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Fellowship Existing Institute members or those with significant education and vocational experience may upgrade to Fellowship of the Institute - the most prestigious level of Institute membership. A member may become a Fellow CIP of the Institute by obtaining 100 points through the Fellowship Passport System. The Fellowship Passport System considers a variety of factors, including postgraduate qualifications, industry experience, relevant university studies and professional development that contribute to the requirements for CIP Fellowship. Each factor is assigned a specific value using a points-based system. Prospective Fellows are able to allocate and combine the points under each category, as relevant to their situation, to attain the required 100 points to be eligible for CIP Fellowship. A total of 100 points and a minimum of two years’ insurance/finance industry work experience are required to be eligible for election to Fellowship. Applicants will be required to supply certified documentation supporting their application. Fellowship Passport | Category | Points | Deakin University (Australia): Graduate Diploma of Insurance; Graduate Diploma of Financial Services (Insurance); Graduate Diploma of Financial Services (Financial Planning); Master of Insurance and Risk Management; MBA and Masters of Commerce (Insurance/Financial Planning specialisations is required) Charles Sturt University (Australia): Master of Applied Finance^ Nankai University (China): Postgraduate qualification with at least six subjects majoring in insurance The Central University of Finance and Economics (CUFE) (China): Postgraduate qualification with at least six subjects majoring in insurance | 100 | | Completion of a post-graduate qualification with at least four subjects directly applicable to the insurance/finance sector (This includes insurance, life insurance, superannuation, financial planning, reinsurance, risk management, actuarial studies, loss adjusting, distribution and insurance law)* | 80 | | Completion of a post-graduate qualification in finance, commerce, business, law, economics, accounting, management, marketing* | 60 | | Advanced Diploma of Financial Planning and Risk Management | 25 | | Charles Sturt University (Australia): Bachelor of Business (Insurance) | 25 | | Senior Associate CIP of the Institute or the completion of a specific insurance/finance qualification equivalent to the ANZIIF Diploma level** | 25 | | University of Technology Sydney (UTS) (Australia) – Executive Certificate in Insurance | 25 | | Associate CIP of the Institute or the completion of a specific insurance/finance qualification equivalent to the ANZIIF Certificate IV level** | 20 | | 10 or more years’ industry experience (a written application is required confirming that insurance/financial services activity has been the applicant’s central role for 10 years) | 10 | Completion of Australian Securities Investments Commission (ASIC) PS 146 Tier 1 compliance or other overseas law and regulation training recognised
by the Institute*** | 10 | | Completion of the Institute’s ethics module via InSITE | 5 | Applicants who are within five (5) points of gaining Fellowship may submit an application to the Institute requesting consideration of their individual case.
Applicants will need to provide evidence that their specific circumstances are worthy of review and consideration for the discretionary award of five (5) points. For example, demonstrated exceptional leadership in the industry beyond the scope of what is outlined in the Fellowship Passport.
The Institute’s Fellowship Review Committee has the discretion to review the application and determine whether Fellowship will be granted. |
^ Applicants need to have completed an Institute award course in addition to the completion of Masters of Applied Finance to achieve 100 points.
* Points may only be accrued once for undertaking one post graduate qualification.
** Points may only be accrued once for undertaking either a Certificate IV or a Diploma.
*** Points can only be accrued once for undertaking ASIC compliance modules. Similarly, an overseas applicant can only accrue points once for undertaking other
overseas law and regulation training recognised by the Institute
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