Qualification Outline
22/07/2026 6:00 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
FNS51220
BFX7
Current
Approved
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 5.00 | 03/11/2022 | Current | Approved |
| 4.00 | 23/09/2022 | Replaced | Approved |
| 3.00 | 15/06/2022 | Replaced | Approved |
| 2.00 | 02/02/2021 | Replaced | Approved |
| 1.00 | 04/11/2020 | Replaced | Approved |
Description
This qualification reflects the role of insurance brokers working in a range of organisations, including professional insurance broking advisers. Individuals performing this role assist individuals and businesses to identify their risks, and recommend how these risks can be managed using insurance and other risk management strategies. They have autonomy in performing technical operations; apply solutions to a range of often complex problems; and research, analyse and evaluate information from a variety of sources.
The advice services provided in this role may be to retail, business or large corporate consumers and may deal with a variety of types of insurances provided by the general and life insurance sectors.
Licensing, legislative, regulatory or certification considerations
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Relevant regulatory authorities should be consulted to confirm those requirements before applying the qualification.
Schedule
Packaging Rules
Total number of units = eleven (11)- seven (7) core units plus
- four (4) elective units , of which:
- at least two (2) must be from the elective units listed below
- up to two (2) may be from this qualification or any currently endorsed Certificate IV or above training package qualification or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.
Units with prerequisite requirements are listed on training.gov.au (TGA).
1. Core Units
All seven (7) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| OCI68 | FNSIBK416 | Deliver insurance broking services | 45 | Unit of competency |
| OCI65 | FNSIBK518 | Implement changes to insurance programs of broking clients | 55 | Unit of competency |
| OCI63 | FNSIBK524 | Manage complex risk portfolios for insurance broking clients | 70 | Unit of competency |
| OCI53 | FNSISV408 | Manage handling and settlement of routine insurance claims for retail clients | 45 | Unit of competency |
| OCI22 | FNSIBK415 | Meet compliance requirements relating to insurance broking | 35 | Unit of competency |
| OCI18 | FNSIBK523 | Prepare submissions for new insurance broking business | 45 | Unit of competency |
| OCI70 | FNSASICY513 | Provide advice in insurance broking | 45 | Unit of competency |
2. Elective Units
At least two (2) units must be chosen from the elective units listed below. Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWB4 | FNS51215 | Diploma of Insurance Broking | Qualification |
No information
Entry Requirements
Nil
Traineeships and Apprenticeships