In assessing a combination of annual CPD, Qualifications gained and professional experience, IBANZ will give recognition to Individual Members in the form of a 'Professional Status'. The levels offered are:
|None ||New Individual Members of IBANZ will not be recognised with any status, however it is assumed they will be working towards PIB Status. |
| ||Professional Insurance Broker |
Can demonstrate basic industry experience and completes a minimum of 10 hours of CPD per year.
| ||Qualified Insurance Broker |
Can demonstrate moderate industry experience, holds at least one related NZQA Qualification and completes a minimum of 15 hours of CPD per year.
| ||Chartered Insurance Broker |
Can demonstrate significant industry experience, knowledge and skills, holds a high level related NZQA Qualification, and completes a minimum of 15 hours of CPD per year.
The purpose of these status levels are so insurance brokers may promote a measurable and trustworthy assessment of their professional status.