Loss Adjusting industry guide 2014 www.theinstitute.com.au/la Australian and New Zealand Institute of Insurance and Finance Contents Level 8, 600 Bourke Street, Melbourne Victoria 3000 Australia six seven sixteen Telephone +61 3 9613 7280 (New Zealand Freecall 0800 103 675) ~ ~ ~ Facsimile +61 3 9642 4166 [email protected] CAREER MEMBERSHIP WORKSHOPS www.theinstitute.com.au PATHWAYS AND EVENTS CONNECT WITH THE INSTITUTE twentyfive thirty thirtyfour ABN 56 004 320 076. A Company Limited by Guarantee. Incorporated In Victoria Australia. ~ ~ ~ The head office of the Australian and New Zealand Institute of Insurance and Finance is based in Melbourne, Australia. All events, courses, qualifications, enrolments and membership services are administered at head office. Questions or concerns about course enrolment, study or membership should be PROFESSIONAL STUDYING WITH ACADEMIC directed to the Institute’s Customer Service team. All prices are quoted in Australian dollars and exclude GST unless stated otherwise. © Australian QUALIFICATIONS THE INSTITUTE CALENDAR and New Zealand Institute of Insurance and Finance. Copyright 2014. The information presented in this publication is true and correct at the time of publication. The Australian and New Zealand Institute of Insurance and Finance reserves the right to amend the information contained herein. Any amendments made during 2014 will be made available on the Institute’s website at www.theinstitute.com.au. WELCOME ~ After 130 years of operation, the Australian and New Zealand Institute of Insurance and Finance (the Institute) remains the premier professional membership body for the insurance industry and the leading insurance and financial services educator in the Asia-Pacific. This brochure outlines the During their studies, students The Institute’s range of practical Institute’s most popular become student members and comprehensive insurance products and services, of the Institute, gaining qualifications are supported by including: access to all the professional a complete collection of student membership benefits on support services, ensuring that • professional qualifications in offer and joining a network of the people who study with us loss adjusting more than 16,000 insurance are competent, compliant and The Australian • professional membership professionals in over 50 confident in their insurance and the recognition of countries. careers. and New Zealand skills and knowledge that accompany the ANZIIF post- On completion of their The Diploma of Loss Institute of Insurance nominal Institute qualification, students Adjusting has been developed automatically become fully- in collaboration with the • workshops across a range and Finance (the qualified members and Australasian Institute of of foundation, intermediate are able to use an ANZIIF Chartered Loss Adjusters Institute) is proud and advanced subject areas post-nominal to mark their (AICLA). AICLA is a leading related to the industry to introduce its loss level of knowledge and professional body for loss • online professional skills. Institute members are adjusters in Australia, New adjusting product development management recognised as true industry Zealand and Asia. tools. professionals and receive a range for 2014. Successful completion of As a Registered Training range of benefits alongside LA501, LA502, LA503 and Organisation (RTO), the their post-nominal, including LA504 fulfils the educational Institute develops qualifications access to a Membership requirements to obtain AICLA’s under the Australian Faculty with sector-specific Certificate in Loss Adjusting Qualifications Framework resources to aid professional Practice. Completion of the (AQF). All qualifications are development, a subscription Diploma of Loss Adjusting is the designed by industry and to the Journal—the industry’s educational basis for Associate education experts and are leading publication, a 30 per membership of AICLA and internationally recognised. cent discount on Institute Chartered Loss Adjuster status. The qualifications incorporate events, access to more than For more information visit traditional distance learning 200 hours of online continuing AICLA’s website at education with up-to-date professional development www.aicla.org. best practice thinking across a content and a range of other range of specialist fields. services. four five5 Career Pathways Insure your career with the Institute ANZIIF Membership The following illustrates the Institute’s range of products and pathways to enter and develop an expertise in loss adjusting. Insurance is vital. As an insurance professional, you know that modern society couldn’t function without LOSS ADJUSTING it. Shipping, construction, factories, offices, motoring, COURSES AND ANZIIF