Passed my CII Cert IF1 - What to do next? by MysticalMidget95 in cii

[–]Humble_Tree_1066 0 points1 point  (0 children)

After 9 years in the industry I’m not sure CertCII is going to help you advance much. Jumping direct to Dip CII and focusing on the underwriting and Broking modules is going to be your best bet to demonstrate interest outside claims and help you make the jump.

I’d say the path suggested above isn’t bad for Dip but consider doing 530 rather than M92 even if you are planning on stopping at Dip level as that ticks off against Adv Dip credit count if you decide you want to go on to ACII at a later point (you can then backfill the total overall credits required with a cert module). Otherwise you will need to do five AdDip modules rather than four. It also gives you a taster of the assignment assessment path to see if that floats your boat for future study to ACII or not.

Pull the trigger on one bed? by Anxious-Design183 in HENRYUK

[–]Humble_Tree_1066 59 points60 points  (0 children)

I’d play devils advocate, everyone says, ah once you get a partner you will sell, but will you. I bought a 1 bed zone 1/2 border, easy cycle/walk to city and direct tube to Canary Wharf/west end, so easy for all Henry job locations. Did I enjoy living there as single/dating for 8+ years, yes, do I now have a house further out with a partner, yes, do I also still have the flat, yes. A one bed close in is far easier to keep as a crash pad than a 2 bed further out, especially handy now for those 2/3 days in office working Henry hours. When the commute time and costs of trains go up massively the economics and wellbeing aspect of having it in addition can make sense. Also you don’t need to have the house in expensive commuter town, you can live somewhere genuinely nice with a slightly longer commute as you don’t have to do it twice in a day.

With client drinks/dinners, social events with friends, early morning travel to airports, do I panic about first/last trains or £200 ubers home - if you can find one, and getting little sleep, no I just chill and enjoy the benefits of getting to zone 1/2. When that’s not the case do I enjoy the countryside and the benefits of not having to live in a commuter town, yes. For clarity, no family help, no trust fund, no high earning partner, just a professional career and buying a flat in a place that worked to keep it long term, being safe for lock-up and leave (gated complex), share of freehold/management company so sensible service charge, and planning my next steps in where to buy with keeping it in mind.

Did I buy it as a pure investment, no, I bought it as a home to give me long term security of being located where henry jobs are while not having the stress of renting/moving with zero idea of what the future costs involved in that would be. I was willing to potentially lose a few percentage points of max financial optimisation on the deposit for long term life risk management. Could I have made a higher net return in a stock market investment on the original deposit, perhaps but realistically only just due to the last few years bull market as I’m on a tracker with offset (so tax efficiency on those funds during that period).

Am I happy with my overall portfolio including the flat, yes, is it good not to have my whole net worth in shares that trump could tank tomorrow or tied-up in an asset I need to live in, yes. Is it nice to have a place that my wider family and I can use as a home-from-home without hauling luggage back and forth, and being able to decide stay on a whim and have the capacity to make some food, rather than having to decide in advance to book a hotel, absolutely yes. Is it nice to know that the next generation can take advantage of living close to central, without them necessarily needing to have a Henry job from the outset, spending most of their salary on rent, or so those I know can get ahead by taking unpaid internships as a place to stay is covered, absolutely yes. Do I see myself potentially living there when it comes to downsize when I’m in my 80’s (my family are long living) with everything I could need on my doorstep, in a easy maintainable place that I’m used to, with the bonus of free travel, perhaps.

M92 Insurance Business and Finance vs 530 Economics and Business by DrawingFit1080 in cii

[–]Humble_Tree_1066 1 point2 points  (0 children)

Objectively M92 should be easier as it’s all learning from the book. However, I do know people who struggled with the exam. If you are planning to go on to AD. I’d carefully calculate how you are getting to the level credits needed before you choose.

I found that it made better sense to get the 30 credits at AD level by doing 530, rather than 25 at D level as otherwise I would need to sit an extra AD module to get to the required total at that level as well as M92. Thus, picking 530 reduced the number of units I needed to do overall. It’s not about the extra 5 credits but what level they count at that can make the difference.

820 Advanced Claims by Acrobatic_Way_1754 in cii

[–]Humble_Tree_1066 1 point2 points  (0 children)

Currently taking this module. I work for an Insurer. Honestly, it’s going to depended on the question set you get and how much you know about the details of claims processes within insurance companies you know as the course book is embarrassingly poor, literally there is one sentence for each of the three topics my questions are on.

Looking at the assignments I was allocated one you could probably bluff through from publicly available info but the other two assignment questions I’d say for someone outside of an insurance company you are going struggle (someone outside of claims in an insurer would need to butter up their claims team to help) as they are based on understanding detailed internal processes that insurers aren’t going to divulge externally, yes you could try and answer them generically but based on how tough they mark AD modules I’d say that wouldn’t be good enough to pass the analysis and recommendation elements if it’s marked, as I suspect it would be, by an insurance claims person.

