NEWS
@ s 4 rawr R01✔CF6✔over the moon to be a fully qualified mortgage adviser!! @CIIGroup #cii #r01 #cf6 #qualifications
@ t heewgro up Beautiful day for our @Ilm Level 7 leadership masterclass. Thanks to @CIIGroup for hosting!
#CIIGroup Twitter
10,864 Followers and counting...
ALLIANZ’S SCHOLARSHIP PROGRAMME
CII REPORT
APPLICATIONS OPEN
FINTECH REPORT LAUNCHED
Following five years of success, Allianz’s awardwinning scholarship programme will open for commercial and personal lines brokers on 5 September. The programme, which has been designed to provide outstanding learning and networking opportunities, actively supports brokers to achieve their Chartered Insurance Institute (CII) Diploma in Insurance in 18 months. Allianz will recruit 30 new scholars to join the programme and begin their studies in January 2017. Nearly 200 brokers have received first-class tuition since Allianz launched its scholarship programme in 2012. At their end of their studies, scholars will also be able to continue their professional development by having exclusive access to the programme’s alumni membership group. Allianz also recently celebrated the success of one of its broker scholars, Eleanor Chisnall, who has been awarded a prestigious CII award. Ms Chisnall, who works for Lark (Group), won the Chubb Insurance Company of Europe prize for her performance in P93 Commercial Property and Business Interruption insurances. The national prize, awarded annually, is presented to the candidate who is judged to have passed with the greatest merit.
SHUTTERSTOCK/RICHARD LEA-HAIR
@ C i c e roG l ob al Delighted to be hosting the launch of our joint #disruptiveinfluences report with @CIIGroup
The CII and Cicero have published the Financial Technology (FinTech) Risk Report, to examine the inherent risks in the growth of FinTech and the impact this will have on wider society. The research identifies that there is a huge opportunity in the application of big data to give insurers more individualised data from which to assess risk. British consumers like risk-based pricing, while the idea that they can cut the cost of their insurance through better behaviour, such as safer driving or adopting a healthier lifestyle, has wide appeal. This also means that those who have inherited medical conditions or have a higher propensity to claim may pay more for cover. David Thomson, director of policy and public affairs at the CII, said: “The volume of consumer data, or ‘big data’, has grown exponentially over recent years – 90% of all the world’s data of all the world’s data has been created in just the has been created in just past two years. It has the potential to be immensely valuable to businesses for numerous reasons but it the past two years also raises serious questions about the personalisation of risk versus the principle of pooled risk. Insurance professionals have a key role to play in recognising the wider impact on society when applying big data and ensure [that] in the need to embrace the new opportunities, the social value of insurance is not undermined.”
90%
QUIZ NIGHT
CII PRESIDENT
INSTITUTE CHARITY QUIZ NIGHT
JOHN MOORE MBE NAMED CII PRESIDENT
The Insurance Industry Charitable Foundation will host its first annual quiz night on 15 September at Balls Brothers in London. Guests are invited to test their knowledge in a battle of wits, all in aid of local charities that help children and young adults learn to read, excel at school and find new employment. Prizes will be awarded to the winning team as well as raffle prizes throughout the evening. → For tickets and information visit: bit.ly/2bDiOBy or www.iicf.org/
The Chartered Insurance Institute’s annual general meeting took place on Thursday 21 July in the Great Hall at Aldermanbury in London. After an update on the past year’s affairs and an address by immediate past president Robert Flecher, the attending members
cii.co.uk / The Journal / August-September 2016
moved to swear in the new president for the forthcoming year, John Moore MBE. Inga Beale, CEO at Lloyd's, was sworn in as deputy president and vice-presidents were named as follows: Edward S Grant, Jon Dye, Liz Coyle, Mark Cliff, David Williams and Tony Emms. → To read the full interview with new president John Moore in this month’s Journal, turn to pages 14-15.
7