Cyprus Insurance Institute of Cyprus Mr Andreas Efstathiou Operations Coordinator 23. Zenon Sozos Street P.O. Box 22648 1516 Nicosia - Cyprus Phone 00357 2276 1530 Fax 00357 2276 4559 E-Mail: insur.ins@cytanet.com.cy Website: www.iic.org.cy Membership The Insurance Institute of Cyprus has more than 1.500 members. Membership is open to persons who work in insurance. Education and training The Institute organizes on a continuous basis, a series of lectures for the preparation of candidates for its own examinations and those of the Chartered Insurance Institute and the Life Underwriters Training Council. It also organizes seminars and panel discussions with prominent local and foreign speakers. Examinations Certificate of Basic insurance Training, which is required by law for the registration of insurance intermediaries. The examination is organized in cooperation with the Superintendent of Insurance Office. Certificate of Insurance Studies, which is at three levels, the lower, the higher and the advance. The textbooks used are mainly translations of CII textbooks into Greek and the examinations are moderated by the CII. The subjects are fully recognized as equivalent to the corresponding subjects of the CII, which grants three exemptions for the lower level, five for the higher level and seven for the advance level. As a result holders of the Certificates are in a position to continue their studies by taking the CII examinations. Diploma of Insurance Studies, which is awarded jointly with the Greek Institute for Insurance Education for students from Greece, attracting seven exemptions from the CII examinations. Life Underwriters Training Council, leading to LUTCF designation for insurance agents, which is internationally recognized. Since 2001 the LUTC has been consolidated with the American College, thus putting LUTC Fellows in a position closer to the CLU, ChFC and CPCU designations. Certificate for Financial Advisers, granted jointly with the Greek Institute of Insurance Studies and recognized as equivalent to the International Certificate for Financial Advisers of the Chartered Insurance Institute. Publications The Institute was the pioneer in the Greek speaking world with 16 remarkable insurance publications: Introduction to Insurance, Legal Aspects of Insurance, Insurances of the Person, General Insurances, Financial Aspects of Insurance, Basic Elements of Insurance, Marketing, Property Insurance Underwriting, Life Assurance Practice and Administration, Business Environment, Financial Aspects of Long-term business, Practice of Reinsurance, Private Motor Insurance, Financial Advisers Manual and Insurance Dictionary. Co-operation with other professional bodies The Institute supervises the examinations which are conducted in Cyprus by the following bodies: Chartered Insurance Institute, Insurance Institute of America (CPCU), Institute of Actuaries, Society of Actuaries, Faculty of Actuaries, Association of Loss Adjusters, Institute of Chartered Secretaries and Administrators.