The objective of this unit is to demonstrate knowledge and understanding of cargo and goods in transit risks and their insurance.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

Cargo and Goods in Transit Insurances (M90) deals with the insurance of goods in transit from consignor to consignee anywhere in the world.

Cargo insurance is the insurance of the goods against loss or damage and is related directly to the value of those goods. The study text includes the main internationally recognised London marine clauses that provide cover, as well as those clauses designed for specific types of goods.

Goods in transit insurance covers the legal liabilities of the bailees of those goods while they are in their possession for the purposes of delivering them from consignor to consignee — from the seller to the buyer.

This text covers legal liabilities and the insurance available to the owner of the goods in transit from the premises of the seller up to delivery at the premises of the buyer. International conventions including the Hague-Visby Rules, the Hamburg Rules, the CMR Convention and the CIM Convention are considered.

It looks at goods typically traded, the risks they are exposed to and finally claims considerations and practices associated with both cargo and goods in transit insurances.

Building a successful career in insurance

This course is ideal for anyone looking to gain knowledge and understanding of cargo and goods in transit insurances to build a successful career in the insurance profession or in a support function. Cargo and Goods in Transit Insurances (M90) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.

Summary of learning outcomes 

1. Understand the business environment of shipping and world trade.
2. Understand the legal and regulatory environment of cargo and goods in transit risks.
3. Understand the scope of cover for cargo.
4. Understand the scope of cover for haulage contractor’s liability.
5. Understand the underwriting of cargo and goods in transit insurance.
6. Understand claims considerations and procedures for cargo and goods in transit.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 60 minute exam comprising 50 multiple-choice questions (MCQs)
• 60% coursework pass mark
• 65% exam nominal pass mark
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)

The objective of this unit is to develop knowledge and understanding of the fundamental principles and practices of commercial property and business interruption insurances.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

Commercial Property and Business Interruption Insurances (M93) focuses on the main risks to commercial property; policy cover and market practices of commercial property and business interruption insurances, and; risk perception, assessment and underwriting issues associated with these types of insurance.

Its broad scope will be relevant to those working in a wide range of roles including underwriting, claims, surveying and broking.

At this stage in your studies it is likely that you are already working in the insurance market and may well have a good understanding of how the commercial insurance market operates. 

Building a successful career in insurance

This course is ideal for those looking to gain knowledge and understanding of commercial property and business interruption insurances to build a successful career in the insurance profession or in a support role. At this stage in your studies it is likely that you are already working in the insurance market and may well have a good understanding of how the commercial insurance market operates. 

Commercial Property and Business Interruption Insurances (M93) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.

Summary of learning outcomes 

1. Understand the risk and control of fire, theft and other contingencies to property and business interruption.
2. Understand the cover provided by and main practices of property insurance.
3. Understand the cover provided by and main practices of business interruption insurance.
4. Understand the underwriting of property and business interruption insurance.
5. Understand how property and business interruption insurance claims are handled.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 1 hour exam comprising 50 multiple-choice questions (MCQs)
• 60% coursework pass mark
• 65% exam nominal pass mark
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)

The objective of this unit is to develop in the candidate an understanding of delegated underwriting authority from the perspective of all participants, including the setting up, successful management and development of business.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

The usefulness of the ability of an organisation to use external resources to assist it in the running of its business is universally recognised and is not focused on the insurance business alone.

What this study text looks at is the very specific decision that insurers can take to delegate any authority to another entity. It considers the risks and benefits to both, and the operational considerations that should be taken into account, both before such a relationship is set up and during its lifetime. This study text will not consider the wider concept of outsourcing of functions generally within a business.

Please note before you start your studies, it is helpful to ensure that you clearly understand the definition of certain terms and phrases provided in the introduction to the study text.

Building a successful career in insurance

This course is relevant for anyone seeking to develop their knowledge and skills for a rewarding career in the insurance profession or in a support role.

Delegated Authority (M66) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.

Summary of learning outcomes 

1. Understand the business benefits and risks for the use of delegated authorities.
2. Understand the legal and regulatory framework related to delegated authorities.
3. Understand the setting up of delegated authorities.
4. Understand contracts of delegation and contracts of insurance.
5. Understand the management of underwriting by the coverholder/managing general agent (MGA).
6. Understand the management of claims by the coverholder/MGA.
7. Understand key business support functions within the coverholder/MGA.
8. Understand the monitoring and auditing of the delegated authority by the insurer.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 60 minute exam comprising 50 multiple-choice questions (MCQs)
• 60% coursework pass mark
• 65% exam nominal pass mark
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)

The objective of this unit is to explore the principles of risk management and the role of insurance within these principles.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

Fundamentals of Risk Management (M67) explores how people and organisations can anticipate and deal with risk and uncertainty. How a formal structure can help to identify risks, establish how often they are taken, and measure potential consequences if risks materialise. Then we look at risk management, how risk taking can be avoided or reduced, and what can be done to soften the effects when a risk goes wrong. Finally, we study some examples of well-publicised major losses to see what lessons can be learnt.

Building a successful career in insurance

This course is ideal for anyone seeking a career in insurance or looking to gain knowledge and understanding of the fundamentals of risk management and develop their knowledge and skills for a rewarding career in the insurance profession or in a support role.

