Professional Qualified Insurance Broker (PQIB) Professional Status allows brokers, who are Individual Members of IBANZ, to be publicly recognised as being competent and professional practitioners. It differentiates them and their level of knowledge, competency and ethical standards in the marketplace. Better educated and skilled brokers will achieve better outcomes for their clients.
IBANZ Members compete for business with non-member brokers, insurance agents, insurers and banks. The achievement and retention of PQIB status is an important way for brokers who give financial advice to demonstrate the continued growth of their expertise, differentiating them from others who are less committed to high standards in their broking activities.
Criteria for PQIB Status
Applicants must be a current Individual membership of IBANZ Inc; and
7 years in the insurance profession or 3 years of continuous broking experience; and
NZ Certificate in Financial Services (Level 5) or equivalent; and
4. Evidence of Continuing Professional Development
Plan and complete a minimum of 15 IBANZ rated CPD hours annually, of which 1 CPD hour must be from the available IBANZ Conduct & Ethics CPD topics on our website.
For further details about the application criteria please read the application form or contact us here [email protected] and we will assist you.
Please note that PQIB is the minimum status level for an insurance broker who is a registered Financial Adviser.
Retention of PQIB Status
To retain PQIB status, Members must be able to evidence they met the CPD requirement each calendar year (1 January to 31 December). If a Member does not achieve the CPD required in a year their status lapses and they must cease to use the PQIB post-nominal.