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Chartered Insurance Institute banks £1.9m profit

Just a few months after ditching a merger deal with ANZIIF and blasting its financial performance, the UK Chartered Insurance Institute (CII) has reported an annual net profit of £1.9 million ($3.9 million) after revenue grew by more than 7%.

CII Group CEO Alexander Scott says membership has increased 2% to more than 93,000 members and training activities have increased.

“It is widely recognised that during periods of economic downturn people do tend to focus on their personal development and try to increase their perceived value by undertaking more qualifications and training,” he said.