NZCA
Contracts of Insurance Act
This course has been specifically written for insurance professionals in New Zealand and addresses the upcoming reforms of the Contracts of Insurance Act 2024.
Now is the time to prepare for this major shift in New Zealand's insurance context.
This Act aims to improve the experience of the modern insurance consumer as well as the insurance professional. It consolidates several Acts into one location and reflects current thinking about consumers and how they should be protected.
The reforms are wide-reaching and affect insurance professionals in both general and life insurance in pre-contract, sales, intermediary and claims functions.
This course will help you understand what has changed, why it has changed, and what it means for your role, so you can apply the new framework with confidence in your day-to-day work.
What you'll learn
In just 90 minutes, learners will:
- Gain confidence in why the Act was introduced and the role it plays in a modern insurance industry
- Be ready to help deliver the outcomes the Act is designed to achieve
- Gain a practical understanding of what will change in their day to day.
How you'll learn
Through concise modules, downloadable takeaways, and step-by-step guidance, you will learn what the Act means for insurance, and what it means for you.
Developed with the support of Wotton Kearney, a Tier 1 insurance law firm, this course will get you ready to roll out new processes and documents with confidence.
Earn 1.5 CIP points, receive a certificate of completion and find out what to expect in the next two years as insurance gets future-ready.
Topics covered:
- Overview: This opening topic covers why the Act has been introduced, as well as what is changing and when.
- The policy lifecycle: This topic is split between general and life insurance, and learners can select one or both. It covers each stage of the policy lifecycle and how the new requirements affect these stages.
- Roles and functions: This topic covers four distinct insurance functions. Learners select one or more and review the content within to see role-specific changes and actions they will need to take in once the Act is in force.
Assessment
Each topic features a quick recap at the end with short multiple-choice questions to enable learners to get a sense of how well they understand the content.
Features and Inclusions
- Certificate of Completion
- Digital Badge
- Downloadable collateral: Key takeaways and job aids