How Covid-19 has impacted the lives of insurance and finance professionals

CII-outlines-the-assistance-it-has-provided-to-insurance-and-finance-professionals-impacted-by-Coronavirus

The Chartered Insurance Institute’s discount scheme has revealed the impact Covid-19 has had financially on members of the insurance and personal finance profession.

In just one month more than 203 Chartered Insurance Institute members have received a discount code from the professional body to enable them to continue their studies and further their careers during the coronavirus outbreak.

Of those who received the discount in May, 82 had been furloughed or had seen their income materially reduced.

The remaining 121 individuals who requested the discount stated they were self-employed causing their earnings to be significantly impacted by the global pandemic, their employment had been terminated, their employer’s business had collapsed or the offer of a new job had been rescinded.

It was on 1st May that the Chartered Insurance Institute announced a 20 per cent discount on digital learning materials available for both members and non-members who as a result of Covid-19 were furloughed or had seen a material reduction in their income.

The discount, which is available while the government’s furlough scheme remains in operation, applies where the individual's learning costs were not funded or subsidised by their employer.

Gill White, learning and assessment director at the CII, said: "I am pleased that members who have found themselves financially impacted by Covid-19 have been able to use the discount to continue their professional development during the crisis.

“We introduced the discount to assist and support both our members and non-members who want to enrich their skills and develop their knowledge during this health and economic crisis.

"By taking this time to engage in learning we hope our insurance and personal finance professionals are furthering their careers and will be in the best place they can be to assist consumers "

For more information about the discount scheme CLICK HERE

Authored by the CII 

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