CIIN gets new examination syllabus

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Chuks Udo Okonta

The Governing Council of the Chartered Insurance Institute of Nigeria (CIIN) has approved the review of the institute’s examination syllabus which will take effect from October 2020.

The new syllabus which was signed by the Director-General of the CIIN, Richard Borokini, covers courses for foundation; intermediate and associateship.

The syllabus stated that for foundation programme, courses such as F01- Insurance, Legal and Regulatory; F02 -General Insurance Business; F03 – Life Assurance, Annuity and Pension; F04 – Business Communications and Information are compulsory, while F05 – Insurance Underwriting Process; F06 – Motor Insurance Products; F07 – Household Insurance Products and F08 – Healthcare Insurance Products are elective.

Candidates are also required to pass four compulsory and one elective, totaling five courses.

Intermediate courses such as I01 – Insurance Law; I02 – Commercial Insurance & Business Interruption Insurance and I03 – Insurance Business and Finance are compulsory, while I04 – Business and Economics; I05 – Business Statistics & Operation Research; I06 – Operational Management; I07 – Marine & Aviation Insurance; I08 – Aviation & Space Insurance and I09 – Insurance Practice & Regulation are elective.

Candidates are required to pass three compulsory and three electives, totaling six courses.
On associateship, courses like, A01 – Risk Regulation and Capital Adequacy; A02 – Reinsurance; A03 – Finance and Accounting are compulsory, while A04 – Principles of Property and Pecuniary Insurance; A05 – Life Assurance; A06 – Motor Insurance; A07 – Liability Insurance; A08 – Risk Management and A09 – Marketing are elective.

Candidates are required to pass three compulsory and three electives, totaling six courses.

According to the new syllabus, candidates are required to pass a total of 17 courses and further specialisation after AC11 status could be in: Special Risk Insurance; Micro-Insurance Practice; Insurance Loss Adjusting; Insurance Broking Practice and Takaful Insurance.

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