Risk Management industry guide 2014 www.theinstitute.com.au/rm Australian and New Zealand Institute of Insurance and Finance Contents six seven sixteen ~ ~ ~ CAREER MEMBERSHIP WORKSHOPS PATHWAYS AND EVENTS Level 8, 600 Bourke Street, Melbourne Victoria 3000 Australia Telephone +61 3 9613 7280 (New Zealand Freecall 0800 103 675) twentytwo twentythree twentysix Facsimile +61 3 9642 4166 ~ ~ ~ [email protected] www.theinstitute.com.au TRAINEESHIPS PROFESSIONAL STUDYING WITH QUALIFICATIONS THE INSTITUTE CONNECT WITH THE INSTITUTE ABN 56 004 320 076. A Company Limited by Guarantee. Incorporated In Victoria Australia. thirty 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 directed to the Institute’s Customer Service team. All prices are quoted in Australian dollars and exclude GST unless stated otherwise. © Australian ACADEMIC 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 CALENDAR 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 Institute develops use an ANZIIF post-nominal to Institute’s most popular qualifications under the mark their level of knowledge products and services, Australian Qualifications and skills. Institute members including: Framework (AQF). All are recognised as true industry qualifications are designed professionals and receive a The Australian • professional qualifications by industry and education range of benefits alongside their in risk management and New Zealand experts and are internationally post-nominal, including access • professional membership recognised. The qualifications to a Membership Faculty with Institute of Insurance and the recognition of incorporate traditional sector-specific resources to aid and Finance is proud skills and knowledge that distance learning education professional development, a accompany the ANZIIF with up-to-date best practice subscription to the Journal—the to introduce its risk post-nominal thinking across a range of industry’s leading publication, a • compliance products specialist fields. 30 per cent discount on Institute management product that ensure insurance events, access to more than During their studies, students professionals meet ASIC 200 hours of online continuing range for 2014. become student members requirements and can professional development of the Institute, gaining be productive as soon as content and a range of other access to all the professional possible services. membership benefits on • workshops across a range offer and joining a network of The Institute’s range of practical of foundation, intermediate more than 16,000 insurance and comprehensive insurance and advanced subjects professionals in over 50 qualifications are supported by related to the industry countries. a complete collection of student • online professional support services, ensuring that On completion of their development the people who study with us Institute qualification, management tools. are competent, compliant and students automatically confident in their insurance As a Registered Training become fully-qualified careers. Organisation (RTO), the members and are able to 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 risk management. Insurance is vital. As an insurance professional, you know that modern society couldn’t function without RISK MANAGEMENT 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 • University Pathways pg 25 A RANGE OF Fellow MEMBERSHIP for support as well as helping and encouraging you • Passport System pg 9 CIP BENEFITS and your career to grow. • Merit pg 27 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 Integrated Associate you are able to demonstrate your knowledge and ~ Risk Management pg 24 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 Associate Networking and professionals in their field by their colleagues, their CIP community employers and the industry at large. Membership not 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. WORKSHOPS Allied Foundation level to Advanced pg 16 Certified Insurance Professsional (CIP) and Faculty of Risk Management 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 a mentee or mentor 1 point per hour 15 points per year MENTORING PROGRAM INSURANCE AND Including attendance at workshops, in-house FINANCIAL and face to face training 1 point per hour or 3 points per half-day SERVICES TRAINING ONLINE PD Completion of online interactive PD 1 point per hour 15 per activity with self-assessment OVERSEAS Demonstrated compliance with PD requirements determined Up