CIIG Advanced Diploma study guide
CIIG Advanced Diploma · Work through your exam, one topic at a time.
The CIIG Advanced Diploma is an advanced professional qualification for practitioners who already work in cargo insurance and want to deepen their technical expertise. It suits underwriters, claims adjusters, brokers, surveyors, and risk managers who handle international trade and marine cargo exposures. The CIIG Advanced Diploma study guide has 7 sections and about 3,111 words.
01International Trade and Export Transactions
This domain tests whether you can trace who bears risk at each stage of a trade transaction, and therefore who buys insurance, on what minimum terms, and with which documents. Under Incoterms 2020 only two rules oblige a seller to insure: CIF - the seller insures for at least 110% of the contract price, in the contract currency, at minimum Institute Cargo Clauses (C) , from shipment to the named destination port.
460 words, about 2 min02Cargo Insurance Fundamentals and Principles
This domain tests the legal foundations that decide whether a claim is payable at all, before any policy wording is argued. Marine Insurance Act 1906 s.5 defines insurable interest as a pecuniary interest in the safety of the subject matter or the adventure; s.6 requires the interest to exist at the time of loss, save for a "lost or not lost" policy, which is valid where the assured was ignorant of the loss.
476 words, about 2 min03Marine Cargo Policy Covers, Clauses and Institute Cargo Clauses
This domain tests how a cargo policy is assembled and how the three Institute Cargo Clauses sets differ in the perils they buy. The policy consists of a schedule (assured, subject matter, voyage or period, sum insured, premium, deductible) plus operative wording and the incorporated Institute clauses or bespoke manuscript clauses, amended by endorsements such as deck cargo, container or f.a.p.
470 words, about 2 min04Cargo Underwriting and Risk Assessment
This domain tests how a cargo risk is described, priced and controlled: what information is needed, how rate and deductible interact, and how exposures accumulate. Key underwriting inputs: commodity and its sensitivity (breakage, moisture, theft, temperature), packing and containerisation, route and transhipment points, season and weather, mode and age/class/flag of vessel, port handling quality, carrier liability terms, loss history, and the Institute clauses selected.
427 words, about 2 min05Claims Handling, Loss Adjustment and Subrogation
This domain tests the claim lifecycle: notification, evidence, coverage analysis, quantification and recovery from third parties. The assured must give prompt notice, preserve the goods, and act with reasonable despatch; clause 13 duties to minimise loss (sue and labour) are recoverable as particular charges.
420 words, about 2 min06Regulation, Compliance and Ethics in Cargo Insurance
This domain tests the regulatory framework around a cargo placement and the compliance decisions made before binding, endorsing or paying. UK insurers are authorised and supervised under FSMA 2000: the PRA for prudential matters (including Solvency II capital), the FCA for conduct.
451 words, about 2 min07Reinsurance, Capacity and Market Practice
This domain tests how cargo business is placed in the subscription market, how capacity is created and constrained, and how reinsurance responds. Cargo is written in the London subscription market: a leader sets terms on a slip (now usually the Market Reform Contract), followers write lines expressed as percentages or fixed amounts, and the risk is bound when the required line is complete.
407 words, about 2 min