FAQ

Frequently asked questions


IS THE 'ANZIIF NEW ZEALAND COMPLIANCE FOR ADVISERS' (GENERAL INSURANCE AND GENERAL INSURANCE BROKING)’ EQUIVALENT TO NZQA LEVEL 5?

Yes. The FMA has been advised that the industry training organisation, The Skills Organisation, has successfully completed an equivalency assessment of ANZIIF’s Compliance Certificates for General Insurance and General Insurance Broking. The Skills Organisation has confirmed that ANZIIF’s Compliance Certificates for General Insurance and General Insurance Broking meet the qualification outcomes of the New Zealand Certificate in Financial Services (Level 5) Version 2 - General Insurance Strand.

Find out more from Skills Organisation

what are ANZIIF skills units?

Skills Units are fully online, interactive short courses that can be completed in 5-7 weeks. Skills Units focus on specific insurance skills and utilise real-world scenarios, they can be studied individually or combined to attain a range of qualifications. Our education is built around active learning so that you can apply your knowledge in practice to improve everyday work. To learn more about ANZIIF Skills Units, watch our video or visit the ANZIIF Skills Units FAQ.

WHAT IS THE ANZIIF BRIDGING UNIT?

The bridging unit was developed to ensure that when achieved in combination with ANZIIF skills units (ANZIIF New Zealand Compliance for Advisers in General Insurance and General Insurance Broking), students can acquire the equivalent to the general qualification outcomes of the New Zealand Certificate in Financial Services (Level 5) version 2.

can i RECEIVE recognition of prior learning (RPL) for the bridging unit?

No. The bridging unit covers new standards that have been introduced in the Code, this content will not have been covered anywhere else and will need to be studied.

what is the cost of the 'ANZIIF New Zealand Compliance for advisers'?

The ANZIIF Bridging unit for General Insurance stream is $90 (NZD) through study.
The ANZIIF Bridging unit for General Insurance Broking stream is $90 (NZD) through study. 

All pricing below in NZD

NZ compliance units

IF I HAVE COMPLETED some STUDY, WHAT UNITS CAN BE COUNTED TOWARDS THE ADVISER COMPLIANCE QUALIFICATION?

If in the course of previous study the following units were not successfully completed, candidates with 2 or more years' experience can seek Recognition of Prior Learning (RPL) towards them.

For General Insurance stream:

  • GE1N001 / GE1N021 – Communicating and discussing options with clients 
  • GE2N002 / GE2N022 – Understand general insurance products and policies
  • GE3N004 / GE3N024 – General Insurance law and regulation 
  • UW2N002 / UW2N022 – Understand the core processes of underwriting 

For General Insurance Broking stream:

  • BR3N003 / BR3N023 - Prepare a submission for new business 
  • BR3N011 / BR3N021 - Provide professional insurance broking services and advice
  • BR3N008 / BR3N028 - General Insurance Law and Regulation for brokers 
  • GE2N002 / GE2N022 - Understand General Insurance products and policies 

Contact [email protected] for more information.

HOW IS ANZIIF DIFFERENT TO OTHER EDUCATION AND TRAINING PROVIDERS?

ANZIIF learning pathways deliver highly engaging and interactive learning at the level 5 requirement. Becoming an ANZIIF member also opens the door to hundreds of premium articles videos and learning materials from experienced Insurance professionals. Our learning modules are flexible and tailored to each sector's learning needs. Our education team work hard to put together case studies and interactive scenarios that emulate real life situations and challenges faced in your professional environment. 

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For more resources relating to compliance please visit any of the following external links:

  1. FMA – The New Regime
  2. FMA – Code of Professional Conduct for Financial Advice Services
  3. FMA – Licensing; Who, Why & How and Fees & Levies
  4. FMA - Disclosure; Overview and Regulations
  5. FMA – Registration
  6. FMA – Timeline
  7. FMA – Glossary of Terms