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The institutes: local heroes

When you become a member of the CII in the UK, the Channel Islands and the Isle of Man, you also become a member of a local institute, usually close to where you live or work.

When you become a member of the CII in the UK, the Channel Islands and the Isle of Man, you also become a member of a local institute, usually close to where you live or work.

 

This network of 56 local hubs is run by dedicated groups of sector professionals, providing members with a programme of services, typically including:

  • Technical, market and regulatory CPD events.
  • Soft skills and business-related training.
  • Social and networking activities.
  • Student career guidance and mentoring.
  • Local news and market information.

These events can count towards CPD requirements, if considered relevant to your professional development needs.

Here we showcase the work of two of the Local Insurance institutes, London and Southampton, which have been employing innovative ways to engage their members.

“The lasting impression is that we have much more in common than divides us at a time when the established world order is changing”

Allison Potts, secretary of the Insurance Institute of London (IIL), says that with a French President and a Treasurer based in Chicago, ILL, with more than 25,000 members and approximately 400 volunteers, reflects the global nature of insurance and financial planning in London.

She says: “The IIL benefits hugely from its central location as many of the profession’s leaders and influencers visit London regularly so, whenever possible, we invite them to give a lecture. At the same time, we want to share our good fortune as much as possible so for more than 10 years now we have been making podcasts of our CPD lectures, which are accessible by all members of the CII worldwide via CII Knowledge Services.

“For example, during the year we welcomed Dr Michael Menhart, chief economist at Munich Re, who gave an excellent talk on ‘Economic growth despite Brexit and protectionism? European fears and global challenges.’

Attracting talent

“The CII is also often a destination for international visitors to London. These can range from officers and staff of the Chartered Insurance Institute of Nigeria and the Singapore College of Insurance to groups of university students from the USA. Working with the CII, we give them a brief introduction to the London Market and highlight some of the current market issues. Whenever possible, we also host a reception which introduces some of our young members to our visitors. From time to time it has been known for visiting students to secure short work placements in London and for some of our young members to be invited abroad for a similar experience.

“The lasting impression is that we have much more in common than divides us and at a time when the established world order is changing, London needs to attract the best talent so that its workforce reflects it client base.”

Alyson Farmer, Past President of the Southampton Institute, says:

“There have been four notable projects that we have championed this year to improve engagement with our 2,700 members:

Facebook live

“We decided to try and reach a wider audience for our CPD points, we therefore now live-stream all the CPD seminars (that we have agreement for from our speakers) on to Facebook. This has helped us to reach more of the membership that are unable to attend the seminars without affecting the number attending the seminars in person.

Young professionals’ group

“We became aware that we were not engaging as effectively with our members under the age of 35. We therefore organised a networking event with a soft skills seminar on successful networking. Following this, a Next Gen group was formed which has recently held a speed mentoring event. At this event a number of mentors were available from across the industry to offer advice or answer questions on topics from career progression to work-life balance. The group is currently working on social events and more seminars for this age group.

Personal Finance Society collaboration

“We are working very closely with the Hants & Dorset PFS committee to help get exam training and other events off the ground with an initial seminar having been organised that will be beneficial for both communities.

Conference with neighbouring institutes

“We met with our neighbouring institutes at the last national conference and decided it would be a great idea to organise a regional conference. We have therefore booked a venue and our topic for the day is fraud.

We currently have more than 120 people booked. We are in the final stretch of getting all the speakers for the seminar organised.”

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