- Newslink Global Insurance Trends-The Week
- Lloyd's first half aggregated market profit £0.6bn-combined ratio improves, investment income drops
- Standard & Poor's reports on Monte Rendez-Vous
- LMA launches new report-"InsurTech-led change in the Lloyd’s Market"
- Willis Towers Watson report says 71 InsurTech funding transactions in second quarter a record but $579m invested down 20%
- Over twenty insurance sector start-ups set to unveil their intention to form an alliance known as Insurtech UK.
- Accenture survey indicates financial services firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year expired
- RMS and Cambridge Centre for Risk Studies(CCRS) announce the release of a new Data Definitions Document v1.0 for 14 different classes of insurance exposure which covers an estimated $554tr of total insured limits globally expired
- Willis Towers Watson announces Property Quantified, a first-of-its-kind technology platform to help organisations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies expired
- CII reduces gender pay gap expired
- ABI commissions new report-"Tackling the gender seniority gap: what works for the insurance and long-term savings industry" expired
- SSP becoms a signatory of both the Inclusive Behaviours in Insurance Pledge and the Tech Talent Charter expired
12th September 2018
CII launches the Society of Insurance Broking-the first of its dedicated Societies
As part of its strategic manifesto commitment to become a more relevant and diverse professional body, the Chartered Insurance Institute (CII) has launched 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. 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 and 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, comments “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.”
Foster 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, added “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 visit www.sib.org.uk
CII Trends(254 articles)