Fundamentals of Risk Management (M67) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.

Summary of learning outcomes 

1. Understand the meaning of risk.
2. Understand the role and purpose of risk management
3. Understand the core elements of the risk management process.
4. Understand the different categories of risk.
5. Understand current trends in risk management.
6. Understand the position of insurance within risk management.
7. Understand the key risk management lessons learnt from major loss events.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 60 minute exam comprising 50 multiple-choice questions (MCQs)
• 60% coursework pass mark
• 65% exam nominal pass mark
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)

The objective of this unit is to develop knowledge and understanding of the fundamental principles and practices of Insurance business and finance practice.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered  on RevisionMate.
• Assessment entry.

Insurance Business and Finance (M92) provides an understanding of the core principles relating to insurance business and finance.

Corporate governance, for example, is one of the most talked about topics in business today and the requirement to promote good corporate governance both within and outside financial services is increased attention worldwide.

This study text will give you an understanding of the principles and practices of financial accounting, how this function relates to the other activities carried out in a business, and how specific aspects impact on insurance companies.

Building a successful career in insurance

This course is ideal for those looking to gain knowledge and understanding of insurance business and finance to build a successful career in the insurance profession or in a support role.

Insurance Business and Finance (M92) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations. 

Summary of learning outcomes 

1. Understand the structure of the insurance profession.
2. Understand the management of insurance businesses.
3. Understand the main aspects of corporate governance.
4. Understand the role of the various functions within insurance organisations.
5. Understand accounting principles and practices and their application.
6. Accounting standards and insurance company accounts.
7. Analyse businesses using financial ratios.
8. Understand the financial strength of insurance companies.

Plus 25 case study-related questions from learning outcomes 1 to 8.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 90 minute exam comprising 25 multiple-choice questions (MCQs) and 5 case studies each comprising 5 MCQs
• 60% coursework pass mark
• 65% exam nominal pass mark
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)

Revision aids available

The revision aids available for this unit are listed below. You can find more details about these here.

• Key Facts Booklet

The objective of this unit is to develop knowledge and understanding of the fundamental principles and practices of liability insurances practice.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered on RevisionMate.
• Assessment entry.

Liability Insurances (M96) focuses on assessing and managing liability risks; employer's, public and product, specialist and directors' and officers' liability, and; professional indemnity insurance.

Liability insurance provides an indemnity to the insured in respect of their legal liability to other parties. Such obligation to reimburse a third party must arise as a consequence of a breach by the insured of certain rights of the third party. The main purpose of liability insurance is to compensate the victim and at the same time to protect the wrongdoers from the financial consequences of their negligent acts or omissions, breach of statutory duty, and trespass or nuisance, with the added benefit of having a professional party (the insurer) handling the claim.

Building a successful career in insurance

At this stage in your studies it is likely that you are already working in the insurance market and may well have a good understanding of liability insurance. This course is ideal for anyone seeking to develop their knowledge and understanding if liability insurances to build a successful career in the insurance profession or support function. Liability Insurances (M96) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.

Summary of learning outcomes 

1. Understand the identification, evaluation and management of liability risk.
2. Understand the main considerations of liability underwriting.
3. Understand the risks, cover and practices of employers’ liability insurance.
4. Understand the risks, cover and practices of public and products liability insurance.
5. Understand the risks, cover and practices of directors’ and officers’ liability and corporate reimbursement insurance.
6. Understand the risks, cover and practices of professional indemnity insurance.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 1 hour exam comprising 50 multiple-choice questions (MCQs)
• 60% coursework pass mark
• 65% exam nominal pass mark
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)

The objective of this unit is to develop knowledge and understanding of the fundamental principles and practices of motor insurance practice, including the different types of motor risk and the compulsory insurance requirements.

The default Enrolment option for this unit includes:

• Latest version of the core learning content, in digital format only, delivered via RevisionMate.
• Assessment entry.

Motor Insurance (M94) provides an understanding of the risks faced by the various types of motor vehicles and the legal requirements associated with motor insurance. It includes relevant case law and an overview of the different types of motor insurance products available from the general insurance market in the UK.

The study text considers the nature of motor risk and the scope of cover provided by motor policies. It looks at the main practices of motor insurance, underwriting and the claims considerations and procedures.

Key legislation governing motor insurance, the Road Traffic Act (RTA), is also examined and the impact of European legislation on UK laws and the provision of motor insurance. The role of the Motor Insurers' Bureau (MIB) in tackling uninsured and untraced drivers is covered including the levels of protection offered.

Building a successful career in insurance

This course is ideal for anyone seeking to gain knowledge and understanding of motor insurance and how this competitive insurance market operates. This subject is also relevant for anyone involved in the insurance profession or a service provision capacity.

Motor Insurance (M94) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.

Summary of learning outcomes 

1. Understand the nature of motor risk and the main factors that impact on it.
2. Understand the scope of cover provided by motor policies.
3. Understand the main practices of motor insurance.
4. Understand risk perception, evaluation and underwriting of motor insurance.
5. Understand the claims considerations and procedures of motor insurance.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 1 hour exam comprising 50 multiple-choice questions (MCQs)
• 60% coursework pass mark
• 65% exam nominal pass mark
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.

Study material - editions available

2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)