Our RG146 Insurance broking program covers the core and specialist knowledge and skills an insurance broker needs.
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.
If your organisation just markets its own brand of insurance products, or is an insurance broking practice that provides general advice only, you might like to consider our other general insurance programs.
- Interpret and comply with industry regulations and codes of practice
- Analyse client’s 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.
- Topic 1: Overview of financial services industry and regulation
- Topic 2: Operation of financial markets and the economy
- Topic 3: Financial markets and products
- Topic 4: Relevant legal principles and compliance
Assessment: Online multiple choice examination
Tier 1 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
Assessment: Online multiple choice examination + Online Skills Assessment
Units of competency
FNSINC411 Conduct work according to professional practices in the financial services industry
FNSRSK411 Apply risk management strategies to own work
FNSASICY513 Provide advice in insurance broking
FNSIBK416 Deliver insurance broking services
FNSIBK518 Implement changes to broking client’s insurance program
FNSIBK523 Prepare submissions for new insurance broking business
Recognition of Prior Learning
If you have completed Generic Knowledge and/or Tier 1 Skills in the past, we can recognise this prior learning on your certificate. Please send a copy of your transcript to firstname.lastname@example.org to check your eligibility.
On successful completion of our Insurance Broking program participants will be provided 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.
We estimate you will need approximately 40 hours study time to complete the program.
The program is offered by self study via our learning portal, FEP Online. It provides you with online learning resources, support and assessment.
You have 16 weeks from your enrolment date in which to complete the program.
For each subject, there is one (1) open-book knowledge examination comprising of forty (40) multiple choice questions. You are given two (2) attempts with a required 80% pass mark. A practice assessment is available to you.
You are also required to complete an online skills assessment.