objectives of the Society of Insurance Broking, aligned to the CII’s Royal Charter commitment of engendering consumer confidence and trust, will be to raise professional standards through a focus on professional ethics and culture, good practice guidance, thought leadership and a dedicated programme of continuing professional development.
Keith Richards, Managing Director of Engagement for the CII, commented: “This is a significant new development for the CII and recognises that, whilst we are all part of a united insurance profession, individual segments within our membership have specific needs from a professional standards perspective. Our sector level regulatory engagement has already developed with the FCA committed to working with our Society Board to offer insights and guidance for the market.”
Liz Foster, non-executive managing director for the Society, added: “I am a passionate advocate for professional insurance brokers and I am delighted to be appointed the Society of Insurance Broking’s first non-executive managing director. This is an exciting development in the evolution of the insurance broking sector and gives us the opportunity to address key issues to help ensure improved consumer outcomes and trust by demonstrating the value of the service we provide.”
Mark Hutchinson, Societies and Member Marketing Director for CII, concluded: “There are many people that work in insurance broking that don’t currently see the relevance of CII qualifications and membership to their role; by launching this dedicated Society we want to reach out to them and show them the value and relevance of engaging with the dedicated professional body for their sector.”
Societies dedicated to other sectors of the insurance profession will also be launched over the coming months, including claims and underwriting, complimenting the existing Personal Finance Society and Society of Mortgage Professionals CII sub-brands.
For more information about the Society of Insurance Broking please visit www.sib.org.uk
The Chartered Insurance Institute (CII), the leading professional body for the global financial services profession, exists to promote higher standards of integrity, technical competence and business capability. With over 115,000 members in more than 150 countries, the CII is the world's largest professional body dedicated to insurance and financial services.
Our membership covers all disciplines within the insurance industry (claims, broking, underwriting), those working in the life and pensions sector, the mortgage advice market and financial advisers (under the Personal Finance Society brand).
Our Royal Charter requires us "to secure and justify the confidence of the public" in our members and in the insurance and financial services sector.
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