III Logo
sign in
III Logo
Home〉Programmes〉Certificate in Insurance Practice (CIP)
Programmes

Certificate in Insurance Practice (CIP)

If you already hold an APA, achieving the CIP designation is the next step to advance your career.

Apply now Download Information Guide

Overview

The Certificate in Insurance Practice (CIP) is a professional qualification that is designed for professionals looking to reinforce their experience, this course will provide you with a broader understanding of insurance products and processes, helping you build on the knowledge points you already have.

Who’s the programme for?

  • APA designation holders looking to do more by expanding their product knowledge
  • Industry professionals looking for a recognised insurance qualification

Exemptions or recognition of prior learning

If you've completed insurance exams or qualifications in the past, you could be entitled to exemptions from some of the CIP modules.

Entry-level and technical requirements

To apply for the Certificate in Insurance Practice, you must hold at least one APA designation.

We deliver all of our programmes in English which requires students to have a high level of English language proficiency.

Key Details

Designation

  • CIP (Certified Insurance Practitioner)
  • Awarded by: The Insurance Institute

Qualifications

  • Certificate in Insurance Practice (Level 7 Special Purpose Award)
  • Awarded by: Atlantic Technological University, Sligo
  • European Credit Transfer System (ETCS): 15 credits

Modules

  • 6 in total (2 core*, 2 product*, 2 process)
  • *If you hold an APA designation, you will have likely completed the two core modules and one product module already.

Delivery

  • Online

Duration

  • Semesters start in February, June and September and are 12 weeks in duration

Assessment

  • Product module: multiple-choice (MCQ) exam featuring 100 questions
  • Process modules: 2-hour written exam with mid-semester assessment (MCQ)
  • Exam Dates
€360  Per module + membership fee
Apply Request more details

Career Pathway

The Insurance Institute has programmes to suit each stage of your career path, designed to help develop the skills you need both now and into the future.

  1.  
    Step 1

    Certificate in Insurance Product Advice (APA)

    The entry-level qualification that helps you learn more about insurance and gives you the foundation to build a successful career in insurance.

  2.  
    Step 2

    Certificate in Insurance Practice (CIP)

    If you already hold an APA, the CIP designation will help you do more and grow your career by broadening your product and industry knowledge.

  3.  
    Step 3

    Higher Diploma in Insurance Management (MDI)

    Grow in confidence with our advanced, professional qualification that helps you achieve more, by enhancing your technical insurance knowledge and developing key management skills, such as critical thinking, report writing, researching and problem-solving.

80% pass-rate
4000+ members hold a CIP
500+ new students per semester

Modules

To be awarded the Certificate in Insurance Practice, you must complete 6 programme modules (2 core, 2 product and 2 process).

Core Modules

You need to complete BOTH core modules.

Module Code: CIP-01

The Nature of Insurance

  • Knowing the consumer & suitability
  • Motor insurances
  • Household insurances – definitions, insurable values & information gathering
  • Household insurances
  • Travel & protection insurances
  • Private health insurance
  • The claims process
Module Code: CIP-02

Compliance and Advice

  • Why & how we regulate
  • Impact of regulation
  • Agency & relationship management
  • Impact of The Central Bank Consumer Protection Code
  • Insurance documentation
  • Other legal requirements
  • Ethics & competency
  • Dispute resolution

Product modules

You need to complete TWO of the product modules.

Module Code: CIP-03

Personal General Insurance

  • Knowing the consumer & suitability
  • Motor insurances
  • Household insurances – definitions, insurable values & information gathering
  • Household insurances
  • Travel & protection insurances — Private health insurance
  • The claims process
Module Code: CIP-04

Commercial General Insurance

  • Knowing the client & suitability
  • Commercial motor insurances
  • Commercial property insurances
  • Insurable values & presentation of information
  • Commercial property insurances – policy cover
  • Other property-related insurances
  • Commercial liability insurances
  • The claims process
Module Code: CIP-05

Health Insurance & Associated Insurances

  • Healthcare provision
  • Challenges into the future of health insurance
  • Private health insurance (community-rated)
  • Risk-rated health insurance
  • Knowing the consumer & suitability
  • Health insurance claims & administration

Process modules

You also need to complete TWO process modules.

