As the leading professional membership and education body for the insurance and financial services industry the Institute is uniquely placed to offer people working in general insurance a range of professional solutions.
From professional recognition through Institute membership to internationally recognised qualifications and practical, day-to-day professional development activities designed to meet regulatory requirements, the Institute offers the general insurance community the best mix of quality and affordable services.
The Institute offers three professional qualifications in General Insurance:
Certificate III in General Insurance
- Traineeship [FNS30510] |
The starting point for school-leavers or anyone wishing to develop a career in insurance at entry level, the Certificate III traineeship is a government subsidised employment-based training program that gives new entrants a solid introduction to the insurance industry and provides a foundation for further development.
| Fee |
Government funding is available for eligible Australian students. |
| Duration |
1-2 years depending on state requirements |
| Delivery |
Mix of distance learning and coaching by employers personnel in the workplace. |
| Assessment |
Assessment for each module consists of:
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| Membership Outcome |
Affiliate |
| ASIC Compliance |
Tier 2 General Insurance
(Australian Modules only) |
| Further Education |
For those wanting to go onto study the Certificate IV in General Insurance, the Certificate III along with the completion of a bridging module gives you credit for GI401 Serving the Customer. |
Course Content
The Certificate III in General Insurance is broken up into the following ten sections:
- Section 1 - Working in an office environment
- Section 2 - The insurance market
- Section 3 - The financial environment
- Section 4 - The legal environment
- Section 5 - The Insurance Contracts Act
- Section 6 - The Corporations Act
- Section 7 - Privacy
- Section 8 - Code of Practice and dispute resolution
- Section 9 - Working with customers
- Section 10 - Claims.
Certificate IV in General Insurance [FNS41411] |
The essential qualification for those who handle claims, issue domestic insurance contracts, deal with customer enquiries, appoint intermediaries to investigate standard claims and initiate claims recovery, the Certificate IV in General Insurance is a great start to a career in insurance.
Upon completion of the Certificate IV in General Insurance, graduates will become an Associate Certified Insurance Professional (CIP) of the Institute and will have met all requirements for ASIC Tier 1 compliance for general insurance.
| Fee |
Distance Learning
Australia and International: A$1,045 per module New Zealand: NZ$1,040 per module Emerging Markets: A$730 per module A$800 GIBF41 module |
| Traineeship |
Government funding is available for eligible Australian students. |
| Duration |
Six modules: Each study period lasts 12 weeks. (Students are able to study a maximum of two modules per study period.) |
| Delivery |
Distance Learning or Traineeship |
| Assessment |
Assessment for each module consists of:
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| Membership Outcome |
Associate CIP |
| ASIC Compliance |
Tier 1 Personal Accident and Sickness
(Australian Modules only) |
| Further Education |
Upon completion of the Certificate IV, students are eligible to enrol in the Diploma of General Insurance. |
Course Content
To be awarded the Certificate IV in General Insurance students must complete the following six modules:
-
GI401 Serving the Customer
-
GI402 Insurance Law and Regulation OR
GI406 New Zealand Insurance Law and Regulation (New Zealand Students)
-
GI403 Insurance Products
-
GI404 Introduction to Underwriting
-
GI405 Claims Handling
-
GIBF41 Business Fundamentals for General Insurance - Level 4.
Diploma of General Insurance [FNS51110] |
The Institute's Diploma of General Insurance is designed for general insurance employees who lead a claims or underwriting team; handle complex claims; underwrite complex risk; initiate and respond to legal action in relation to claims; survey risk exposure; implement claims recovery and review portfolio performance.
Completion of this provides Senior Associate CIP membership of the Institute – the benchmark for industry professionalism.
| Fee |
Australia and International: A$1,260 per module New Zealand: NZ$1,290 per module Emerging Markets: A$880 per module |
| Traineeship |
Government funding is available for eligible Australian students. |
| Duration |
Five modules: Each study period lasts 12 weeks. (Students are able to study more than one module per study period.) |
| Delivery |
Distance Learning |
| Assessment |
Assessment for each module consists of:
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| Membership Outcome |
Senior Associate CIP |
| Specialties Available |
- Liability
- Personal Lines
- Commercial Lines
- Marine
- Statuatory Classes
|
| Prerequisite |
Certificate IV in General Insurance |
| Further Education |
Completion of the Diploma provides credit into the Bachelor of Business (Insurance) at Charles Sturt University (CSU). Find out more ... |
Course Content
The Diploma is comprised of four modules and it is estimated that each module will encompass 50-70 hours of study time. Students must study one claims and one underwriting module (both of these modules must belong to the same speciality class), a third module of their choice and finally, the compulsory risk management module (GI512).
Liability
Personal Lines
- GI503 Personal Lines Claims Management
- GI504 Personal Lines Underwriting Management
Commercial Lines
- GI505 Commercial Lines Claims Management
- GI506 Commercial Lines Underwriting Management
Marine
- GI507 Marine Claims Management
- GI508 Marine Underwriting Management
Statutory classes
- GI509 Statutory Classes Claims Management
- GI510 Statutory Classes Underwriting Management
Additional modules
- GI511 Reinsurance
- GI512 Risk Management