The Chartered Insurance Institute (CII) has launched a comprehensive review of policy on CPD as part of its wider professionalism agenda to raise standards and build trust across the sector.
The objective of this review is to ensure CPD is directly relevant to members in their jobs, easy to understand, and clearly beneficial to members, employers, and the public, taking into account external developments such as increasing regulation.
The first step in this review was to consult members on what they think about CPD. The findings of the first ever CII CPD survey of over 3500 CII General Insurance Faculty members provide an important fact base to inform the review. CPD is now well embedded, but the survey did highlight ways to improve. Key findings include:
- The vast majority of members say that they keep up to date with industry issues via undertaking CPD
- The vast majority of members are doing CPD, with only 3% reporting they do no CPD at all. However, some members are unsure about whether they complete the full CII requirement (14%), and some say that they find recording their CPD to be confusing (13%).
- The perceived value of CPD is keeping up-to-date with regulation and industry developments
- Most members believe that CPD supports and improves their professional development (76%), and expect to see big returns on keeping up-to-date with regulation (67%).
- Members say that they participate in a range of CPD activities, and the most popular are not very expensive. The most popular activity is reading (73%), with seminars the second most popular (66%).
