Insurance Traineeship Programs General Insurance and Insurance Broking
Certificate III in Financial Services FNS30104 The Institute offers practical, flexible traineeships in general insurance and insurance broking. Institute traineeships are employment-based training programs delivered in your workplace and can be completed within two years. They are available to school-leavers, part-time secondary students, or anyone wishing to start a career in insurance at entry level. Traineeships are a great way to bring young people into your company and train them in your business culture. Institute traineeships have been benchmarked against the Australian Qualifications Framework (AQF), resulting in a nationally recognised and quality assured qualification. An individual insurance-based training plan will be developed in conjunction with your company for each trainee. On successful completion, the trainee earns:
- Certificate III in Financial Services
- ASIC Tier 2 compliance in general insurance.
Benefits for Employers The Institute’s Insurance Traineeship programs develop: Skilled, Versatile and Productive Workers
As all learning occurs on the job, Institute traineeships produce employees who become familiar with your work environment whilst also gaining insurance specific knowledge. Flexible Delivery
The Certificate III in Financial Services is delivered by a mix of distance learning resources, support from Institute staff and coaching by employer personnel in the workplace. This helps to minimise disruption to your day-to-day business and means that your trainee will be learning and gaining competence in the workplace whilst still contributing to business operations rather than attending external classes. Financial Incentives
Most employers are eligible to receive a government wage subsidy based on the trainee’s age and level of prior qualifications. Please contact your local Australian Apprenticeship Centre on 1800 338 022 for detailed information on government incentives. Course Structure
The Certificate III in Financial Services – General Insurance stream, and Certificate III in Financial Services – Insurance Broking stream, consists of the following sections for both streams: - Section 1: Working in an Office Environment
- Section 2: The Insurance Environment
- Section 3: The Financial Environment
- Section 4: The Legal Environment
- Section 5: Insurance Contracts Act
- Section 6: Corporations Act
- Section 7: Privacy
- Section 8: Codes of Practice and Dispute Resolution
The Certificate III is then divided into the following specialist sections for each stream: General Insurance Insurance Broking Assessment and Delivery The Certificate III in Financial Services combines the following elements: - High quality study materials
- Regular contact and support from the Institute’s traineeship coordinator
- Support and coaching from employer staff.
The course is assessed in a very practical manner, involving: - Completion of workplace based activities
- Assignments set by the Institute’s traineeship co-ordinator
- Observation of workplace activities by employer staff.
At the start of the traineeship, each trainee has an individual Training Plan created by the Institute’s traineeship co-ordinator in conjunction with their company. Based on each trainee’s strengths, the plan documents the delivery and assessment components and timelines for completion. ASIC PS146 Compliance Successful completion of Certificate III in Financial Services (either General Insurance stream or Insurance Broking stream) – fulfils ASIC PS146 Tier 2 compliance requirements for General Insurance. ANZIIF provides a range of pathways to gain Tier 1 compliance for general insurance or insurance broking following successful completion of the traineeship. Fees Total course costs are $3,200 per trainee – $2,000 payable on application, and $1,200 on a negotiated date during the program. ANZIIF Pathways to higher recognition Students who aspire to a successful career in the insurance industry are encouraged to undertake further industry qualifications and become a CIP (Certified Insurance Professional) member of the Institute once the traineeship is completed. Trainees can follow a formalised education pathway through the following steps: Contact Information
For further information about Institute insurance traineeship program Customer Service on (61 3) 9613 7280.
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