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Home > Individuals > Careers

Insurance Foundation Certificate

Introduction

The IFC is a recognised, stand-alone qualification in basic insurance principles, practice and general (non-life) insurance. It is the first step to becoming professionally qualified and can be used as an entry qualification into the Certificate of Insurance Practice (CIP), success in which qualifies for membership of the Society of Technicians in Insurance and use of the designatory letters MSTI. It can lead ultimately to the CII Fellowship and Chartered title.

The IFC replaced the Certificate of Proficiency (CoP) qualification in 1997. The CoP had two routes, one for general insurance and one for life insurance. The IFC has been specifically designed for people working in general (non-life) insurance. A new foundation qualification has been developed for those working in ife and pensions and details are available in the Financial Planning Certificate handbook.

Candidates in the Republic of Ireland should note that the Irish version of the Certificate of Proficiency is still available. Details are available in a separate handbook.

Candidates who were part way through the Certificate of Proficiency examinations should refer to the transitional arrangements.

Who should take the Insurance foundation certificate?

Anyone seeking a basic understanding of general insurance.
Insurance staff and others who have no professional insurance qualifications but would like to become qualified.
Anyone wishing to qualify for entry to the Certificate of Insurance Practice, success in which allows you to use the designatory letters MSTI.
Anyone requiring the essential technical knowledge for a level 2 NVQ/SVQ in insurance.

Why should I study?

It is essential if you wish to make a career in insurance and take on more interesting and responsible work.
The IFC shows your employer that you are conscientious and keen to progress.

What do I have to do?

Complete the entry form in this handbook.
Allow a total time of between 75 and 100 hours to study for the two papers.
Take and pass two examination papers.

Can anyone take it?

Yes. You do not need to be a member of the CII or have any previous qualifications. All you need is enthusiasm and interest.

Subjects

IF1	IF2- General (non-life)
Insurance and the insurance market Legal principles Statutory and voluntary regulation	Insurance products and associated services Underwriting and policy wordings Claims information technology, security, confidential information and data protection customer service

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