SLII Diploma in Insurance study guide
SLII Diploma in Insurance · Work through your exam, one topic at a time.
The SLII Diploma in Insurance is a professional qualification offered by the Sri Lanka Insurance Institute (SLII), an institute that states it has been "the cornerstone of professional development in Insurance Education" and has been "Empowering the insurance industry with excellence in education since 1981." It is aimed at people building or formalising a career in insurance - underwriters, claims handlers, sales and distribution staff, and back-office and compliance personnel - who want structured, practitioner-level knowledge rather than only on-the-job training. This independent study page organises preparation around four equally weighted domains: insurance principles and practice; insurance law and regulation; underwriting and claims management; and insurance business management and professionalism. The SLII Diploma in Insurance study guide has 4 sections and about 1,259 words.
01Insurance Principles and Practice
This domain tests the principles that underlie every policy and how they operate in Sri Lankan practice, not just textbook definitions. Insurance pools similar risks so that the few losses are met from contributions of the many.
358 words, about 2 min02Insurance Law and Regulation
This domain tests the legal building blocks of an insurance contract and the Sri Lankan regulatory framework that governs insurers, intermediaries and market conduct. Insurance is a contract: offer through the proposal, acceptance through the acceptance or cover note, consideration through premium, plus capacity and legality.
348 words, about 2 min03Underwriting and Claims Management
This domain examines how insurers select and price risk, and how claims are handled consistently with policy wording and fair practice. Underwriters gather information from proposals, medical reports, surveys and claims history.
275 words, about 1 min04Insurance Business Management and Professionalism
This domain covers running an insurer soundly and behaving professionally towards customers, regulators and the market. Insurers coordinate underwriting, claims, reinsurance, finance, investments, IT and distribution.
278 words, about 1 min