MEMBERSHIP membership travel, home ownership, sports events and festivals QUALIFICATIONS LEVELSpg 9 benefits couldn’t happen without insurance. ~ ~ ~ ANZIIF membership is insurance for your career. It gives you access to mentoring and to people to ask • Passport System pg 9 A RANGE OF Fellow MEMBERSHIP for support as well as helping and encouraging you • Merit pg 31 CIP BENEFITS and your career to grow. INCLUDING: Being recognised as a professional who is qualified Professional recognition ~ and committed to the industry is the first step in a Online professional lifelong career journey. With ANZIIF membership, Senior development • Diploma of Loss Associate you are able to demonstrate your knowledge and ~ Adjusting pg 26 CIP The ANZIIF Journal professionalism through the widely-recognised ~ ANZIIF post-nominal on your business cards, email Discounts to signature and other business stationery. ANZIIF events ~ ANZIIF members are recognised as true WORKSHOPS Associate Networking and professionals in their field by their colleagues, their Foundation level to CIP community employers and the industry at large. Membership not Advanced pg 17 only supports you when you need it, it also provides Further details pg 7 the tools you need to continue to succeed. It puts you and your career in front. Affiliate SO ANZIIF MEMBERSHIP ISN’ T JUST INSURANCE FOR YOUR CAREER; IT’ S AN INVESTMENT IN YOUR FUTURE. Allied Certified Insurance Professional (CIP) and Faculty of Claims six6 seven ANZIIF POST NOMINALS allied affiliate associate senior FELLOW ANZIIF ANZIIF ANZIIF associate ANZIIF (Allied) (Aff) (Assoc) ANZIIF (Fellow) CIP (Snr Assoc) CIP CIP Stand out from the crowd The ANZIIF post-nominal shows your peers that you’ve got what it allied affiliate associate senior fellow takes to excel in the industry and in your career. Joining the Institute’s ~ ~ cip associate cip community of professionals expands your network and gives you the cip Allied members Affiliates have ~ ~ recognition to get where you want to go. are valued achieved ASIC Associates have ~ Fellows of the professionals RG 146 Tier 1 or an Institute Senior Associates Institute meet CERTIFIED INSURANCE Ethics, hold an insurance CIP members include Fellow who work in 2 Compliance Certificate IV have an Institute the entry PROFESSIONAL (CIP) qualification, maintain their CIP, Senior Associate CIP or support the (Australia) or or a recognised Diploma or requirements Institute membership provides skills and knowledge and and Associate CIP members. insurance have completed equivalent. Advanced set out in the a pathway to ensure your meet high standards of These qualified members are industry but the Insurance Diploma or Fellowship commitment to becoming integrity. also able to join an Institute do not have Intermediaries a recognised Passport Faculty. Membership Faculties an insurance Qualifying Exam equivalent. System. an insurance professional is All CIP members are required provide a professional home qualification. (Hong Kong). recognised as you work to complete and record a for members to interact with towards your career goals. minimum of 25 CIP points of peers and receive a customised professional development The CIP designation represents and relevant membership (PD) activities each calendar MORE INFORMATION industry professionals who experience. abide by the ANZIIF Code of year (January to December). For more information on Institute membership, including the Fellowship Passport System, please visit www.theinstitute.com.au/membership. eight nine ANZIIF CIP PROGRAM POINTS ALLOCATION The following table illustrates how to gain CIP points required to meet the PD requirements of ANZIIF membership. ACTIVITY EXAMPLES AND FURTHER DETAIL Points gained max. points allowed PROFESSIONAL Completion of module QUALIFICATION 20 points per module ARTICLE Preparation and publication of an article in a PUBLICATION professional journal or online publication 10 points per article ASIC TIER 1 Completion of two AQF award course modules which meet 40 points COMPLIANCE ASIC Compliance requirements ASIG RG146 TIER 2 Completion of modules 10 points COMPLIANCE ATTENDANCE AT Attendance at industry seminars, conferences, INDUSTRY EVENTS workshops or in-house training 1 point per hour or 3 points per half-day 15 points per event (LONG DURATION) ATTENDANCE AT Attendance at an industry breakfast/lunch/ INDUSTRY EVENTS evening meeting or discussion group 1 point per event (SHORT DURATION) CPA AUSTRALIA Completion of modules FOUNDATION PROGRAM 15 points per module INDUSTRY GROUP Membership of an insurance/financial services 5 points per year (pro-rata points apply if not PARTICIPATION industry board, council or committee a member for a full calendar year) INSTITUTE Participation as either