The InstituteThe Australian and New Zealand Institute of Insurance and Finance

As the leading professional membership and education body for the insurance industry the Institute is uniquely placed to offer brokers a full 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 broking community the best mix of quality and affordable services.

The Institute offers two professional qualifications in Insurance Broking:


Certificate III in Insurance Broking
- Traineeship [FNS30610]

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 available (Australian students only)
Duration 1-2 years depending on state requirements
Delivery 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 Affiliate
Further Education

The next step in a career in insurance is the Diploma of Insurance Broking.

Course Content

The Certificate III in Insurance Broking 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 clients
  • Section 10 - Claims.


Diploma of Insurance Broking [FNS51210]

The Institute’s Diploma of Insurance Broking is designed for general insurance brokers employed at an account executive or broking manager level, and provides Senior Associate Certified Insurance Professional (CIP) membership of the Institute – the benchmark for industry professionalism.

The Diploma develops technical knowledge and skills to effectively manage a broking business and provide quality insurance services to clients.

Fee

Australia and International: A$1,045 per module

New Zealand: NZ$1,040 per module

Emerging Markets: A$730 per module

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 ...

ASIC Compliance

RG146 Tier 1 Insurance Broking
RG 104 and 105 (Australian modules only)

Membership Outcome Senior Associate CIP
Further Education

Upon completion of the Diploma students are eligible for credit into the Bachelor of Business (Insurance) at Charles Sturt University.

Course Content

To be awarded the Diploma of Insurance Broking students must complete four core modules and one elective module:

  • IB501 Providing Customer Advice
  • IB502 Insurance Law and Regulation for Brokers OR IB506 New Zealand Insurance Law and Regulation for Brokers (New Zealand Students)
  • IB503 Claims Handling for Brokers
  • IB504 Risk Assessment and Management

Elective modules

  • IB505 Managing Broking Operations
  • IB507 Insurance Products


More Information


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