Qualification Outline
22/07/2026 11:25 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Diploma of Insurance Broking
Diploma of Insurance Broking
FNS51210
S728
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 3.00 | 18/07/2013 | Current | Approved |
Description
This qualification is designed to reflect job roles in insurance broking in a range of organisations as a team member or leader in a large organisation/small business practice or as a sole operator.
Possible work functions include:
identifying risk within a client’s broking portfolio
monitoring a client’s broking portfolio including monitoring complex domestic and business risk portfolios
negotiating and resolving disputes
negotiating with insurers on behalf of their clients in an insurance claim
prepare new business proposals for insurance broking clients
reviewing and reporting losses
working as an insurance broking account executive in the life general or reinsurance sector.
Schedule
Packaging Rules
13 units must be achieved.5 core units
plus 8 elective units
6 elective units must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. 1 of these elective units may be selected from a Certificate IV qualification; 2 of these elective units may be chosen from a Diploma qualification.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
FNSIBK405A Meet industry and legislative guidelines and organisational procedures relating to insurance broking
FNSIBK505A Undertake risk analysis for an insurance broking client
FNSIBK506A Monitor broking clients
FNSIBK507A Review broking client service performance
FNSIBK508A Implement changes to broking client’s insurance program
Elective units of competency:
FNSASIC305A Provide Tier 2 personal advice in general insurance
FNSASICM503A Provide Tier 1 personal advice in life insurance
FNSASICX503A Provide advice in Life Insurance
FNSASICY503A Provide advice in Insurance Broking
FNSCUS402A Resolve disputes
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
FNSIAD501A Provide appropriate services, advice and products to clients
FNSIBK403A Implement an agreed insurance program for a broking client
FNSIBK501B Provide general advice in general insurance broking products and services
FNSIBK502B Provide general advice in life insurance broking products and services
FNSIBK503B Provide personal advice in general insurance broking products and services
FNSIBK504B Provide personal advice in life insurance broking products and services
FNSIBK509A Identify and advise on significant risk changes to broking client insurances
FNSIBK510A Assess and negotiate complex risk portfolio for broker client at renewal
FNSIBK511A Review incidence of loss for broking clients
FNSIBK512A Negotiate complex claims settlement for insurance broking client
FNSINC501B Conduct product research to support recommendations
BSBCCO405A Survey stakeholders to gather and record information.
BSBRES401A Analyse and present research information
BSBSUS501A Develop workplace policy and procedures for sustainability
1. Core Units
Five (5) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| D4191 | FNSIBK508A | Implement changes to broking client's insurance program | 60 | Unit of competency |
| D4183 | FNSIBK405A | Meet industry and legislative guidelines and organisational procedures relating to insurance broking | 45 | Unit of competency |
| D4189 | FNSIBK506A | Monitor broking clients | 60 | Unit of competency |
| D4190 | FNSIBK507A | Review broking client service performance | 55 | Unit of competency |
| D4188 | FNSIBK505A | Undertake risk analysis for an insurance broking client | 55 | Unit of competency |
2. Elective Units
At least six (6) and up to eight (8) units to be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWB4 | FNS51215 | Diploma of Insurance Broking | Qualification |
No information
Entry Requirements
Not applicable.
Traineeships and Apprenticeships