Professional Development Qualifications
Qualification
ANZIIF-XL5-NZCOMP-GB

ANZIIF New Zealand Compliance for Advisers - General Insurance Broking

The ANZIIF New Zealand Compliance for Advisers (General Insurance Broking) is designed for New Zealand general insurance brokers who are seeking the NZQA Level 5 qualification outcome in General Insurance Broking.

General Insurance Insurance Broking
Attain Affiliate Membership Level
40 Credit Points

ANZIIF Pathway for New Zealand Compliance for Advisers

ANZIIF are excited to announce the Level 5 equivalent compliance training for New Zealand advisers in General Insurance and General Insurance Broking.

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

ANZIIF's compliance pathway is mapped to the NZQA Level 5 Qualification outcomes of both the Graduate Profile and General Insurance and General Insurance Broking Strands. Undertaking this process has demonstrated that there is clear coverage within the overarching competencies, particularly as they cascade down to the learning elements and performance criteria, along with the performance and knowledge evidence required to be awarded each of the identified competencies.

Based on this assessment from the Skills Organisation, a person seeking to demonstrate capabilities (for the purposes of the new Code of Conduct for Financial Advisers) equivalent to this particular specialist strand, i.e. General insurance strand, would be able to do so by completing ANZIIF’s New Zealand Compliance for Advisers (General Insurance and General Insurance Broking).

Listen to our webinar recording to hear everything you need to know about ANZIIF's New Zealand Compliance for Advisers (General Insurance Broking) training. 

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What are ANZIIF's Pathways for Compliance

In New Zealand, advisers in General Insurance and General Insurance Broking can rely on ANZIIF's compliance solution to demonstrate the standards of competence, knowledge and skill prescribed in the Code of Professional Conduct for Financial Advice Services which comes into effect from 15 March 2021.

ANZIIF has a number of compliance pathways for advisers based upon their experience and qualifications. Regardless of the chosen pathway, all advisers will also need to complete ANZIIF's new bridging unit.

To obtain compliance through ANZIIF, you have three possible pathways. 

See the FAQ's at the bottom of this page, for compulsory units that make up the Adviser Compliance.

ANZIIF Pathways
Pathway 1

If you have completed study towards, or hold an ANZIIF Diploma of General Insurance or an ANZIIF Diploma of Insurance Broking, please contact [email protected] for your tailored pathway.

 

Everyone's tailored pathway will include the ANZIIF bridging unit (NZCGI-20 for General Insurance, NZCGB-20 for General Insurance Broking) which covers off the new code of conduct standards. 
Pathway 2

If you are experienced without a qualification (or you hold a qualification not listed in Pathway 1) then you can apply for Recognition of Prior Learning (RPL). 

 

This ANZIIF learning pathway allows experienced advisers in general insurance or general insurance broking without a qualification to receive accreditation based on demonstrated capability. RPL to the full suite of competencies reduces formal studies to just the new components required under the code - covered in ANZIIF’s new bridging unit (NZCGI-20 for General Insurance, NZCGB-20 for General Insurance Broking) completed online.

 

ANZIIF has extensive experience in assessing people via RPL and works with individuals to assist them in preparing for the assessments - essentially a portfolio of experience and an interview conducted by ANZIIF.  Click to learn more about RPL
Pathway 3

If you are new to the industry and do not have a qualification then you can undertake studies to attain the ANZIIF New Zealand Compliance for Advisers (General Insurance or General Insurance Broking). The Adviser Compliance qualification will be delivered fully online through interactive, explorative learning in 5 or 7-week units. 

 

A study period commences once every 2 weeks. You decide the pace of your learning and speed to competency.

 

Full study of the general insurance stream covering all 4 skills units plus the bridging unit is $1,170 NZD (no GST applicable).

Fully study of the general insurance broking stream covering all 4 skills units plus the bridging unit is $1,490 NZD (no GST applicable). 

 

Outcome

On completion, students will be able to demonstrate the standards of competence, knowledge and skill prescribed in the Code of Professional Conduct for Financial Advice Services which comes into effect from 15 March 2021.

ANZIIF's compliance solution is equivalent to the NZQA Certificate in Financial Services (Level 5) Version 2 - General Insurance Broking Strand.

Students will also be issued a digital badge so that they can digitally verify completion of their ANZIIF New Zealand Compliance for Advisers - General Insurance Broking.

Explore Skills Units

Compulsory
Testimonial
ANZIIF NZ Compliance for Advisers_testimonial
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, 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.
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. 

Background

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

FMA – The New Regime
FMA – Code of Professional Conduct for Financial Advice Services
FMA – Licensing; Who, Why & How and Fees & Levies
FMA – Disclosure; Overview and Regulations
FMA – Registration
FMA – Timeline
FMA – Glossary of Terms