The Chartered Insurance Institute has simplified the application and renewal process for corporate Chartered status. From this week, the new application form will automatically calculate whether a business meets the criteria for staff.
For Chartered insurers and insurance brokers, it will automatically show if all of the board are members, and calculate if 90 per cent of customer-facing staff are members, marking a significant improvement on the previous manual process.
The new application form also asks whether the applicant is seeking Chartered status for a division or the entire company. There is also a new section about corporate social responsibility (CSR) and what the business is doing to give back to the profession. This has been introduced in order to allow firms to demonstrate how they contribute to building public trust and promoting professional standards.
Development director of the CII, Steve Jenkins, said: “We believe the new application form better reflects what Chartered represents with the addition of a corporate social responsibility section. Also, by providing prompts and removing the need for manual calculations, it should speed up the process and make it much more intuitive, transparent and user-friendly.”
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