Module Code: CIP-06

Practice of Risk Control & Underwriting

  • Underwriting in Ireland
  • From corporate strategy to underwriting strategy
  • Pricing the risk
  • Underwriting – policy and practice
  • Underwriting and risk control: property and business interruption insurance
  • Underwriting and risk control: motor and liability insurances
  • Risk exposure and control
Module Code: CIP-07

Practice of Claims and Loss Adjusting

  • The claims environment
  • Claims notification
  • Claims verification
  • Claims investigation
  • Indemnity – how much will the policy pay
  • Third-party claims – legal considerations
  • Claims settlement
Module Code: CIP-08

Practice of General Insurance Broking

  • Broking relationships
  • Regulatory environment
  • Negotiating and placing a risk
  • Selecting an insurance provider
  • Ongoing customer service and management
  • Programme design and operation – large risks
  • Other services

Delivery

The Certificate in Insurance Practice qualification helps build knowledge and expands opportunities and is delivered via live online classes and self-directed learning.

Lectures

Live and on-demand lectures with industry experts.

Textbook

Accessible print and digital formats to help better visualise the material.

Online study supports

Micro-learning activities, learning plans, past papers, guideline answers, and mock exams.

Mid-semester Assessment

Worth 10% of your overall mark. Designed to keep yourself on track and test yourself early.

Continuing Professional Development (CPD)

After accepting a designation, you need to maintain it, this is done by annually completing CPD as set out in the Central Bank of Ireland Minimum Competency Code (MCC) 2017.

Students who have a CPD requirement under MCC 2017 are awarded 8 hours of non-category specific CPD when they successfully complete each insurance exam.

As part of their annual requirement Members must ensure they complete 1 hour of mandatory Ethics and 1 hour CPD per specified role that they perform.

The Insurance Institute have a varied live and online CPD offering to help Members complete their CPD requirement. 

Learn more about CPD

Download the Certificate in Insurance Practice (CIP) Information Guide

This helpful guide will provide you with all the information you need to get started with the Certificate in Insurance Practice.

Frequently Asked Questions

  • Assessment refers to the wide variety of methods or tools that The Insurance Institute use to evaluate, measure, and document the academic readiness, learning progress and skill acquisition of our students.

  • All fees related to the Certified Insurance Practitioner (CIP) can be found here.

    • e-book
    • Webinars and online tutorials
    • Chapter by chapter key points
    • Online mock exam with feedback
    • Access to the Quitch app which tests your knowledge chapter by chapter       
    • Microlearning resources to help with challenging topics 

  • If you have completed courses and qualifications in the past that may have contained content relevant to some of our qualifications, you could be entitled to an exemption.

    Please contact our Member Services team to discuss.

  • Qualification
    A qualification is an academic award conferred by an educational body e.g. the Certificate in Insurance Practice is awarded by Atlantic Technological University Sligo. Holders of an academic qualification have successfully completed a particular course of study, but this does not automatically mean that they are competent to practice a trade or profession – that's where the designation comes in.

    Designation
    The term "designation" refers to the letters used after one's name upon successful completion of a qualification, indicating a compliant and knowledgeable professional - it is your licence to trade. Designations can be removed if certain conditions, like maintaining membership and meeting CPD requirements, are not met. The Central Bank of Ireland's Minimum Competency Code 2017 outlines recognised Insurance designations and the regulatory CPD requirements for maintaining compliance. 

Still have questions?

Can't find the answer you're looking for? Please chat with our friendly team.

Contact us
Back to top
© Copyright 2024 by The Insurance Institute of Ireland
Powered by Inventise