CII launches consultation on Corporate Chartered proposition
The Chartered Insurance Institute has launched a consultation to seek the views of insurance and personal finance professionals on its current Corporate Chartered proposition. Eleven years on from the launch of the three Corporate Chartered titles; Chartered Insurers, Chartered Insurance Brokers and Chartered Financial Planners, over 900 firms and divisions today hold Corporate Chartered status, publicly demonstrating their commitment to professionalism and its importance for clients.
The criteria were last revised in 2014 but ensuring Chartered is always the badge of trust for consumers and the public means regular review and consultation.
This consultation period will run from 15th August to 24th September 2018 and is looking to address these key areas:
- Eligibility criteria; how firms demonstrate their commitment to professionalism
- Value proposition; do the current elements of Chartered create a valued outcome
- Process; addressing the application and renewal process
- Oversight; partnering with firms to ensure professional standards are upheld
- Expansion; raise awareness of Chartered in the profession and with the Public
Key findings will be published in early 2019 or sooner if concluded.
Commenting on the forthcoming consultation, Sian Fisher, CEO of the CII, said: “These are crucial times for the insurance and personal finance profession, with our recent work on the Public Trust Index highlighting clear areas to address. The CII constantly strives to maintain the standards of professionalism and we’re conscious of the need to always be evolving this support for our membership and the wider sector. This consultation on our Corporate Chartered proposition, is essential to guide and focus our direction of travel.”
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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