The Chartered Insurance Institute (CII) has introduced a new general insurance test, which will be available as part of its membership package.
The Foundation Insurance Test (FIT) has already won t ...
The Chartered Insurance Institute (CII) has introduced a new general insurance test, which will be available as part of its membership package.
The Foundation Insurance Test (FIT) has already won the support of the General Insurance Standards Council (GISC).
The FIT has been designed for young people and comprises 100 multiple-choice questions about the general insurance market, risk, and insurance principles and procedures.
One year's membership, the test and course book will cost £95 if applications are sent before May 31. After that, the price rises to £120. The test and course book alone are £70 for CII members.
The CII plans to run a promotional campaign challenging the industry to demonstrate it "can meet the insurance FITness test".
The CII director general, Dr Sandy Scott, said FIT should become a minimum standard for anyone selling insurance or working in the industry.
"From the exhaust fitter who also sells an insurance service, to someone whose full-time activities are insurance related, FIT will meet initial general insurance knowledge needs," he said.
Only by doing this would consumers see the benefit of dealing with front-line insurance staff "who have a greater understanding of the market as a whole, and who can offer better-informed advice and guidance".
He concluded: "This is vital if the sector is to enhance its public image."
