Lloyd's - Pearson VUE

www.pearsonvue.co.ukHelping insurance examinersto prosper with advancedassessment practicesWith a global industry forecast at £3,150 billion by 2014 1 , the provision ofaccurate and reliable programmes to assess insurance professionals is essential.This fast-paced environment, whichsignificantly impacts on the greaterfinancial world, has traditionally reliedupon paper-based testing whenassessing its professionals. But thistime-consuming, inflexible and laboriousmethod is no longer viable.The Lloyd’s and the LondonMarket Introductory Test (LLMIT)The LLMIT is a multiple-choice exam forthose who are new to, or wish to gain agreater understanding of, the Londoninsurance market. The exam measuresunderstanding of how business is tradedand the roles and responsibilities ofthose involved. Its purpose is toenhance standards of knowledge,performance and customer carewhile providing professionals withan essential grounding in theworking practices and processes atLloyd’s.Need for computer-based testing(CBT)Historically, the LLMIT exam wasdelivered via paper-based testing.Lasting 90 minutes and comprising75 multiple-choice questions, candidateswere only able to take the exam fourtimes a year. This meant that if theyfailed they would have to wait until thenext sitting before retaking the exam.Learning material, a key part of theLLMIT, was spread across 11 text-heavyfiles. An exhaustive and time-demandingprocess, candidates found themselvesrestricted in developing other relevantskills, such as exam technique.Appointment of Pearson VUETo improve exam availability so thatcandidates could pursue certification assoon as they felt ready, Lloyd’s sought amore advanced and accessible methodof delivery. It was also imperative thatthe new solution allowed candidates towork through learning material moreeasily. Following a three-monthtendering process, Lloyd’s entered amulti-year partnership with Pearson VUEfor computer-based delivery of theLLMIT exam and publication of itslearning material.

Lloyd’s company benefits• Greatly improve service levels to candidates – faster resultdelivery, flexible test-taking• Highly secure test environment which reducesadministration• Opportunity to boost sales by selling official e-Learningcontent via www.mindhub.co.uk• Increased market awareness thanks to Pearson VUE’sglobal testing networkLloyd’s candidate benefits• Opportunity to obtain certification from a globallyrecognised market• Gain a solid insight into the insurance industry• Immediate results notification upon completion of test• Flexibility to choose when/where to take the test fromover 5,000 global centreseGlobal deliveryDelivery commenced in August 2010,with the provision of on-demand testingallowing candidates to sit the exam atany of over 5,000 Pearson VUE testcentres globally. Those wishing to retakethe exam can do so after four weeks,ensuring they have enough time to revisitthe e-Learning material found atwww.mindhub.co.uk, Pearson’s onlinestore for official learning content.e-LearningThe e-Learning element of the LLMIT hasbeen improved with the mindhub websiteproviding a one-stop-shop for e-Learningcontent. The replacement of text-heavy fileswith easy to access online material, alongwith the breakdown of text into manageablesubject areas, simplifies candidates’ learningexperience. Incorporation of graphics andvoice-over functions aid accessibility whilepre-tests for each section providecandidates with an indication of theirunderstanding in a subject.Highly secure, easy bookingLLMIT candidates are able to bookexams via the Pearson VUE website,www.pearsonvue.co.uk. Once paymenthas been processed, they are thenprovided with a code enabling themaccess to the e-Learning material andschedule their exam. Alternatively,employer organisations can set up apurchase order facility with Pearson VUEso that bulk purchases of access codescan be made and then issued tocandidates.Lloyd’s is the world’s leading specialist insurance market.Conducting business in over 200 countries and territoriesworldwide, it is often the first to insure new, unusual orcomplex risks.About Pearson VUEPearson VUE is the global leader in computer-based testing forinformation technology, academic, government and professionaltesting programs around the world. Pearson VUE provides a fullsuite of services from test development to data management,and delivers exams through the world’s most comprehensiveand secure network of test centers in more than 175 countries.Pearson VUE is a business of Pearson (NYSE: PSO; LSE: PSON),the international education and information company, whosebusinesses include the Financial Times Group, Pearson Educationand the Penguin Group.1http://www.reuters.com/article/2011/02/02/idUS224463+02-Feb-2011+BW20110202vuemarketing@pearson.comCopyright © 2011 Pearson Education, Inc. or its affiliate(s). All rights reserved. PearsonVUE.com, VUE and the Pearson VUE logo are trademarks, in the U.S. and/or other countries, of PearsonEducation, Inc. or its affiliate(s).