Q&A

What type of Organisation is The Insurance Institute?

What type of Organisation is The Insurance Institute?

autonomous organisation
Our mission We are an autonomous organisation within the wider Insurance Institute network and operate under the auspices of The Insurance Institute of Galway.

What qualification is CIP?

Certified Insurance Practitioner
If you already hold an APA, the CIP is the next move to advance your career. The programme will broaden your product knowledge and career mobility, and will provide you with everything required to take you to the next level.

What does CIP stand for in insurance Ireland?

Certified Insurance Practitioner (CIP)

How do I register for III exam?

Enrollment for Examinations can be done: i. ONLINE at III’s website: www.insuranceinstituteofindia.com or ii. Through Associated Institutes / Affiliated Institutes/ ALCs. These are the only two channels available for enrolling for Examinations.

What is APA qualification?

Get Started with APA. Whether you’re working in personal, commercial or private medical insurance, the Accredited Product Adviser (APA) designation signifies you possess the knowledge you need to work unsupervised, and advise your customers in the product area in which you’ve qualified.

How long does it take to complete CIP?

roughly two to five years
On average, it takes most students roughly two to five years to complete the program. Refer to our website for the exam rules, regulations, and for information on exam results availability.

Is CIP tough?

It is a challenging exam. Accordingly, it’s very challenging to succeed at the exam if you have no practical experience/knowledge to bring to bear. But it is not realistic to go into the prep workshop cold, with no background or experience in any of the domains, and expect to pass the CIP 3.5 days later.

What does CIP mean in insurance?

Chartered Insurance Professional
The Chartered Insurance Professional (CIP) Designation is the benchmark of insurance professionalism. The changing face of insurance requires that you grow your knowledge from insurance fundamentals to increased complexity, to lines of business, to increasing specialization and complex risks.

Who can give III exam?

Ans: Yes you can enroll for the Licentiate examination if you have passed S.S.C. or any equivalent examination and completed 18 years of age. For CPAIM Course candidates should either be Graduate or Associates/Fellow of III.

Is licentiate exam easy?

Difficulty level of licentiate exam is very low. There are simple MCQ type questions which can be easily attempted if your concepts are clear and have read the workbook cover to cover.

How much are QFA exams?

Cost is roughly €300/module. Once you are awarded your Professional Diploma in Financial Advice, you may apply to LIA for your QFA designation.

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Is the Insurance Institute of Ireland limited by guarantee?

The Insurance Institute of Ireland is registered in Ireland. No. 518942 and is a company limited by guarantee, with permission to omit the suffix ‘CLG’ from its name.

Where is the Insurance Institute in Dublin located?

Insurance Centre, 5 Harbourmaster Place, IFSC, Dublin 1, D01 E7E8. Our offices remain open during lunch for convenience to members. This opens in a new window. Member Services can help with any queries regarding qualifications, exams, CPD and your membership . Call us on 01 645 6670 or send us your question via the form below.

What to do if you have an issue with an insurance company in Ireland?

If your complaint relates to an issue you are experiencing with your insurance provider, please contact Insurance Ireland for assistance. The Insurance Institute is committed to providing a quality service for its members and working in an open and accountable manner to maintain the trust and respect of all its stakeholders.

Do you need health insurance to study in Ireland?

Please note that heavy levies are charged for all hospitalisation and it is advised to make provision for adequate medical insurance. Non-EU students are required to show proof of comprehensive medical insurance when registering with the Garda National Immigration Bureau. Proof of health insurance is also required when applying for a student visa.