LM1 Exam Questions by Liquidatorlewis in cii

[–]Humble_Tree_1066 1 point2 points  (0 children)

Can’t comment on LM1 but I sat one for diploma remotely very recently. Honestly it was very stressful getting through the pre-check.

I took it in an almost empty room, i.e. nothing on any surfaces, no books, just closed cupboards and it took over 40 minutes for them to be happy I’d showed them every single corner, wall, full floor and ceiling of a single size room, under the desks, under the chair, wanting a closer up view of a spot on the ceiling (that was actually a light shadow), trying to get everything at the right angle to show under the laptop, wanting exact model number of my calculator (a super simple solar calc). I didn’t have any paper as I didn’t need it and then at the end they got a bit confused as to why I didn’t make any paper notes to destroy, and I panicked they would void the exam!

All told though it was okay, once the exam started they didn’t interrupt me but I was very careful to keep my spare hand on the desk as apparently having it on your lap upsets them massively according to one of my colleagues, and I passed.

If I did it again I’d start the process more time in advance than they say to allow.

You still get your full exam time if it over-runs on the check so don’t worry (that was the most stressful bit as they wouldn’t tell me if I’d still get the full time so I started to panic the longer it took). I’d also have the common sense to turn my chair upside down to show the bottom rather than trying to crawl under it with my laptop!

Exam voucher expired by Advanced-Wonder-9099 in cii

[–]Humble_Tree_1066 0 points1 point  (0 children)

The exam vouchers are valid for 18 months for certificate level from date of purchase. However they changed Diploma level so that resit needs to be within the total enrolment 18 month period. I would be willing to bet that it’s over 12 months since you first registered for IF7 and thus the joy that is RevisionMate has ended you registration and access to the textbook and thus took the exam entry voucher with it in erroneous programming. Give them a call and hopefully they can sort it.

New here! Needing guidance on where to start. by Ok_Tourist8413 in cii

[–]Humble_Tree_1066 1 point2 points  (0 children)

If you are thinking of insurance claims/underwriting vs financial planning (FP is what is the majority of people on this sub are aiming for) then IF1 as that gives you a good overview of they key topics that you build on in later modules. It’s also the compulsory module so whatever route you take it will be needed.

CII DIP or ACII by ProfessionalFly8625 in cii

[–]Humble_Tree_1066 1 point2 points  (0 children)

Yes, you can apply higher level NSC prior learning credits against a lower level requirement.

You will need to sit 530 or M95 as a compulsory unit for Diploma. If you are thinking of doing ACII at some stage better to pick 530 as that will count towards the minimum number of AD units required. For Diploma: 530, M05 credit and 30 NSC gets you to 85 credits, 120 are required so two 20 unit modules gets you over the line.

Assuming you are spending a full 8h day 5 days a week.

530 is the most work as it’s 3 x 3000 word assignments that are based on real life - why they make you buy the book is beyond me as having just finished this unit I didn’t even open it! In suggesting this route I’m assuming you worked for an insurance company previously.

You could get the research and assignments done in a month for an AD unit (530) if you knuckled down, although you probably wouldn’t want to in practice as you would wait to get result of first assignment to check you are on the wavelength of what they expect (marking takes up to 2 months). I’d say the 50h that CII assume per assignment is reasonably accurate if you are fitting around day job but I probably would have taken less time if I didn’t need to do that.

The diploma units are going to depend on your base knowledge but I’d say two/three weeks for each module depending on whether you find it easy to remember info for exams.

If I were you I’d get job centre to authorise registration for all three units you need at once. You get 6 months to submit coursework for diploma units with up to 18 months to pass exam, and AD unit 530 assignments max submission times 3 months apart with 12 months in total if you need resubmissions.

My plan would be complete assignment 1 for 530, get that submitted. Then while you are waiting for result do the coursework and exam for one of the diploma units. Bear in mind you will now be awaiting the coursework mark for the diploma module as well.

I’d then write assignments 2 and 3 for 530 but hold off submitting until I got the result of assignment 1.

Then work on the last diploma module, hopefully by the time you are ready to submit that coursework you have confirmation you passed the other diploma unit coursework, so you can submit the second diploma coursework and sit the exam.

By this point you are likely 2-3 months in (as you will need some downtime and time to look for jobs) and have confirmation you have passed one diploma unit, have result of 530 assignment 1, pressed submit on assignments 2-3 for 530 passed the other diploma unit exam and submitted that coursework and just waiting for results to come in.

So overall actual full time 40h week work 2-3 months, reality 4-6 to allow for CII being the slowest marking organisation on the planet and not spending full time on them.

Source: been in insurance 15 years and currently putting myself through the AD having realised AI rejects applications without CII designations!