The Chartered Insurance Institute (CII) has launched its Faculty of Insurance Broking, bringing a range of training and broker services under one facility.

An online training and competency assessment package, developed in conjunction with the British Insurance Brokers Association, is intended to assist brokers with regulation by the Financial Services Authority and also provides compliance tools.

The CII plans to build additional training packages and qualifications across the various broker disciplines following consultation with the industry.

CII Marketing Director Steve Wellard says the institute aims to raise standards and help improve the reputation of the market to attract more school-leavers and graduates. “The faculty has set itself the target to be recognised as a natural choice for those who pursue a career in insurance broking,” he said.

The CII is building up a range of faculties to handle all aspects of insurance.