Insurance2022-06-28T17:43:03+10:00

Insurance Courses

Insurance

What is insurance?

We all have items or situations that we consider valuable. Which is where insurance comes in – policies consumers take up to protect precious things or their lifestyle.

If you work for an insurer, bank, insurance broker, financial adviser or superannuation fund that distributes general or life insurance products, we have the right learning solutions for you.

Our insurance solutions include:

  • initial accreditation
  • continuing education
  • qualifications and
  • tailored solutions for your team.

RG146 General Insurance

Our General Insurance programs are designed for organisations and employees who sell general, personal and business insurance products as defined in RG 146.

Learn the fundamentals of general insurance in Australia, how insurance works, the key players in the market, the features and characteristics of insurance products, and the legal environment it operates in.

Most general insurance products are Tier 2. Tier 1 General Insurance incorporates coverage of personal sickness and accident insurance.

Tier 1 Insurance Broking

Our RG146 insurance broking program is for new or existing brokers wanting to provide personal or general advice in general insurance products. It is also suitable for brokers seeking to update their initial general insurance compliance and extend their authorisations to insurance broking.

Tier 1 Insurance Broking  meets ASIC Regulatory Guide 146 (RG146) education requirements for providing general and personal advice with broking clients.

FNS51220 Diploma of Insurance Broking

Our nationally recognised qualification FNS51220 Diploma of Insurance Broking is designed to provide relevant industry knowledge and skills for a successful career in insurance broking.

Our FNS51220 Diploma of Insurance Broking is suitable for

  • Insurance brokers upskilling or updating current credentials
  • Industry professionals expanding or transitioning into insurance broking
  • New entrants seeking to pursue a career in the general insurance sector.

Insurance Accreditation and Certification

Frequently Asked Questions

What is an insurance broker?2022-06-28T15:24:02+10:00

An insurance broker is a specialist adviser who acts as an intermediary between a client and an insurance company. They have access to many different insurance companies and policies, and arrange insurance on the buyer’s behalf; they are paid by the buyer. Insurance brokers play a pivotal role in supporting clients’ access to the market, increasing their choice of policy and reducing instances of underinsurance.

What is General Insurance?2022-06-28T15:27:43+10:00

There are three types of general insurance:

  • property insurance
  • liability insurance, and
  • sickness and accident insurance.

Personal sickness and accident policies are offered by general insurance companies but are more complex than other types of policies offered by general insurance companies. This is underscored by Corporations law’s and ASIC’s RG 146 regulatory guidance that personal sickness and accident insurance should be treated as a Tier 1, requiring a high level of training (Diploma equivalent).

All other forms of general insurance are designated Tier 2, requiring lower level training.

What is the difference between Tier 1 and Tier 2 General Insurance?2022-06-02T13:49:07+10:00

Most general insurance products are Tier 2. There is only Tier 1 General Insurance product – Personal Sickness and Accident Insurance.

To be fully compliant in Tier 1 General Insurance you also need to study, or to have previously studied, Generic Knowledge. Tier 2 General Insurance study includes coverage of some regulatory requirements prescribed by ASIC in RG146 but not Generic Knowledge in its entirety.

What tiers of General Insurance do each of your RG146 Insurance courses cover?2022-06-28T17:27:43+10:00

We offer:

Our Tier 1 General Insurance and Insurance Broking courses both cover Tier 2 General Insurance PLUS an additional topic on the one and only Tier 1 General Insurance product, i.e. Personal Sickness and Accident Insurance.

Tier 1 RG146 Insurance Broking includes all the content covered in Tier 1 RG146 General Insurance PLUS extra content and competencies specific to being a broker.

I am looking for a career as an insurance broker. Where can I start?2022-06-02T13:49:24+10:00

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:

Who is the FNS51220 Diploma of Insurance Broking suitable for?2022-06-02T13:49:44+10:00

Our FNS51220 Diploma of Insurance Broking is suitable for financial services professionals who want to become an insurance broker in the general insurance sector, including;

  • Insurance brokers upskilling or updating current credentials
  • Industry professionals expanding or transitioning into insurance broking
  • New entrants seeking to pursue a career in the general insurance sector

Need help finding the right course?

Speak to our expert team

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

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