The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) is seeking feedback from insurance professionals on a draft loss adjusting qualification.

It wants industry members, regulators and other key insurance stakeholders to review the FNS51420 Diploma of Loss Adjusting and related units, as well as underwriting specific units.

ANZIIF worked with the Australasian Institute of Chartered Loss Adjusters and PwC to suggest improvements.

The revised loss adjusting qualification ensures a clear pathway to becoming a chartered loss adjuster, while the underwriting-specific units have been updated to reflect current technologies, demand for more technical knowledge and compliance.

ANZIIF CEO Prue Willsford says the request for feedback is a “great opportunity for the industry to contribute to the growth of professional standards in insurance”.

“The insurance industry continues to experience extensive changes due to regulatory and legislative changes,” she said. “It’s critical that training requirements in the insurance sector are reviewed to ensure our industry obtains the skills and competencies required to effectively service the needs of our customers.”

Feedback can be made until July 17 through the PwC website.