CII posts £4.9m loss for 2020
The Chartered Insurance Institute has reported a £4.9m loss for the year ended 31 December 2020 as a drop in income caused by the coronavirus pandemic more than outweighed reduced operational expenditure.
Previous estimates had suggested the shortfall could be as large as £7m.
Operating income fell 18% year-on-year from £45.2m in 2019 to £36.9m. The £8.3m hit came from being unable to hold exams at
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