CII returns to historic local institute funding model

Equitable sharing of £1.5 million

clock • 1 min read

The Chartered Insurance Institute (CII) has reinstated its historic funding model for local institutes for 2022.

The model's reinstatement was confirmed on Wednesday (15 December) and seeks to "equitably" share the £1.5m in available funds as a payment over the summer months, based on the annual assessment completed by each local institute's members. Earlier this year, the CII switched to a revised funding proposal for 2021 when faced with lower operating costs as a result of the pandemic. The revised funding model would "allow for rapid financial recovery while also ensuring that the CII could continue to invest in and develop its membership proposition for the future," said Sian Fisher, chief exe...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Iress adds Zurich to The Exchange platform

Iress adds Zurich to The Exchange platform

Adopts ex-smoker questions

Jaskeet Briah
clock 24 October 2024 • 1 min read
IFoA names new CEO

IFoA names new CEO

Paul Lewis to take position

Jaskeet Briah
clock 18 October 2024 • 1 min read
L&G updates leadership team

L&G updates leadership team

Laura Mason and Katie Worgan added

Cameron Roberts
clock 16 October 2024 • 2 min read