Financial Services Tier 2 – Insurance – Australia
Product Description
Life can be unpredictable but your advice shouldn’t be!
Everyday Australians rely on the insurance industry to provide them with reliable and informed advice to protect their most valuable assets. This training details the Tier 2 general insurance obligations set out in Chapter 7 of The Corporations Act and Part 2 Div 2 of the ASIC Act to ensure your advice is of the highest quality.
Overview
In this course, learners will investigate the knowledge, skills and legislative obligations required to provide high quality advice when dealing with general insurance products. This course provides an outline of how financial services are regulated in the general insurance sector, followed by an explanation of the various types of general insurance products.
Learners will unpack the differences between factual information, general advice and personal advice. A dedicated module explores the skills required to be an excellent insurance advisor and to ensure compliance with your regulatory obligations when providing financial advice.
“By setting and enforcing these training standards, we aim to protect consumers of financial advice by ensuring that those who provide the advice are competent to do so.” ASIC Regulatory Guide 146
We also offer a course for advisers dealing with basic banking products and non-cash payments: Financial Services Tier 2 – Banking – details here
Who should do this training?
This training is suitable for insurance advisors who provide general and/or personal advice on Tier 2 general insurance products.
Course Outline
- Module 1: Regulation of financial services
- Module 2: General Insurance Products
- Module 3: Introduction to financial advice
- Module 4: Providing personal advice
- Module 5: Adviser Skills
Customise Course
Do you have a policy or process, or some subject-matter expertise that you would like to add to this course?
Talk to us about ways we can quickly tailor the course to suit your needs.
