The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) will focus on further developing its education and training services after returning a $1.1 million operating surplus last year.

ANZIIF CEO Joan Fitzpatrick attributes the turnaround in the institute’s profits to the development of new technologies making its education programs more effective. Student numbers in the institute’s total catchment area of Australia, NZ and south-east Asia are growing, and ANZIIF says it will reinvest in the development of new products and services.

She said ANZIIF is beginning to “reap the benefits of a great amount of hard work”.