The National Insurance Brokers Association (NIBA) will again offer cut-price courses to members after securing another round of Federal Government funding.

Up to 200 brokers will receive heavily subsidised rates for the Diploma of Insurance Broking, but brokerages must register their interest with NIBA College by Wednesday.

It is the second time funds have been secured under the Government scheme, NIBA CEO Dallas Booth says. He expects courses to be quickly oversubscribed.

“We are very grateful to the Federal Government – this is a great initiative,” Mr Booth told insuranceNEWS.com.au.

“There is clearly a desire among members to get their staff trained and we are delighted to be able to offer this funding. It is a win for the industry to have better-qualified brokers.”

The full cost of the diploma is $5020. The Government funding covers 67% for a small brokerage, 50% for a medium brokerage and 34% for a large brokerage.

Brokers with no diploma qualifications can complete both parts of the course, but those who have already completed Tier 1 Insurance Broking can complete the Diploma Block 2 workshop only.