Insurance
Insurance Training Courses
Providing fit for purpose, industry-relevant learning is our way of ensuring you remain well-prepared in an evolving insurance landscape.
Insurance professionals must comply with a wide range of Australian laws and regulations, such as those enforced by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). The insurance sector is also governed by industry standards and codes of practice.
Our courses are suitable for professionals working with insurers, banks, comparison websites and other agents, insurance brokers, financial advisers, and superannuation funds that distribute general or life insurance products.
Stay up to date on your sector’s rules, regulations, and current issues.
General Corporate Compliance Training
Our General Corporate Compliance training is a suite of engaging modules designed to meet regulatory compliance and conduct requirements. Our modules are suitable for organisation wide training from front-line employees to management and leadership and directors.
Tailor your learning journey: Select specific modules your team requires allowing you to focus on just the areas that matter most.
Frequently Asked Questions
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.
Yes, you can choose to just enrol in our RG146 Insurance Broking program. This is the first subject in our Diploma.
Should you complete our Tier 1 Insurance broking program, this can be recognised towards our FNS51220 Diploma of Insurance broking if you decide to enrol into our full diploma at a later date.
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.
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.
- 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
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.
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.
We offer an online, modular approach, allowing you to study and complete one RG146 specialist knowledge area at a time.
To meet relevant training standards at the Tier 1 level, you must complete both Generic Knowledge and the specialist knowledge area you intend to provide general advice in.
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:
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.
To get started, either:
- Purchase course/s online. (You can add multiple courses to the cart.)
OR - Contact us to arrange a invoice.
Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.