INSTITUTE OF FINANCIAL SERVICES LAUNCHES GENERAL INSURANCE TEST

Doors open to over 150 driver test centres across the UK for general insurance professionals to gain new regulatory qualification

The Institute of Financial Services (ifs) is launching the Certificate of Regulated General Insurance (CeRGI), a qualification aimed at people working in general insurance. Developed from a module which the Institute introduced in 2000, CeRGI will help individuals and employers meet regulatory requirements for training and competence.

A key feature of the qualification is the ease of entry and examination – with students able to book their examinations just a few days in advance of the day they wish to sit, and choose from over 150 testing centres throughout the UK. A pass in a single two-hour examination is required to gain the certificate.

CeRGI provides a valuable way to gain knowledge and understanding of the basic principles and practice of general insurance. It is suitable for those with little or no previous experience of this area or those who wish to gain independent evidence and recognition of their existing knowledge and understanding.

Tony Tudor, Director and Company Secretary of the ifs, commented:
"We have looked very hard at the needs of the general insurance industry, both as it has evolved in recent years, and looking ahead to the likely requirements of the future regulation. We are confident that our qualification supports the systems which regulators like to see in place for training and the assessment of knowledge and competence."

This new qualification has been developed to be very user-friendly from registration to examination, with students benefiting from the obvious advantages of our electronic 'on-demand' examinations and registration systems.”

Taking the test at one of 150 driver test centres in the UK
Convenience and flexibility are priorities, with the Institute offering online registrations. Students are also provided with the opportunity to book their exam when they are ready at a time and location convenient to them.

Regulation of general insurance activities, whether by GISC, FSA or other bodies, requires commitment by employers to have in place suitable competence and training arrangements for those who carry out regulated activities. CeRGI offers a means of assessing knowledge and understanding by an independent and respected examining body and can be included as a component within competence and training systems designed to meet regulatory requirements.

The CeRGI costs £100 – an all-inclusive fee which covers registration, comprehensive learning materials, a sample question paper and an examination entry.

For further details about the Certificate of Regulated General Insurance (CeRGI) contact the Institute of Financial Services on 01227 818609

Press contact:
Simon Ashmore
01227 818679

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