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The Chartered Insurance Institute (CII) has reported a loss of £4.9m in 2020, down from a profit of £1.6m in 2019. In addition, its financial statement for 2020 also showed that operating income fell from £45.2m in 2019 to £36.9m in 2020. The CII also reported a deficit before tax of £3.8m in 2020, compared to a surplus before tax of £2.8m in the preceding year. The professional body stated that the pandemic had “significantly reduced” its ability to generate income in 2020, with the main Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.