IBF SINGAPORE ACCREDITATION


The ANZIIF Executive Certificate in General Insurance Broking is an internationally recognised certificate, designed for insurance broking professionals with four or more years’ experience. This certificate is comprised of eight compulsory Skills Units. Four Skills Units have been accredited by the Institute of Banking and Finance Singapore's Standards Training Scheme ("IBF-STS") as of February 2021. Check the COMPULSORY SKILLS UNITS section for more details. 

Register your interest and be the first to hear when more ANZIIF Skills Units have been accredited. 

Register Your Interest


With the Skills Units being accredited by the IBF-STS, they qualify for the Enhanced Funding Support*, and the IBF Credit** for company-sponsored and self-sponsored participants who are Singaporeans or PRs, subject to all eligibility criteria being met. 


Eligible company-sponsored training participants who commence the course on or after 8 April 2020 up to 30 June 2021, and successfully complete the course no later than 30 September 2021 will also receive an amount of Training Allowance Grant*** in accordance with the actual learning duration.


Click for more details about the fund and eligibility


  • For Self-sponsored Individuals:
 Funding Structure
 Course fee of one unit (24-hour training duration)  AU$425
Enhanced Funding Support 90% of the course fee 
$382.5
IBF Credit 5% of the course fee $21.25
Effective Support Enhanced Funding Support + IBF Credit $403.75
 
  • For Financial Institutions and FinTech Firms:
Funding Structure 
 Course fee of one unit (24-hour training duration)
AU$425 
Enhanced Funding Support 90% of the course fee 
$382.5 
IBF Credit 5% of the course fee $21.25 
Total Effective Support  Enhanced Funding Support + IBF Credit + TAG $763.75

   Check if your employer is eligible for the TAG

*The Enhanced Funding Support for IBF-STS and FTS courses continue to be available until 31 December 2021.

** IBF Credit will apply to IBF recognised courses that commence on or after 8 April 2020, up to 30 June 2021, and are completed no later than 30 September 2021.

***The Training Allowance Grant will be accorded to eligible participants who successfully complete the IBF-STS accredited course. Course duration (training and assessment) will be based on actual time completed by the eligible participants and rounded down to the nearest 0.5 hours, and not more than the total approved programme duration of 24.5 hours. ANZIIF will track and tabulate the total time taken for each participant to complete the e-learning and assessment, and hence TAG to be accorded would differ amongst eligible participants. Eligible individuals will receive the Training Allowance Grant (TAG) at $10 per training hour upon completion, and $15 per training hour for qualified companies. 

ENROLMENT


Find accredited Skills Units in the COMPULSORY SKILLS UNITS section of this page and follow the Enrol Now button to complete the enrolment. 

To apply for the IBF-STS subsidy (90% of the course fee), enrol and commence the course by 31 December 2021, and email a scanned copy of your Singapore National Recognition Identity Card (must be in full colour and both sides) to [email protected] with the subject line "IBF-STS Subsidy Application - [your full name]", within one month of the completion of each Skills Unit. 

Contact [email protected] for more information. For company bulk enrolment assistance, contact Bryce Yeo at [email protected] .


Course Structure

The certificate is comprised of eight compulsory Skills Units. ANZIIF Skills Units are online and enable students to learn anytime, anywhere. 

Each unit aims to develop specific technical, analytical and interpersonal knowledge and skills required to:

  • lead an insurance broking team
  • analyse and determine a customer’s needs and  risk profile to make recommendations for insurance solutions
  • negotiate the terms and conditions of a policy with the insurer on the customer’s behalf
  • effectively manage and settle insurance claims on behalf of a customer
  • provide quality ongoing insurance broking services to customers.

Pre-requisites

None

Membership Pathway

Senior Associate

Price

per module
AUD $425 BR30003-15 unit
AUD $425 BR30004-15 unit
AUD $425 BR30005-15 unit
AUD $425 RM30001-15 unit





Compulsory Skills Units

  • BR30003-15 Prepare a submission for new business

    This unit provides the skills and knowledge required to determine and prepare a submission for new insurance broking business for both retail and commercial clients.

