This qualification is designed for individuals working as insurance brokers within a range of organisations. It supports the role of the professional insurance broking adviser who assists individuals and businesses identify their risks and recommends how these can be managed using insurance and other risk management strategies.
Individuals in these roles may specialise in providing advice services to retail, business or large corporate consumers and may deal with a variety of types of insurances provided by the general and life insurance sectors in servicing client needs. They have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
These are the outcomes of graduates surveyed six months after completing their training for similar courses 'Diploma in the field of Management and Commerce'
Nil.
For more information about financial support and subsidies for training, please refer to the Financial assistance page
Total number of units = 10
7 core units plus
3 elective units
The elective units consist of:
The remaining unit may be from:
The elective units chosen must be relevant to the work outcome and meet local industry needs.
Core Units
FNSIBK406 Deliver professional insurance broking services
FNSIBK507 Review service performance
FNSIBK508 Implement changes to broking client's insurance program
FNSIBK512 Negotiate complex claims settlement for insurance broking client
FNSIBK513 Prepare submission for new business
FNSIBK514 Manage complex risk portfolio for a broking client
FNSIBK515 Monitor broking client requirements and establish loss control programs
Elective Units
ASIC Tier 1
FNSASICY503* Provide advice in insurance broking
Customer service and sales
BSBCUS501 Manage quality customer service
BSBMKG501 Identify and evaluate marketing opportunities
FNSCUS504 Manage premium customer relationships
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
FNSSAM501 Apply advanced selling techniques to selling of financial products and services
FNSSAM502 Assess market needs
FNSSAM503 Monitor market opportunities
Finance
BSBFIM501 Manage budgets and financial plans
Information management
BSBRES401 Analyse and present research information
BSBINM501 Manage an information or knowledge management system
Operations
BSBCOM503 Develop processes for the management of breaches in compliance requirements
BSBMGT516 Facilitate continuous improvement
BSBMGT517 Manage operational plan
Risk management
BSBRSK501 Manage risk
FNSRSK501 Undertake risk identification
FNSRSK502 Assess risks
FNSINC602 Interpret and use financial statistics and tools
Team and organisation
BSBWOR501 Manage personal work priorities and professional development
BSBWOR502 Lead and manage team effectiveness
BSBMGT502 Manage people performance
BSBSLS502 Lead and manage a sales team
*Note the following prerequisite unit requirements:
|
Unit in this qualification |
Prerequisite unit |
|
FNSASICY503 Provide advice in insurance broking |
FNSIBK406 Deliver professional insurance broking services FNSIBK508 Implement changes to broking client’s insurance program FNSIBK513 Prepare submission for new business |
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This organisation only provides assessment services for this course
For more information about this provider’s delivery of , please contact the training provider directly.
Provider code:
Course length:
Study mode:
Course available as an Australian Apprenticeship
or Traineeship
Course and additional fees information
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Online (training available online or via
email submission)
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This provider has not supplied specific information about their delivery of Please contact them below for further details |
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This training organisation provides:
Delivery and assessment services.
Assessment only services.
Courses of study through Australian
Apprenticeships and Traineeships.
Recognition for prior learning.
Financial assistance via VET Student Loans.
Training provider type
Registration status
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This training provider offers courses in the following delivery modes:
The following facilities are required at the training site:
Offsite training is avaliable in the following locations:
Within a radius of Km from
Limited to the following cities:
Limited to the following postcodes:
Online (training available online or via
email submission)
Distance (training available via correspondence)
Attendance required (training includes some
fixed-time online lectures or fixed time class components)
Fixed submission dates (assessment pieces
have set submission dates)
Self-paced (training has no set class times
of set submission dates)
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This RTO can offer VET Student Loans for certain approved courses. A VET Student Loan is a capped loan from the Australian Government to help you pay your tuition fees. Your initial loan debt amount (loan and loan fee, if applicable), plus indexation, must be paid back once you start earning over a certain amount. The amount for the 2016-2017 income year is $54,869.
For more information, visit the Department of Education and Training or StudyAssist.
These are the outcomes of graduates surveyed six months after completing their training for similar courses 'Diploma in the field of Management and Commerce'
Of those employed after training, were in the same occupation as their course.
| Destination after training |
This course |
Similar courses |
All Diploma courses |
|---|---|---|---|
| Employed or in further study after training (%) | - | 89.9 | 88.1 |
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Employment outcomes:
Employed (%)
Full-time (%)
Part-time (%)
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-
-
-
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82.2
61.2
20.7
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78.4
46.3
31.9
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Further study outcomes:
Enrolled at University (%)
Enrolled at TAFE (%)
Enrolled at Other provider (%)
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-
-
-
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11.5
6.2
16.3
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15.2
6.6
13.2
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| Satisfied with the training (%) | - | 86 | 84.3 |
| Received job-related benefits from training (%) | - | 56 | 63.7 |
| Received personal benefits from training (%) | - | 93 | 94.8 |
| Achieved main reason for undertaking training (%) | - | 80.7 | 82 |
| Recommend the training to other (%) | - | 90.7 | 90.1 |
| Employment status |
This course |
Similar courses |
All Diploma courses |
|---|---|---|---|
| Median salary (Full-time) ($) | - | 52 200 | 44 300 |
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Top Occupations (%):
Clerical and Administrative Workers
Professionals
Managers
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26.2
24.4
22.5
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30.7
21.6
14.5
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Top Industries (%):
Financial and Insurance Services
Health Care and Social Assistance
Public Administration and Safety
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14.9
13.9
11.7
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28.6
10.3
7.8
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| Employment status |
This course |
Similar courses |
All Diploma courses |
|---|---|---|---|
| Employed after training (%) | - | 92.3 | 89.3 |
| Median salary (Employed full-time) ($) | - | 54 900 | 46 800 |
| Enrolled in further study (%) | - | 32.5 | 33.3 |
| Satisfied with the training (%) | - | 86.4 | 84.6 |
| Achieved main reason for undertaking training (%) | - | 83.4 | 84.9 |
| Employment status |
This course |
Similar courses |
All Diploma courses |
|---|---|---|---|
| Employed after training (%) | - | 35.9 | 43.4 |
| Median salary (Employed full-time) ($) | - | 35 400 | 39 000 |
| Enrolled in further study (%) | - | 41.4 | 40.1 |
| Satisfied with the training (%) | - | 84.4 | 83.8 |
| Achieved main reason for undertaking training (%) | - | 67.2 | 73.3 |
Please Note:
All statistics are supplied by the National Centre for Vocational Education Research.
* The estimate has a relative standard error greater than 25% and therefore should
be used with caution.
** NCVER does not report on estimates based on less than 5 respondents because the
estimates are unreliable.
For more information, please refer to the Statistics
Explained page.
| Stream | Certificate II | Certificate III | Certificate IV | Diploma | Advanced Diploma |
|---|---|---|---|---|---|
| Insurance Services |
| Stream | Certificate II | Certificate III | Certificate IV | Diploma | Advanced Diploma |
|---|---|---|---|---|---|
| Financial Planning | |||||
| Banking and Credit Services | |||||
| Superannuation | |||||
| General | |||||
| Personal Injury Management Insurance | |||||
| Trust Administration | |||||
| Accounting |
Note: Information provided as a guide only. Chart developed by the Australian Apprenticeships & Traineeships Information Service (aatinfo.com.au). Information in this chart may be reproduced with acknowledgement of its source: "The Australian Apprenticeships & Traineeships Information Service (aapathways.com.au/jpc) funded by the Australian Government Department of Education and Training".
