CII and Cass Launch “Insurance University”

June 29, 2004

The U.K.’s Chartered Insurance Institute (CII) and Cass Business School have created an “Insurance University,” aimed at improving the “performance of the management talent in insurance and provide a demonstrable industry career path for graduates.”

The two organizations signed a Memorandum of Understanding last Friday, June 25, which “lays the foundation for the development of the joint venture.” They eventually hope to create an “internationally recognised centre of excellence for education and post-graduate qualifications in insurance,” which will “underpin the Lloyd’s and the London Market insurance brand.”

Four propositions have been developed for those who have completed their CII Associateship (ACII):
— A specifically tailored MSc in Insurance
— An MBA relevant to Insurance Management and Leadership
— Executive and senior executive development programmes
— A world class research function.

CII Director General Dr. Sandy Scott commented: “I have heard it said for far too long that there is a dearth of new talent entering our industry. This initiative is a substantial part of the answer. It will make insurance a significantly more attractive career option for quality school leavers and graduates and create an industry talent pool to rival any other sector of our economy.

“Graduates and school leavers joining the industry will now be able to look forward to a continuous professional career development pathway.”

Professor Chris Brady, Associate Dean at Cass Business School added: “This combination of the two leading organisations in the field of insurance education and qualifications enhances their credibility as a world class business school and centre of excellence in the development of executive capability. This will be of immense benefit to insurance executives and the industry as a whole.”

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