Cookies on the CII website

By using and browsing the CII website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Chartered Insurance Institute
Recently added to my basket
 
Sorry but there was an error adding this to your basket. Please try adding it again
 

 

Designed in consultation with London Market practitioners, the CII Level 3 Award in London Market Insurance provides an essential grounding for new entrants to the market, or those who have dealings with it.  The Award provides a broad understanding of insurance process and practice across the London market as well as detailed understanding of technical topics.

Read the Award in London Market Insurance specification

Who it's for

  • Employees of London Market insurers and reinsurers;
  • Employees of broking firms placing business in the London Market;
  • Lloyd's managing agents and Lloyd's members' agents;
  • Coverholders anywhere in the world whose business is underwritten in London; and
  • Professional service organisations such as lawyers, accountants, actuaries and loss adjusters. 

Recognition of prior learning

Before starting study, check to see whether any of your previous academic qualifications or credits from other professional bodies and institutes can be carried towards completion of the Certificate.

Find out more about recognition of prior learning »

Completion requirements

The Award comprises two compulsory unit from the CII insurance qualifications framework, providing a total of 25 credits upon successful completion.  

  • (LM1) London market insurance essentials; (10 credits) and
  • (LM2) London market insurance principles and practices (15 credits).

Read the ‘Key information’ overlay to the right of this page for full details.

Assessment method

Award level units are assessed by multiple choice question exam (MCQ). For online MCQ exams result notification is immediate on completion. For paper-based MCQ exams, results are released five weeks' following the exam sitting.

Find out more about assessment, including policies and centres »

Learning Support

Each qualification unit comes with a study package included, equipping you with the essential tools to support core learning. For a single fee, study packages typically include: study text, assessment entry and access to RevisionMate our online study tool.

We also offer additional study materials to support individual learning. These range from key fact booklets and next-edition study texts, to question packs and Learn interactive tutorials.

For full availability, click the unit links to the right of this page.

Introduction

CII qualifications involve the completion of one or more units, each covering an individually assessed topic. Assessment methods vary and depend on a unit's level and subject matter.


Study and assessment methods include:

  • Multiple-choice question (MCQ) exam - Study is based on a specified enrolment period, from 01 January – 31 December. MCQ exams are available weekly at UK and select non-UK online exam centres, or twice-yearly in April and October at non-UK paper-based exam centres.
  • Written exams - Study is based on a 12 month enrolment period from the date of purchase. Written exams are held twice-yearly in April and October, with the exception of unit R06 which is tested four times-yearly, at UK and non-UK exam centres.
  • Coursework assessment - Study is based on a 12 month enrolment period from the date of purchase. Three written assignments, each typically between 2,000 - 3,000 words, need to be passed.
    Download Insurance Coursework assessment guidelines and instructions »
    Download Personal Finance Coursework assessment guidelines and instructions >>
    Download Personal Finance Coursework assignment guidelines and instructions »
  • Mixed assessment - Study is based on a 18 month enrolment period from the date of purchase. A combination of a single coursework assignment must be passed within the first six months and a MCQ exam passed within 18 months.
    Download Mixed Assessment guidelines and instructions »
  • Dissertation assessment - Study is based on a 18 month enrolment period from the date of purchase. A dissertation, typically between 10,000 - 11,000 words, on an agreed subject must be submitted.
    Download Dissertation guidelines and instructions »

It is essential that candidates familiarise themselves with the guidelines and instructions. Candidates should also familiarise themselves with the coursework and dissertation policies as well as exam policies before the assessment, and notes to results post-assessment.

This qualification in detail

Key information

Key facts for the Award in London Market Insurance

What does this qualification involve?

The Award comprises two compulsory units from the CII insurance qualifications framework, providing a total of 25 credits upon successful completion.

Candidates are required to take the following compulsory units:

  • (LM1) London market insurance essentials
  • (LM2) London market insurance principles and practices

For unit syllabuses, return to the Award in London market insurance page, and click on the ‘Syllabuses’ link to the right of the page.

Overview of Award-level units:

Unit

Assessment format

Study hours

Credits awarded

 

 

 

 

(LM1) London market insurance essentials

·         1 hour exam

·         50 multiple choice questions

·         70% nominal pass mark

40

10

(LM2) London market insurance principles and practices

 

·         2 hour exam

·         55 multiple choice questions and 4 case studies comprising 5 multiple choice questions

·         70% nominal pass mark

60

15 

Find out more about assessment methods, including exam policies and centres »

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII 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 »

Syllabuses

Assessment information

It is important that candidates entering for a CII assessment familiarise themselves with our service, in particular the rules and procedures that are in place.

Syllabuses

LM1 London market insurance essentials

This unit provides an essential grounding in the workings of the London insurance market and is ideal for anyone starting their career in this area. It can serve as a standalone learning programme for anyone in a support function such as HR or finance, or it can be the first stage of a more in-depth learning pathway for those employed in a more technical role. 

This unit is worth 10 credits at Certificate in Insurance level in the CII qualification framework.

Read about updates that will affect Certificate in Insurance units »

LM2 London market insurance principles and practices

This unit provides a broader understanding of insurance process and practice across the London market.

Read about updates that will affect Certificate in Insurance units »