International Insurance Certifications in India - CPCU or CII or LOMA/FLMI

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Chartered Property Casualty Underwriter (CPCU)
Chartered Property Casualty Underwriter (CPCU) is a professional designation in property-casualty insurance and risk management. The curriculum includes 8 courses covering insurance contracts, business, and ethics. Designees must pass exams in 5 core courses and 3 courses in either a personal or commercial insurance concentration. CPCU designees are also bound by a Code of Ethics. The CPCU designation is administered by the American Institute of Chartered Property Casualty Underwriters.

Five core courses:
CPCU 510 Foundations of Risk Management, Insurance, and Professionalism
CPCU 520 Insurance Operations, Regulation, and Statutory Accounting
CPCU 530 The Legal Environment of Insurance
CPCU 540 Business and Financial Analysis for Risk Management and Insurance Professionals
CPCU 560 Financial Services Institutions

Commercial Concentration (with personal survey)
CPCU 551 Commercial Property Risk Management and Insurance
CPCU 552 Commercial Liability Risk Management and Insurance
CPCU 553 Survey of Personal Risk Management, Insurance, and Financial Planning

Personal Concentration (with commercial survey)
CPCU 555 Personal Risk Management and Property-Liability Insurance
CPCU 556 Personal Financial Planning
CPCU 557 Survey of Commercial Risk Management and Insurance

Source - http://www.aicpcu.org/ & PW.com

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Chartered Insurance Institute (CII)
The Chartered Insurance Institute (also known as the CII) is a United Kingdom based professional organisation for those working in the insurance and financial services industry.

The Institute provides accreditation and professional qualifications to UK and International members. Current (designated) qualifications include (in ascending level order); Cert CII, Dip CII, ACII & FCII (Chartered). These titles may be used by any person upon completion of the required level of qualification and confirmation from the institute.

Membership fees -

	UK Monthly Fee	UK Annual Fee
Cert CII	£8.50	£102
Dip CII	£10.84	£130
ACII	£11.34	£136

More Details go to -
http://www.cii.co.uk/cii/membership/prices.aspx
http://www.cii.co.uk/app/membership/...&code=Cert+CII

Plus for new and reinstating members a one-off joining fee of £36 is also payable.

Exam Fee – Exam happens two times in an year April and October. Fee for exam is as follows -


How many papers are necessary -
For Certificate CII - To achieve the Certificate in Insurance you must accumulate a minimum of 40 credits. Each subject at Certificate Level is for 15-20 credits, which means that you might have to appear for three subjects. Example- (IF1) Insurance, legal and regulatory – 15 credits
For Diploma CII - You need to get 110 credits. Each subject at Diploma Level is for 20-25 credits, which means that you might have to appear for 4-6 subjects.

More specific info is available at CII website :
http://www.cii.co.uk/generalinsuranc...tem=1&sect=272

Total Fee for One Person for Cert CII -
1. One-off joining fee = £36
2. UK Annual Fee = £102
3. Course material = £208
4. Exam Fee = £264 (£88 per paper)Time taken - Depends on your preparation and attempts. If you give all exams in one shot and clear it, it is a matter of months only.

Link -
1- http://www.cii.co.uk/downloaddata/20...t_brochure.pdf
2- http://www.cii.co.uk/cii.aspx

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Fellow, Life Management Institute® (FLMI) / LOMA
The award-winning FLMI Program is a 10-course, professional development program that provides a comprehensive business education in the context of the insurance and financial services industry. Established in 1932, the FLMI Program is the world’s largest university-level education program in insurance and financial services. More than 80,000 students throughout the world have earned the FLMI designation. The FLMI Program has received worldwide recognition.

About the Program
The FLMI curriculum provides key knowledge of how this complex industry operates and an individual's role in the industry’s continued strength in the global economy. The 10 courses provide a comprehensive business education in the context of the insurance and financial services industry. To earn the FLMI designation, students must successfully complete 10 self-study courses.
The FLMI program features a solid introduction to industry terms, functional areas, processes, and area and product-specific knowledge in marketing, administration, and financial reporting.

Who Should Enroll
FLMI courses provide a foundation of insurance knowledge to foster your success in the insurance and financial services industry and teach the principles of business in a framework of policies, practices and examples relevant to
the financial services industry, with a focus on life insurance within that industry.

By earning the FLMI designation, you will demonstrate significant commitment to the industry and your career, distinguish yourself as an industry expert and excel with the specialized knowledge you possess.
Other Additional Statistics:
90% state earning a LOMA designation helped their career
75% apply knowledge gained through LOMA courses to their jobs
60% believe their LOMA designation enhances their credibility
55% were promoted after earning a LOMA designation

FLMI Courses
Level I—Fundamentals of Life and Health Insurance
This introductory level of the program is designed to give you a foundation of knowledge to foster your success in the life and health insurance industry. Two courses comprise FLMI Level I.
LOMA 280—Principles of Insurance: Life, Health & Annuities
LOMA 290—Insurance Company Operations

Level II—Functional Aspects of Life and Health Insurance
This advanced level is designed to further your career development by providing a detailed understanding of business concepts with the emphasis on life and health insurance, financial services, and related subjects.
LOMA 301—Insurance Administration
LOMA 311—Business Law for Financial Services Professionals
LOMA 316—Business Law for Financial Services Professionals (Canada)
LOMA 320—Life and Health Insurance Marketing
LOMA 330—Management Principles and Practices
LOMA 351—Financial Services Environment
LOMA 356—Investment Principles and Institutional Investing
LOMA 361—Accounting and Financial Reporting in Life Insurance Companies
LOMA 371—Managing for Solvency and Profitability in Life Insurance Companies

Program Update
LOMA 310 and LOMA 315 have been replaced in the FLMI Program curriculum with LOMA 311—Business Law for Financial Services Professionals and LOMA 316—Business Law for Financial Services Professionals - Canada. Students who already have credit for LOMA 310 or LOMA 315, which are no longer offered, will automatically receive FLMI credit for the Law course.
When you successfully complete LOMA 280 and LOMA 290, you will receive a personalized certificate of completion for Level One. Once you have completed all 10 courses, you will earn the prestigious FLMI designation.

How to Enrol
Simply log in to LOMANET, LOMA’s internet-based system that allows students and training administrators to access student information, monitor progress, and enrol for exams. Visit LOMANET at www.lomanet.org and create an account today!

For More Information
Contact your company’s LOMA Educational Representative or contact LOMA's Office of the Registrar.
LOMA's Office of the Registrar
Phone: 800-ASK-LOMA (Option 1) / 770-984-3761
Fax: 770-984-6415
E-mail: education@loma.org

Source - loma.org & PW.com