New college for NZ brokers
The Insurance Brokers Association of New Zealand (IBANZ) plans to open the doors next January of IBANZ College, a new professional education institution aimed at member brokers.
IBANZ CEO Gary Young told insuranceNEWS.com.au the association will pull apart its present education system and put it back together in the form of IBANZ College in response to NZ’s new regulatory environment.
“Although there’s no competency requirements for people in our sector, we still feel that we need to respond to the requirement for professionalism going forward,” he said. “We think our sector will eventually come under attention from the regulators and we want to be there already, rather than be told what to do.”
Mr Young says the college will be more of a pathway for brokers and the qualifications will be compatible with the requirements in Australia so that brokers can continue to move back and forth between roles in the two countries.
National Insurance Brokers Association (NIBA) Professional Development Executive Linda Evans told insuranceNEWS.com.au IBANZ will use NIBA College materials and is currently modifying them to suit NZ.
“We’re working very closely with them to meet their own needs in the new regulatory environment,” she said.
IBANZ is in the process of registering with the New Zealand Qualifications Authority and getting the necessary IT systems set up. The association also hopes to have at least one accreditation ready before the January 1 launch.
IBANZ CEO Gary Young told insuranceNEWS.com.au the association will pull apart its present education system and put it back together in the form of IBANZ College in response to NZ’s new regulatory environment.
“Although there’s no competency requirements for people in our sector, we still feel that we need to respond to the requirement for professionalism going forward,” he said. “We think our sector will eventually come under attention from the regulators and we want to be there already, rather than be told what to do.”
Mr Young says the college will be more of a pathway for brokers and the qualifications will be compatible with the requirements in Australia so that brokers can continue to move back and forth between roles in the two countries.
National Insurance Brokers Association (NIBA) Professional Development Executive Linda Evans told insuranceNEWS.com.au IBANZ will use NIBA College materials and is currently modifying them to suit NZ.
“We’re working very closely with them to meet their own needs in the new regulatory environment,” she said.
IBANZ is in the process of registering with the New Zealand Qualifications Authority and getting the necessary IT systems set up. The association also hopes to have at least one accreditation ready before the January 1 launch.