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Chartered Insurance Institute
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Developing specialist insurance market knowledge

Each year we enrol candidates at the start of January and July but high demand for this dissertation based unit means that spaces are limited. This is because of the amount of work involved in assessing and accepting proposals and in marking and moderating completed dissertations, all of which are undertaken by experienced insurance market practitioners.

This is an advanced level qualification, specifically designed for those working in the insurance market. It is ideally suited to insurance market practitioners who wish to develop their research skills and apply them in a specific subject area of relevance to the insurance market. The unit requires study at a level equivalent to Masters degree learning, reflected by the award of 50 credits on completion, and as such we would advise entrants not to under estimate the demands associated with its completion and to fully familiarise themselves with the available (994) CII Certificate in Insurance Market dissertation guidelines and instructions in advance of entry.

Read the Certificate in Insurance Market Specialisation specification »

Before purchasing this product please ensure that you have conducted sufficient research and have a clear idea regarding the scope of your research proposal and the research resources available. Ideally the subject matter chosen should be capable of being researched through relevant interviews and be supported by a wide range of quality sources.

The Certificate is achieved by passing one unit - (994) Certificate in Insurance Market Insurance Specialisation - which is assessed by dissertation.

Candidates submit a 10,000-11,000 word dissertation, on a topic of their choosing that is relevant to the insurance market and must be completed within 18 months from the time of enrolment.

The Certificate in Insurance Market Insurance Specialisation will allow you to:

  • create learning matched precisely to your job role, responsibilities and aspirations;
  • develop your knowledge of issues particularly relevant to insurance market practitioners;
  • gain real understanding of a key chosen topic through in-depth research and analysis, with potential to add business benefits for your employer; and
  • indicate to your employer, clients and peer group your commitment to professional development, helping you achieve your career ambitions.

Upon successful completion of the unit you will also be awarded 50 Advanced Diploma level credits which can be used to count towards completion of other CII insurance qualifications, such as the Diploma and Advanced Diploma in Insurance. The qualification is regulated at Level 7 in the Ofqual Regulated Qualifications Framework (RQF).

Full details on what the dissertation involves together with Frequently Asked Questions can be found in the 'This qualification in detail' links on the right.


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.

Assessment methods include:

  • Multiple-choice exams - the assessment method for Award, Certificate, and Diploma in Regulated Financial Planning units R01-R05 assessed in the UK. Exams are delivered on-screen at a network of over 40 public centres across the UK. Sittings are available year-round, often on a weekly basis.
  • Written exams - the assessment method for some Diploma and Advanced Diploma units and all units examined outside the UK. Sittings are typically available twice-yearly in April and October at over 50 public centres throughout the UK and over 120 public centres outside the UK.
  • Coursework assessment - available for a select number of Advanced Diploma in Insurance units, Advanced Diploma in Financial Planning unit (AF6) Senior management and supervision and financial services unit (J09) Paraplanning, coursework assessment involves the completion of three written assignments during a 12 month period.
  • Mixed assessment - available for a number of Diploma in Insurance units and all Diploma in Insurance units by April 2018 (unit codes begin with the letter M). This involves the successful completion of both a coursework assignment and a multiple-choice exam. This has an 18 month enrolment period.
  • Dissertation assessment - available for Advanced Diploma units (991) London market insurance specialisation and (994) Insurance market specialisation. This involves the submission of a dissertation proposal and an 11,000 word dissertation. This has an 18 month enrolment period. 

Find out more

It is essential that candidates familiarise themselves with the guidelines and instructions which are shown on the CII website under the relevant units. In addition candidates should familiarise themselves with the coursework and dissertation policies as well as exam policies (before the assessment) and notes to results (after the assessment).

Ofqual RQF level 7

RQF Level 7

The Certificate in Insurance Market Specialisation has been developed for the broader insurance community and is recognised at Level 7 on the Ofqual Regulated Qualifications Framework (RQF). 

The CII is committed to seeking external validation of its qualifications by registering them with Ofqual in the Regulated Qualifications Framework (RQF), the regulator of qualifications, exams, and tests in England. Each registered qualification has a formally specified level.  
Candidates at Level 7 must be able to reformulate and use relevant understanding, methodologies and approaches to address problematic situations that involve many interacting factors. It includes taking responsibility for planning and developing courses of action that initiate or underpin substantial change or development, as well as exercising broad autonomy and judgement. It also reflects an understanding of relevant theoretical and methodological perspectives, and how they affect their area of study or work.

As a guide to the level of difficulty this indicates, a Master's degree is also at Level 7 on the RQF.

How you are tested


(994) Insurance market specialisation is assessed by completion of a 10,000-11,000 word dissertation.

Before submitting the final dissertation, you will submit a proposal document, which will include: an outline of your proposed topic, the aims and objectives, and your research and project plans.

Once your proposal has been approved, you will proceed to completion and submission of the final dissertation. Both the proposal and dissertation are assessed by a panel of insurance market and subject matter experts, with marks allocated for the following areas:

  • Knowledge and understanding
  • Application and analysis
  • Coherent structure
  • Evidence of the use of relevant examples and/or further reading to support answer.

Recognition of prior learning

Although recognition of prior learning is available to count towards many CII qualification units, recognition of prior learning to count towards the Certificate in Insurance Market Specialisation, or its unit (994) Insurance market specialisation, is not available.

Due to the highly individualised nature of the dissertation, it is not practical to establish a match with a dissertation you may have completed as part of another qualification - therefore applications to award (994) Insurance market specialisation through recognition of prior learning cannot be accepted.

Read the full guidance on the rules and requirements and application process for recognition of prior learning>>

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.


Insurance market specialisation


To develop the ability to conduct rigorous insurance or reinsurance related research that contributes to the insurance industry knowledge.

Summary of learning outcomes

1. Formulate a research question or problem in an area of interest that would be relevant to the London Insurance Market

2. Apply appropriate research methodology

3. Draft a research proposal

4. Conduct research for the dissertation

5. Write the dissertation