Financial Education Professionals

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:

  • 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.

We are a Registered Training Organisation and an ASIC Authorised Assessor, so you can be assured that FEP’s courses comply with ASIC’s requirements (RG 146.87).

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

Learning Outcomes

  • Interpret and comply with industry regulations and codes of practice
  • Analyse client needs, financial situation and risk profile, and prepare appropriate general insurance strategies or solutions
  • Provide accurate and ethical advice on insurance broking products and services
  • Implement general insurance plans, policies or transactions once agreed by the client and complete documentation accurately.

What you will learn

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

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.

Start your career in Insurance Broking

Download Brochure

Frequently Asked Questions

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.
How long do I have to complete the program?2021-10-15T23:40:40+11:00

Once enrolled, you have until 30 June 2022 to complete the 2021-22 program.

If you have questions about financial services regulation and what training is needed to satisfy requirements, information can be found in

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