The Institute has been around for over 120 years in one form or another, making it one of the oldest and most respected professional associations in the region.
The Victorian Insurance Institute was formed in July 1884 and was followed by the New South Wales Insurance in August of the same year. In 1911, the Western Australia Insurance Institute came into existence and the South Australia Insurance Institute did so in 1913.
Across the Tasman, the Insurance Institute of New Zealand (IINZ) formed 1937 through the merger of the Insurance Officers Guild of New Zealand (formed 1920) and the Faculty of Insurance (formed 1933).
The federalist Institute model had been proposed originally in Australia in 1887, but it was not until 1919 that the state Institutes formed 'The Incorporated Australian Insurance Institute' (the word Incorporated was dropped in 1964).
In October 2000, members of both the AII and IINZ voted to merge the two professional associations and the new name of the Australian and New Zealand Institute of Insurance and Finance was adopted. The Australian state-based Institutes, who continued to operate, followed suit in the next twelve months, becoming fully affiliated with the new body.
2004 marked 120 years since the first Institute was established and 2006 saw the Institute celebrate five years as the leading provider of insurance and financial services education, training and professional services in Australia, New Zealand and the Asia Pacific.