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Advanced Diploma of Insurance Broking FNS60110

  • Sector: Insurance Broking
  • ASIC accreditation: Responsible Manager
  • NIBA College membership: Fellow
  • Pre-requisite: Diploma of Financial Services
  • Award: Advanced Diploma of Financial Services

The program suits brokers working in both the life and general insurance sectors and satisfies ASIC training requirements for broker licensees or responsible managers.

This qualification builds on each candidate’s broking knowledge and most will find it useful to have completed a prior qualification, such as a diploma or university studies in a relevant area of financial services.

The Advanced Diploma can be undertaken by completing coursework or by Senior Professional Assessment.
Advanced Diploma by Coursework

If you are seeking to develop your brokerage and client management skills your best option is to complete the six module coursework program. The program is highly interactive with a strong emphasis on working on individual projects that have direct application and relevance to your job role:

Module 1 Orientation to Professional Practice covers what it means to be a professional broker and the role of business ethics and regulatory frameworks in developing and managing broking services.

Module 2 Broking Services Management covers identifying opportunities and constraints for the broking business, preparing a business plan for broking services and identifying the processes for implementing, monitoring and evaluating the plan.

Module 3 Insurance Broking Operations covers managing the operational plan to effectively implement support services in the brokerage, manage ongoing service performance and handle the compliance issues relating to the delivery of advice services.

Module 4 Sales and Marketing Management covers planning and implementing sales and marketing strategies for broking services. This includes developing a detailed process for devising and implementing new business strategies in order to expand a client portfolio.

Module 5 Managing Client Insurance Programs covers designing processes to analyse client risks and design an appropriate insurance and risk management solution for clients. The module also covers processes to manage the contractual obligations for the insurance products offered in the brokerage.
 
Module 6 Professional Skills is an elective unit which focuses on key skills required by senior brokers in developing sound effective working relationships with clients, staff, suppliers and other industry contacts. Course participants may choose one of the following topics according to professional interests and career needs:

A) Client Relationship Management covers the skills required to establish, manage and monitor key relationships

B) Networking and Collaboration covers the skills to establish and maintain strategic networks and collaborative relationships

C) Leadership in a Broking Practice covers the skills to develop the capabilities of others within the broking organisation and provide a role model for professional practice.

Click here to enrol in this program

Course Fees
Terms of Study