Professional Status Overview
The IBANZ Professional Status levels independently acknowledge an insurance broker's personal capability to perform their role. Undertaking an evaluation through a professional status programme demonstrates to clients and colleagues that they have the capabilities and experience required to be awarded the designated status.
The purposes of the IBANZ Professional Status levels are so insurance brokers can promote a measurable and trustworthy assessment of their professional qualification(s), experience and capabilities.
To apply for your PIA, PQIB or CQIB Professional Status please complete the application form and submit it to IBANZ with the required supporting documents. A specific application form should be used by CIB applicants.
Please note that PQIB is the minimum status level for an insurance broker who is a registered Financial Adviser. PIA status is not appropriate for an insurance broker who is a registered Financial Adviser.
Before acknowledging a Professional Status level for an Individual Member, IBANZ will assess a combination of criteria in the form of professional experience, qualifications achieved, Continuing Professional Development (CPD) planned and completed, as well as leadership activities in respect of the highest status level. The levels offered are fully described in the Membership and Professional Status Guidelines and summarised below:
| Status |
| New Individual Members of IBANZ will not be recognised with any Professional Status, however it is encouraged that they work towards and apply for their appropriate status level, the PIA Professional Status as a minimum. |
.jpg) | Professional Insurance Administrator
Can demonstrate basic industry experience handling documentation, administration, claims and other support activities. A minimum of 10 hours of CPD is planned and completed each year although qualification by the NZ Certificate in Financial Services (Level 5) or equivalent has not yet been attained. more... |
.jpg) | Professional Qualified Insurance Broker
Can demonstrate moderate industry experience and has attained the NZ Certificate in Financial Services (Level 5) or equivalent and has planned and completed a minimum of 15 hours of CPD each year. more... |
.jpg) | Chartered Insurance Broker
Has not completed the NZ Certificate in Financial Services (Level 5) or an equivalent qualification therefore a Chartered Insurance Broker does not give advice to Retail Clients. However, they can demonstrate significant industry experience, skills and undertaken a minimum of 15 hours of CPD each year. Demonstration of leadership experience is required, perhaps by contributions through insurance related education, mentoring, publications, presentations, technical work or research and similar activities. more... |
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| Chartered Qualified Insurance Broker
Can demonstrate significant industry experience, knowledge and skills; has attained the NZ Certificate in Financial Services (Level 5) or equivalent and has planned and completed a minimum of 15 hours of CPD each year. A Chartered Qualified Insurance Broker will also demonstrate leadership experience by contributions through insurance related education, mentoring, publications, presentations, technical work or research and similar activities. more... |