Individual Members must be employed by a Corporate Member company.
Any employee of an IBANZ member firm is entitled to apply for individual membership.
Network Broking individuals belonging to Network Broking Groups (such as PSC Connect and Advisernet) should apply for Affiliate Status here.
The process for individual applications is as follows:
Step 1 Sign Up Online
Step 2 Update your IBANZ Profile
Step 3 If your membership is approved at the board meeting your membership card will be ordered.
Step 4 Shortly after the board meeting you will be sent a confirmation letter and certificate if appropriate
Step 5 Once the membership card arrives, normally one to two weeks after ordering, you will be sent it in the post
Individual Members can apply to have the following status. An Elevation in Membership status application form can be found here under membership.
Associate of IBANZ (AIBANZ)
This status is granted to an Insurance Broker who has had at least ten (10) years continuous experience in the non-life insurance industry and is able to demonstrate that he or she has had at least five (5) years in total experience as a Fire & General Insurance Broker and/or Risk Manager.
A successful applicant for Associate must hold current QIB status (or any other continuing education equivalent subsequently adopted).
Fellow of IBANZ (FIBANZ)
This status is granted to an Insurance Broker who has qualified by examination and who has ten (10) years continuous experience as a Fire & General Insurance Broker and/or Risk Manager; or who has at least fifteen (15) years continuous experience as a Fire & General Insurance Broker and/or Risk Manager.
In order to successfully apply for Fellowship the applicant must hold current QIB status (or any other continuing education equivalent subsequently adopted).
A Fellow or Associate who retires from being an Insurance Broker may apply to the Board to remain a Member.
If approved, the Member can retain their membership certificate and is entitled to the ordinary privileges of membership, except that such a Member cannot take part in the management of the IBANZ, or hold any office within IBANZ, unless the Board in its absolute discretion determines otherwise.
A Retired Member is not entitled to vote and cannot hold a proxy.
Honorary Life Member
An Honorary Life Membership may be granted to a past or present Member where, at an Annual General Meeting of IBANZ the majority of the Board considers the Member worthy of this because of their position, experience and contribution to the insurance industry.
Honorary Life Members are entitled to the ordinary privileges of membership except that they may not; take part in the management of the affairs of IBANZ or hold any office in the management of IBANZ, unless the Board in its absolute discretion determines otherwise