Progress on a new approach to professional education for brokers is “happening slowly”, National Insurance Brokers Association (NIBA) CEO Dallas Booth says.

The association has been engaged for several months in discussions with the industry’s other major professional education provider, the Australian and New Zealand Institute of Insurance and Finance (ANZIIF).

They are seeking ways to ensure education courses equip brokers to meet the rapidly evolving demands of a more complex market.

insuranceNEWS.com.au understands the discussions have been wide-ranging, and include an option to hand over management of broker education from NIBA College to ANZIIF.

Mr Booth told insuranceNEWS.com.au that while progress on “about 15 different models” is being made, “there is nothing to announce yet”.

“We are discussing some very difficult and complex issues. We have to sort out what is best for broker education over the next 10-15 years.”

Mr Booth says he has been impressed by the interest and support the issue is receiving from the NIBA board. “They are ‘hastening slowly’ and asking many questions.

“The issues they are raising and the decisions they will make are crucial to the future of broker education and the way it is delivered.”