Tier 1 RG146 Insurance Broking Program

RG 146 Insurance Broking

Insurance brokers play an important role in insurance markets, comparing general insurance products from multiple providers to develop risk management solutions for clients, particularly businesses and customers with complex needs.

Our RG146 Insurance broking program:

  • provides an enrolment period of up to 16 weeks, but experienced professionals can complete in less time
  • covers the core and specialist knowledge and skills an insurance broker needs
  • meets ASIC Regulatory Guide 146 (RG146) education requirements for providing general and personal advice with broking clients.

 

Program Content

Generic Knowledge

  • Topic 1: Financial services regulation and licensing
  • Topic 2: Operation of financial markets and the economy
  • Topic 3: Financial market products
  • Topic 4: Application of cross-industry laws in financial services

Insurance Broking

  • Topic 1: Introduction to insurance markets
  • Topic 2: Specialist general insurance knowledge
  • Topic 3: Overview of the insurance broking process
  • Topic 4: Insurance broking skills

 

Program Content

Learning Outcomes

What you will learn

  • Best practice in analysing client needs, financial situation and risk profile
  • Tips for preparing appropriate general insurance strategies or solutions
  • Guidance on providing accurate and ethical advice on general insurance products and services
  • Considerations for implementing general insurance plans, policies or transactions once agreed by the client
  • How to interpret and comply with insurance law, regulatory guidance and industry codes of practice.

Who is this course for?

  • New entrants starting a career in Insurance Broking
  • New or existing brokers wanting to provide personal or general advice in general insurance products
  • Brokers seeking to update their initial general insurance compliance and extend their authorisations to insurance broking

Units of Competency

  • FNSASICY513 Provide advice in insurance broking
  • FNSIBK416 Deliver insurance broking services
  • FNSIBK518 Implement changes to insurance programs of broking clients
  • FNSIBK523 Prepare submissions for new insurance broking business

Pre-requisite

Recognition of Prior Learning

We do not offer Recognition of Prior Learning for this course.

Certification

On successful completion of our Insurance Broking program participants will be awarded a Statement of Attainment that:

  • confirms they are RG 146 compliant to provide personal advice in Insurance Broking
  • lists the units of competency they have been awarded.

Launch your Career

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Frequently Asked Questions

Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.

  • You have up to 16 weeks to complete the learning and assessment requirements for your RG146 Insurance Broking Course.
  • Experienced professionals can complete in less time

  • Open book multiple choice examination after each topic. If you are unsuccessful, you can request up to 3 attempts.
  • Case study based assignment (2 submissions included)

Under their Australian financial services licensing obligations, some firms are required to meet additional standards if any representatives give advice to retail clients (RG146). To assist AFS Licensees, we follow the syllabus prescribed by the Australian Securities and Investments Commission (ASIC) for each Tier 1 and Tier 2 specialist knowledge area. We are a Registered Training Organisation and an ASIC Authorised Assessor, so you can be assured that each RG146 course covers all the elements ASIC has specified advisers should learn. (RG 146.87).

FEP is an education provider, so cannot guide you on a career path. You could start with chatting to an employer or prospective employer to determine what you would need to do. You could also check the following:

Yes, This program is offered by self study via our online learning portal, FEP Online. It provides you with online learning resources, online assessment and insightful tracking and reporting.
What is FEPs Mortgage and Credit CPD program?2021-12-17T10:41:43+11:00

Our Credit and Mortgage Broking CPD (RG206) is an essential annual update for credit licencees. It covers everything you need to know in one convenient online course.  Each program earning 20 CPD points.

Our programs are packed full of essential regulatory updates and practical tips for achieving the best outcomes for your clients, efficiently and compliantly.

What others say about us

Parallels real workplace experience.

We have been using FEP for a number of years now. The course materials are highly professional and parallels real workplace experience. Staff greatly value participating in meaningful external training and are the greatest advocates.

Efficient, informative and accessible.

The content is well set out, clear and precise. My organisation does the course every year and we are continuing to learn new and interesting things with each new offering. The content is up to date with the industry and completely relevant to my role. I had all the support and learning resources available to get it done…

Extremely relevant and meaningful.

Our firm exclusively uses the services of Financial Education Professionals for all of our ongoing RG146, compliance and responsible manager training for our team. We find course materials extremely relevant and meaningful and this allows our team to have up to date, practical knowledge.

Peter McGuire, CEO, XM