    This unit is aimed at insurance professionals who work in small or large broking businesses dealing with retail and / or commercial clients. It will develop the communication, interpersonal and analytical skills required to develop and maintain a new client relationship, determine the client’s needs and risk profile, identify appropriate insurance products and services, and collate and distribute all relevant information to clients in a written submission.

    The unit will also cover the skills and knowledge required to provide general and personal insurance advice to retail clients.   

    Learning Outcomes

    On completion of this unit students will be able to:

    • identify a prospective new client
    • establish, develop and maintain a new client relationship
    • identify and analyse a new client’s needs and risk profile
    • identify and develop an appropriate insurance program
    • provide general and personal insurance advice to a new retail client
    • provide appropriate insurance program recommendations to a new client
    • collate all information, and effectively communicate all recommendations and options in a written submission to a prospective new client.

    Competencies

    • FNSIBK513 Prepare a submission for new business

    Price

    Australia AUD $425
    Overseas AUD $425
    Emerging Market AUD $425

    Duration

    Skills Unit (5 weeks)

    CIP Points

    10

    Assessment

    Assessment for this Unit includes an exam and 1 case-based interactive scenario.

    For more information, visit Skills Unit Assessment.

    Enrol Now

  • BR30004-15 Review and improve service performance

    This unit describes the skills and knowledge you will require to be able to collect, analyse and review quantitative and qualitative data relating to the service you and your broking organisation provide to your clients.

    Learning Outcomes

    By the end of this unit, you should be able to:

    1. Establish a system to review service performance
    2. Analyse performance data
    3. Determine the action required to improve performance standards
    4. Establish a system to monitor performance standards.

    Competencies

    • FNSIBK507 Review service performance

    Price

    Australia AUD $425
    Overseas AUD $425
    Emerging Market AUD $425

    Duration

    Skills Unit (5 weeks)

    CIP Points

    10

    Assessment

    Assessment for this Unit includes an exam and 1 case-based interactive scenario.

    For more information, visit Skills Unit Assessment.

    Enrol Now

  • BR30005-15 Negotiate broking client claims

    This unit provides the skills and knowledge required to negotiate client claim settlements with insurers. 

    This unit is aimed at insurance professionals who work in small or large broking businesses dealing with retail and / or commercial clients. It will develop the interpersonal, analytical and communication skills required to research and analyse a client’s claim against their insurance policy, identify and clarify points of difference and crucial issues, develop a case, and negotiate a claims settlement with the insurer on the client’s behalf.

    Learning Outcomes

    On completion of this unit students will be able to:

    • analyse and compare a client’s claim against their policy
    • identify points of difference and crucial issues
    • prepare and submit a case and negotiate a settlement with the insurer
    • communicate the terms of settlement to the client
    • update and maintain required files and records.

    Competencies

    • FNSIBK512 Negotiate complex claims settlement for insurance broking client

    Price

    Australia AUD $425
    Overseas AUD $425
    Emerging Market AUD $425

    Duration

    Skills Unit (5 weeks)

    CIP Points

    10

    Assessment

    Assessment for this Unit includes an exam and 1 case-based interactive scenario.

    For more information, visit Skills Unit Assessment.

    Enrol Now

  • RM30001-15 Undertake risk identification

    This unit describes the skills and knowledge required to identify key stakeholders, describe risk, understand the key principles of risk control and identify the human elements of risk.

    This unit is suitable for individuals who provide specialist knowledge, and who use systematic approaches to problem-solving and make recommendations within organisational processes and procedures.

    Learning Outcomes

    On completion of this unit, students will have the skills and knowledge to:

    • Identify stakeholders and record their views 
    • Explain the use of AS/NZS 13000:2009 in identifying and controlling risk 
    • Explain how to communicate with stakeholders at each stage of the risk identification process 
    • Identify and describe risk 
    • Identify and assess existing controls to determine the need for additional or improved controls.


    Competencies

    • FNSRSK501 Undertake risk identification

    Price

    Australia AUD $425
    Overseas AUD $425
    New Zealand NZD $450
    Emerging Market AUD $425

    Duration

    Skills Unit (5 weeks)

    CIP Points

    10

    Assessment

    Assessment for this Unit includes an exam and 1 case-based interactive scenario.

    For more information, visit Skills Unit Assessment.

    Enrol Now